Microvast unveiled new high‑performance battery products at the All‑Energy Australia 2025 conference in Melbourne. The company introduced the ME6 Energy Storage System, a large‑scale lithium iron phosphate (LFP) solution designed for long‑duration storage, and a suite of fast‑charging modules for heavy‑duty vehicles and industrial equipment.
The ME6 system incorporates Microvast’s proprietary LFP chemistry, offering an extended cycle life of up to 10,000 cycles at 80% depth of discharge and a safety profile that eliminates the need for active thermal management. The fast‑charging modules support 80% charge in 15–20 minutes, enabling rapid turnaround for commercial fleets and data‑center power supplies.
Management highlighted strong demand from data‑center operators and commercial vehicle fleets as the primary drivers behind the launch. The company said the new products will help customers meet growing requirements for grid‑scale storage and rapid‑charge infrastructure in the EMEA and U.S. markets.
Microvast’s financial performance underscores the strategic importance of the launch. In the first quarter of 2025, the company reported record revenue of $116.5 million, up 43.2% year‑over‑year, and a gross margin of 36.9%, compared with 21.2% in Q1 2024. For the full year 2024, revenue rose 23.9% to $379.8 million, and the gross margin improved to 31.5% from 18.7% in 2023.
The company’s expansion into LFP‑based energy storage aligns with industry trends toward cost‑effective, cobalt‑free batteries. Microvast’s Clarksville, Tennessee facility and planned European R&D centers are expected to support the production and deployment of the ME6 system and its fast‑charging modules.
In addition to the ME6 launch, Microvast announced progress on its True All‑Solid‑State Battery (ASSB) program, which promises higher energy density and enhanced safety. The company also confirmed that its fast‑charging batteries can reach 80% charge in 15–20 minutes, a benchmark that positions it competitively against other LFP and NMC solutions.
The product launch represents a major operational milestone for Microvast, reinforcing its strategy to capture higher‑margin opportunities in large‑scale energy storage and heavy‑duty applications while expanding its global footprint.
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