Microvast and Gaussin Partner to Accelerate the Transition to Zero-Emission

· Strategic Partnership for the next-gen full electric and hydrogen powered version of skateboard road truck platform
· State-of-the-art modular battery concept with a variety of cell chemistry
· Long-term collaboration with a volume forecast of more than 1.5 GWh in the next 5 years and up to 29 GWh until 2031

Frankfurt am Main, June 8th, 2021 – Microvast, a leading global provider of next-generation battery technologies for commercial and specialty vehicles that recently announced a planned business combination with Tuscan Holdings Corp. (Nasdaq: THCB), has been nominated by Gaussin (EURONEXT GROWTH: ALGAU - FR0013495298) for its next generation skateboard road truck platform.
Gaussin is a pioneer in the design and assembly of electric and fuel cell vehicles in transport and logistics industry. Both companies have announced the partnership to integrate Microvast's new generation of batteries for electric and hydrogen skateboard applications of Gaussin.

Microvast joins force with Gaussin in developing zero-emission next-gen skateboard truck platform

Today, Microvast was officially announced as battery supplier of Gaussin to power its new electric and hydrogen trucks. Both companies will collaborate to develop series of new skateboard road trucks, which can be deployed for multiple purposes in the logistics and transport field.

With its vertical integration capabilities, Microvast can provide a wide choice of different cell chemistries in its standard battery packs, which can fulfill the diversified technical requirements in terms of power, energy density and cycle life. The high-level modularity of Microvast batteries gives Gaussin great flexibility in vehicle design. Microvast believes that the excellent fast-charging capability, high energy density and outstanding safety features of Microvast battery solutions can meet the surging demand from major logistics players to shorten the charging duration and prolong the charging interval.
The skateboard for road trucks, a revolution in the field of clean and intelligent transport of goods

Gaussin launched in April 2021 the first “skateboard” in the world for class 8 road trucks, tractor or carrier from 18t to 44t, hydrogen or all-electric, a rolling, versatile and modular platform intended for the various market players.

The solution is aimed at traditional truck manufacturers as well as new entrants, body builders and other market players in autonomous navigation software area. More broadly, the skateboard road truck platform targets all players wishing to access a hydrogen and electric platform for clean and intelligent transport.

Gaussin and Microvast expect to start building the first prototypes in both full electric and hydrogen version in mid 2021 to test the vehicle performance. Microvast will first supply Gaussin with its off-the-shelf MV-C battery pack and then offer an upgrade possibility through MV-I battery pack with an energy density of more than 180 Wh/kg. 

The hydrogen version of the road skateboard is a hybrid system that uses high power batteries in combination with a fuel cell to provide necessary power under certain conditions, with the driving range extended to almost 400 km thanks to the battery power.

The first prototypes are planned to be presented to major fleet and e-commerce companies in the United States and in Europe.

About Microvast

Microvast, Inc. is a technology innovator that designs, develops and manufactures lithium-ion battery solutions.  Founded in 2006 and headquartered in Houston, TX, Microvast is renowned for its cutting-edge cell technology and its vertical integration capabilities which extends from core battery chemistry (cathode, anode, electrolyte, and separator) to battery packs. By integrating the process from raw material to system assembly, Microvast has developed a family of products covering a broad breadth of market applications.  More information can be found on the corporate website: www.microvast.com.

About Gaussin

Gaussin is an engineering company that designs, assembles and sells innovative products and services in the transport and logistics field. Its know-how encompasses cargo and passenger transport, autonomous technologies allowing for self-driving solutions such as Automotive Guided Vehicles, and the integration all types of batteries, electric and hydrogen fuel cells in particular. With more than 50,000 vehicles worldwide, Gaussin enjoys a strong reputation in four fast-expanding markets: port terminals, airports, logistics and people mobility. The group has developed strategic partnerships with major global players in order to accelerate its commercial penetration: Siemens Postal, Parcel & Airport Logistics in the airport field, Bolloré Ports and ST Engineering in ports and Bluebus for people mobility. GAUSSIN has broadened its business model with the signing of license agreements accelerating the diffusion of its technology throughout the world. The acquisition of METALLIANCE confirms the emergence of an international group present in all segments of intelligent and clean vehicles.

In October 2019, the Group won the World Autonomous Vehicle Transport Competition "Category leader" - "Better energy and environmental sustainability". GAUSSIN has been listed on Euronext Growth in Paris since 2010 (EURONEXT GROWTH - FR0013495298). More information on www.gaussin.com
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China Special Vehicle Adivsor