Microvast Selects Kentucky For First Polyaramid Separator Plant
Handy Tech Group Inc.
Application & business problem solving experts of mechanical components sold to industrial OEM's in the Southeast
Microvast Holdings, Inc. will invest $504 million to locate its first polyaramid separator plant in Hopkinsville, Kentucky. The project is intended to be the world’s first mass production facility for the cutting-edge polyaramid separator technology, and will create up to 562 new full-time jobs.
“We are excited to announce this next chapter for Microvast, as we intend to build the world’s first mass production facility for our cutting edge polyaramid separator technology,” said Yang Wu, Microvast’s Founder, Chairman, President and Chief Executive Officer. “This material took over 10 years to develop internally and we believe it offers significant safety advantages compared to other polypropylene or polyethylene separator technology available today. We are pleased to expand our manufacturing footprint into Kentucky as it continues to position itself as a leader in EV manufacturing and are eager to work closely with the local community as we begin construction.”