Microvast Holdings, Inc.
Microvast Holdings, Inc., a leading innovator in the energy storage sector, is headquartered in the United States. Founded in 2006, the company has established a strong presence in the electric vehicle (EV) and energy storage industries, focusing on the development of advanced lithium-ion battery solutions. Microvast is renowned for its unique fast-charging battery technology, which significantly enhances the efficiency and longevity of energy storage systems. With a commitment to sustainability, the company has achieved notable milestones, including partnerships with major automotive manufacturers and a growing footprint in global markets. As a key player in the battery manufacturing landscape, Microvast continues to push the boundaries of energy technology, positioning itself as a trusted provider of high-performance battery solutions for both commercial and industrial applications.
DitchCarbon Score
How does Microvast Holdings, Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electrical Machinery Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Microvast Holdings, Inc.'s score of 18 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Microvast Holdings, Inc.'s reported carbon emissions
Microvast Holdings, Inc., headquartered in the US, has reported carbon emissions data for the years 2017 to 2019. In 2017, the company emitted approximately 24,790,000 kg CO2e per tonne of goods transported and about 18,324 kg CO2e per production unit. In 2018, emissions increased slightly to around 26,170,000 kg CO2e per tonne of goods transported, with direct and indirect emissions per production unit rising to approximately 24,768 kg CO2e. By 2019, emissions per tonne of goods transported were about 25,660,000 kg CO2e, while emissions per production unit decreased to approximately 21,492 kg CO2e. Despite these figures, Microvast has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined climate commitments or science-based targets suggests that the company may be in the early stages of developing a comprehensive climate strategy. As the industry increasingly prioritises sustainability, Microvast's future commitments will be crucial in aligning with global climate goals.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Microvast Holdings, Inc. is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
