287 Headquarters and Manufacturing jobs coming to Clarksville, TN
Clarksville, Tenn. – February 10, 2021 – The Clarksville-Montgomery County Industrial Development Board (IDB) is pleased to announce American-Owned and Operated Microvast Power Solutions (Microvast) has chosen to locate its U.S. manufacturing headquarters in Clarksville, Tennessee.
Microvast has executed a purchase sale agreement on a local site previously owned by Akebono for their new operation and plans to transition the facility from brake manufacturing to a Li-ion battery manufacturing facility. The new U.S. facility will include a research and development (R&D) department and manufacturing facility that produces separators for batteries, Li-ion battery cells, modules, and packs.
In 2019, at the request of the U.S. Department of Energy (DOE), Microvast began the process of establishing a Li-ion battery facility in the United States to improve the country’s competitiveness in electrification and identified Clarksville-Montgomery County as a prime location.
Microvast Power Solutions is a market leader in the development and manufacturing of ultra-fast charging, long-life battery power systems for commercial electric vehicles worldwide. Globally the company employs 1,600 and plans to add 287 jobs in production, maintenance, office, and management to the community at their U.S. facility in Clarksville, bringing an investment of $220 Million. The first phase of production will fulfill the company's largest order to date, establishing Microvast as the largest American Li-ion manufacturer.
“The Microvast development marks significant progress in the U.S. energy sector and will truly expand opportunities for growth in the energy and technology fields for Middle Tennessee. I am thrilled Montgomery County was selected for this facility and excited for the competitive career opportunities it will bring to our community and our current automotive cluster," said Frank Tate, Executive Director of the IDB.
“TVA and Cumberland Electric Membership Corporation congratulate Microvast on its decision to locate operations in Clarksville. Helping to attract quality jobs and investment from innovative companies, like Microvast, is at the core of TVA’s mission of service. We are proud to partner with the Clarksville-Montgomery County Economic Development Council and Tennessee Department of Economic and Community Development to celebrate this announcement and support Microvast’s business success in the region.” TVA Senior Vice President of Economic Development, John Bradley
“We are ecstatic that Microvast has chosen Montgomery County for their site of operation. Their commitment to our community is a multilevel win for us. Utilizing and adding on to an existing site that has been vacant, bringing employment opportunities to our citizens, and having cutting edge technology developed in this County is all a tremendous benefit for us. I am looking forward to working with them,” stated Montgomery County Mayor Jim Durrett.” said Montgomery County Mayor Jim Durrett.
"We are excited to welcome Microvast Power Solutions to our community," Clarksville Mayor Joe Pitts said. "We appreciate their investment here and the plan to add nearly 300 jobs to our economy, especially some high-tech research and development positions. With the expected growth in the use of electric vehicles, this is clearly a cutting-edge industry and a great addition to our mix of corporate partners.” said City of Clarksville Mayor Joe Pitts.
Microvast plans to begin the recruitment process in the fourth quarter of 2021 and into 2022, with employment opportunities available as early as August 2021. Additionally, careers for Microvast will be posted at Clarksvilleishiring.com, a resource provided to community employers by the Aspire Foundation. If you have questions or need more information, please contact Frank Tate at ftate@clarksville.tn.us or call the Clarksville-Montgomery County Economic Development Council office at 931-245-4348.