Ted- The co just received Biden $'s on wed.Not sure how much....
LTO, lithium-ion battery system to be developed by Microvast, with extremely high C-rate capability and long cycle life of up to 20,000 cycles under normal operating conditions, will be critical to enable the high-power, ultrafast charging and heavy duty use solution that the consortium is chartered to deliver. Microvast's LTO battery system is expected to achieve energy density, ensuring that sufficient energy is delivered for the application, while meeting space and weight restrictions.