More Clarksville residents are without employment after China based electric vehicle battery producer Microvast announced more layoffs last week, all while still affirming their intentions of bringing their engineering and research-and-development departments to the area.
Microvast first announced plans to open their batter plant in Clarksville back in February 2021. They have begun to limit their production plan in order to obtain another $150 million in financing to complete the building of the plant, which is currently about halfway finished.
“We continue to focus on closing our Clarksville financing, while remaining committed to fulfilling planned customer and revenue growth,” a company official told Clarksville Now. “We are continually exploring additional customer sales opportunities in North America, including within the Canadian commercial vehicle market.”
