The market for battery electric vehicles (BEVs) and stationary battery storage systems is growing rapidly. An integrated approach is essential to ensure that the underlying technologies meet ever-increasing sustainability requirements. TÜV SÜD, the world’s leading provider of testing, inspection and certification (TIC) services, has developed a sustainability assessment program for battery production, which is currently being implemented for the first time as part of a pilot project alongside Microvast Holdings, Inc. (NASDAQ: MVST), a leading provider of battery technology for the next generation of commercial and special vehicles.
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Sascha Kelterborn, President of Microvast, receives sustainability report from Ferdinand Neuwieser, Chief Executive Officer of TÜV SÜD. (Photo: BusinessWire)
When developing its sustainability assessment program, TÜV SÜD relied on the overarching United Nations Sustainable Development Goals (SDGs), and used these goals as the basis for defining criteria and indicators. which allowed its technical inspection experts to assess and quantify durability.
TÜV SÜD has also considered the requirements of the forthcoming EU Battery Directive. TÜV SÜD’s sustainability assessment program is designed to enable manufacturers to establish more sustainable battery production operations, which will encompass not only the ecological aspect, but also the social and economic aspects.
As part of a pilot project for the first phase of sustainability assessment, TÜV SÜD examined the current status of corporate sustainability at several Microvast facilities. The pilot project marked the launch of a new SDG assessment tool, which enables an objective, holistic and transparent recording and review of the underlying data. The results of the first phase of sustainability assessment have been summarized in a status report, which Microvast will use as a reference to promote its sustainability initiatives.
“Sustainability, sustainable production and sustainable supply chains are turning into a core feature, which delivers competitive advantage to companies in all sectors,” said Ferdinand Neuwieser, CEO of TÜV SÜD Industrie Service GmbH. “We are honored to lead this sustainability assessment pilot project. Microvast is deeply committed to its goal of improving the sustainability of its battery production, and this project is an important step in achieving those goals. »
“Our strategic goal is to establish sustainable battery production operations and supply chains based on the United Nations Sustainable Development Goals (SDGs),” said Sascha Kelterborn, President and Chief Revenue Officer at Microvast Holdings, Inc. “We are aware of the challenges ahead of us. TÜV SÜD’s sustainability assessment and status reports will help us overcome these challenges and document our progress on our way to a leading position in the sustainable battery production industry. »
The project is now entering its second phase, which should include recommendations to further improve the sustainability of Microvast’s production processes.
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Founded in 1866 as an association dedicated to boiler inspection, the TÜV SÜD group has evolved into a global company. More than 25,000 employees work in more than 1,000 locations in nearly 50 countries to constantly improve technology, systems and expertise. They make a significant contribution to making technical innovations such as Industry 4.0, autonomous driving and renewable energies safe and reliable. www.tuvsud.com
Microvast is a technology innovator that designs, develops and manufactures lithium-ion battery solutions. Microvast is renowned for its advanced cell technology and vertical integration capabilities, which extend from basic battery chemistry (cathode, anode, electrolyte and separator) to modules and battery packs. By integrating the process from raw material to system assembly, Microvast has developed a product line covering a wide range of market applications, including electric vehicles, energy storage and battery components. Microvast’s strategic ambition is to become a fully sustainable battery company. Microvast, which was established in 2006, is headquartered near Houston, Texas. To learn more, visit www.microvast.com.
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