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Microvast and Tonly Heavy Industries Deploy Eco-Friendly Hybrid Mining Trucks

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Microvast Holdings (NASDAQ: MVST) has partnered with Tonly Heavy Industries to deploy TLH135 extended-range hybrid mining trucks in Inner Mongolia. The trucks are equipped with Microvast's high-power battery systems, designed to reduce fuel consumption and emissions while maintaining carrying capacity.

The battery systems feature high charge and discharge rates, supporting 24-hour operation through regenerative braking. They are validated for performance in extreme temperatures from -20°C to 50°C. The collaboration focuses on establishing an eco-friendly mining ecosystem, particularly effective in heavy-load uphill transportation.

Microvast Holdings (NASDAQ: MVST) ha stretto una partnership con Tonly Heavy Industries per implementare i camion minerari ibridi TLH135 a lungo raggio nella Mongolia Interna. I camion sono dotati dei sistemi di batterie ad alta potenza di Microvast, progettati per ridurre il consumo di carburante e le emissioni, mantenendo al contempo la capacità di carico.

I sistemi di batterie presentano elevate velocità di carica e scarica, supportando un'operazione continuativa di 24 ore grazie alla frenata rigenerativa. Sono convalidati per prestazioni in condizioni estreme, con temperature che vanno da -20°C a 50°C. La collaborazione si concentra sull'istituzione di un ecosistema minerario ecologico, particolarmente efficace nel trasporto in salita di carichi pesanti.

Microvast Holdings (NASDAQ: MVST) se ha asociado con Tonly Heavy Industries para implementar camiones mineros híbridos TLH135 de largo alcance en Mongolia Interior. Los camiones están equipados con los sistemas de baterías de alta potencia de Microvast, diseñados para reducir el consumo de combustible y las emisiones, manteniendo al mismo tiempo la capacidad de carga.

Los sistemas de baterías cuentan con altas tasas de carga y descarga, apoyando operaciones continuas de 24 horas mediante el frenado regenerativo. Están validados para un rendimiento en temperaturas extremas que van de -20°C a 50°C. La colaboración se centra en establecer un ecosistema minero ecológico, especialmente efectivo en el transporte de cargas pesadas en pendientes.

마이크로바스트 홀딩스 (NASDAQ: MVST)는 톤리 중공업과 협력하여 내몽골에서 TLH135 장거리 하이브리드 광산 트럭을 배치했습니다. 이 트럭은 마이크로바스트의 고출력 배터리 시스템을 장착하고 있으며, 연료 소비와 배출량을 줄이면서도 적재 용량을 유지하도록 설계되었습니다.

배터리 시스템은 높은 충전 및 방전 속도를 특징으로 하며, 회생 제동을 통해 24시간 운영을 지원합니다. -20°C에서 50°C까지의 극한 온도에서 성능이 검증되었습니다. 이 협력은 특히 중량 화물의 경사 운송에 효과적인 친환경 광산 생태계 구축에 중점을 두고 있습니다.

Microvast Holdings (NASDAQ: MVST) a noué un partenariat avec Tonly Heavy Industries pour déployer des camions miniers hybrides TLH135 à longue portée en Mongolie intérieure. Les camions sont équipés des systèmes de batteries haute puissance de Microvast, conçus pour réduire la consommation de carburant et les émissions tout en maintenant la capacité de charge.

Les systèmes de batteries présentent des taux de charge et de décharge élevés, soutenant un fonctionnement continu de 24 heures grâce au freinage régénératif. Ils sont validés pour des performances dans des températures extrêmes allant de -20°C à 50°C. La collaboration se concentre sur l'établissement d'un écosystème minier écologique, particulièrement efficace dans le transport en pente de charges lourdes.

Microvast Holdings (NASDAQ: MVST) hat eine Partnerschaft mit Tonly Heavy Industries geschlossen, um TLH135 Hybrid-Bergbaulkwagen mit verlängertem Aktionsradius in Inneren Mongolei einzuführen. Die Lkw sind mit den Hochleistungsbatteriesystemen von Microvast ausgestattet, die darauf ausgelegt sind, den Kraftstoffverbrauch und die Emissionen zu reduzieren, während die Tragfähigkeit erhalten bleibt.

Die Batteriesysteme bieten hohe Lade- und Entladeraten und unterstützen einen 24-Stunden-Betrieb durch regenerative Bremsung. Sie sind für den Einsatz bei extremen Temperaturen von -20°C bis 50°C validiert. Die Zusammenarbeit konzentriert sich auf den Aufbau eines umweltfreundlichen Bergbau-Ökosystems, das besonders effektiv beim Transport schwerer Lasten in Hanglagen ist.

Positive
  • Implementation of eco-friendly mining technology demonstrates market expansion into heavy industry
  • 24-hour operational capability through regenerative braking system
  • Proven performance in extreme temperature conditions (-20°C to 50°C)
Negative
  • None.

Insights

Microvast's partnership with Tonly Heavy Industries represents a significant market expansion into the industrial mining sector, diversifying beyond traditional electric vehicle applications. The deployment of their battery systems in TLH135 hybrid mining trucks in Mongolia addresses the complex challenge of heavy-load uphill transportation while significantly reducing emissions - a critical industry pain point.

The technical specifications are particularly impressive. Microvast's batteries support continuous 24-hour operation through three shifts and function in extreme temperature ranges from -20°C to 50°C. This performance validation in harsh mining environments substantially strengthens Microvast's value proposition for other heavy-duty industrial applications where operational reliability is paramount.

This deployment aligns with the accelerating global transition toward sustainable mining operations, positioning Microvast in a growing market segment. By enabling regenerative braking in mining trucks, their technology transforms energy typically lost during downhill travel into usable power - creating measurable efficiency improvements in an industry where fuel costs represent a major operational expense.

While financial terms remain undisclosed, this commercial deployment moves Microvast beyond the R&D stage in industrial applications, demonstrating real-world implementation of their technology. This diversification reduces dependency on any single market segment and validates their strategy of pursuing high-performance applications where battery durability and reliability command premium positioning.

STAFFORD, Texas, April 08, 2025 (GLOBE NEWSWIRE) -- Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a global leader in advanced battery technologies, announced today a collaboration with Tonly Heavy Industries to deploy their TLH135 extended-range hybrid mining trucks equipped with Microvast’s high-power battery systems at a mine in Inner Mongolia. This deployment marks a significant step towards establishing a new eco-friendly mining ecosystem.

The Tonly TLH135 hybrid mining trucks, customized for green mining initiatives, feature Microvast’s battery systems, enabling substantial reductions in fuel consumption and emissions while maintaining robust carrying capacity. This hybrid technology allows for efficient operation in demanding conditions, particularly heavy-load uphill transportation.

Microvast’s collaboration with Tonly Heavy Industries underscores our commitment to providing sustainable energy solutions for heavy-duty applications. The successful deployment of these hybrid mining trucks in Inner Mongolia demonstrates the effectiveness of our high-power battery systems in supporting the transition to greener mining operations even in the most demanding of environmental conditions.

Figure 1Figure 1: Tonly TLH135 Heavy Duty Hybrid Mining Truck

Microvast battery systems are designed for high charge and discharge rates, supporting continuous 24-hour operation across three shifts through regenerative braking. These systems have also been validated for reliable performance in extreme temperatures, ranging from -20°C to 50°C, ensuring all-weather operational capability.

Tonly Heavy Industries is dedicated to developing innovative solutions that meet the environmental and operational demands of the mining industry. Integrating Microvast’s advanced battery technology into the TLH135 hybrid mining trucks to deliver high-efficiency, low-emission solutions.

This deployment aligns with the global trend towards green and smart mining, and Microvast will continue to collaborate with vehicle manufacturers to advance environmentally friendly and efficient new energy commercial vehicles.

About Microvast
Microvast is a global leader in providing battery technologies for electric vehicles and energy storage solutions. With a legacy of over 18 years, Microvast has consistently delivered cutting-edge battery systems that empower a cleaner and more sustainable future. The company’s innovative approach and dedication to excellence have positioned it as a trusted partner for customers around the world. Founded in 2006 in Stafford, Texas, Microvast holds more than 775 patents that enable solutions for today’s electrification needs.

For more information, please visit www.microvast.com or follow us on LinkedIn (@microvast).

About Tonly Heavy Industries
Tonly Heavy Industries is a leading manufacturer of mining trucks and heavy equipment. The company is committed to developing advanced, reliable, and environmentally friendly solutions for the mining industry.

Contact:
Investor Relations
ir@microvast.com

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/cf2403ce-79f7-4fbb-876a-c5b0d8188097


FAQ

What are the key features of Microvast's battery systems in the TLH135 hybrid mining trucks?

The battery systems feature high charge/discharge rates, 24-hour operation capability through regenerative braking, and performance in extreme temperatures (-20°C to 50°C).

Where are MVST's hybrid mining trucks being deployed?

The TLH135 hybrid mining trucks are being deployed at a mine in Inner Mongolia.

What temperature range can MVST's battery systems operate in?

Microvast's battery systems are validated for performance in temperatures ranging from -20°C to 50°C.

How does MVST's partnership with Tonly Heavy Industries benefit mining operations?

The partnership delivers high-efficiency, low-emission mining trucks that reduce fuel consumption while maintaining robust carrying capacity.
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