CLARKSVILLE, TN—Microvast Inc. plans to build a new factory here. The $220 million facility will assemble lithium-ion battery cells, modules and packs.

“Microvast is excited to expand our U.S. footprint in Clarksville, where we have access to a talented workforce and a business friendly community,” says Shane Smith. “We believe that expanding our operations in Tennessee will support our efforts to advance the electrification revolution.”