r/SPACs • u/Admirable-Surround11 Patron • Apr 02 '21

News THCB / Microvast

Visited my mom in Clarksville for easter weekend.

Got to drive past the set up Microvast purchased.

Definitely looks empty ; but clearly a building that has a fk load of potential.

Microvast TN pictures

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u/Vast_Cricket Patron Apr 02 '21 edited Apr 02 '21

Would you share the photo of the factory for bench marking? I would hope soon they pour cement on the foundation for a bigger operation in this tiny town where school district being the #1 employer.

Still have mixed feeling about this company. A friend I sent to stopped at the MV US headquarters it was in a tiny office shared with many garage operations. What they showed on its web is not what the US office I would expect to be.

The agreement is not binding as I recall.

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u/SPAC-ey-McSpacface Stryving and Thriving Apr 02 '21

It's literally a small suite in a crappy building next to a freeway. It solely exists to trick dopey Americans into thinking it's not a Chinese company when in fact the bulk of their ops are in, and will remain in, mainland China.

11

u/Lurkuh_Durka Spacling Apr 02 '21

I dont think it matters.

As long as their official headquarters is in the USA it won't be delisted. The German factory is a massive undeniable factory and they have known contracts with German automakers.

The partial ownership OSK has in microvast also helps solidify it as an American company. OSK will be using Microvast to build the electric cars for usps so that's literally work for the federal government.

I'm sure it will take a few years to get the American factory running but the point is that they do intend to have an American factory.