Part 4/7:
Currently, Microvast is in the pilot production phase, working towards addressing the unique manufacturing challenges presented by solid state batteries. Analysts are wary of the timeline being forwarded by various companies, often likening the situation to the hype surrounding quantum computing, with some projections indicating that fully operable solid state batteries are still a decade away. Notably, even companies like CATL and Samsung are still in early stages of development and production, signifying that mass production of solid state batteries is not imminent.