Adam Sichko - HoustonNewMedia.org https://houstonnewmedia.org/author/adam-sichko/ Building "Bridges" Across the Bayou City! Mon, 19 Aug 2024 17:11:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://i0.wp.com/houstonnewmedia.org/wp-content/uploads/2022/11/cropped-cropped-Houston.png?fit=32%2C32&ssl=1 Adam Sichko - HoustonNewMedia.org https://houstonnewmedia.org/author/adam-sichko/ 32 32 103504436 Houston-area electric vehicle battery maker Microvast suspends construction in Clarksville https://houstonnewmedia.org/houston-area-electric-vehicle-battery-maker-microvast-suspends-construction-in-clarksville/?utm_source=rss&utm_medium=rss&utm_campaign=houston-area-electric-vehicle-battery-maker-microvast-suspends-construction-in-clarksville Mon, 19 Aug 2024 17:11:18 +0000 http://houstonnewmedia.org/?guid=bb4c7a112b2db2e84df292e4fd4a93c2 Stafford-based electric vehicle battery maker Microvast Holdings related to its factory in Clarksville, Tennessee, where construction has been suspended.

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]]> 808622 Microvast needs $150M to finish its electric vehicle battery factory https://houstonnewmedia.org/microvast-needs-150m-to-finish-its-electric-vehicle-battery-factory/?utm_source=rss&utm_medium=rss&utm_campaign=microvast-needs-150m-to-finish-its-electric-vehicle-battery-factory Wed, 03 Apr 2024 13:03:46 +0000 http://houstonnewmedia.org/?guid=021e60ee431a4b8dc87402850c5f7602 Houston-based Microvast hoped to start sending electric vehicle batteries to customers in 2023. That didn't happen — and now, 2024 looks to be out of the question too. "We got this as far as we could on [our] balance sheet," says the CFO.

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]]> 744963 Houston’s Microvast selects Kentucky site for $505M electric vehicle battery plant https://houstonnewmedia.org/houstons-microvast-selects-kentucky-site-for-505m-electric-vehicle-battery-plant/?utm_source=rss&utm_medium=rss&utm_campaign=houstons-microvast-selects-kentucky-site-for-505m-electric-vehicle-battery-plant Mon, 03 Apr 2023 13:29:05 +0000 http://houstonnewmedia.org/?guid=650a61c05fbeafadde3e020321e1d5c2 Microvast's project is backed by a $200 million grant from the U.S. Department of Energy, which is incentivizing electric vehicle companies to expand their manufacturing capacity.

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]]> 575690 EV battery-maker Microvast eyes $150M expansion after tripling its battery backlog https://houstonnewmedia.org/ev-battery-maker-microvast-eyes-150m-expansion-after-tripling-its-battery-backlog/?utm_source=rss&utm_medium=rss&utm_campaign=ev-battery-maker-microvast-eyes-150m-expansion-after-tripling-its-battery-backlog Tue, 21 Mar 2023 19:36:34 +0000 http://houstonnewmedia.org/?guid=6f9b3459e1ac1902999c87e1fcae10d8 "We believe that the strong demand we are seeing along with the anticipated benefits of [the Inflation Reduction Act] puts us on a path to achieve profitability within the next two to three years. We see 2023 as a standout year."

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]]> 570510 Microvast wins $200M federal grant, plans $504M electric vehicle battery plant https://houstonnewmedia.org/microvast-wins-200m-federal-grant-plans-504m-electric-vehicle-battery-plant/?utm_source=rss&utm_medium=rss&utm_campaign=microvast-wins-200m-federal-grant-plans-504m-electric-vehicle-battery-plant Tue, 25 Oct 2022 12:45:40 +0000 http://houstonnewmedia.org/?guid=a07ec5bbece222e60b2c109bdf1a8636 Stafford-based Microvast Holdings Inc. (Nasdaq: MVST) has received a $200 million federal grant that will cover 40% of the cost of opening a manufacturing plant to make one layer of a lithium-ion battery. Here's a look at the possible plans for the plant.

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]]> 451519 Whataburger job openings, construction plans reveal five Nashville area stores in the works https://houstonnewmedia.org/whataburger-job-openings-construction-plans-reveal-five-nashville-area-stores-in-the-works/?utm_source=rss&utm_medium=rss&utm_campaign=whataburger-job-openings-construction-plans-reveal-five-nashville-area-stores-in-the-works Tue, 10 Nov 2020 19:19:00 +0000 http://houstonnewmedia.org/?guid=7f8ef12e86c6372403023ea6025e7db3 In its return to Nashville, Whataburger is aiming to serve its fanatics in at least five locations across the region, according to job postings and construction plans filed with the local government.

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]]> 88598 Empty Suites: Hotels have cut deep to weather Covid-19. Many still haven’t cut deep enough. https://houstonnewmedia.org/empty-suites-hotels-have-cut-deep-to-weather-covid-19-many-still-havent-cut-deep-enough/?utm_source=rss&utm_medium=rss&utm_campaign=empty-suites-hotels-have-cut-deep-to-weather-covid-19-many-still-havent-cut-deep-enough Thu, 06 Aug 2020 18:00:18 +0000 http://houstonnewmedia.org/?guid=106b77e9ba774ae41c5a76b9145bb0ae The virus has inverted fundamental economics of the hospitality business, and forecasters don’t anticipate a full rebound from the devastation until two to five years from now.

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