Microvast and Minespider to Showcase Battery Passport Demo at IAA Transportation 2024 Page 1

Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, and Minespider, a technology company offering Battery Passports compliant with the EU Battery Regulation, today announced that they will jointly demonstrate a Battery Passport demo for the first time at IAA Transportation 2024. The event will take place in Hannover, Germany from September 17 to 22, 2024. On August 27, 2024, Minespider and Microvast announced a strategic partnership to implement Battery Passports for Microvast battery solutions for EU customers that are compliant with the EU Battery Regulation.

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