Mar. 21 at 2:27 PM
$MVST
I am not discrediting the Oshkosh Microvast JV thesis. Quite the opposite. The 25M JDA for heavily used applications is real and on record. The problem is a sloppy article that will mislead anyone who has not read filings.
Here is how I see it. Volterra is one platform across three subs: Pierce (fire), Oshkosh Airport Products (Striker ARFF) and McNeilus (refuse). McNeilus builds the Volterra ZSL in Murfreesboro, TN, using Microvast packs, with Clarksville about 90 miles away and targeted as a pack plant for US commercial vehicles by around 2026. Refuse is the confirmed anchor. Fire and ARFF are upside if Oshkosh standardises on MVST there.
Separate but related, LG Chem built a large cathode plant in Clarksville that will feed cell makers, not assemble packs. That sets up a possible stack in one region: cathode from LG, packs from Microvast, vehicles from Oshkosh, with NGDV as one unconfirmed federal outlet. Clarksville is not a theory. The questions are scale and duration.