JLG and Oshkosh Corp. Partner with Microvast
JLG Industries Inc., an Oshkosh Corp. company and leading global manufacturer of mobile elevating work platforms and telehandlers, has announced a planned investment by parent company Oshkosh Corp. in Microvast, a global provider of next-generation battery technologies for commercial and specialty electric vehicles. This new partnership, in combination with the company’s existing electrification supply chain partners, will continue to strengthen and advance the development of industry-leading electrified solutions across the JLG product line, including boom lifts, scissor lifts, low-level access lifts, vertical access lifts, stock and order picker lifts, towable lifts and telehandlers.
JLG has been at the forefront of the industry’s movement toward electrification, having offered electric products since the mid-1990s when the company launched its first electric boom lift. Recent electric product introductions include the industry’s first all-electric scissor lift, the AE 1932 DaVinci model.
Oshkosh agreed to make a $25 million private investment in public equity in Microvast, which announced a merger with Tuscan Holdings Corp. on February 1, 2021. Oshkosh and Microvast also entered into a joint development agreement highlighting future battery collaboration and integration. www.jlg.com