Microvast Holdings Added to Russell 3000E Index Amid Battery Technology Advancements

Microvast Holdings, Inc. has been added to the Russell 3000E Index. The company designs, develops, and manufactures battery components and systems for electric commercial vehicles and utility-scale energy storage systems. It has developed proprietary technologies for battery systems, including cooling systems and software controls. Microvast offers a range of cell chemistries and battery solutions for various applications.

Microvast Holdings, Inc., a leading innovator in battery components and systems for electric commercial vehicles and utility-scale energy storage, has been added to the Russell 3000E Index. The company, which went public via a SPAC in 2021, designs and manufactures proprietary battery technologies, including cooling systems and software controls. Microvast offers a range of cell chemistries and battery solutions tailored to various applications [1].

The addition to the Russell 3000E Index signifies recognition of Microvast's growing market presence and technological advancements. The Russell 3000E Index is a comprehensive benchmark for the U.S. equity market, encompassing a broad range of industries and sectors. By being included, Microvast joins a prestigious group of companies that are considered leaders in their respective fields.

Microvast's recent challenges have not deterred its progress. The company continues to innovate and develop new technologies to stay competitive in the rapidly evolving battery market. Despite allegations from short-seller Grizzly Research questioning its production capabilities and financial reporting [1], Microvast remains focused on its mission to provide sustainable and efficient energy solutions.

In contrast, Cummins India's shares surged following the launch of its Battery Energy Storage Systems (BESS) on June 26, 2025. The company's commitment to decarbonization and innovative power solutions was evident in its regulatory filing, which highlighted the BESS as a reliable and efficient technology for addressing energy transition requirements [2].

General Motors (GM) is also making significant strides in battery technology. The automaker is exploring solid-state and sodium-ion batteries, aiming to address concerns regarding electric vehicle range, charging performance, and cost. GM's Wallace Battery Cell Innovation Center in Michigan allows it to develop and test new chemistries and cells in-house, giving it greater control over the entire process [3].

Microvast's inclusion in the Russell 3000E Index is a testament to its potential and the industry's recognition of its contributions. As the company continues to innovate and address market challenges, investors and financial professionals can expect to see further developments in its technological advancements and market presence.

References:

[1] https://www.investing.com/news/stock-market-news/microvast-stock-falls-after-grizzly-report-alleges-fabricated-business-4110872
[2] https://upstox.com/news/market-news/stocks/cummins-shares-surge-over-2-as-firm-launches-battery-energy-storage-systems/article-176096/
[3] https://www.inkl.com/news/general-motors-ev-battery-assault-is-just-getting-started