JLG & Oshkosh to partner with Microvast

By Lindsey Anderson11 February 2021

JLG’s parent company, Oshkosh Corp., has announced a planned investment into Microvast, a developer of lithium ion battery technology for commercial and specialty electric vehicles.

Oshkosh agreed to make a $25 million private investment in public equity, or PIPE, in Microvast, which announced a merger with Tuscan Holdings Corp. on February 1. Oshkosh and Microvast also entered into a joint development agreement highlighting future battery collaboration and integration.

The 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 said.

According to Frank Nerenhausen, Oshkosh executive vice president and president of JLG Industries, the relationship will enhance the company’s product development and technology roadmap.

“JLG is focused on electrification and the delivery of sustainable technologies that are environmentally friendly without a compromise to performance,” Nerenhausen said. “We believe advancing battery technology is crucial to striking this balance.”

JLG started offering electric products in the mid-1990s when it launched its first electric boom lift. JLG’s most-recent electric product introduction was the industry’s first all-electric scissor lift — the AE 1932 DaVinci model.

“Our new DaVinci all-electric lift represents the future of electrification — every component is optimized to deliver premium performance and value to the customer,” said Nerenhausen.

“Our strategic investment in Microvast is an excellent addition to Oshkosh’s electrification focus and established partnerships,” said John C. Pfeifer, Oshkosh Corporation president and COO.

“These partnerships, combined with Oshkosh’s highly-capable product development team, support our expanding leadership with technology-enabled products across the markets we serve.”

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Access, Lift & Handlers Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Featured Training From Easybook
NYC SST Online Training

The clock is ticking… Construction workers in New York City – have you fulfilled your required Site Safety Training (SST)? Get your SST card online now

Latest Events
APEX & IRE: register now for Maastricht exhibitions
Register for one show to get free access to both IRE and APEX
Online catalogues for APEX and IRE now available
Search on product categories and arrange meetings
APEX & IRE shows: how to get to Maastricht
Whether it be air, car, train or bus, there are a number of ways to get to the MECC 
Off-Highway Research

The gold standard in market research

Off-Highway Research offers a library of more than 200 regularly updated reports, providing forensic detail on key aspects of the construction equipment industry.

Our detailed insights and expert analyses are used by over 500 of the world’s largest and most successful suppliers, manufacturers and distributers, to inform their strategic plans and deliver profitable growth.

Click here to visit our website

CONNECT WITH THE TEAM
Lindsey Anderson Editor, Access, Lift & Handlers Tel: +1 312 929 4409 E-mail: lindsey.anderson@khl.com
Tony Radke Sales Manager Tel: +1 480 478 6302 E-mail: tony.radke@khl.com
CONNECT WITH SOCIAL MEDIA