Microvast Holdings, Inc. Common Stock
MVSTMicrovast Holdings, Inc. is a global provider of innovative lithium-ion battery solutions geared towards electric vehicles, commercial vehicles, and energy storage systems. Founded in 2006, the company focuses on developing high-performance batteries that support the transition to renewable energy and sustainable transportation. Microvast's technology emphasizes safety, fast charging, and long cycle life, serving markets worldwide with customized energy storage products.
Company News
Microvast reported record Q3 revenue of $123.3 million, a 21.6% year-over-year increase, with gross margin improving to 37.6%. Despite a net loss of $1.5 million, the company delivered a positive adjusted EBITDA of $21.9 million, demonstrating growing demand for its battery solutions.
Chinese researchers have potentially developed breakthrough solid-state battery technology with a 600-mile range, using innovative techniques like 'iodine ions' and 'flexible transformation' that could significantly improve electric vehicle battery performance and safety.
Law firm Kahn Swick & Foti launched an investigation into Microvast Holdings following allegations of potential securities law violations, including hiding information about a rescinded government grant and questionable sales reporting.
Microvast reported record Q2 revenue of $91.3 million, a 9.2% year-over-year increase, with gross margin expanding to 34.7%. Despite a GAAP net loss of $106.1 million, the company achieved a positive adjusted EBITDA of $25.9 million, indicating improving operational efficiency.
Microvast Holdings will release its Q2 2025 financial results on August 11, 2025, followed by a webcast and earnings conference call at 4:00 p.m. Central Time to discuss business results and outlook.
