Revenue increased 49.9% year over year to $306.6 million in FY 2023 Record quarterly revenue of $104.6 million, up 61.4% year over year in Q4 2023 Gross margin increased from 4.4% to 18.7%, a 14.3 percentage point improvement year over year, with Q4 2023 gross margin of 22.0% compared to 3.4% in Q4 2022 STAFFORD, Texas, April 01, 2024 (GLOBE NEWSWIRE) -- Microvast Holdings, Inc. (NASDAQ:MVST) (“Microvast” or the “Company”),... Read More

STAFFORD, Texas, March 19, 2024 (GLOBE NEWSWIRE) -- Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the fourth quarter of 2023 after market close on Monday, April 1st, 2024. Following the earnings press release, Microvast management... Read More

Revenue increased 107.5% year over year to $80.1 million Achieved record backlog of $678.7 million, up 382.7% year over year Gross margin increased from 5.2% to 22.3%, a 17.1 percentage point improvement year over year STAFFORD, Texas / Nov 09, 2023 / Business Wire / Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery... Read More

STAFFORD, Texas / Oct 26, 2023 / Business Wire / Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the third quarter of 2023 after market close on Thursday, November 9, 2023. Following the earnings press release, Microvast management... Read More

STAFFORD, Texas / Aug 08, 2023 / Business Wire / Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, is excited to announce the promotion and appointment of Zach Ward as the new President of the organization. This... Read More

Revenue increased 16.4% year over year to $75.0 million, exceeding guidance Achieved record backlog of $675.9 million, up 541.9% year over year Gross margin increased from 7.5% to 15.3%, a 7.8 percentage point improvement year over year STAFFORD, Texas / Aug 07, 2023 / Business Wire / Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures... Read More

STAFFORD, Texas / Jul 25, 2023 / Business Wire / Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced that Yang Wu, Chief Executive Officer, Chairman and President, and Craig Webster, Chief Financial Officer, will participate in a virtual fireside chat at the Oppenheimer 26th Annual Technology, Internet & Communications... Read More

HOUSTON / Jul 24, 2023 / Business Wire / Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the second quarter of 2023 after market close on Monday, August 7, 2023. Following the earnings press release, Microvast management will host a... Read More

STAFFORD, Texas / Jul 11, 2023 / Business Wire / Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, today announced the expansion of its Colorado energy division to a new facility in Windsor, Colorado. “Northern... Read More

STAFFORD, Texas / Jun 20, 2023 / Business Wire / Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, issued the following statement from founder, chairman, President and CEO, Mr. Yang Wu in response to recent developments: “I’m proud to be a Chinese American. My wife and I first came to America in 1994 to pursue... Read More

STAFFORD, Texas / May 24, 2023 / Business Wire / Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, responded today to the U.S. Department of Energy’s (DOE’s) recent decision to withdraw its previously announced $200 million separator grant. Yang Wu, Microvast’s founder, chairman, President, and Chief Executive... Read More

Revenue increased 28.1% year over year to $47.0 million, exceeding original guidance Adjusted gross margin increased to 13.5% Achieved record backlog of $486.7 million HOUSTON / May 09, 2023 / Business Wire / Microvast Holdings, Inc. (NASDAQ:MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced unaudited condensed consolidated... Read More

STAFFORD, Texas / May 04, 2023 / Business Wire / Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, is in the homestretch of renovations and hiring for its newest manufacturing plant located in Clarksville, TN.... Read More

HOUSTON / May 01, 2023 / Business Wire / Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced that it will host an Investor Day on Thursday, May 25, 2023, in New York City at 9:00 a.m. Eastern Time. Presenting from Microvast will be: Yang Wu, Founder, Chairman, President, and Chief Executive... Read More

HOUSTON / Apr 25, 2023 / Business Wire / Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the first quarter of 2023 after market close on Tuesday, May 9, 2023. Following the earnings press release, Microvast management will host a... Read More

STAFFORD, Texas / Apr 13, 2023 / Business Wire / Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, today announced the appointment of Isida Tushe as General Counsel and Corporate Secretary. An industry veteran, Isida brings a wealth of domestic and international experience honed through years of working as an... Read More

HOUSTON / Mar 30, 2023 / Business Wire / Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced the location of its first polyaramid separator plant in Hopkinsville, Kentucky with a $504 million investment. The project, intended to be the world's first mass production facility for the cutting edge... Read More

35% year over year increase in revenue 121% year over year increase in gross profit >3.5x year over year increase in backlog to $410.5 million Microvast Holdings, Inc. (NASDAQ:MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, announced today its consolidated financial results for the fourth quarter and full fiscal year ended December 31, 2022... Read More

Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, today announced attendance at a recruiting event aimed at hiring American military veterans and their spouses for its new Tennessee location. Microvast’s newest manufacturing facility located in Clarksville, TN, is looking for at least 100 more employees ahead of its September 2023 opening,... Read More

Microvast Holdings, Inc . (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the fourth quarter of 2022 after market close on Thursday, March 16, 2023. Following the earnings press release, Microvast management will host a webcast and earnings conference call... Read More

Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced that Sascha Kelterborn, president and chief revenue officer, and Craig Webster, chief financial officer, will virtually present at the Baird 2023 Vehicle Technology & Mobility Conference on Wednesday, February 15 th , 2023 at 3:40 p.m. CT (4:40 p.m. ET). A live webcast, as... Read More

Microvast’s MV-C Gen 4 lithium-ion battery packs to power REE’s P7 fully-flat commercial EV platforms with REEcorner TM technology REE is expected to display its P7 platform with Microvast’s battery packs at NTEA Truck Week, March 7-10 in Indianapolis Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that... Read More

Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced that Sascha Kelterborn, president and chief revenue officer, and Craig Webster, chief financial officer, will virtually present at the 25 th Annual Needham Growth Conference on Thursday, January 12 th , 2023 at 2:45 p.m. CT (3:45 p.m. ET). A live webcast, as well as a replay,... Read More

Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, today announced the opening of a new 30,000 square foot Technology and Testing Center in northern Colorado. “Our Technology and Testing Center will usher in the next phase of Microvast’s... Read More

Microvast Holdings, Inc . (NASDAQ: MVST), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, today announced that its energy division secured a contract to supply a utility-scale battery energy storage system (BESS) to a U.S. customer. Microvast will supply its BESS ME-4300 container solution for a 1.2GWh battery energy storage project co-located with a solar facility in the United... Read More

Microvast Holdings, Inc. (NASDAQ:MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced unaudited condensed consolidated financial results for the third quarter ended September 30, 2022 (“Q3 2022”). “ We are pleased with our third quarter performance, delivering year-over-year revenue growth despite continuing difficult market... Read More

Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced the extension of its supply and purchase agreement with Kalmar. Kalmar, part of Cargotec, offers a wide range of cargo handling solutions and services to ports, terminals,... Read More

A wholly-owned subsidiary of Microvast Holdings, Inc. (NASDAQ: MVST) was selected by the U.S. Department of Energy (DOE) in collaboration with General Motors to receive a $200 million grant as part of the first set of projects funded by President Biden’s Bipartisan Infrastructure Law. Over 200 companies applied for $2.8... Read More

Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced the launch of its inaugural battery energy storage system, the ME-4300-UL ESS Container (the “ESS Container”). ESS Container Features & Highlights The ESS Container is designed... Read More

Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced its participation in a mining industry electrification consortium led by Shell. The consortium’s pilot offering of electrification solutions for off-road mining vehicles aims to advance the electrification of mining sites and reduce emissions by shifting away from a... Read More