Microvast Holdings

Microvast Holdings, Inc. is focused on advancing next-generation commercial electric vehicles with superior battery technology. It is engaged in developing ultra-fast charging batteries that have a long battery life with superior margins for safety. The firm also designs, develops, and manufactures Li-ion batteries and materials. The company was founded by Yang Wu in October 2006 and is headquartered in Stafford, TX.

Earnings data Q2 2021

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Microvast Holdings reports record revenue and aims for profitability

Microvast Holdings' Q4 2022 performance showcased record revenue and profitability goals by 2024 through strategic initiatives.
The company's strengths lie in cost control, long-term contracts, efficient manufacturing, and capacity expansion plans.
Challenges include managing raw material prices, production scale-up, funding options, and revenue diversification.
Opportunities for growth stem from partnerships, efficiency improvements, expansion efforts, and potential grant funding.

Microvast Holdings reports robust Q1 performance amidst growth opportunities

Microvast Holdings (MVST) delivered a strong Q1 performance marked by revenue growth, record backlog, and expansion milestones. While facing challenges like a GAAP net loss and competitive market dynamics, the company's strengths lie in strategic wins, innovation, and growth focus. Opportunities for Microvast Holdings include leveraging its backlog, revenue growth, and market positioning to drive future success.

Microvast Holdings reports robust Q2 performance and eyes growth opportunities

Microvast Holdings delivered strong financial results in Q2 2023, showcasing revenue growth, margin improvement, and strategic partnerships. While facing challenges in cost management and margin outlook, the company remains focused on growth opportunities through operational expansions and product development. Overall, Microvast Holdings is well-positioned for continued success in the evolving market landscape.

Microvast Holdings reports robust Q3 growth and eyes 2024 expansion

Microvast Holdings (MVST) delivered strong financial performance in Q3 2023, with significant revenue growth and improved gross margins, while focusing on narrowing losses and enhancing operational efficiency.
The company's strategic collaborations, stringent customer qualification criteria, and technological advancements position it well for future growth and market leadership in the battery industry.
Despite facing challenges in cost management and long-term project efficiency, Microvast Holdings (MVST) has opportunities for continued revenue growth, global expansion, and innovation to drive profitability and success.

Microvast Holdings (MVST) reports record revenue, eyes APAC expansion

Microvast Holdings (MVST) delivered a strong performance in Q4 2023, achieving record revenue and notable growth in key regions and sectors. While facing challenges in financing and market sentiment, the company remains focused on operational improvements and maintaining growth momentum. Opportunities in APAC and EMEA markets present avenues for future expansion and revenue enhancement.

Microvast Holdings reports record Q1 revenue growth and strategic expansion

Microvast Holdings delivered robust revenue growth and margin improvement in Q1 2024, driven by strong performance in key regions and market diversification.
While facing challenges in industry sentiment and financial constraints, the company remains focused on expansion and innovation to drive future growth.
With a positive outlook for Q2 and strategic initiatives in place, Microvast is poised to capitalize on growth opportunities and enhance operational efficiencies.

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Microvast Holdings, Inc. is an advanced battery technology company. It engages in the business of designing, developing, and manufacturing battery components and systems primarily for electric commercial vehicles and utility-scale energy storage systems. The company was founded by Yang Wu on October 12, 2006 and is headquartered in Stafford, TX.

STAFFORD, Texas--(BUSINESS WIRE)--Microvast Holdings, Inc. (NASDAQ:MVST) (“Microvast” or the “Company”) announced today that it has a new dial-in number for its second quarter earnings call that will be held on Thursday, August 11, 2022 at 5:00 p.m. Central Time (6:00 p.m. Eastern Time). Investment community professionals interested in participating in the Q&A session may join the call by dialing +1 201 493 6784. This is an update to the dial-in information that was previously communicated

Microvast Updates Dial-In For Second Quarter Earnings Call

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STAFFORD, Texas--(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 Yeelong Tan Balladon has been appointed to the Board of Directors of the Company (the “Board”), effective as of July 1, 2022. As a Class III director, Ms. Balladon will serve on the Board until the Company's annual meeting of shareholders in 2024. She has also been appointed as

Microvast Announces Appointment of New Director

STAFFORD, Texas--(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 has joined the broad-market Russell 3000® Index in connection with the 2022 Russell indexes annual reconstitution. “Inclusion in the Russell indexes marks an important milestone for Microvast as a publicly traded company,” said Sascha Kelterborn, President of Microvast. “We

Microvast Joins Russell 3000® Index

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The supplier of battery solutions is riding the growing need for lithium-ion battery cells.

Why Microvast Stock Soared Today

Microvast Holdings Inc (NASDAQ: MVST) shares are trading higher by 20.83% at $4.06 after the company reported first-quarter financial results. Microvast reported quarterly losses of 15 cents per share.

Why Microvast Shares Are Skyrocketing Today

Microvast Holdings, Inc. (NASDAQ:MVST ) Q1 2022 Earnings Conference Call May 16, 2022 6:00 PM ET Company Participants Sarah Alexander - General Counsel Yang Wu - CEO Craig Webster - CFO Sascha Kelterborn - President Leon Zheng - former CFO Conference Call Participants Adam Jonas - Morgan Stanley' Operator Thank you for standing by. This is the conference operator.

Microvast Holdings, Inc. (MVST) CEO Yang Wu on Q1 2022 Results - Earnings Call Transcript

STAFFORD, Texas--(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 financial results for the first quarter ended March 31, 2022 (“Q1 2022”). “Our first quarter revenue performance exceeded our expectations and our order book looks very strong,” said Craig Webster, Microvast's Chief Financial Officer. “Looking forward

Microvast Reports First Quarter 2022 Financial Results

MUNICH & HOUSTON--(BUSINESS WIRE)--The market for battery electric vehicles (BEVs) and stationary battery storage systems is growing rapidly. An integrated approach is vital to ensure the underlying technologies meet the ever-growing sustainability demands. TÜV SÜD, a leading global provider of Testing, Inspection and Certification (TIC) services, has developed a sustainability assessment program for battery production, which is currently being implemented for the first time in a pilot project

TÜV SÜD Supports Microvast on the Road to Sustainable Battery Production

STAFFORD, Texas--(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 Craig Webster, a long-standing member of the Company's Board of Directors (“Board”), has been appointed as the Company's new Chief Financial Officer, effective as of April 14, 2022. Yanzhuan (Leon) Zheng, who has served as the Company's Chief Financial Officer since 2010, will

Microvast Announces Appointment of New Executive Officers

STAFFORD, Texas--(BUSINESS WIRE)--Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”) confirmed today that on April 12, 2022, the Securities and Exchange Commission (the “SEC”) provisionally listed the Company as a “Commission-Identified Issuer,” which is a company that uses an auditor not subject to Public Company Accounting Oversight Board (“PCAOB”) inspection pursuant to the Holding Foreign Companies Accountable Act (the “HFCAA”). This identification was expected by the Co

Microvast Statement on Status Under Holding Foreign Companies Accountable Act

2021 revenue grew more than 40%, but losses soared for this lithium-ion battery maker.

Why 1 EV Battery Stock Tanked Today

Microvast Holdings, Inc. (MVST) CEO Yang Wu on Q4 2021 Results - Earnings Call Transcript

STAFFORD, Texas--(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 consolidated financial results for the fourth quarter and full fiscal year ended December 31, 2021 (“Q4 2021” and “FY 2021,” respectively). “I am proud of our accomplishments in FY 2021. Despite many headwinds, including unprecedented supply chain challenges in the automotive industr

Microvast Reports 2021 Financial Results

Today, investors in Microvast and MVST stock are seeing tremendous interest build as the company launches a new EV battery. The post Why Is Microvast (MVST) Stock Up Today?

Why Is Microvast (MVST) Stock Up Today?

Microvast Holdings Inc (NASDAQ: MVST) shares are trading higher Thursday after the company introduced two new lithium ion battery cells and upgraded Gen 4 battery packs. The new lithium ion battery cells were specifically designed to meet technical requirements for powering.

Why Are Microvast Shares Trading Higher Today?

HOUSTON--(BUSINESS WIRE)--Microvast Holdings, Inc. (NASDAQ: MVST), a leading global provider of next-generation battery technologies for commercial vehicles, today announced the introduction of two new lithium ion battery cells to its product portfolio, as well as upgraded Gen 4 battery packs. The new 48Ah and 53.5Ah NMC Li-ion battery cells were specifically designed to meet diverse technical requirements for powering commercial and specialty vehicles, where optimal battery design is challengi

Microvast Launches New Li-ion Battery Cells and Next Generation Packs

Following the late 2021 bloodbath, Microvast's stock has regained momentum in recent months as it defies a broad-based market rout.

Microvast: What You Need To Know Ahead Of Upcoming Earnings

Microvast Holdings Inc (NASDAQ: MVST) is trading significantly higher Monday on above-average volume. Oil prices have continued to surge, reaching the highest levels in 13 years, which has increased focus on electrification and battery solutions.

What's Going On With Microvast Shares Today?

Microvast Holdings Inc (NASDAQ: MVST) confirms that its revenue performance FY21 will be within the announced guidance of $145 million - $155 million (consensus $146.68 million), representing a 42% year-over-year growth at the midpoint of the range. "We are pleased to close out 2021 with a strong revenue performance in the fourth quarter and a promising backlog heading into 2022," said CEO Yang Wu.

Microvast Shares Pop On FY21 Revenue Outlook Confirmation

Microvast Confirms Revenue Guidance For FY21 Will Be Within Previously Announced Range Of $145M-$155M vs $146.68M Est.

STAFFORD, Texas--(BUSINESS WIRE)--Microvast Holdings, Inc. (NASDAQ:MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today confirms that its revenue performance for the fiscal year ended December 31, 2021 will be within the previously announced guidance of $145-$155 million. This represents 42% growth compared to $108 million for the fiscal year ended December 30, 2020 (calculated using the midpoint of the range).

Microvast Confirms Revenue Guidance for 2021 and Schedules Fourth Quarter Earnings Call

HOUSTON & TURIN, Italy--(BUSINESS WIRE)--Microvast and FPT Industrial under the hood of the new IVECO BUS Electric Crossway.

Microvast and FPT Industrial Under the Hood of the New IVECO BUS Electric Crossway

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Piper Sandler analyst Greg Tuttle initiated coverage on Enovix Corp (NASDAQ:ENVX), FREYR Battery SA (NYSE:FREY), and Microvast Holdings Inc (NASDAQ:MVST). The analyst initiated Enovix with an Overweight rating and a price target of $39, implying an upside of 48.5%.

News for Microvast Holdings Stock (MVST)