Microvast Holdings Inc
NASDAQ:MVST
Microvast Holdings Inc
Microvast Holdings, Inc. is focused on advancing next-generation commercial electric vehicles with superior battery technology. The company is headquartered in Stafford Texas, Texas and currently employs 1,359 full-time employees. The company went IPO on 2017-01-04. The Company’s battery packs utilize a variety of cell chemistries, which provides flexibility in vehicle design and applications. The Company’s commercial vehicle customers include light, medium, and heavy-duty trucks, vans, buses, trains, automated guided vehicles, port equipment and mining trucks. The firm is offering battery solutions including battery chemistries, customized battery solutions and battery components. Its battery chemistries offer a range of cell chemistries, which include lithium titanate oxide (LTO), lithium iron phosphate (LFP), nickel manganese cobalt version one (NMC-1) and nickel manganese cobalt version two (NMC-2). Its customized battery solutions include cells, modules, packs and custom pack and battery management Systems (BMS). Its battery components offerings include Aramid Separator and Gradient Cathode.
Microvast Holdings, Inc. is focused on advancing next-generation commercial electric vehicles with superior battery technology. The company is headquartered in Stafford Texas, Texas and currently employs 1,359 full-time employees. The company went IPO on 2017-01-04. The Company’s battery packs utilize a variety of cell chemistries, which provides flexibility in vehicle design and applications. The Company’s commercial vehicle customers include light, medium, and heavy-duty trucks, vans, buses, trains, automated guided vehicles, port equipment and mining trucks. The firm is offering battery solutions including battery chemistries, customized battery solutions and battery components. Its battery chemistries offer a range of cell chemistries, which include lithium titanate oxide (LTO), lithium iron phosphate (LFP), nickel manganese cobalt version one (NMC-1) and nickel manganese cobalt version two (NMC-2). Its customized battery solutions include cells, modules, packs and custom pack and battery management Systems (BMS). Its battery components offerings include Aramid Separator and Gradient Cathode.
Record Revenue: Microvast reported record Q3 revenue of $123.3 million, up 21.6% year-over-year.
Margin Expansion: Gross profit margin grew to 37.6%, a 4.4 percentage point improvement from last year.
Profitability: Achieved operating profit of $13.2 million, with adjusted net profit of $11.9 million and adjusted EBITDA of $21.9 million.
Guidance Maintained and Raised: Full-year revenue guidance reaffirmed at $450–475 million; full-year gross margin target raised to 32–35%, up from 32%.
Operational Milestone: Huzhou Phase 3.2 production expansion set to complete by year-end, adding up to 2 GWh annual capacity with initial production in Q1 2026.
Strategic Partnerships: Announced new partnership with SKODA Group for high-safety rail battery applications, with the first prototype expected by end of 2026.
