Welcome to our dedicated page for Microvast Holdings news (Ticker: MVST), a resource for investors and traders seeking the latest updates and insights on Microvast Holdings stock.
Microvast Holdings Inc (MVST) is a leader in advanced lithium-ion battery solutions, renowned for its vertically integrated manufacturing and cutting-edge R&D. This page serves as the definitive source for official company announcements, providing stakeholders with timely updates on technological advancements and strategic initiatives.
Access curated press releases and news covering MVST's financial results, product innovations, and industry partnerships. Our repository includes updates on battery system developments, materials science breakthroughs, and operational milestones that demonstrate the company's commitment to energy storage excellence.
Key categories include quarterly earnings disclosures, manufacturing expansion announcements, patent filings, and collaborative projects with global partners. Each update is verified at source to ensure accuracy and relevance for investment research and market analysis.
Bookmark this page for streamlined access to Microvast's latest developments in battery technology. Check back regularly for insights into how MVST's vertical integration strategy continues to shape the future of energy storage solutions.
Microvast Holdings (NASDAQ: MVST) has appointed Carl T "Pat" Schultz as its new Chief Financial Officer, effective April 21, 2025. Schultz brings over 20 years of financial leadership experience, most recently serving as CFO of North America at Air Liquide for 10 years.
Prior to Air Liquide, Schultz spent 8 years at Genworth Financial in various accounting and financial leadership roles, and began his career as an audit associate at KPMG. He holds an MBA from Duke University's Fuqua School of Business, a Master's in Professional Accounting from the University of Texas, and a Bachelor's in Accounting and Finance from Trinity University.
As CFO, Schultz will focus on driving growth, optimizing operations, and ensuring financial transparency at Microvast, a global leader in advanced battery technologies.
Microvast Holdings (NASDAQ: MVST) has partnered with Tonly Heavy Industries to deploy TLH135 extended-range hybrid mining trucks in Inner Mongolia. The trucks are equipped with Microvast's high-power battery systems, designed to reduce fuel consumption and emissions while maintaining carrying capacity.
The battery systems feature high charge and discharge rates, supporting 24-hour operation through regenerative braking. They are validated for performance in extreme temperatures from -20°C to 50°C. The collaboration focuses on establishing an eco-friendly mining ecosystem, particularly effective in heavy-load uphill transportation.
Microvast Holdings (NASDAQ:MVST) reported strong financial results for FY 2024, achieving record revenue of $379.8 million, up 23.9% year over year. The company's Q4 2024 performance was particularly notable, with record quarterly revenue of $113.4 million, an 8.4% increase from Q4 2023.
Key highlights include significant improvement in gross margin, which increased from 18.7% to 31.5% year over year, with Q4 2024 reaching 36.6%. The company's backlog grew to $401.3 million, reflecting strong regional demand. However, net loss widened to $195.5 million in FY 2024 compared to $106.4 million in 2023.
Looking ahead to 2025, Microvast targets 18-25% revenue growth with guidance of $450-475 million and a 30% gross margin target. The company plans to complete its Huzhou Phase 3.2 expansion in Q4 2025 to meet increasing customer demand.
Microvast Holdings (NASDAQ: MVST), a global leader in advanced battery technologies, has announced it will release its full year and fourth quarter 2024 financial results after market close on Monday, March 31, 2025.
The company will host a webcast and earnings conference call at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss business results and outlook. Investors can access the webcast through the Events & Presentations section of Microvast's investor relations website, with a replay available after the event.
Microvast Holdings (NASDAQ: MVST) will showcase its next-generation battery solutions at Smart Energy Week 2025 in Tokyo from February 19-21. The company's exhibit will highlight their advanced battery technologies featuring rapid charging capabilities (80% charge in 15 minutes), extended cycle life (up to 8,000 cycles), and superior safety features.
The company's batteries offer an energy density of 180Wh/kg and are certified by global standards including UNECE-R100.3, GB 38031, UL2580, and AIS038. A key highlight will be the debut of the ME6 BESS, an overhaulable system built with a 565Ah Lithium Iron Phosphate battery cell. The batteries are designed for various applications including battery energy storage systems, commercial vehicles, construction machinery, and specialty vehicles, supporting over one million kilometers of driving.
Microvast Holdings (NASDAQ: MVST) has announced a breakthrough in True All-Solid-State Battery (ASSB) technology. The company's innovative bipolar stacking architecture enables internal series connections within a single battery cell, achieving dozens of volts compared to traditional 3.2-3.7V in conventional batteries.
Key technological features include the complete elimination of liquid electrolytes and a proprietary all-solid electrolyte separator membrane based on advanced polyaramid separator. The technology offers enhanced safety, energy density, and efficiency, particularly suitable for data center backup power systems and electric school buses.
The company's ASSB technology allows for customized cell design with flexible form factor and voltage configuration, making it particularly valuable for advanced robotic systems and AI-driven applications. Cross-sectional analysis shows precise layer alignment and uniform distribution of key materials. The battery demonstrates stable operation between 12V and 21V, with Microvast now moving forward to pilot production studies.
Microvast Holdings (NASDAQ: MVST) reported strong Q3 2024 financial results with record revenue of $101.4 million, up 26.6% year-over-year. The company achieved significant improvements in profitability, with gross margin increasing to 33.2% from 22.3% in Q3 2023. Notable achievements include a net profit of $13.2 million compared to a net loss of $26.2 million in Q3 2023, and positive Adjusted EBITDA of $28.6 million. For full year 2024, Microvast targets 15-18% revenue growth with Q4 guidance of $90-95 million, maintaining a gross margin target range of 25-30%.
Microvast Holdings (NASDAQ: MVST), a lithium-ion battery solutions technology innovator, announced it will release its Q3 2024 financial results after market close on Tuesday, November 12, 2024. The company will host a webcast and earnings conference call at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss business results and outlook. The webcast will be available through Microvast's investor relations website, with a replay available after the event.
Microvast Holdings (NASDAQ: MVST) and Minespider announced they will showcase a Battery Passport demo at IAA Transportation 2024 in Hannover, Germany, from September 17-22, 2024. This follows their strategic partnership announced on August 27, 2024, to implement Battery Passports for Microvast's EU customers in compliance with the EU Battery Regulation.
The demo will include key battery information such as identification number, manufacturing details, material composition, carbon footprint, and due diligence data. From February 2027, all EV, LMT, and industrial batteries over 2kWh must have a Battery Passport to enter the European market. Minespider will assess Microvast's readiness and implement the passports, which will benefit from an AI-powered data management system for accurate information capture and compliance maintenance.
Microvast Holdings, Inc. (NASDAQ: MVST) is launching advanced battery solutions at IAA Transportation 2024, aimed at accelerating the adoption of electric commercial vehicles. The company is introducing:
1. HnSO Cells: Silicon-based cells with 300 Wh/kg energy density and 4,000+ cycle life.
2. LTO Cells: Offering enhanced safety and up to 20,000 cycle life.
3. Third Generation MV-I Pack: A turn-key solution with up to 200 Wh/kg energy density and 5,000+ full cycles.
4. BMS 5.0: A new Battery Management System compliant with ISO 26262 ASIL-C and cybersecurity standards.
Microvast's vertically integrated model enables faster innovation, customization, and quality control, providing scalable solutions for various commercial vehicle applications.
FAQ
What is the current stock price of Microvast Holdings (MVST)?
What is the market cap of Microvast Holdings (MVST)?
