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Microvast Holdings Inc - MVST STOCK NEWS

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.

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Microvast Holdings, Inc. (NASDAQ: MVST) announced strong Q3 2023 financial results, including a 107.5% YoY revenue increase to $80.1 million, a record backlog of $678.7 million, and a gross margin improvement from 5.2% to 22.3%. The company also provided a positive 2023 outlook, anticipating continued growth and revenue in the range of $292 million to $302 million for the full year 2023.
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Microvast Holdings, Inc. will report its Q3 2023 financial results and host a webcast and earnings conference call. The webcast will be accessible on Microvast's investor relations website. Investors can participate in the Q&A session and submit questions via the website.
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Microvast Holdings, Inc. (NASDAQ: MVST) reported strong Q2 2023 results, with revenue increasing 16.4% YoY to $75.0 million, and a record backlog of $675.9 million, up 541.9% YoY. Gross margin improved to 15.3% from 7.5% YoY. The company expects continued growth in orders and backlog for the rest of the year, with Q3 2023 revenue projected to be in the range of $72 million to $80 million and full-year 2023 revenue projected to be $348 million to $368 million. Capital expenditures for the full year are anticipated to be in the range of $180.0 million to $210.0 million.
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Microvast Holdings, Inc. (NASDAQ: MVST) announced that its CEO, Yang Wu, and CFO, Craig Webster, will participate in a virtual fireside chat at the Oppenheimer 26th Annual Technology, Internet & Communications Conference on August 8th, 2023. The webcast will be available on the company's investor relations website.
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Microvast Holdings, Inc. (NASDAQ: MVST) will release its consolidated financial results for Q2 2023 on August 7, 2023. A webcast and earnings conference call will be held to discuss the results and outlook. The webcast can be accessed on Microvast's investor relations website. Questions can be submitted via the website or during the Q&A session on the conference call.
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Microvast Holdings, Inc. (NASDAQ: MVST) is expanding its Colorado energy division with a new facility in Windsor, Colorado. The facility, expected to be operational in 2023, will provide 100,000 square feet of production space for the manufacturing of energy storage systems (ESS). The expansion aims to support the fast-growing utility-scale energy storage market and boost the local economy by creating more jobs in Colorado.
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Microvast Holdings, Inc. responds to the U.S. Department of Energy's decision to withdraw a $200 million grant for a new facility in Kentucky. The company is considering its options but remains committed to investing in its U.S. expansion plans. The withdrawal will not impact the company's battery manufacturing facility in Tennessee or its financial guidance. Microvast expects revenue in the U.S. to exceed $100 million this year.
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Microvast Holdings, Inc. announces strong Q1 2023 results with revenue growth of 28.1% YoY and record backlog of $486.7 million. Gross margin increased to 10.3% and adjusted gross margin increased to 13.5%. The company raises its full year 2023 revenue guidance to $348 million to $368 million, reflecting YoY growth of 70% to 80%.
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