Microvast Holdings Inc. (US59516C1062)
XSTU 
Summary
US59516C1062 Chart
Microvast Q2 Earnings Call Highlights
Microvast NASDAQ: MVST reported second-quarter revenue of $87.3 million, down 4.5% from the same period in 2025, as a tariff refund to a customer and lower U.S. sales weighed on results. The battery manufacturer also cited higher raw-material costs and lower production utilization as pressures on profitability.
Microvast Holdings, Inc. (MVST) Q2 2026 Earnings Call Prepared Remarks Transcript
Microvast Holdings, Inc. (MVST) Q2 2026 Earnings Call Prepared Remarks Transcript
Microvast: Sell On Abysmal Results And Persistent Headwinds
Microvast reported disappointing first-quarter results, with sales missing expectations by a wide margin, negative adjusted EBITDA, and a sizeable cash burn. MVST's backlog declined by another 14% sequentially to $168.7 million, a new multi-year low for Microvast. The company's book-to-bill ratio was well below 1.0 for the fifth consecutive quarter. Stricter safety mandates and reduced subsidies are impacting the company's sales in key Asian markets like South Korea and India.
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Microvast Holdings Inc. Profile
| Electrical Equipment Industry | Industrials Sector | Yang Wu CEO | XSTU Exchange | US59516C1062 ISIN |
| US Country | 1,908 Employees | - Last Dividend | - Last Split | 27 Mar 2019 IPO Date |
Overview
Microvast Holdings, Inc. is a pioneering company specializing in advanced battery technologies with a primary focus on electric vehicles (EVs) and energy storage systems. The company has established itself as a leader in the field by offering innovative solutions that range from cell chemistry to battery components and comprehensive battery systems. Founded in 2006 and based in Stafford, Texas, Microvast has expanded its global footprint across China, the rest of the Asia Pacific region, Europe, and the United States. Its dedication to research and development in battery technology caters to a diverse array of commercial vehicle markets, including buses, trains, mining trucks, marine and port vehicles, automated guided and specialty vehicles, as well as light, medium, and heavy-duty trucks.
Products and Services
- Lithium Titanate Oxide (LTO) Batteries
- Lithium Iron Phosphate (LFP) Batteries
- Nickel Manganese Cobalt (NMC) Version 1 and 2 Batteries
- Battery Components
- Battery Solutions for Commercial Vehicles
- Energy Storage Systems
Microvast designs and manufactures high-quality lithium titanate oxide batteries, known for their rapid charging capabilities and exceptional cycle life, making them suitable for heavy-duty applications in both vehicles and stationary energy storage systems.
Offering a noteworthy balance between longevity, safety, and cost, lithium iron phosphate batteries by Microvast are ideal for commercial vehicle applications and energy storage, providing reliable performance under various conditions.
These batteries feature advanced NMC technology optimized for energy density and efficiency, tailored for next-generation electric vehicles and applications demanding high energy output.
Microvast not only produces whole batteries but also specializes in manufacturing critical battery components, such as cathode, anode, electrolyte, and separator. This comprehensive approach ensures quality and performance across the entire battery system.
The company offers bespoke battery solutions engineered to meet the rigorous demands of commercial vehicles, including buses, trucks, and specialty vehicles. These battery systems are designed for durability, reliability, and performance, supporting the electrification of commercial transportation.
Microvast provides scalable energy storage solutions that support a range of applications, from grid stabilization to renewable energy integration. These systems are built for high efficiency and long-term reliability, accommodating the needs of diverse energy markets.
