Associated tags: Manufacturing, Batteries, Energy, Other Manufacturing, Hardware, Other Energy, Engineering, Electric battery, Automotive Manufacturing
Locations: TX, EUROPE, COLORADO, WARD, STAFFORD, US, TEXAS, APAC, CHINA, TENNESSEE
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Capital expenditure 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, 2024 (“Q1 2024”).
Key Points:
- 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, 2024 (“Q1 2024”).
- Ongoing R&D progress towards upcoming new products, anticipate delivering prototypes to new customers
Company management will host a conference call and webcast on May 9, 2024, at 4:00 p.m. Central Time, to discuss the Company's financial results.
- The live webcast and accompanying slide presentation will be accessible from the Events & Presentations section of Microvast’s investor relations website ( https://ir.microvast.com/events-presentations/events ).
- A replay will be available following the conclusion of the event.
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Microvast Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the first quarter of 2024 after market close on Thursday, May 9, 2024.
Key Points:
- Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the first quarter of 2024 after market close on Thursday, May 9, 2024.
- Following the earnings press release, Microvast management will host a webcast and earnings conference call at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss the business results and outlook.
- The webcast will be accessible from the Events & Presentations tab of Microvast’s investor relations website at https://ir.microvast.com .
- A replay will be available following the conclusion of the live event.
Record quarterly revenue of $104.6 million, up 61.4% year over year in Q4 2023
Key Points:
- Record quarterly revenue of $104.6 million, up 61.4% year over year in Q4 2023
Gross margin increased from 4.4% to 18.7%, a 14.3 percentage point improvement year over year, with Q4 2023 gross margin of 22.0% compared to 3.4% in Q4 2022
STAFFORD, Texas, April 01, 2024 (GLOBE NEWSWIRE) -- Microvast Holdings, Inc. (NASDAQ:MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, announced today its consolidated financial results for the fourth quarter and full fiscal year ended December 31, 2023 (“Q4 2023” and “FY 2023,” respectively).
- “We achieved record revenue in the fourth quarter of 2023 bringing our full year revenue growth to 49.9% and we delivered these revenues at a gross margin close to our targeted level.
- To get the U.S. to the same mature and steady state requires us to secure financing to complete Clarksville Phase 1A.
- Continued regional efficiencies and utilization increases, providing a Company gross margin target of 20% to 25%
Company management will host a conference call and webcast on April 1, 2024, at 4:00 p.m. Central Time, to discuss the Company's financial results.
STAFFORD, Texas, March 19, 2024 (GLOBE NEWSWIRE) -- Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the fourth quarter of 2023 after market close on Monday, April 1st, 2024.
Key Points:
- STAFFORD, Texas, March 19, 2024 (GLOBE NEWSWIRE) -- Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the fourth quarter of 2023 after market close on Monday, April 1st, 2024.
- Following the earnings press release, Microvast management will host a webcast and earnings conference call at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss the business results and outlook.
- The webcast will be accessible from the Events & Presentations tab of Microvast’s investor relations website at https://ir.microvast.com .
- A replay will be available following the conclusion of the live event.
Retrieved on:
Thursday, November 9, 2023
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Clothing 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 third quarter ended September 30, 2023 (“Q3 2023”).
Key Points:
- 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 third quarter ended September 30, 2023 (“Q3 2023”).
- “Operations at our expanded facility in Huzhou, China have exceeded target yields on high levels of utilization, and our target is to have over 90% utilization by the end of the fourth quarter.
- These gross margin levels are in the territory of the scaled global battery manufacturers with whom we compete,” said Craig Webster, Microvast’s Chief Financial Officer.
- Investment community professionals interested in participating in the Q&A session may join the call by dialing 1-855-327-6837.
Retrieved on:
Thursday, October 26, 2023
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Central Time Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the third quarter of 2023 after market close on Thursday, November 9, 2023.
Key Points:
- Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the third quarter of 2023 after market close on Thursday, November 9, 2023.
- Following the earnings press release, Microvast management will host a webcast and earnings conference call at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss the business results and outlook.
- The webcast will be accessible from the Events & Presentations tab of Microvast’s investor relations website at https://ir.microvast.com .
- Microvast management may incorporate responses to a selection of frequently asked questions during the webcast.
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Microvast Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, is excited to announce the promotion and appointment of Zach Ward as the new President of the organization.
Key Points:
- Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, is excited to announce the promotion and appointment of Zach Ward as the new President of the organization.
- This leadership move marks a significant milestone in the company's journey toward continued expansion in the United States.
- View the full release here: https://www.businesswire.com/news/home/20230808978223/en/
“Since joining Microvast as the President of Microvast’s Energy Division, Ward has been instrumental in the growth of Microvast,” said Yang Wu, Microvast’s Founder, Chairman and Chief Executive Officer.
- “I am truly honored to be part of the leadership team guiding Microvast at this exciting juncture in the company’s journey,” shared Zach Ward, Microvast’s new President.
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Bank 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 second quarter ended June 30, 2023 (“Q2 2023”).
Key Points:
- 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 second quarter ended June 30, 2023 (“Q2 2023”).
- “In the second quarter, we delivered strong year-over-year revenue growth, led by the continued production ramp up of our commercial vehicle customers in Europe and Asia Pacific.” said Yang Wu, Microvast’s Founder, Chairman, President and Chief Executive Officer.
- “We are incredibly pleased to have begun shipping qualified 53.5Ah cells from our 2GWh Huzhou, China facility during the second quarter.
- The live webcast and accompanying slide presentation will be accessible from the Events & Presentations section of Microvast’s investor relations website ( https://ir.microvast.com/events-presentations/events ).
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Online shopping Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced that Yang Wu, Chief Executive Officer, Chairman and President, and Craig Webster, Chief Financial Officer, will participate in a virtual fireside chat at the Oppenheimer 26th Annual Technology, Internet & Communications Conference on Tuesday, August 8th, 2023 at 8:05 a.m. CT (9:05 a.m.
Key Points:
- Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced that Yang Wu, Chief Executive Officer, Chairman and President, and Craig Webster, Chief Financial Officer, will participate in a virtual fireside chat at the Oppenheimer 26th Annual Technology, Internet & Communications Conference on Tuesday, August 8th, 2023 at 8:05 a.m. CT (9:05 a.m.
- ET).
- A live webcast, as well as a replay, of the presentation will be available on the company’s investor relations website at https://ir.microvast.com/ .
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Event Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the second quarter of 2023 after market close on Monday, August 7, 2023.
Key Points:
- Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, will issue a press release reporting its consolidated financial results for the second quarter of 2023 after market close on Monday, August 7, 2023.
- Following the earnings press release, Microvast management will host a webcast and earnings conference call at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss the business results and outlook.
- The webcast will be accessible from the Events & Presentations tab of Microvast’s investor relations website at https://ir.microvast.com .
- Microvast management may incorporate responses to a selection of frequently asked questions during the webcast.
