24/7 Market News Snapshot 31 March, 2025 – Microvast Holdings, Inc. Common Stock (NASDAQ:MVST)

March 31, 2025

DENVER, Colo., 31 March, 2025 (247marketnews.com) – (NASDAQ:MVST) are discussed in this article.
Microvast Holdings, Inc. (MVST) has experienced significant market momentum recently, with shares surging to a high of $1.494, reflecting a remarkable increase of approximately 29.91%. This noteworthy rally follows an impressive trading session where the company recorded a substantial volume of 7.59 million shares exchanged, indicating strong investor interest and confidence in MVST’s future prospects.

The company further solidified its market position with the announcement of its financial results for the fourth quarter and full fiscal year ended December 31, 2024. Microvast reported a year-over-year revenue growth of 23.9%, amounting to $379.8 million. The fourth quarter alone generated $113.4 million in revenue, marking an 8.4% increase compared to the same period last year. Importantly, the company demonstrated a significant improvement in gross margins, rising to 31.5% for the fiscal year and 36.6% in the fourth quarter—up from 18.7% in the previous year—reflecting enhanced operational efficiencies and robust demand for its advanced battery technologies.

Yang Wu, Founder and CEO of Microvast, expressed confidence in the company’s trajectory, highlighting that the record quarterly results not only exceeded projections but also showcased positive growth, especially in the EMEA region. The company’s initiative to expand production capacity through its Phase 3.2 expansion in the APAC region is projected to enhance operations by late 2025, responding to rising demand for electric vehicle technologies.

With a strong backlog amounting to $401.3 million and an adjusted EBITDA of $8.6 million in Q4, Microvast is well-positioned for future growth. The company anticipates revenues between $450 million and $475 million for 2025, reflecting an expected growth rate of 18% to 25%. Through strategic investments and a focus on sustainable profitability, Microvast is poised to consolidate its leadership in the electrification of commercial vehicle markets while driving towards a cleaner energy future.

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