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Home News Microvast Reports Third Quarter 2024 Financial Results

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Microvast Reports Third Quarter 2024 Financial Results

STAFFORD, Texas--(BUSINESS WIRE)--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, 2024 (“Q3 2024”). Results for Q3 2024 Revenue of $101.4 million, compared to $80.1 million in Q3 2023, an increase of 26.6% Gross margin increased to 33.2% from gross margin of 22.3% in Q3 2...

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