Microvast (MVST)
Makes lithium-ion battery cells and packs for commercial vehicles and utility-scale energy storage.
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Sells lithium-ion battery cells, modules, and packs to commercial-vehicle OEMs and utility-scale energy-storage customers, using in-house-produced battery materials. Runs a dual-continent model — incorporated in the United States, with primary cell production based in Huzhou, China, and Europe now its largest revenue region.
Designs and manufactures lithium-ion battery cells, modules, and packs for commercial vehicles — buses, trucks, mining and port vehicles — and utility-scale energy storage systems, with cell chemistries spanning lithium titanate, nickel-manganese-cobalt, and lithium iron phosphate.
Cell and pack production is concentrated in Huzhou, China, with module assembly in Ludwigsfelde, Germany, and a Clarksville, Tennessee site under intermittent build-out. Customers span European bus and truck makers, Chinese heavy-machinery OEMs, and an Indian bus maker; Europe is now the largest revenue region.
Incorporated in the United States but dependent on a Chinese subsidiary for nearly all cell output, the company drew congressional scrutiny, lost a federal grant in 2023, and was targeted by a short-seller report. Its latest annual filing discloses substantial doubt about its ability to continue as a going concern, with debt maturing within the year.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $143.1M · Total debt $193.0M · Total assets $952.2M · Shareholders' equity $543.1M
- Revenue
- $87.3M
- Operating income
- −$1.7M
- Net income
- −$12.0M
No dividends on record.
| Institutions | 25.32% | 84.35M shares | |
|---|---|---|---|
| 164 holders · as of Jun 30, 2026 | |||
| Insiders | 70.50% | 234.88M shares | |
| 12 holders · as of Jun 12, 2026 | |||
| Strategic holders | 23.19% | 77.25M shares | |
| 3 holders · as of Feb 13, 2026 | |||
| Adds to | 119.01% | ||
333.16M company shares as of Sep 12, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (384.53M in the company's Sep 22, 2026 report, 333.16M elsewhere); stakes use the report.
These groups come from separate filings that can overlap, so they add to 119.01%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Yang WuInsiderdirector, 10 percent owner, officer: Chief Executive Officer | 65.77% | 134.07M · 85.04M | filed Jun 12, 2026 |
CDH Griffin Holdings Company LimitedStrategic | 11.13% | 37.07M | filed Feb 13, 2026 |
Ashmore Group plcStrategic | 7.05% | 23.50M | filed Aug 2, 2021 |
BlackRock, Inc.Strategic | 5.00% | 16.67M | filed Feb 2, 2024 |
BlackRock, Inc.Institution | 4.96% | 16.54M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 9, 2026 | Yang Wu | director, 10 percent owner, officer: Chief Executive Officer | −46,313 | $1.24 |
| Jun 10, 2026 | Wenjuan Mattis | officer: Chief Technology Officer | −4,705 | $1.10 |
| Jun 9, 2026 | Isida Tushe | director, officer: Pres., Gen. Couns. & Corp. Sec | −6,403 | $1.24 |
| May 18, 2026 | Wenjuan Mattis | officer: Chief Technology Officer | −48,346 | $1.32 |
| Nov 25, 2025 | Rodney Worthen | officer: Chief Financial Officer | −2,671 | $3.48 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Microvast | $0.6669 | +2.25% | $217.3M | — | 6.7 | 0.6 | −4.5% |
| Fluence Energy | $7.17 | −2.98% | $1.36B | — | — | 0.5 | +7.9% |
| Median | — | — | 0.5 | +7.9% |