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Companies / Technology / Microvast Holdings, Inc.
MVST

Microvast Holdings, Inc.

TechnologyElectronic Equipment
Ticker MVSTSTAFFORD, TXFiscal year ends DecemberBook value per share $1.42Diluted shares 382.9M

Microvast Holdings, Inc. (NASDAQ: MVST) is a global leader in advanced specialized battery technologies headquartered in Stafford, Texas. Founded in 2006, the company designs, develops, and manufactures high-performance lithium-ion battery solutions primarily for electric commercial vehicles and energy storage… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$427.52M
+12.6% year over year
Last 12 mo $367.56M
1.63%
+32.2 percentage points
Last 12 mo -10.29%
$-29.22M
+85.1% year over year
Last 12 mo $51.27M
-5.95%
+20.4 percentage points
Last 12 mo 9.44%
Cash & financing
$75.91M
+2597.5% year over year
Last 12 mo $-1.72M
$56.07M
+325.1% year over year
Last 12 mo $-30.52M
0.79
Was 0.69× a year earlier
Last 12 mo 0.25
324.7M
+2.0% year over year
Last 12 mo 382.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Microvast Holdings, Inc. does

In the company’s own words

Microvast Holdings, Inc. (NASDAQ: MVST) is a global leader in advanced specialized battery technologies headquartered in Stafford, Texas. Founded in 2006, the company designs, develops, and manufactures high-performance lithium-ion battery solutions primarily for electric commercial vehicles and energy storage systems. The company's website is www.microvast.com.

Microvast operates a vertically integrated business model spanning the entire battery system, including core cell materials such as cathode, anode, electrolyte, and separator, as well as cells, modules, packs, thermal management systems, and intelligent battery management systems. This end-to-end expertise enables the company to deliver ultra-fast charging capabilities, high energy density, extended cycle life, and enhanced safety features critical for commercial transportation and grid infrastructure applications.

The company's product portfolio includes battery solutions for light, medium, and heavy-duty trucks, buses, trains, mining equipment, port vehicles, and automated guided vehicles. In the energy storage segment, Microvast develops systems to support grid resiliency and capacity, particularly as electricity demand grows from artificial intelligence, data centers, and high-performance computing. The company also manufactures and markets individual battery components to other manufacturers, leveraging proprietary technologies including polyaramid separators, full concentration gradient cathodes, and lithium titanate oxide anodes.

As of December 31, 2025, Microvast employed 1,908 full-time employees and 266 independent contractors across global operations. The company maintains manufacturing capacity of approximately 3.5 gigawatt-hours annually, with primary production at its Huzhou, China facility. Additional manufacturing operations include a 170,000-square-foot facility near Berlin, Germany, and a facility in Clarksville, Tennessee that provides warehousing, logistics, and servicing while undergoing expansion. The company's order backlog totaled approximately $196.1 million as of year-end 2025. Microvast's top five customers accounted for 58.4 percent of 2025 revenue, reflecting the concentrated nature of the commercial vehicle and energy storage markets it serves.

Company details
Sector
Technology
Industry
Electronic Equipment
Headquarters
STAFFORD, TX
Fiscal year end
December
CIK
1760689
SIC
3690

Financial performance, year by year

Fiscal 2019–2025 · USD
$-269.88M$-79.68M$110.52M$300.72M$490.92M2019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Microvast Holdings, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

153
funds hold it
0 of 35
superinvestors hold it
$47.34M
held by funds, at market
9.0%
of shares held by funds

Largest fund holders · Microvast Holdings, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
0.01%of fund net assets
0.11%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Microvast Holdings, Inc. and its peers compare on margins and cash generation over ten years?”
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