Microvast reports second 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 second quarter ended june 30, 2024 (“q2 2024”). results for q2 2024 revenue of $83.7 million, compared to $75.0 million in q2 2023, an increase of 11.6% gross margin increased to 32.5% from gross margin of 15.3% in q2 2023;.
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