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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