Microvast Holdings, Inc. Provides Earnings Guidance for the Second Quarter 2023
May 09, 2023
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Microvast Holdings, Inc. provided earnings guidance for the second quarter 2023. For the second quarter, the company expects the revenue to be in the range of $63 million to $67 million, up slightly from second quarter a year ago at the midpoint, driven by the continued ramp-up of European commercial vehicle projects as well as orders from customers in Asia Pacific.
Microvast Holdings, Inc. is an advanced battery technology company. It designs, develops and manufactures battery components and systems for electric commercial vehicles and utility-scale energy storage systems (ESS). It has developed proprietary technologies spanning the entire battery system, from basic cell materials (cathode, anode, electrolyte, separator) to cooling systems and software controls. It develops and commercializes a range of cell chemistries, including lithium titanate oxide (LTO), lithium iron phosphate (LFP), nickel manganese cobalt version 1 (NMC-1) and nickel manganese cobalt version 2 (NMC-2). It designs, develops and manufactures battery solutions for electric commercial vehicles, such as light, medium and heavy-duty trucks, buses, trains, mining trucks, marine and port vehicles, automated guided and specialty vehicles. Its products are marketed and sold through three regions: Europe, Middle East and Africa; North and South America, and Asia & Pacific.
MICROVAST HOLDINGS, INC. 
