Microvast Holdings, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2023
August 07, 2023 at 04:10 pm EDT
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Microvast Holdings, Inc. provided earnings guidance for the third quarter and full year 2023. For the quarter, Company expects revenue to be in the range of $72 million to $80 million.
For the full year, Company expects revenue to be in the range of 348 million to $368 million.
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. 
