Microvast Holdings, Inc. MVST

What this company does

Microvast Holdings, Inc. specializes in the design, development, and manufacturing of battery components and systems primarily for electric commercial vehicles and energy storage systems. As of December 31, 2025, its annual manufacturing capacity totaled approximately 3.5 GWh of cell, module and pack capacity, all originating from its facility in Huzhou, China. It has a 170,000-square-foot manufacturing facility near Berlin, Germany, which has been used primarily for module production since 2021. Its Clarksville site serves as its main hub of operations in the U.S., providing warehousing, logistics and servicing to customers. As of December 31, 2025, Microvast employed 1,908 full-time employees and 266 independent contractors. In 2025, its top five customers accounted for 58.4% of its revenue. Microvast, Inc. was initially incorporated in Texas in 2006, then re-incorporated as a Delaware corporation in December 2015. On July 23, 2021, Tuscan Holdings Corp. completed its business combination with Microvast, Inc., and the combined company changed its name from Tuscan to "Microvast Holdings, Inc."

Written from the business description in Microvast Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 16 March 2026. Every sentence was checked against that document before publication.