• Microvast Holdings Inc. posted Q1 2026 revenue of $60.6 million, down 48%.
• Net profit fell to $48.2 million, with EPS at $0.15.
• Gross margin narrowed 5.3 percentage points to 31.6%, while operating expenses declined to $27.1 million.
• Cash, cash equivalents and restricted cash rose to $174 million, and capital expenditures eased to $4.2 million.
• Management pointed to the launch of 290Ah cell-based battery packs, targeting serial production at Huzhou Phase 3.2 expansion in 2026, and expects localized pack assembly at Clarksville with first assemblies by year-end.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Microvast Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-033601), on May 11, 2026, and is solely responsible for the information contained therein.