Microvast Holdings, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year of 2023
November 09, 2023 at 09:05 pm
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Microvast Holdings, Inc. provided revenue guidance for the fourth quarter and full year of 2023. For the quarter, the company expects revenue to be in the range of $90 million to $100 million.
For the full year, the company expects revenue to be in the range of $292 million to $302 million, compared to $204 million in revenue for full year 2022.
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. 
