Results for Q1 2025 Exhibit 99.1 Microvast Reports First Quarter 2025 Financial Results STAFFORD, Texas, USA — Microvast Holdings, Inc. (NASDAQ:MVST) ("Microvast" or the "Company"), a global leader in advanced battery technologies, announced today its unaudited condensed consolidated financial results for the first quarter ended March 31, 2025 ("Q1 2025"). "Building on our strong momentum from 2024, Microvast delivered exceptional first quarter results, achieving record Q1 revenue of $116.5 million, a signi ...

Microvast Holdings, Inc. (MVST) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on May 12, 2025, might help the stock move higher if these key numbers are bett ...

STAFFORD, Texas, April 30, 2025 (GLOBE NEWSWIRE) -- Microvast Holdings, Inc. (NASDAQ: MVST), (“Microvast” or the “Company”), a global leader in advanced battery technologies, will issue a press release reporting its consolidated financial results for the first quarter of 2025 after market close on Monday, May 12, 2025. Following the earnings press release, Microvast management will host a webcast and earnings conference call at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss the business results ...

Core Insights - Microvast Holdings, Inc. has appointed Carl T "Pat" Schultz as the new Chief Financial Officer, bringing over 20 years of financial leadership experience to the company [1][2][4] Company Overview - Microvast is a global leader in advanced battery technologies, focusing on electric vehicles and energy storage solutions, with a legacy of over 18 years [5] - The company has more than 775 patents that support solutions for electrification needs [5] Leadership Experience - Mr. Schultz previously served as Chief Financial Officer of North America at Air Liquide for 10 years and held various roles at Genworth Financial for 8 years [3] - His career began as an audit associate at KPMG [3] Educational Background - Mr. Schultz holds an MBA from the Fuqua School of Business at Duke University, a Master's in Professional Accounting from the University of Texas, and a Bachelor's in Accounting and Finance from Trinity University [4] - He is a Certified Public Accountant in North Carolina and Texas [4] Strategic Importance - The appointment of Mr. Schultz is expected to drive growth, optimize operations, and ensure financial transparency for Microvast [2][4]

STAFFORD, Texas, April 08, 2025 (GLOBE NEWSWIRE) -- Microvast Holdings, Inc. (NASDAQ:MVST) ("Microvast" or the "Company"), a global leader in advanced battery technologies, announced today a collaboration with Tonly Heavy Industries to deploy their TLH135 extended-range hybrid mining trucks equipped with Microvast's high-power battery systems at a mine in Inner Mongolia. This deployment marks a significant step towards establishing a new eco-friendly mining ecosystem. The Tonly TLH135 hybrid mining trucks, ...

Group 1 - The focus has shifted towards offshore drilling, supply industry, and shipping, including tankers, containers, and dry bulk [1] - The fuel cell industry is being monitored as it is still in its early stages of development [1] Group 2 - The individual has extensive experience in auditing and trading, having navigated significant market events such as the dotcom bubble and the subprime crisis [2] - The research provided aims to maintain high quality despite language barriers [2]

This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about our future results of operations and financial position, our operational performance, our anticipated growth and business strategy, our future capital expenditures and debt service obligations, the projected costs, prospects and plans and objectives of management for future operations, including regarding expect ...

Financial Data and Key Metrics Changes - The company achieved record annual revenue of $380 million, a 24% increase year-over-year, with fourth quarter revenue reaching $113.4 million, reflecting a strong growth margin of 36.6% [11][28] - Gross profit for Q4 2024 was $41.5 million, an 80% improvement from $23 million in Q4 2023, resulting in a gross margin of 36.6%, up from 22% in the prior year [28][29] - The adjusted EBITDA for Q4 2024 was $8.6 million, compared to a negative $2.6 million in the prior year period, indicating effective strategic execution [35] Business Line Data and Key Metrics Changes - The company reported a significant increase in backlog, growing to $401.3 million, driven by regional demand for technology [19] - The ME6 energy storage system and advancements in silicon-based cell technologies were highlighted as key product innovations [10][18] Market Data and Key Metrics Changes - In the EMEA region, revenue grew by 123% year-over-year to $187.7 million, accounting for nearly half of total revenue [37] - The U.S. market saw a 360% increase in revenue, rising from $3.1 million in 2023 to $14.4 million in 2024, reflecting early adoption by commercial vehicle OEMs [38] - Revenue in the Asia Pacific region declined by 19% year-over-year, from $219.1 million in 2023 to $177.7 million in 2024, due to strategic repositioning away from low-margin segments [39] Company Strategy and Development Direction - The company is focused on improving efficiency and profitability, with a goal of becoming cash flow positive and maintaining strong gross margins while expanding to meet customer demand [15][44] - The Huzhou State 3.2% expansion project is expected to add up to 2 gigawatt hours of production capacity, anticipated to come online in Q1 2025 [16][45] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to continue as a going concern, citing improved operating results and stronger cash positioning [36] - The revenue guidance for 2025 is projected to increase by 18% to 25%, with a target range of $450 million to $475 million [44][46] Other Important Information - The company faced challenges in 2024, including a difficult financing environment and supply constraints, but responded with strategic cost control and operational adjustments [22][48] - The company has made substantial strides in technology innovation, including the unveiling of the ME6 Energy Storage System and advancements in battery technologies [48] Q&A Session Summary Question: What are the expectations for revenue growth in 2025? - The company expects revenue to increase by 18% to 25% year-over-year, with a target range of $450 million to $475 million [44] Question: How is the company addressing challenges in the APAC region? - The company is strategically repositioning away from low-margin segments in China and India, focusing on more profitable opportunities [39] Question: What is the outlook for the EMEA market? - The EMEA market is expected to continue driving significant revenue increases year-over-year, supported by strong commercial traction [46]

STAFFORD, Texas, March 31, 2025 (GLOBE NEWSWIRE) -- Microvast Holdings, Inc. (NASDAQ:MVST) ("Microvast" or the "Company"), a global leader in advanced battery technologies, announced today its consolidated financial results for the fourth quarter and full fiscal year ended December 31, 2024 ("Q4 2024" and "FY 2024," respectively). "We achieved record quarterly revenue in the fourth quarter of 2024, beating revenue guidance. This brings our full year revenue growth to 23.9% and we delivered these revenues at ...

Microvast Holdings, Inc. (MVST) Q4 2024 Earnings Conference Call March 31, 2025 05:00 PM ET Company Participants Conference Operator - OperatorInvestor Relations Representative - Investor RelationsYang Wu - Founder, Chairman, and CEOFaryal Kambabi - CFO Conference Operator Thank you for standing by. This is the conference operator. Welcome to MicroVAS fourth quarter and full year 2024 earnings call. As a reminder, all participants are in a listen-only mode and the conference is being recorded. I would now l ...