Microvast (MVST) - 2024 Q3 - Quarterly Results

Exhibit 99.1 Microvast Reports Third Quarter 2024 Financial Results • Record company Q3 revenue, increased 26.6% year over year to $101.4 million • Gross margin increased from 22.3% to 33.2%, a 10.9 percentage point improvement year over year STAFFORD, Texas, USA, November 12, 2024 — Microvast Holdings, Inc. (NASDAQ: MVST) ("Microvast" or the "Company"), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced unaudited condensed consolidated financial re ...