Can MVST's Dive Into Electric Boats Create Waves in Its Top Line?

Key Takeaways MVST partners with Evoy to enter the electric boat market, targeting marine electrification growth. The MV-I battery, offering 180 Wh/kg energy density, will power Evoy's leisure boat line. MVST's 2024 revenues rose 23.9%, driven by a 41.6% increase in battery sales volume.Microvast Holdings (MVST) diversifies into the electric boat market, partnering with Evoy. This has positioned the company to tap into a burgeoning yet nascent market, enabling MVST to hop into the transportation electrifi ...