Microvast (MVST) - 2023 Q4 - Earnings Call Transcript
Microvast (MVST)2024-04-02 00:21Turning to Slide 8, we will go over some updates around our EMEA operations. We saw electrifying growth in 2023, with the regional revenues up more than 434% year-over-year. We have localized the production of our [VBA] modules and anticipated customer demand will lead to increasing volumes. We also expect additional revenue growth in the region of 2024. Operating expenses were $46 million in Q4 2023, compared to $37.3 million in Q4 2022. The largest contributor to the increase in operating expenses was the ...