Microvast Holdings, Inc. Confirms Revenue Guidance for the Fiscal Year Ended December 31, 2021
February 01, 2022 at 08:00 am EST
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Microvast Holdings, Inc. confirmed that its revenue performance for the fiscal year ended December 31, 2021 will be within the previously announced guidance of $145 million to $155 million. This represents 42% growth compared to $108 million for the fiscal year ended December 30, 2020.
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. 
