INVESTOR ALERT: Securities Class Action Filed Against Microvast Holdings, Inc. – Investors Encouraged to Contact Kirby McInerney LLP

NEW YORK--( BUSINESS WIRE)--The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed on behalf of investors who acquired Microvast Holdings, Inc. (“Microvast” or the “Company”) (NASDAQ: MVST) common stock between April 1, 2025 and March 16, 2026, inclusive (“the Class Period”).

If you suffered a loss on your Microvast investments, you have until September 21, 2026 to request lead plaintiff appointment. Courts do not consider lead plaintiff applications submitted after this deadline. If you choose to take no action, you may remain an absent class member. For more information about the lawsuit:

[ CONTACT THE FIRM IF YOU SUFFERED A LOSS]

What Is This Lawsuit About? The lawsuit alleges that Microvast made false and/or misleading statements and/or failed to disclose that: (i) due to, inter alia, inventory management issues and delays in commercial vehicle rollouts by Microvast’s customers, the Company had overstated its ability to reach its margin targets; and (ii) the Company had overstated its ability to complete the expansion of manufacturing facility located in Huzhou, China and increase its production capacity before the end of 2025.

Then, on August 1, 2025, Microvast announced the departure of its Chief Financial Officer, Carl T. Schultz, three months after he joined the Company. On this news, Microvast’s stock price fell $0.30 per share, or almost 10%, to close at $2.72 per share on August 4, 2025.

Then, on November 10, 2025, Microvast issued a press release reporting its financial and operating results for the quarter ended September 30, 2025, in which it revealed that production following the Huzhou Phase 3.2 expansion would not begin until Q1 2026 after having previously advised investors that the additional capacity associated with the expansion would be online by Q4 2025. On this news, Microvast’s stock price fell $0.50 per share, or approximately 10%, to close at $4.48 per share on November 11, 2025.

Finally, on March 16, 2026, Microvast issued a press release reporting its financial and operating results for the quarter and year ended December 31, 2025. Microvast reported that gross margin declined to approximately 1% for the quarter, down from approximately 36% for the same period in the prior year, which the Company attributed to inventory impairment charges arising from “specialized ESS components”. Microvast also reported revenue of $96.5 million for the quarter, representing a 15% year-over-year decrease and falling well short of the consensus estimate of $136.4 million. Microvast attributed this result to “regulatory shifts in South Korea and delays in customer platform ramp-up” in Europe, the Middle East, and Africa. On this news, Microvast’s stock price fell $0.79 per share, or over 34%, to close at $1.52 per share on March 17, 2026.

[ LEARN MORE ABOUT THE LAWSUIT]

The Lead Plaintiff Appointment Process. The federal securities laws permit any investor who acquired eligible securities during the class period to seek appointment as lead plaintiff in a class action lawsuit. Learn more about the lead plaintiff process and eligibility requirements here. Courts typically appoint the investor(s) with the largest financial loss in the case and the ability to represent the class rather than investors with simply the largest investment portfolio. Courts regularly appoint individual investors, whether acting alone or as a group, as lead plaintiffs. The rights of any investor who bought shares during the class period are generally already protected. However, lead plaintiffs have the power to influence case strategy and have a say in settlement decisions, as well as decisions concerning allocation of settlement funds among class members.

[ LEARN MORE ABOUT THE LEAD PLAINTIFF PROCESS]

What Should I Do? If you purchased or otherwise acquired Microvast securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

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