Microvast Slips on 1Q Revenue Hit

Dow Jones05-12 06:59

By Katherine Hamilton

Shares of Microvast fell after the maker of lithium battery parts said regional headwinds weighed on first-quarter revenue.

The stock slid 40%, to $1.21, in after-hours trading Monday. Through the close, shares were down 28% since the start of the year.

The company said quarterly revenue took a hit from delivery timing and regional headwinds in the Asia Pacific region. Sales fell 48%, to $60.6 million.

There were evolving regulatory and geopolitical dynamics in India and Korea, and demand in India shifted toward lower-cost products, Microvast said.

Adjusted earnings per share fell to 4 cents, from 6 cents the year before.

Microvast said it is continuing to navigate evolving tariff structures and shifting geopolitical dynamics. It anticipates a recovery in delivery schedules through the rest of the year.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

May 11, 2026 18:59 ET (22:59 GMT)

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