New York, New York--(Newsfile Corp. - July 24, 2026) - Kaplan Fox &amp; Kilsheimer LLP announces that a class action lawsuit has been filed against Microvast Holdings, Inc. (&#34;Microvast&#34; or the &#34;Company&#34;)

<p>New York, New York--(Newsfile Corp. - July 24, 2026) - <a href="https://api.newsfilecorp.com/redirect/1KA0OCQzqL">Kaplan Fox &#38; Kilsheimer LLP</a> announces that a class action lawsuit has been filed against Microvast Holdings, Inc. ("Microvast" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MVST">MVST</a>) on behalf of investors that purchased or otherwise acquired Microvast securities between April 1, 2025 and March 16, 2026 (the "Class Period").</p><p style="text-align: center;"><a href="https://api.newsfilecorp.com/redirect/A8J40SXmnO">CLICK HERE TO JOIN THE CASE</a></p><p><b>If you are an investor in Microvast and have suffered losses, you may </b><a href="https://api.newsfilecorp.com/redirect/ZE38zupoQe"><b>CLICK HERE</b></a><b> to contact us. You may also contact Kaplan Fox by emailing </b><a href="mailto:pmayer@kaplanfox.com"><b>pmayer@kaplanfox.com</b></a><b> or by calling (646) 315-9003.</b></p><p><b>DEADLINE REMINDER: </b>If you are a member of the proposed Class, you may move the court <u><b>no later than September 21, 2026</b></u> to serve as a lead plaintiff for the purported class.  If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.</p><p>According to the complaint, at the outset of the Class Period, Microvast announced the expansion of its manufacturing facility located in Huzhou, China, dubbing the initiative "Huzhou Phase 3.2", claiming that its increased production capacity would be online before the end of 2025. The complaint also alleges defendants likewise advised investors to expect improved margins, touting a supposed "strategic repositioning away from low-margin segments" and a new "focus . . . towards more profitable, higher-value opportunities."  Further, the complaint alleges that defendants made false and misleading statements and failed to disclose that (i) due to, <i>inter alia</i>, inventory management issues and delays in commercial vehicle rollouts by Microvast's customers, Defendants had overstated Microvast's ability to reach its margin targets, and (ii) Defendants overstated Microvast's ability to complete the Huzhou Phase 3.2 expansion by the end of 2025.</p><p>Through a series of disclosures the truth was allegedly disclosed starting on June 25, 2025 with the publication of a <i>Grizzly Research</i> report alleging that Microvast "is fabricating a significant part of its business and capabilities," including by overstating the level of activity at its production facilities, including the Huzhou facility, and likewise overstating the prospective economic opportunities from its commercial partnerships.</p><p>Microvast's final disclosure allegedly occurred, on March 16, 2026 when Microvast issued a press release reporting its financial and operating results for the quarter and year ended December 31, 2025. According to the complaint, Microvast reported that gross margin declined to approximately 1% for the quarter, down sharply from approximately 36% for the same period in the prior year, which the Company attributed to inventory impairment charges arising from "specialized ESS components." Additionally, according to the complaint, the Company reported revenue of $96.5 million for the quarter, representing a 15% year-over-year decrease, attributing this result to "regulatory shifts in South Korea and delays in customer platform ramp-up" in Europe, the Middle East, and Africa.</p><p><b>WHY CONTACT KAPLAN FOX?</b></p><p>Kaplan Fox &#38; Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.</p><p>Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in <i>In re Bank of America</i>&#8212;the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act&#8212;$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in <i>ATRS v. Allianz Global Investors</i>, and a $475 million settlement in <i>In re Merrill Lynch</i>.</p><p>For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.</p><p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.</p><p>If you have any questions about this Notice, your rights, or your interests, please contact:</p><div id="contactInfo"><p><b>CONTACT:</b><br />Pamela A. Mayer<br /><a href="https://api.newsfilecorp.com/redirect/an5zmt1Vrn">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />800 Third Avenue, 38th Floor<br />New York, New York 10022<br />(646) 315-9003<br /><a href="mailto:pmayer@kaplanfox.com">pmayer@kaplanfox.com</a></p><p>Laurence D. King<br /><a href="https://api.newsfilecorp.com/redirect/24A0Rf5EbR">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />1999 Harrison Street, Suite 1501<br />Oakland, California 94612<br />(415) 772-4704<br /><a href="mailto:lking@kaplanfox.com">lking@kaplanfox.com</a></p></div><p>Contacting or submitting information to Kaplan Fox &#38; Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.</p><p><a href="https://api.newsfilecorp.com/redirect/MqgKvHMQ8G">https://www.kaplanfox.com/case/microvast-holdings-inc-class-action-alert-learn-more-now/</a></p><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/12532/306388_0bdb4bd024b97b86_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/bgL4ktaVXg">https://www.newsfilecorp.com/release/306388</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/306388/197" alt="" /></p>

MVST

Kaplan Fox Encourages Investors of Microvast Holdings, Inc. (MVST) Who Suffered Losses to Contact the Firm Before September 21, 2026

MVST Class Action Alleges Misstatements with Potential Near-Term Valuation Pressure

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>New York, New York--(Newsfile Corp. - July 24, 2026) - Kaplan Fox &amp;amp; Kilsheimer LLP announces that a class action lawsuit has been filed against Microvast Holdings, Inc. (&amp;#34;Microvast&amp;#34; or the &amp;#34;Company&amp;#34;)</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Kaplan Fox filed a securities class action against Microvast (MVST) alleging inflated margins and overstated expansion timelines for the Huzhou Phase 3.2 facility. The complaint cites a Grizzly Research report and Microvast&#039;s March 16, 2026 disclosure of a 1% gross margin and $96.5 million in revenue for the quarter ended December 31, 2025, amid ramp delays.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Kaplan Fox files class-action against MVST for alleged misstatements.</li><li>Class period: Apr 1, 2025–Mar 16, 2026; lead plaintiff deadline Sept 21, 2026.</li><li>Allegations include overstated margins and Huzhou Phase 3.2 completion by 2025.</li><li>Disclosures began June 25, 2025 after Grizzly Research alleging fabrication.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Microvast Holdings, Inc. (MVST)</strong>: Subject of the class action alleging inflated margins and misstatements; litigation risk could affect valuation.</li><li><strong>Grizzly Research</strong>: Source cited for alleged fabrication; could amplify investor skepticism and defensive positioning.</li><li><strong>Kaplan Fox &amp; Kilsheimer LLP</strong>: Plaintiff law firm filing; signals potential procedural risk but not a stock-specific incumbent.</li></ul>
  </section>

  <section data-block="category">
    <h3>Legal</h3>
    <p>Category: Legal. Fits as a securities class-action report with potential market implications if credible liabilities arise; primarily affects sentiment and perceived risk rather than immediate cash-flow data.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Law-firm litigation filing could spark short-term price moves.</li><li>Huzhou Phase 3.2 timing and margin concerns cited by plaintiffs.</li><li>Q4 2025 margin weakness (1% vs 36% prior) may weigh sentiment.</li><li>Lead-plaintiff deadline Sept 21, 2026 could drive nearby volatility.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Class Period: April 1, 2025 – March 16, 2026.</li><li>Lead plaintiff deadline: September 21, 2026.</li><li>Q4 2025 gross margin: approximately 1% (down from ~36%).</li><li>Q4 2025 revenue: $96.5 million, down 15% YoY.</li><li>Alleged earlier disclosures: Grizzly Research report on June 25, 2025.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>MVST may see near-term volatility on litigation risk; monitor for material liability signals.</p>
  </section>
</section>


<p>New York, New York--(Newsfile Corp. - July 24, 2026) - <a href="https://api.newsfilecorp.com/redirect/1KA0OCQzqL">Kaplan Fox &#38; Kilsheimer LLP</a> announces that a class action lawsuit has been filed against Microvast Holdings, Inc. ("Microvast" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MVST">MVST</a>) on behalf of investors that purchased or otherwise acquired Microvast securities between April 1, 2025 and March 16, 2026 (the "Class Period").</p><p style="text-align: center;"><a href="https://api.newsfilecorp.com/redirect/A8J40SXmnO">CLICK HERE TO JOIN THE CASE</a></p><p><b>If you are an investor in Microvast and have suffered losses, you may </b><a href="https://api.newsfilecorp.com/redirect/ZE38zupoQe"><b>CLICK HERE</b></a><b> to contact us. You may also contact Kaplan Fox by emailing </b><a href="mailto:pmayer@kaplanfox.com"><b>pmayer@kaplanfox.com</b></a><b> or by calling (646) 315-9003.</b></p><p><b>DEADLINE REMINDER: </b>If you are a member of the proposed Class, you may move the court <u><b>no later than September 21, 2026</b></u> to serve as a lead plaintiff for the purported class.  If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.</p><p>According to the complaint, at the outset of the Class Period, Microvast announced the expansion of its manufacturing facility located in Huzhou, China, dubbing the initiative "Huzhou Phase 3.2", claiming that its increased production capacity would be online before the end of 2025. The complaint also alleges defendants likewise advised investors to expect improved margins, touting a supposed "strategic repositioning away from low-margin segments" and a new "focus . . . towards more profitable, higher-value opportunities."  Further, the complaint alleges that defendants made false and misleading statements and failed to disclose that (i) due to, <i>inter alia</i>, inventory management issues and delays in commercial vehicle rollouts by Microvast's customers, Defendants had overstated Microvast's ability to reach its margin targets, and (ii) Defendants overstated Microvast's ability to complete the Huzhou Phase 3.2 expansion by the end of 2025.</p><p>Through a series of disclosures the truth was allegedly disclosed starting on June 25, 2025 with the publication of a <i>Grizzly Research</i> report alleging that Microvast "is fabricating a significant part of its business and capabilities," including by overstating the level of activity at its production facilities, including the Huzhou facility, and likewise overstating the prospective economic opportunities from its commercial partnerships.</p><p>Microvast's final disclosure allegedly occurred, on March 16, 2026 when Microvast issued a press release reporting its financial and operating results for the quarter and year ended December 31, 2025. According to the complaint, Microvast reported that gross margin declined to approximately 1% for the quarter, down sharply from approximately 36% for the same period in the prior year, which the Company attributed to inventory impairment charges arising from "specialized ESS components." Additionally, according to the complaint, the Company reported revenue of $96.5 million for the quarter, representing a 15% year-over-year decrease, attributing this result to "regulatory shifts in South Korea and delays in customer platform ramp-up" in Europe, the Middle East, and Africa.</p><p><b>WHY CONTACT KAPLAN FOX?</b></p><p>Kaplan Fox &#38; Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.</p><p>Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in <i>In re Bank of America</i>&#8212;the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act&#8212;$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in <i>ATRS v. Allianz Global Investors</i>, and a $475 million settlement in <i>In re Merrill Lynch</i>.</p><p>For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.</p><p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.</p><p>If you have any questions about this Notice, your rights, or your interests, please contact:</p><div id="contactInfo"><p><b>CONTACT:</b><br />Pamela A. Mayer<br /><a href="https://api.newsfilecorp.com/redirect/an5zmt1Vrn">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />800 Third Avenue, 38th Floor<br />New York, New York 10022<br />(646) 315-9003<br /><a href="mailto:pmayer@kaplanfox.com">pmayer@kaplanfox.com</a></p><p>Laurence D. King<br /><a href="https://api.newsfilecorp.com/redirect/24A0Rf5EbR">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />1999 Harrison Street, Suite 1501<br />Oakland, California 94612<br />(415) 772-4704<br /><a href="mailto:lking@kaplanfox.com">lking@kaplanfox.com</a></p></div><p>Contacting or submitting information to Kaplan Fox &#38; Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.</p><p><a href="https://api.newsfilecorp.com/redirect/MqgKvHMQ8G">https://www.kaplanfox.com/case/microvast-holdings-inc-class-action-alert-learn-more-now/</a></p><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/12532/306388_0bdb4bd024b97b86_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/bgL4ktaVXg">https://www.newsfilecorp.com/release/306388</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/306388/197" alt="" /></p>

Kaplan Fox filed a securities class action against Microvast (MVST) alleging inflated margins and overstated expansion timelines for the Huzhou Phase 3.2 facility. The complaint cites a Grizzly Research report and Microvast's March 16, 2026 disclosure of a 1% gross margin and $96.5 million in revenue for the quarter ended December 31, 2025, amid ramp delays.

News insight

Kaplan Fox Encourages Investors of Microvast Holdings, Inc. (MVST) Who Suffered Losses to Contact the Firm Before September 21, 2026

AI summary

Sentiment rationale

Key facts

Legal