Move Over, Tesla—Microvast Stock Rockets 2,800% On EV Battery Breakthrough Hype
1. Microvast's shares soared 2,800% due to multi-stage battery strategy. 2. Fast-charging lithium-ion packs target underserved industrial EV markets. 3. Development of all-solid-state batteries positions Microvast for long-term leadership. 4. Recent $125 million equity offering supports growth and debt reduction. 5. Q2 revenues reached $91.3 million with positive EBITDA guidance for 2025.