Microvast posted Q2 2026 revenue of USD 87.3 million, down 4.5% year over year.
Net loss narrowed to USD 12 million from USD 106.1 million a year earlier.
Gross margin fell 5.2 percentage points to 29.5% on higher raw material prices and lower production utilization, partly offset by IEEPA tariff refunds.
Operating expenses rose to USD 27.5 million from USD 23.7 million year over year.
Operational updates
Management flagged Huzhou Phase 3.2 as on track for up to 2 GWh capacity, with Clarksville pack-line localization set to start by year-end.
MVST•
