MVST CLASS ACTION NOTICE: Faruqi & Faruqi, LLP Reminds Microvast Investors of Securities Class Action Lawsuit Deadline on September 21, 2026

Faruqi & Faruqi, LLP is investigating potential claims against Microvast Holdings, Inc. (NASDAQ: MVST) and reminds investors of the September 21, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

The complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (i) due to, inter alia, inventory management issues and delays in commercial vehicle rollouts by Microvast's customers, Defendants had overstated Microvast's ability to reach its margin targets; (ii) Defendants overstated Microvast's ability to complete the Huzhou Phase 3.2 expansion by the end of 2025; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.

On June 25, 2025, short seller Grizzly Research issued a report concerning Microvast, alleging that the Company "is fabricating a significant part of its business and capabilities", including, inter alia, 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. On this news, Microvast's stock price plunged during intraday trading, falling as much as $0.40 per share, or approximately 10.23%, before ultimately closing at $3.90 per share.

On August 1, 2025, Microvast announced the departure of its CFO, Defendant Schultz, just three months after he joined the Company. On this news, Microvast's stock price fell $0.30 per share, or approximately 9.93%, to close at $2.72 per share on August 4, 2025.

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 repeatedly advising 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.

On March 16, 2026, Microvast issued a press release reporting its financial and operating results for the quarter and year ended December 31, 2025, reporting that gross margin declined to approximately 1% for the quarter, down sharply from approximately 36% for the same period in the prior year, attributable to inventory impairment charges arising from "specialized ESS components", and 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. On this news, Microvast's stock price fell $0.79 per share, or 34.2%, to close at $1.52 per share on March 17, 2026.