Microvast Holdings' Huzhou Phase 3.2 Project: A Strategic Expansion Plan

Microvast Holdings' MVST Huzhou Phase 3.2 project aims to expand production capacity by nearly 2 GWh annually. Capital expenditures support this strategic plan, with $15.5 million allocated in Q3 2025. The expansion is expected to drive top-line growth and margin expansion, with revenues projected to increase 18-25% and gross margin to range from 32-35%. However, operational execution risks and supply chain disruptions may impact the project's timing and scalability. MVST trades at a 12-month forward P/E ratio of 17.31, below the industry average.