Mingteng International (NASDAQ: MTEN) Plunges 80% Amid Market Skepticism Over NEV Collaboration

The share price dropped to a record low today, with an intraday decline of 80.00%.

Mingteng International (NASDAQ: MTEN) announced an expanded collaboration with a leading supplier in the new energy vehicle (NEV) sector, focusing on electric powertrain systems and aluminum alloy materials. The partnership, revealed on Jan. 12, 2026, centers on developing lightweight, efficient components for electric vehicles, aligning with global decarbonization trends. The supplier, a top market player in motor systems for NEV heavy-duty trucks, leverages Mingteng’s mold development expertise to advance electric drive assemblies and transmission systems. The company’s CEO emphasized innovation and sustainability as core strategies, positioning Mingteng to benefit from the NEV sector’s rapid growth.

While the collaboration strengthens Mingteng’s role in the NEV supply chain, the stock’s sharp decline suggests market skepticism or unaddressed risks. The partnership’s focus on lightweight materials and electric powertrains aligns with industry demand, yet the disconnect between the strategic move and the stock’s performance remains unexplained by the provided materials. Broader market dynamics, such as sector volatility or investor sentiment toward NEV-related ventures, may contribute to the downturn. Analysts will need to assess whether the partnership translates into tangible revenue growth or faces execution challenges to gauge its long-term impact on the stock.