Microvast reports Q3 EPS (49c) vs (12c) last year

Reports Q3 revenue $36.894M vs $38.616M last year. "We are pleased with our third quarter performance, delivering year-over-year revenue growth despite continuing difficult market conditions in Europe, customer supply chain challenges, and currency headwinds," said Sascha Kelterborn, Microvast’s President and Chief Revenue Officer. "Moreover, we are very excited about the opportunities ahead of us, including a $200 million U.S. Department of Energy grant to help fund a new polyaramid separator facility, in collaboration with General Motors. In addition, our new Energy division recently announced an industry-leading 4.3MWh battery energy storage container. This inaugural product offering is already generating considerable interest."