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Benzinga

Business

Surbhi Jain

Move Over, Tesla—Microvast Stock Rockets 2,800% On EV Battery Breakthrough Hype

Microvast Tesla Inc. Microvast Holdings Inc MVST electric vehicle

Ev,Car,Or,Electric,Vehicle,On,Blue,Background.

Microvast Holdings Inc (NASDAQ:MVST) has stormed into the electric vehicle (EV) battery spotlight.

The company’s shares have soared roughly 2,800% from penny-stock levels over the past year. Observers credit this meteoric rise to its multi-stage battery strategy. Microvast targets both immediate industrial applications and next-generation technology that could rival even Tesla Inc (NASDAQ:TSLA).

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Top stories on inkl right now

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

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