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International Business Times UK
International Business Times UK
Niloy Chakrabarti

This Lithium-Ion Battery Technology Stock Jumped 2,800% in a Year: Is it a Must Buy?

Microvast Microvast Holdings China
Microvast shares rose 19% on Wednesday. (Credit: Pixabay)

Microvast Holdings (Nasdaq:MVST) stock surged by 19% on Wednesday and is up 2,806% in the past one year.

The company's all-solid-state battery (ASSB) technology has primarily driven tangible results for the company. This technology is considered safe and more efficient as it eliminates liquid electrolytes for rapid scalability. Microvast has managed to limit expenses despite significant investments in the ASSB technology, which has improved profitability.

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