STAFFORD, Texas, June 04, 2024--Microvast Holdings, Inc. (NASDAQ: MVST) ("Microvast" or the "Company"), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, has completed the initial $12 million draw of a $25 million secured debt facility provided by Yang Wu, its Founder, Chairman and Chief Executive Officer (the "Facility"). The draw will primarily provide working capital to continue the Company’s U.S. operations.
During the event of Future Mobility Asia 2024 (FMA) and Future Energy Asia 2024 (FEA) held in Bangkok from May 15 to 17, Microvast will highlight a wide range of the fast-charging chemistries and energy storage solutions which fully demonstrate the latest exploration and achievements in li-ion battery material R&D.
STAFFORD, Texas, May 09, 2024--Microvast Holdings, Inc. (NASDAQ: MVST) ("Microvast" or the "Company"), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced unaudited condensed consolidated financial results for the first quarter ended March 31, 2024 ("Q1 2024").