Microvast (MVST) Q2 FY26 earnings call

Microvast reported a challenging Q2 FY26 with a revenue decline primarily due to a tariff refund and reduced sales volumes, alongside gross margin compression from higher raw material costs. Despite these headwinds, the company saw strong growth in European sales and made significant progress in its R&D initiatives, particularly with solid-state battery technology. Operational expansions in Huzhou and Clarksville are advancing, though the latter's battery plant remains contingent on financing.