Portnoy Law Firm Announces Class Action on Behalf of Microvast Holdings, Inc. Investors

The Portnoy Law Firm has announced a class action lawsuit on behalf of Microvast Holdings investors who purchased securities between April 1, 2025 and March 16, 2026. The lawsuit alleges that defendants overstated the company's ability to complete its Huzhou Phase 3.2 manufacturing expansion and achieve margin targets. Following disclosures on March 16, 2026 revealing a sharp decline in gross margins to 1% and a 15% year-over-year revenue decrease, Microvast's stock fell 34.2% to $1.52 per share.