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

The Portnoy Law Firm has filed a class action lawsuit against Microvast Holdings on behalf of investors who purchased securities between April 1, 2025 and March 16, 2026. The lawsuit alleges that Microvast misrepresented its manufacturing expansion capabilities and margin improvement targets. The company's stock fell 34.2% on March 17, 2026, after disclosing a sharp decline in gross margins to 1% and a 15% year-over-year revenue decrease, attributed to inventory issues and customer delays.