Microvast Holdings, Inc.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Microvast Holdings, Inc. (NASDAQ: MVST, MVSTW) resulting from allegations that Microvast may have issued materially misleading business information to the investing public.

If you purchased Microvast securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased Microvast securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On May 22, 2023, Reuters reported that the U.S. Department of Energy (DoE) canceled a $200M grant to lithium battery manufacturer, Microvast Holdings, Inc., citing lawmakers’ concerns over the Company’s alleged links to the Chinese Communist Party. Microvast has been in talks with the DoE over the grant to help build a plant in Tennessee to support its work with General Motors developing specialized electric vehicle batteries.

On this news, Microvast’s stock price fell $0.80 per share, or 36.36% to close at $1.40 per share on May 23, 2023.

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Company Name: Microvast Holdings, Inc.
Stock Symbol: MVST, MVSTW
Class Period: N/A
Court: N/A

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