Innovation, International Growth, and Strong Financials Drive Microvast Holdings, Inc. (MVST)'s Future Growth

With a low price-to-earnings multiple and strong hedge fund interest, Microvast Holdings, Inc. (NASDAQ:MVST) earns a spot on our list of the 9 Cheap Solid State Battery Stocks to Invest in Now.

Innovation, international growth, and strong financials are helping Microvast Holdings, Inc. (NASDAQ:MVST) become a significant player in the battery technology industry.

Through a collaboration with Norway’s Evoy, Microvast Holdings, Inc. (NASDAQ:MVST) entered the marine electrification market in 2024 by incorporating its MV-I battery into high-output electric boats, which served as a gateway to specialist industries like aviation and defense.

The momentum continued in January 2025 when Microvast Holdings, Inc. (NASDAQ:MVST) unveiled a breakthrough in True All-Solid-State Battery technology, offering enhanced safety and performance. Citing Microvast’s remarkable Q1 2025 results—a 43.2% YoY sales spike, a $61.8 million profit, and growing demand from the EMEA region—H.C. Wainwright reiterated a Buy rating on May 13.

A few days later, on May 19, Microvast Holdings, Inc. (NASDAQ:MVST) demonstrated its innovative edge by showcasing its newest high-energy and fast-charging batteries at the China International Battery Fair. Looking ahead, the company is in an excellent position for future growth, as seen by its shares rising 694% in the last year.

Microvast Holdings, Inc. (NASDAQ:MVST) provides solid-state energy storage and battery solutions for EVs, making it a compelling low-cost investment in the sector. It is included in our list of cheap solid state battery stocks.

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Disclosure: None.