Microvast (MVST) Soars to Fresh Record on China Lithium Battery Restrictions

We recently published 10 Stocks Stealing Today’s Spotlight; 5 on All-Time Highs. Microvast Holdings Inc. (NASDAQ:MVST) is one of the best performers on Wednesday.

Microvast climbed for a third straight day on Wednesday to reach a new all-time high, as investors gobbled up shares in battery companies after China imposed new restrictions on lithium batteries.

In intra-day trading, Microvast Holdings Inc. (NASDAQ:MVST) surged to its highest price of $6.41 before trimming gains to end the day just up by 19.05 percent at $6.25 apiece.

According to China’s Ministry of Commerce, the country would impose export controls on certain items related to lithium batteries and synthetic graphite anode materials beginning Nov. 8, 2025, in a bid to safeguard national security.

As with past restrictions on other goods, the new rules would likewise require battery companies to obtain licenses from the ministry before being allowed to export China-made goods.

The restrictions sparked good news for other battery companies, including Microvast Holdings Inc. (NASDAQ:MVST), as consumers are expected to look elsewhere to secure supply.

Microvast Holdings Inc. (NASDAQ:MVST) is a battery technology company engaging in the design, development, and production of lithium-ion battery solutions for electric vehicles (EVs) and energy storage systems.

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Disclosure: None. This article is originally published at Insider Monkey.