Microvast Holdings, Inc. (MVST)

Revenue by Segment

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Batteries / Battery Systems	379.80M	306.62M	204.50M	151.98M	107.52M
Batteries / Battery Systems Growth	23.87%	49.94%	34.56%	41.35%	40.67%
Total	379.80M	306.62M	204.50M	151.98M	107.52M
Total Growth	23.87%	49.94%	34.56%	41.35%	40.67%

Revenue by Geography

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
China	127.14M	156.48M	132.47M	93.33M	66.16M
China Growth	-18.75%	18.13%	41.94%	41.06%	34.07%
Other Asia & Pacific	1.79M	2.05M	5.24M	8.17M	2.25M
Other Asia & Pacific Growth	-12.51%	-60.96%	-35.84%	262.56%	-69.66%
Italy	150.81M	56.59M	6.39M	3.14M	5.97M
Italy Growth	166.48%	785.77%	103.47%	-47.36%	-
Other Europe	36.91M	27.77M	9.42M	5.02M	6.81M
Other Europe Growth	32.93%	194.76%	87.80%	-26.29%	-32.02%
U.S.	14.39M	3.13M	3.65M	918.00K	549.00K
U.S. Growth	360.24%	-14.38%	297.71%	67.21%	-
India	48.77M	60.61M	47.32M	17.81M	8.57M
India Growth	-19.53%	28.07%	165.78%	107.76%	71.81%
United Kingdom	-	-	-	11.39M	11.54M
United Kingdom Growth	-	-	-	-1.37%	1628.14%
Russia	-	-	-	12.21M	5.67M
Russia Growth	-	-	-	115.36%	54.40%
Total	379.80M	306.62M	204.50M	151.98M	107.52M
Total Growth	23.87%	49.94%	34.56%	41.35%	40.67%

Source: S&P Global Market Intelligence.