Microvast Holdings, Inc. (MVST): A Bull Case Theory 

We came across a bullish thesis on Microvast Holdings, Inc. on Value investing subreddit by redditter259. In this article, we will summarize the bulls’ thesis on MVST. Microvast Holdings, Inc.’s share was trading at $3.32 as of December 2nd. MVST’s forward P/E was 31.95 according to Yahoo Finance.

Microvast Holdings, Inc. provides battery technologies for electric vehicles and energy storage solutions and presents a strong fundamental and valuation-driven investment case, supported by growing commercial traction and advancing battery technology. The company has established real revenue streams and active commercial deployments, positioning itself on a clear path toward profitability. Its partnerships with credible industrial players such as Škoda demonstrate increasing traction across EMEA markets and provide validation of its technology and execution capabilities. MVST’s progress in developing all-solid-state batteries (ASSB) is a potential game changer, with recent announcements suggesting it may be ahead of QuantumScape (QS) in achieving commercialization milestones.

At a market capitalization of approximately $1.7 billion, MVST trades at a steep discount compared to QS’s roughly $10 billion valuation, despite MVST’s tangible sales, growing customer base, and higher insider and institutional ownership. Should the company announce a technological breakthrough, commercial-scale deployment, or additional major contracts—particularly outside China and within Europe—its valuation could re-rate significantly, narrowing the gap with peers.

Multiple catalysts underpin the potential for upside. The recently announced partnership with Škoda could expand into adjacent sectors such as municipal vehicles, buses, and trains, opening up a large total addressable market. The company’s EMEA revenue is growing at triple-digit rates year over year, signaling accelerating market penetration.

Moreover, successful validation of its ASSB technology would establish a durable competitive moat and drive substantial value creation. With relatively high short interest and a low float, any sequence of positive developments could further amplify the stock’s re-rating potential through a short squeeze, offering compelling risk-reward dynamics.

Previously we covered a bullish thesis on Microvast Holdings, Inc. (MVST) by Crazerz in January 2025, which highlighted the company’s undervaluation, profitability, and growth driven by solid-state battery innovation and EU expansion. The company’s stock price has appreciated approximately 60.38% since our coverage. This is because MVST delivered strong results and major partnerships. Redditter259 shares a similar view but emphasizes Škoda collaboration and ASSB progress.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy NOW 

Disclosure: None.