A securities fraud class action has been filed against Microvast Holdings, Inc. and certain officers in the U.S. District Court for the Southern District of Texas, Houston Division. The complaint alleges that Microvast overstated its ability to meet margin targets and complete the Huzhou Phase 3.2 expansion by the end of 2025, while failing to disclose inventory-management problems and delays in customers' commercial-vehicle rollouts. The proposed class covers investors who purchased or acquired Microvast securities from April 1, 2025, through March 16, 2026. After the company reported fourth-quarter gross margin of approximately 1%, revenue of $96.5 million and a 15% year-over-year decline, its shares fell 34.2% on March 17, 2026, to close at $1.52. Investors have until Sept. 21, 2026, to ask the court to appoint them as lead plaintiff.