Kaplan Fox & Kilsheimer LLP announced that a securities class action has been filed against Microvast Holdings, Inc. on behalf of investors who purchased or otherwise acquired the company’s securities from April 1, 2025, through March 16, 2026. The complaint alleges that Microvast overstated its ability to achieve margin targets and complete the Huzhou Phase 3.2 manufacturing expansion by the end of 2025, while failing to disclose inventory-management problems and delays in customers’ commercial vehicle rollouts. The allegations overlap with the lawsuit previously announced by Pomerantz LLP, which was docketed as 26-cv-05804 in the U.S. District Court for the Southern District of Texas, Houston Division, and named certain officers. Microvast reported approximately 1% gross margin for the quarter ended Dec. 31, 2025, down from approximately 36% a year earlier, and quarterly revenue of $96.5 million, down 15% year over year. The company attributed the margin decline to inventory impairment charges tied to specialized ESS components and the revenue decline to regulatory shifts in South Korea and delays in customer platform ramp-up in Europe, the Middle East and Africa. Investors have until Sept. 21, 2026, to seek appointment as lead plaintiff.