Microvast Holdings, Inc. is facing a securities fraud class action on behalf of investors who bought or acquired its common stock between April 1, 2025 and March 16, 2026. The complaint alleges Defendants overstated the company's ability to reach margin targets and to complete the Huzhou Phase 3.2 expansion by the end of 2025, while failing to fully disclose inventory management problems and delays in customers' commercial vehicle rollouts. Wolf Haldenstein Adler Freeman & Herz LLP said investors who suffered losses may be eligible to participate, with a September 21, 2026 deadline to seek lead-plaintiff status. The release ties the claims to a series of disclosures, including a June 25, 2025 short-seller report from Grizzly Research, the August 2025 departure of Chief Financial Officer Charles Schultz, disclosure that production after the Huzhou Phase 3.2 expansion would begin in Q1 2026 rather than Q4 2025, and March 16, 2026 results showing gross margin of about 1% versus about 36% a year earlier, quarterly revenue of $96.5 million versus a $136.4 million consensus estimate, and a 34.2% share-price drop to $1.52 on March 17, 2026.