Microvast Holdings MVST
NASDAQ MVST
$0.63 +0.00 (+0.13%)
As of: Sep 10, 2026 · 3:59 PM EDT

Microvast Holdings (MVST) Construction in Progress (2020 - 2025)

Microvast Holdings (MVST) posted Construction in Progress of $240.4 million for Q4 2025, up 22.56% on a QoQ basis from $196.1 million in Q4 2024, and up 22.56% year-over-year from $196.1 million in Q4 2024.

Analysis

Microvast Holdings (MVST) Construction in Progress (2020 - 2025) Analysis & Trends

Microvast Holdings has reported Construction in Progress for 6 years, with the latest figure at $240.4 million in Q4 2025.

  • On a quarterly basis, Construction in Progress rose 22.56% year-over-year to $240.4 million in Q4 2025; TTM through Dec 2025 was $240.4 million, a 22.56% increase from a year earlier, with the FY2025 full-year figure at $240.4 million, up 22.56% from the prior year.
  • Construction in Progress was $240.4 million for Q4 2025 at Microvast Holdings, up from $196.1 million in the prior quarter.
  • The five-year high for Construction in Progress was $321.9 million in Q4 2023, with the low at $97.0 million in Q4 2021.
  • Average Construction in Progress over 5 years is $210.2 million, with a median of $196.1 million recorded in 2024.
  • The sharpest annual moves came in 2022 and 2024: Construction in Progress soared 101.65% in 2022, then slumped 39.08% in 2024.
  • Over 5 years, Construction in Progress stood at $97.0 million in 2021, then jumped by 101.65% to $195.5 million in 2022, then soared by 64.63% to $321.9 million in 2023, then plunged by 39.08% to $196.1 million in 2024, then rose by 22.56% to $240.4 million in 2025.
  • The last three Construction in Progress figures came in at $240.4 million (Q4 2025), $196.1 million (Q4 2024), and $321.9 million (Q4 2023), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Construction in Progress (Qtr)
1 EnerSys 6.54 Bn 6.01 Bn 313.36 Mn -
2 QuantumScape 3.20 Bn 3.20 Bn - -
3 Eos Energy Enterprises 1.35 Bn 1.00 Bn -48.80 Mn -
4 Fluence Energy 1.34 Bn 769.30 Mn 33.24 Mn -
5 Energy Vault Holdings 752.49 Mn 645.13 Mn 5.38 Mn -
6 Enovix 689.37 Mn 689.37 Mn 1.30 Mn -
7 Amprius Technologies 436.15 Mn 361.63 Mn 9.28 Mn -
8 Electrovaya 257.13 Mn 244.05 Mn 6.19 Mn -
9 Microvast Holdings 215.82 Mn 72.70 Mn 25.78 Mn -
10 Ses Ai 176.50 Mn 176.50 Mn 1.15 Mn -
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 240.35 Mn
Dec 31, 2024 196.11 Mn
Dec 31, 2023 321.91 Mn
Dec 31, 2022 195.54 Mn
Dec 31, 2021 96.97 Mn
Dec 31, 2020 57.40 Mn