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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |