People'S Republic Of China was the largest of Microvast Holdings, Inc.’s 7 reported lines in fiscal 2025, at $416.84M — 33% of $1.28B.
| Geography | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| People'S Republic Of China | — | $469.44M | $381.41M | $416.84M | |||
| Prc | $397.41M | — | — | — | |||
| Italy | $19.17M | $169.78M | $452.43M | $278.82M | |||
| France | — | $23.45M | $38.29M | $234.58M | |||
| India | $141.97M | $181.82M | $146.30M | $103.70M | |||
| Other European Countries | $28.26M | $59.85M | $72.44M | $122.43M | |||
| United States | $10.95M | $9.38M | $43.16M | $117.92M | |||
| Other Countries | — | — | — | — | |||
| United Kingdom | — | — | — | — | |||
| Russia | — | — | — | — | |||
| Other Asia Pacific Countries | $15.73M | $6.14M | $5.37M | $8.26M | |||
| Other | — | — | — | — | |||
| Total | $613.49M | $919.85M | $1.14B | $1.28B |
In fiscal 2025, which ended December 31, 2025, the 7 regions Microvast Holdings, Inc. reported in this breakdown added up to $1.28B. That was up 12.6% from $1.14B in fiscal 2024. People'S Republic Of China was the largest region, at $416.84M or 32.5% of the total, followed by Italy ($278.82M, 21.7%) and France ($234.58M, 18.3%). Together, the two largest regions made up 54.2% of this total.
Compared with fiscal 2024, France grew the fastest, rising 512.6% to $234.58M. Italy fell the most, down 38.4% to $278.82M.
People'S Republic Of China (fiscal 2023) and France (fiscal 2023) were first reported as separate regions during this period. The table also keeps 5 regions that Microvast Holdings, Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 5 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2019 to 2025, as reported in Microvast Holdings, Inc.'s annual filings.
Microvast Holdings, Inc. (MVST) breaks its revenue down by region. In fiscal 2025, its largest region was People'S Republic Of China, with $416.84M or 32.5% of the total, followed by Italy at $278.82M (21.7%).
People'S Republic Of China was Microvast Holdings, Inc.'s largest region in fiscal 2025, with $416.84M in revenue, 32.5% of the $1.28B reported across its 7 regions.
Of the Microvast Holdings, Inc. regions reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, France grew the fastest, rising 512.6% from $38.29M to $234.58M.
Every figure is taken from Microvast Holdings, Inc.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by region covers fiscal 2019 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.