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Microvast Posts 62.8% Revenue Drop and Seeks Debt Changes

Sales volume contracted 62.2% to about 190 MWh, and gross margin narrowed to 5.2% from 37.6%, partly reflecting a $9.3 million inventory write-down.
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Sales volume contracted 62.2% to about 190 MWh, and gross margin narrowed to 5.2% from 37.6%, partly reflecting a $9.3 million inventory write-down.