Asia is currently the electric vehicle battery-making hub, and all the top manufacturers are based out of the continent. The U.S. could play catch-up, according to Loup Funds’ Gene Munster.
Microvast Holdings (NASDAQ:MVST) reported quarterly losses of $(0.15) per share which met the analyst consensus estimate. This is a 42.31 percent increase over losses of $(0.26) per share from the same period last year.