Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Microvast Holdings, Inc. (MVST; MVSTW) Investigation

NEW YORK, NY / ACCESSWIRE / May 30, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Microvast Holdings, Inc. ("Microvast" or the "Company") (NASDAQ:MVST; MVSTW). Investors who purchased Microvast securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/mvst.

The investigation concerns whether Microvast has violated federal securities laws.

On May 22, 2023, Reuters reported that the U.S. Department of Energy (DoE) canceled a $200M grant to lithium battery manufacturer, Microvast Holdings, Inc., citing lawmakers' concerns over the its alleged links to the Chinese Communist Party. The report states that Microvast has been in talks with the DoE over the grant to help build a plant in Tennessee to support its work with General Motors developing specialized electric vehicle batteries. Following this news, Microvast stock dropped $0.80 per share, or 36.36%, to close at $1.40 on May 23, 2023.

If you are aware of any facts relating to this investigation or purchasedMicrovast shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/mvst. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

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