CDH Expands In Microvast with an 11.3% Holding, Signaling Confidence

Massive stake held by CDH affiliates

According to an amended disclosure, CDH-related entities now control a combined 37,073,227 Microvast shares. The largest single block within this group is held by Evergreen Ever Limited, representing about 8.7% of the company’s shares. Other positions include Aurora Sheen Limited at 1.6% and Hangzhou CDH New Trend Equity Investment Partnership at 1.0%.

Voting rights for these shares are exercised through general partners and investment committees overseen by CDH Griffin, indicating a meaningful consolidation of influence within the shareholder base. The material rise in ownership signals that institutional players continue to identify potential in the EV storage sector despite its recent volatility.

Operational progress and sturdier margins

Should investors sell immediately? Or is it worth buying Microvast Holdings?

The enthusiasm from large investors is underpinned by Microvast’s recent operating metrics. In the third quarter of 2025, revenue rose 21.6% year over year to $123.3 million. The company also delivered notable profitability improvements:

• Gross margin: up 4.4 percentage points to 37.6%
• Operating income: $13 million
• Operating cash flow (nine months): $59.5 million

Looking ahead, the company’s ability to sustain this momentum hinges in part on its regional mix and diversification strategy. The EMEA region remained a strong driver, contributing 64% of the quarterly revenue. Additionally, Microvast is broadening its revenue streams through partnerships, such as the collaboration with the Skoda Group aimed at rail and urban transit applications.

Outlook and valuation context

With a market capitalization around $800 million, Microvast remains a focused player within lithium-ion energy storage solutions. The next set of financial results is expected to be released in a window spanning March 30 to April 5, 2026.