Microvast Holdings, Inc. Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET

Company Participants

Yang Wu - Founder, Chairman and CEO
Fariyal Khanbabi - CFO

Conference Call Participants

Operator

Thank you for standing by. This is the conference operator. Welcome to the Microvast Third Quarter 2024 Earnings Call. As a reminder, all participants are in listen-only mode and the conference is being recorded.

I would now like to turn the conference over to Microvast Investor Relations. Please go ahead.

Unidentified Company Representative

Thank you operator and thank you everyone for joining our quarterly update today. With me on today's call are Mr. Yang Wu, Founder, Chairman and CEO and Ms. Fariyal Khanbabi, CFO. Mr. Wu will start off with a high level overview of the quarter before providing some operational and business updates. Ms. Khanbabi will then discuss our financial results in detail before handing it back to Mr. Wu to wrap up our 2024 outlook and closing remarks.

Ahead of this call, Microvast issued its third quarter earnings press release which can be found on the Investor Relations section of our website ir.microvast.com. We have also posted a slide presentation to accompany management's prepared remarks.

As a reminder, please note that this call may include forward-looking statements. These statements are based on current expectations and assumptions and should not be relied upon as representative of views for subsequent dates. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements due to new information or future results. Actual results may differ materially from expectations due to a variety of risks and uncertainties. For more information on material risks and other important factors that could affect our financial results, please refer to our filings with the SEC.

We may also discuss non-GAAP financial measures during this call. These measures should be considered in addition to and not as a substitute for or in isolation from GAAP results. These non-GAAP measures have been reconciled to their most comparable GAAP metrics in the tables included at the end of our press release.

After the conclusion of this call, a webcast replay will be available on the Investor Relations section of Microvast's website.

And now I will turn the call over to Mr. Wu for opening remarks.

Yang Wu

Thank you and thank you everyone for joining today's call. Please turn to Slide 3 and I will cover the key messages from our third quarter. As we communicated earlier this year, we are keenly focused on improving both the efficiency and profitability. Throughout 2024, Microvast has been executing on the strategies of our solid business in EMEA and APAC while implementing strategic cost cutting measures in the U.S.