Microvast Holdings Inc. (NASDAQ:MVST) soared to a new all-time high after China announced export controls on lithium batteries, boosting demand for other battery companies. MVST hit $6.41 intra-day before closing at $6.25, up 19.05%. This move is seen as a positive for battery technology companies like MVST, which focuses on lithium-ion solutions for EVs and energy storage systems.

Read more at Yahoo Finance: Microvast (MVST) Soars to Fresh Record on China Lithium Battery Restrictions