why I think microvast is a bad investment.

if you don’t expect to make money on it - ignore me.

but the current valuation is crazy, 3.55 revenues.

Let’s say they would have 12% margin and that is the best company, it means around 29 PE. It could be fine if they grow insanely, but they don’t.

here is their plan a few years ago and it proves it’s not easy to follow the optimistic plan