2023 Q1 Form 10-K Financial Statement

#000176068923000014 Filed on March 16, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $46.97M $64.80M $204.5M
YoY Change 28.1% -2.96% 34.56%
Cost Of Revenue $42.12M $62.57M $195.4M
YoY Change 14.9% -4.64% 0.36%
Gross Profit $4.858M $2.226M $9.073M
YoY Change 37269.23% 93.06% -121.23%
Gross Profit Margin 10.34% 3.44% 4.44%
Selling, General & Admin $25.37M $26.79M $127.2M
YoY Change -20.95% -34.67% 5.44%
% of Gross Profit 522.29% 1203.64% 1401.77%
Research & Development $10.86M $10.50M $43.51M
YoY Change -3.96% -6.15% 26.53%
% of Gross Profit 223.57% 471.61% 479.53%
Depreciation & Amortization $5.097M $4.784M $20.37M
YoY Change -4.01% -17.74% -1.68%
% of Gross Profit 104.92% 214.91% 224.46%
Operating Expenses $36.23M $37.29M $170.7M
YoY Change -16.53% -28.56% 10.12%
Operating Profit -$31.30M -$35.07M -$159.9M
YoY Change -27.65% -31.3% -19.12%
Interest Expense $459.0K $775.0K $3.323M
YoY Change -42.34% 8.09% -233.13%
% of Operating Profit
Other Income/Expense, Net $789.0K $186.0K $944.0K
YoY Change 97.74% -313.79% -109.51%
Pretax Income -$29.57M -$33.67M -$158.2M
YoY Change -32.45% -28.32% -23.4%
Income Tax $0.00 $33.00K $33.00K
% Of Pretax Income
Net Earnings -$29.58M -$33.70M -$158.2M
YoY Change -32.43% -27.75% -23.38%
Net Earnings / Revenue -62.97% -52.01% -77.36%
Basic Earnings Per Share -$0.10 -$0.52
Diluted Earnings Per Share -$0.10 -$0.11 -$0.52
COMMON SHARES
Basic Shares Outstanding 309.4M shares 309.3M shares 303.3M shares
Diluted Shares Outstanding 307.7M shares 303.3M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $225.6M $256.5M $256.5M
YoY Change -45.79% -46.67% -46.67%
Cash & Equivalents $200.3M $231.4M $231.4M
Short-Term Investments $25.31M $25.07M $25.07M
Other Short-Term Assets $73.64M $80.11M $80.11M
YoY Change -0.84% 17.81% 17.81%
Inventory $87.67M $84.25M $84.25M
Prepaid Expenses
Receivables $88.91M $119.3M $121.5M
Other Receivables $0.00 $2.719M $2.719M
Total Short-Term Assets $497.0M $545.1M $545.1M
YoY Change -23.9% -22.86% -22.86%
LONG-TERM ASSETS
Property, Plant & Equipment $443.1M $335.1M $351.5M
YoY Change 63.34% 32.44% 38.9%
Goodwill
YoY Change
Intangibles $3.691M $1.636M
YoY Change 102.69% -13.07%
Long-Term Investments
YoY Change
Other Assets $29.11M $73.64M $86.75M
YoY Change -27.39% 273.1% 157.06%
Total Long-Term Assets $506.9M $439.9M $439.9M
YoY Change 46.71% 52.38% 52.38%
TOTAL ASSETS
Total Short-Term Assets $497.0M $545.1M $545.1M
Total Long-Term Assets $506.9M $439.9M $439.9M
Total Assets $1.004B $985.0M $985.0M
YoY Change 0.53% -1.04% -1.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $41.24M $44.99M $44.99M
YoY Change 28.86% 11.33% 11.33%
Accrued Expenses $10.28M $22.63M $22.63M
YoY Change -83.18% -61.47% -21.08%
Deferred Revenue $53.06M $54.21M
YoY Change 1373.45% 3452.23%
Short-Term Debt $21.84M $17.40M $85.84M
YoY Change 63.79% 30.8% 15.6%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $277.8M $252.4M $252.4M
YoY Change 53.12% 43.75% 43.75%
LONG-TERM LIABILITIES
Long-Term Debt $73.01M $72.89M $72.89M
YoY Change -0.19% -0.36% -0.36%
Other Long-Term Liabilities $31.32M $32.08M $46.69M
YoY Change -13.57% -19.44% -22.0%
Total Long-Term Liabilities $31.32M $32.08M $119.6M
YoY Change -13.57% -19.44% -10.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $277.8M $252.4M $252.4M
Total Long-Term Liabilities $31.32M $32.08M $119.6M
Total Liabilities $398.2M $372.0M $372.0M
YoY Change 16.64% 20.54% 20.54%
SHAREHOLDERS EQUITY
Retained Earnings -$820.7M -$791.2M
YoY Change 21.28% 25.16%
Common Stock $31.00K $31.00K
YoY Change 3.33% 3.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $603.7M $613.0M $613.0M
YoY Change
Total Liabilities & Shareholders Equity $1.004B $985.0M $985.0M
YoY Change 0.53% -1.04% -1.04%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$29.58M -$33.70M -$158.2M
YoY Change -32.43% -27.75% -23.38%
Depreciation, Depletion And Amortization $5.097M $4.784M $20.37M
YoY Change -4.01% -17.74% -1.68%
Cash From Operating Activities -$11.17M $4.667M -$53.93M
YoY Change -55.18% -122.89% 19.74%
INVESTING ACTIVITIES
Capital Expenditures $35.92M $66.16M $150.9M
YoY Change -12.52% -240.33% -271.72%
Acquisitions
YoY Change
Other Investing Activities $97.00K -$25.07M -$25.07M
YoY Change 9600.0%
Cash From Investing Activities -$35.83M -$91.23M -$175.9M
YoY Change -12.75% 93.51% 100.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $4.384M -29.26M $4.967M
YoY Change 210.57% -99.21%
NET CHANGE
Cash From Operating Activities -$11.17M 4.667M -$53.93M
Cash From Investing Activities -$35.83M -91.23M -$175.9M
Cash From Financing Activities $4.384M -29.26M $4.967M
Net Change In Cash -$42.14M -115.8M -$233.5M
YoY Change -35.55% 50.51% -147.45%
FREE CASH FLOW
Cash From Operating Activities -$11.17M $4.667M -$53.93M
Capital Expenditures $35.92M $66.16M $150.9M
Free Cash Flow -$47.09M -$61.49M -$204.8M
YoY Change -28.63% -329.8% -578.27%

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CY2021 mvst Impairment Loss From Property Plant And Equipments
ImpairmentLossFromPropertyPlantAndEquipments
2443000 usd
CY2022 mvst Impairment Loss From Property Plant And Equipments
ImpairmentLossFromPropertyPlantAndEquipments
1798000 usd
CY2020 us-gaap Product Warranty Expense
ProductWarrantyExpense
3477000 usd
CY2021 us-gaap Product Warranty Expense
ProductWarrantyExpense
52932000 usd
CY2022 us-gaap Product Warranty Expense
ProductWarrantyExpense
14097000 usd
CY2020 us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-13940000 usd
CY2021 us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-10016000 usd
CY2022 us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-3187000 usd
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3599000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11844000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
38924000 usd
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-13611000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
25892000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
43694000 usd
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1693000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10980000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3628000 usd
CY2020 us-gaap Increase Decrease In Due To Other Related Parties
IncreaseDecreaseInDueToOtherRelatedParties
1872000 usd
CY2021 us-gaap Increase Decrease In Due To Other Related Parties
IncreaseDecreaseInDueToOtherRelatedParties
-84000 usd
CY2022 us-gaap Increase Decrease In Due To Other Related Parties
IncreaseDecreaseInDueToOtherRelatedParties
85000 usd
CY2020 mvst Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
0 usd
CY2021 mvst Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
0 usd
CY2022 mvst Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
19375000 usd
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
139000 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
2135000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
282000 usd
CY2020 mvst Increase Decrease In Notes Payable
IncreaseDecreaseInNotesPayable
-1643000 usd
CY2021 mvst Increase Decrease In Notes Payable
IncreaseDecreaseInNotesPayable
24159000 usd
CY2022 mvst Increase Decrease In Notes Payable
IncreaseDecreaseInNotesPayable
13490000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3818000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2499000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
7146000 usd
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1395000 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-971000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
53022000 usd
CY2020 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
2256000 usd
CY2021 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-5947000 usd
CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-24674000 usd
CY2020 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
0 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
0 usd
CY2020 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
0 usd
CY2020 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
7000 usd
CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0 usd
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
0 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
15556000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-45039000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-53928000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18645000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
87862000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
150880000 usd
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
13000 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5000 usd
CY2020 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
4635000 usd
CY2021 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 usd
CY2022 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
25070000 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
0 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-87862000 usd
CY2020 mvst Proceeds From Borrowings
ProceedsFromBorrowings
17308000 usd
CY2021 mvst Proceeds From Borrowings
ProceedsFromBorrowings
38926000 usd
CY2022 mvst Proceeds From Borrowings
ProceedsFromBorrowings
58708000 usd
CY2020 mvst Repayments Of Bonds Payable
RepaymentsOfBondsPayable
0 usd
CY2021 mvst Repayments Of Bonds Payable
RepaymentsOfBondsPayable
0 usd
CY2022 mvst Repayments Of Bonds Payable
RepaymentsOfBondsPayable
29259000 usd
CY2020 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
17815000 usd
CY2021 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
37568000 usd
CY2020 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
18889000 usd
CY2020 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
18889000 usd
CY2021 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
8426000 usd
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0 usd
CY2020 mvst Cash Received From The Trust Account Upon Merger Net Of Transaction Costs Note
CashReceivedFromTheTrustAccountUponMergerNetOfTransactionCostsNote
0 usd
CY2021 mvst Cash Received From The Trust Account Upon Merger Net Of Transaction Costs Note
CashReceivedFromTheTrustAccountUponMergerNetOfTransactionCostsNote
222629000 usd
CY2022 mvst Cash Received From The Trust Account Upon Merger Net Of Transaction Costs Note
CashReceivedFromTheTrustAccountUponMergerNetOfTransactionCostsNote
0 usd
CY2020 mvst Cash Received From Private Investment In Public Equity Pipe Investors Upon Merger
CashReceivedFromPrivateInvestmentInPublicEquityPIPEInvestorsUponMerger
0 usd
CY2021 mvst Cash Received From Private Investment In Public Equity Pipe Investors Upon Merger
CashReceivedFromPrivateInvestmentInPublicEquityPIPEInvestorsUponMerger
482500000 usd
CY2022 mvst Cash Received From Private Investment In Public Equity Pipe Investors Upon Merger
CashReceivedFromPrivateInvestmentInPublicEquityPIPEInvestorsUponMerger
0 usd
CY2020 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
0 usd
CY2021 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-139038000 usd
CY2022 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
0 usd
CY2020 mvst Issuance Of Bridge Notes
IssuanceOfBridgeNotes
0 usd
CY2021 mvst Issuance Of Bridge Notes
IssuanceOfBridgeNotes
57500000 usd
CY2022 mvst Issuance Of Bridge Notes
IssuanceOfBridgeNotes
0 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-507000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
624949000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4967000 usd
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2037000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2865000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-8586000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-588000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
494913000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-233492000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41784000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41196000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
536109000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41196000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
536109000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
302617000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
21496000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
480931000 usd
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
19700000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
55178000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
71197000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41196000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
536109000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
302617000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
1969000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
2686000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
5135000 usd
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 usd
CY2020Q4 mvst Payable For Redemption Of Noncontrolling Interest
PayableForRedemptionOfNoncontrollingInterest
124316000 usd
CY2021Q4 mvst Payable For Redemption Of Noncontrolling Interest
PayableForRedemptionOfNoncontrollingInterest
0 usd
CY2022Q4 mvst Payable For Redemption Of Noncontrolling Interest
PayableForRedemptionOfNoncontrollingInterest
0 usd
CY2020Q4 mvst Payable For Purchase Of Property Plant And Equipment
PayableForPurchaseOfPropertyPlantAndEquipment
15122000 usd
CY2021Q4 mvst Payable For Purchase Of Property Plant And Equipment
PayableForPurchaseOfPropertyPlantAndEquipment
18500000 usd
CY2022Q4 mvst Payable For Purchase Of Property Plant And Equipment
PayableForPurchaseOfPropertyPlantAndEquipment
29183000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Microvast, Inc. was incorporated under the laws of the State of Texas in the United States of America (“USA”) on October 12, 2006 and re-domiciled to the State of Delaware on December 31, 2015. Microvast Inc. and its subsidiaries (collectively, the “Group”) are primarily engaged in developing, manufacturing, and selling electronic power products for electric vehicles and energy storage across the globe, with its primary markets and operations in the People’s Republic of China (“PRC”), Europe and the United States.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July 23, 2021 (the “Closing Date”), Microvast, Inc. and Tuscan Holdings Corp.(“Tuscan”) consummated the previously announced merger (the “Merger”), pursuant to the Agreement and Plan of Merger (the “Merger Agreement”) dated February 1, 2021, between Tuscan, Microvast, Inc. and TSCN Merger Sub Inc., a Delaware corporation (“Merger Sub”).</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the Merger Agreement, the Merger Sub merged with and into Microvast, Inc., with Microvast, Inc. surviving the Merger. As a result of the Merger, Tuscan was renamed “Microvast Holdings, Inc.” (the “Company”). The Merger was accounted for as a reverse recapitalization as Microvast, Inc. was determined to be the accounting acquirer under Financial Accounting Standards Board’s Accounting Standards Codification Topic 805, Business Combinations (“ASC 805”). Please refer to Note 3 “Reverse Recapitalization” for further details of the Merger.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Upon the completion of the Merger transaction between Microvast, Inc. and Tuscan, the share, per share value and net loss per share available to Microvast Inc.’s common stockholders in the financial statements for each of the two years ended December 31, 2021 were retroactively recast to reflect the exchange ratio established in the Merger Agreement. Refer to Note 3 for details.</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of December 31, 2022, details of the Company’s major subsidiaries are as follows:</span></div><div style="margin-top:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:39.051%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.406%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.172%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.557%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.172%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.557%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.085%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Subsidiaries</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Place of incorporation</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Date of <br/>incorporation <br/>or acquisition</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Percentage <br/>of ownership</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Microvast, Inc. (“</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Microvast</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">”)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Delaware, USA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">October 2006</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">100 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Microvast Power Solutions, Inc (“</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">MP Solutions</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">”)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Texas, USA</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">July 2013</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">100 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Microvast Power Systems Co., Ltd. (“</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">MPS</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">”)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Huzhou, PRC</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">December 2006</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">100 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Microvast GmbH (“</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">MV GmbH</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">”)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Germany</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">May 2016</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">100 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">%</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:9pt;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Huzhou Hongwei New Energy Automobile Co., Ltd. (“</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:115%">Hongwei</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">”)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Huzhou, PRC</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">December 2016</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">100 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Microvast Energy, Inc. (“</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">MV Energy</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">”)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Colorado, USA</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">July 2022</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">100 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">%</span></td></tr></table></div>
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenue, costs and expenses in the consolidated financial statements and accompanying notes, and disclosure of contingent liabilities at the date of the consolidated financial statements. Actual results could differ from these estimates. Significant accounting estimates reflected in the Group’s financial statements include allowance for doubtful accounts, provision for obsolete inventories, impairment of long-lived assets, valuation allowance for deferred tax assets, product warranties, fair value measurement of Bridge Notes, fair value measurement of warrant liability and share based compensation.</span></div>
CY2021 mvst Purchase Percentage
PurchasePercentage
0.12
CY2022 mvst Purchase Percentage
PurchasePercentage
0.18
CY2022 mvst Land Use Rights Expected Amortization After Year Five
LandUseRightsExpectedAmortizationAfterYearFive
310000 usd
CY2021Q4 mvst Balance Of Notes Receivable
BalanceOfNotesReceivable
11144000 usd
CY2022Q4 mvst Balance Of Notes Receivable
BalanceOfNotesReceivable
2196000 usd
CY2020 us-gaap Interest Income Other
InterestIncomeOther
37000 usd
CY2021 us-gaap Interest Income Other
InterestIncomeOther
0 usd
CY2022 us-gaap Interest Income Other
InterestIncomeOther
70000 usd
CY2021Q3 mvst Reverse Recapitalization Escrow Shares
ReverseRecapitalizationEscrowShares
1687500 shares
CY2022 mvst Estimated Useful Life Term
EstimatedUsefulLifeTerm
P50Y
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
567000 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
2443000 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1798000 usd
CY2022 mvst Impairment Long Lived Asset Held For Use Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag
ImpairmentLongLivedAssetHeldForUseStatementOfIncomeOrComprehensiveIncomeExtensibleEnumerationNotDisclosedFlag
true
CY2020 mvst Impairment Long Lived Asset Held For Use Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag
ImpairmentLongLivedAssetHeldForUseStatementOfIncomeOrComprehensiveIncomeExtensibleEnumerationNotDisclosedFlag
true
CY2021 mvst Impairment Long Lived Asset Held For Use Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag
ImpairmentLongLivedAssetHeldForUseStatementOfIncomeOrComprehensiveIncomeExtensibleEnumerationNotDisclosedFlag
true
CY2021Q4 mvst Land Use Rights Net
LandUseRightsNet
14008000 usd
CY2020 mvst Revenue Related To Contract Balance
RevenueRelatedToContractBalance
582000 usd
CY2021 mvst Revenue Related To Contract Balance
RevenueRelatedToContractBalance
1455000 usd
CY2022 mvst Revenue Related To Contract Balance
RevenueRelatedToContractBalance
1151000 usd
CY2020 mvst Amortized Deferred Subsidy
AmortizedDeferredSubsidy
166000 usd
CY2021 mvst Amortized Deferred Subsidy
AmortizedDeferredSubsidy
269000 usd
CY2022 mvst Amortized Deferred Subsidy
AmortizedDeferredSubsidy
538000 usd
CY2021Q4 mvst Deferred Subsidy Income
DeferredSubsidyIncome
324000 usd
CY2022Q4 mvst Deferred Subsidy Income
DeferredSubsidyIncome
542000 usd
CY2021Q4 mvst Deferred Non Current Portion
DeferredNonCurrentPortion
2286000 usd
CY2022Q4 mvst Deferred Non Current Portion
DeferredNonCurrentPortion
3066000 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
18826000 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
18776000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
16368000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
16281000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1934000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of credit risk</span></div><div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially expose the Group to concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash, accounts receivable, notes receivable and short-term investments. The Group places its cash and cash equivalents with financial institutions with high credit ratings and quality. The Group conducts credit evaluations of customers and generally does not require collateral or other security from its customers.</span></div>
mvst Net Revenues Percentage
NetRevenuesPercentage
0.10
CY2021Q4 mvst Percentage Of Accounts Receivable
PercentageOfAccountsReceivable
0.10
CY2022Q4 mvst Percentage Of Accounts Receivable
PercentageOfAccountsReceivable
0.10
CY2020 mvst Purchase Percentage
PurchasePercentage
0.12
CY2021Q3 mvst Existing Microvast Equity Holders
ExistingMicrovastEquityHolders
209999991 shares
CY2021Q3 mvst Existing Microvast Convertible Noteholders In Shares
ExistingMicrovastConvertibleNoteholdersInShares
6736106 shares
CY2021Q3 mvst Tuscan Public Stockholders
TuscanPublicStockholders
27493140 shares
CY2021Q3 mvst Sponsor Group In Shares
SponsorGroupInShares
7608589 shares
CY2021Q3 mvst Early Bird Capital
EarlyBirdCapital
428411 shares
CY2021Q3 mvst Shares Outstanding Pipe Investors Immediately After Merger
SharesOutstandingPIPEInvestorsImmediatelyAfterMerger
48250000 shares
CY2021Q3 mvst Common Stock
CommonStock
300516237 shares
CY2021Q3 mvst Shares Subject To Cancellation
SharesSubjectToCancellation
1687500 shares
CY2021Q3 us-gaap Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
705129000 usd
CY2021Q3 us-gaap Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
281726000 usd
CY2021Q3 us-gaap Financing Receivable Revolving
FinancingReceivableRevolving
58175000 usd
CY2021Q3 mvst Reverse Recapitalization Escrow Shares
ReverseRecapitalizationEscrowShares
1687500 shares
CY2021Q3 mvst Reverse Recapitalization Contingent Consideration Cancellation Period Escrow Share Percentage
ReverseRecapitalizationContingentConsiderationCancellationPeriodEscrowSharePercentage
0.50
CY2021Q3 mvst Reverse Recapitalization Escrow Shares
ReverseRecapitalizationEscrowShares
1687500 shares
CY2021Q3 mvst Reverse Recapitalization Contingent Consideration Cancellation Period Escrow Share Percentage
ReverseRecapitalizationContingentConsiderationCancellationPeriodEscrowSharePercentage
0.50
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
93722000 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
123711000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5005000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
4407000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
88717000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
119304000 usd
CY2019Q4 mvst Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
5537000 usd
CY2020Q4 mvst Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
5047000 usd
CY2021Q4 mvst Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
5005000 usd
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-240000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
721000 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1640000 usd
CY2020 mvst Accounts Receivable Write Off
AccountsReceivableWriteOff
493000 usd
CY2021 mvst Accounts Receivable Write Off
AccountsReceivableWriteOff
849000 usd
CY2022 mvst Accounts Receivable Write Off
AccountsReceivableWriteOff
2631000 usd
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
243000 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
86000 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-473000 usd
CY2020Q4 mvst Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
5047000 usd
CY2021Q4 mvst Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
5005000 usd
CY2022Q4 mvst Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
4407000 usd
CY2022Q4 mvst Land Use Rights Net
LandUseRightsNet
12639000 usd
CY2022 mvst Estimated Usage Term Period
EstimatedUsageTermPeriod
P50Y
CY2020 mvst Amortization Of Land Use Rights
AmortizationOfLandUseRights
303000 usd
CY2021 mvst Amortization Of Land Use Rights
AmortizationOfLandUseRights
325000 usd
CY2022 mvst Amortization Of Land Use Rights
AmortizationOfLandUseRights
310000 usd
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
20760000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
48747000 usd
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
25266000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
29331000 usd
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
7398000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
6174000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
53424000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
84252000 usd
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
1343000 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
18295000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
4789000 usd
CY2021Q4 us-gaap Supplies
Supplies
7102000 usd
CY2022Q4 us-gaap Supplies
Supplies
5075000 usd
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
4687000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
3374000 usd
CY2021Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
4106000 usd
CY2022Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
2408000 usd
CY2021Q4 us-gaap Deposit Assets
DepositAssets
1029000 usd
CY2022Q4 us-gaap Deposit Assets
DepositAssets
925000 usd
CY2021Q4 us-gaap Other Receivables
OtherReceivables
203000 usd
CY2022Q4 us-gaap Other Receivables
OtherReceivables
311000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
17127000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
12093000 usd
CY2022 mvst Land Use Rights Expected Amortization Year Five
LandUseRightsExpectedAmortizationYearFive
310000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
244829000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
240500000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
88745000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
100902000 usd
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
96973000 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
195542000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
253057000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
335140000 usd
CY2020 us-gaap Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1
16097000 usd
CY2021 us-gaap Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1
19975000 usd
CY2022 us-gaap Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1
19811000 usd
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
567000 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
2443000 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1798000 usd
CY2021Q4 mvst Cost Of Land Use Rights
CostOfLandUseRights
16390000 usd
CY2022Q4 mvst Cost Of Land Use Rights
CostOfLandUseRights
15143000 usd
CY2021Q4 mvst Land Use Rights Accumulated Amortization
LandUseRightsAccumulatedAmortization
2382000 usd
CY2022Q4 mvst Land Use Rights Accumulated Amortization
LandUseRightsAccumulatedAmortization
2504000 usd
CY2022 mvst Land Use Rights Expected Amortization Year Four
LandUseRightsExpectedAmortizationYearFour
310000 usd
CY2022 mvst Land Use Rights Expected Amortization Year Three
LandUseRightsExpectedAmortizationYearThree
310000 usd
CY2022 mvst Land Use Rights Expected Amortization Year Two
LandUseRightsExpectedAmortizationYearTwo
310000 usd
CY2022 mvst Land Use Rights Expected Amortization Year One
LandUseRightsExpectedAmortizationYearOne
310000 usd
CY2021 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
4104000 usd
CY2022 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
3493000 usd
CY2021 mvst Acquired Intangible Assets Accumulated Amortizations
AcquiredIntangibleAssetsAccumulatedAmortizations
2222000 usd
CY2022 mvst Acquired Intangible Assets Accumulated Amortizations
AcquiredIntangibleAssetsAccumulatedAmortizations
1857000 usd
CY2021 mvst Acquired Intangible Assets Net
AcquiredIntangibleAssetsNet
1882000 usd
CY2022 mvst Acquired Intangible Assets Net
AcquiredIntangibleAssetsNet
1636000 usd
CY2020 mvst Amortization Expense
AmortizationExpense
392000 usd
CY2021 mvst Amortization Expense
AmortizationExpense
413000 usd
CY2022 mvst Amortization Expense
AmortizationExpense
244000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
243000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
237000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
233000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
231000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
231000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
461000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1636000 usd
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
20922000 usd
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
13044000 usd
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
20922000 usd
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
13044000 usd
CY2021Q4 mvst Payables For Purchase Of Property Plant And Equipment
PayablesForPurchaseOfPropertyPlantAndEquipment
18500000 usd
CY2022Q4 mvst Payables For Purchase Of Property Plant And Equipment
PayablesForPurchaseOfPropertyPlantAndEquipment
29183000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
10636000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
8608000 usd
CY2021Q4 mvst Accrued Payroll And Welfare
AccruedPayrollAndWelfare
3476000 usd
CY2022Q4 mvst Accrued Payroll And Welfare
AccruedPayrollAndWelfare
4716000 usd
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2444000 usd
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2641000 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1836000 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
298000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1934000 usd
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
926000 usd
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
6296000 usd
CY2021Q4 mvst Accrued Expense And Other Liabilities Current
AccruedExpenseAndOtherLiabilitiesCurrent
58740000 usd
CY2022Q4 mvst Accrued Expense And Other Liabilities Current
AccruedExpenseAndOtherLiabilitiesCurrent
66720000 usd
CY2019Q4 mvst Movement Of Product Warranty Opening Balance
MovementOfProductWarrantyOpeningBalance
18416000 usd
CY2020Q4 mvst Movement Of Product Warranty Opening Balance
MovementOfProductWarrantyOpeningBalance
19356000 usd
CY2021Q4 mvst Movement Of Product Warranty Opening Balance
MovementOfProductWarrantyOpeningBalance
58458000 usd
CY2020 mvst Warranty Expense Provided During The Period
WarrantyExpenseProvidedDuringThePeriod
3477000 usd
CY2021 mvst Warranty Expense Provided During The Period
WarrantyExpenseProvidedDuringThePeriod
52932000 usd
CY2022 mvst Warranty Expense Provided During The Period
WarrantyExpenseProvidedDuringThePeriod
14097000 usd
CY2020 mvst Utilization Of The Product Warranty During The Period
UtilizationOfTheProductWarrantyDuringThePeriod
2537000 usd
CY2021 mvst Utilization Of The Product Warranty During The Period
UtilizationOfTheProductWarrantyDuringThePeriod
13830000 usd
CY2022 mvst Utilization Of The Product Warranty During The Period
UtilizationOfTheProductWarrantyDuringThePeriod
26916000 usd
CY2020 mvst Exchange Difference Of The Product Warranty During The Period
ExchangeDifferenceOfTheProductWarrantyDuringThePeriod
0 usd
CY2021 mvst Exchange Difference Of The Product Warranty During The Period
ExchangeDifferenceOfTheProductWarrantyDuringThePeriod
0 usd
CY2022 mvst Exchange Difference Of The Product Warranty During The Period
ExchangeDifferenceOfTheProductWarrantyDuringThePeriod
-3579000 usd
CY2020Q4 mvst Movement Of Product Warranty Ending Balance
MovementOfProductWarrantyEndingBalance
19356000 usd
CY2021Q4 mvst Movement Of Product Warranty Ending Balance
MovementOfProductWarrantyEndingBalance
58458000 usd
CY2022Q4 mvst Movement Of Product Warranty Ending Balance
MovementOfProductWarrantyEndingBalance
42060000 usd
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4296000 usd
CY2020Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
15060000 usd
CY2021Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
37536000 usd
CY2022Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
29016000 usd
CY2021 mvst Warrants Expense
WarrantsExpense
46485000 usd
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
492000 usd
CY2019Q4 mvst Bank Borrowings Beginning Balance
BankBorrowingsBeginningBalance
11922000 usd
CY2020Q4 mvst Bank Borrowings Beginning Balance
BankBorrowingsBeginningBalance
12184000 usd
CY2021Q4 mvst Bank Borrowings Beginning Balance
BankBorrowingsBeginningBalance
13301000 usd
CY2020 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
17308000 usd
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
38926000 usd
CY2022 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
58708000 usd
CY2020 mvst Repayments Of Principal
RepaymentsOfPrincipal
17815000 usd
CY2021 mvst Repayments Of Principal
RepaymentsOfPrincipal
37568000 usd
CY2022 mvst Repayments Of Principal
RepaymentsOfPrincipal
24482000 usd
CY2020 mvst Exchange Difference
ExchangeDifference
769000 usd
CY2021 mvst Exchange Difference
ExchangeDifference
-241000 usd
CY2022 mvst Exchange Difference
ExchangeDifference
-1132000 usd
CY2020Q4 mvst Bank Borrowings Ending Balance
BankBorrowingsEndingBalance
12184000 usd
CY2021Q4 mvst Bank Borrowings Ending Balance
BankBorrowingsEndingBalance
13301000 usd
CY2022Q4 mvst Bank Borrowings Ending Balance
BankBorrowingsEndingBalance
46395000 usd
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
13301000 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
17398000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
0 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
28997000 usd
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
13301000 usd
CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
46395000 usd
CY2021Q4 mvst Pledged Buildings
PledgedBuildings
31361000 usd
CY2022Q4 mvst Pledged Buildings
PledgedBuildings
27245000 usd
CY2021Q4 mvst Pledged Machinery And Equipment Gross
PledgedMachineryAndEquipmentGross
7376000 usd
CY2022Q4 mvst Pledged Machinery And Equipment Gross
PledgedMachineryAndEquipmentGross
0 usd
CY2021Q4 mvst Pledged Land Use Rights
PledgedLandUseRights
4470000 usd
CY2022Q4 mvst Pledged Land Use Rights
PledgedLandUseRights
12639000 usd
CY2021Q4 mvst Pledged Total Asset
PledgedTotalAsset
43207000 usd
CY2022Q4 mvst Pledged Total Asset
PledgedTotalAsset
39884000 usd
CY2021Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
37536000 usd
CY2022Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
29016000 usd
CY2021Q4 mvst Deferred Subsidy Income Noncurrent
DeferredSubsidyIncomeNoncurrent
2286000 usd
CY2022Q4 mvst Deferred Subsidy Income Noncurrent
DeferredSubsidyIncomeNoncurrent
3066000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
39822000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
32082000 usd
CY2021Q4 mvst Long Term Bonds Payable
LongTermBondsPayable
73147000 usd
CY2022Q4 mvst Long Term Bonds Payable
LongTermBondsPayable
43888000 usd
CY2018Q4 mvst Bond Loan
BondLoan
87776000 usd
CY2018Q4 mvst Bond Loan
BondLoan
600000000 cny
CY2018Q4 mvst Equity Holding Pledged Percentage
EquityHoldingPledgedPercentage
0.1239
CY2022Q4 mvst Debt Instrument Of Subscribed Amount
DebtInstrumentOfSubscribedAmount
43888000 usd
CY2022Q4 mvst Debt Instrument Of Subscribed Amount
DebtInstrumentOfSubscribedAmount
300000000 cny
CY2022 mvst Debt Instrument Convertible Amount Subsidiary Value Threshold
DebtInstrumentConvertibleAmountSubsidiaryValueThreshold
950000000 usd
CY2022Q4 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
14629000 usd
CY2022Q4 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
100000000 cny
CY2022Q4 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
14630000 usd
CY2022Q4 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
100000000 cny
CY2022Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.12
CY2018Q4 mvst Aggregate Amount Of Bond Loan
AggregateAmountOfBondLoan
73147000 usd
CY2018Q4 mvst Aggregate Amount Of Bond Loan
AggregateAmountOfBondLoan
500000000 cny
CY2020Q4 mvst Subscribed By Bond Holders
SubscribedByBondHolders
29915000 usd
CY2020Q4 mvst Subscribed By Bond Holders
SubscribedByBondHolders
204500000 cny
CY2021Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
6719845 shares
CY2021Q1 mvst Purchase Agreement To Issue Convertible Promissory Note Amount
PurchaseAgreementToIssueConvertiblePromissoryNoteAmount
57500000 usd
CY2022Q2 mvst Interest Rate
InterestRate
0.06
CY2021 mvst Gain Loss On Changes In Fair Value Of Convertible Notes
GainLossOnChangesInFairValueOfConvertibleNotes
-9861000 usd
CY2021Q3 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
6736106 shares
CY2021Q3 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
27600000 shares
CY2021Q3 mvst Class Of Warrant Or Right Exercisable Period
ClassOfWarrantOrRightExercisablePeriod
P30D
CY2021Q3 mvst Class Of Warrant Or Right Registration Completion Period
ClassOfWarrantOrRightRegistrationCompletionPeriod
P90D
CY2021Q3 mvst Warrant Term
WarrantTerm
P5Y
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
480931000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
55178000 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
536109000 usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1105000 usd
CY2021Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
1105000 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
231420000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
71197000 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
302617000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
126000 usd
CY2022Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
126000 usd
CY2020Q4 mvst Convertible Notes Measured At Fair Value
ConvertibleNotesMeasuredAtFairValue
0 usd
CY2021 mvst Issuance Of Bridge Note
IssuanceOfBridgeNote
57500000 usd
CY2021 mvst Gain Loss On Changes In Fair Value Of Convertible Notes
GainLossOnChangesInFairValueOfConvertibleNotes
-9861000 usd
CY2021 mvst Conversions As Of Merger
ConversionsAsOfMerger
67361000 usd
CY2021Q4 mvst Convertible Notes Measured At Fair Value
ConvertibleNotesMeasuredAtFairValue
0 usd
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1105000 usd
CY2021 mvst Assumed Warrant Liability Upon Merger
AssumedWarrantLiabilityUponMerger
3574000 usd
CY2022 mvst Assumed Warrant Liability Upon Merger
AssumedWarrantLiabilityUponMerger
0 usd
CY2021 mvst Fair Value Recurring Basis Unobservable Input Reconciliation Liability Gain Loss Statement Of Income Extensible List Not Disclosed Flag
FairValueRecurringBasisUnobservableInputReconciliationLiabilityGainLossStatementOfIncomeExtensibleListNotDisclosedFlag
true
CY2022 mvst Fair Value Recurring Basis Unobservable Input Reconciliation Liability Gain Loss Statement Of Income Extensible List Not Disclosed Flag
FairValueRecurringBasisUnobservableInputReconciliationLiabilityGainLossStatementOfIncomeExtensibleListNotDisclosedFlag
true
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
2469000 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
979000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1105000 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
126000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
3030000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
373000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y9M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.049
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
3063000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
548000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2662000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2050000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1549000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1497000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1497000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
12098000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
21353000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5072000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
16281000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
3763000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
3151000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2345000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1879000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1879000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
17109000 usd
CY2021Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
30126000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Holidays
EffectiveIncomeTaxRateReconciliationTaxHolidays
0.80
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Holidays
EffectiveIncomeTaxRateReconciliationTaxHolidays
0.80
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
33000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-3584000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-30040000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-33624000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-206483000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-158167000 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
33000 usd
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
33000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
38858000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
54459000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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EffectiveIncomeTaxRateReconciliationIncomeTaxExpensesAmount
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CY2021 mvst Effective Income Tax Rate Reconciliation Income Tax Expenses Amount
EffectiveIncomeTaxRateReconciliationIncomeTaxExpensesAmount
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EffectiveIncomeTaxRateReconciliationIncomeTaxExpensesAmount
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CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
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NoncontrollingInterestPercentage
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400000000 usd
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RedemptionOfNoncontrollingEquityInterestPercentage
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SimpleAnnualInterest
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CY2021Q1 mvst Payments To Exiting Investors
PaymentsToExitingInvestors
30000000 usd
CY2021Q3 mvst Convertible Of Common Shares
ConvertibleOfCommonShares
17253182 shares
CY2022Q4 mvst Investments In Affiliates Subsidiaries Associates And Joint Venture
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenture
7246000 usd
CY2022Q4 us-gaap Temporary Equity Shares Authorized
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800000000 shares
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TemporaryEquityParOrStatedValuePerShare
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CY2022 mvst Designated As Common Stock Shares
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CY2022 mvst Designated As Redeemable Convertible Preferred Stock
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CommonStockSharesIssued
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CY2021Q3 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
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CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
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6.08
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
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CY2022Q4 mvst Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageGrantDateFairValue
5.00
CY2022Q2 mvst Transition Services Initial Term Period
TransitionServicesInitialTermPeriod
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CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Nonvested
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CY2022Q2 mvst Number Of Executive Officers
NumberOfExecutiveOfficers
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.19
CY2021Q4 mvst Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
4.95
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y10M24D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2900000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
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312586 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
4.87
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.08
CY2022Q4 mvst Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValue
4.80
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y9M18D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y
CY2022 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
88845000 usd
CY2022 us-gaap Net Amount At Risk By Product And Guarantee Weighted Average Period Remaining1
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P1Y7M6D
CY2022Q4 mvst Aggregate Intrinsic Value Of The Share Options
AggregateIntrinsicValueOfTheShareOptions
0 usd
CY2022 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
12448000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
5113000 usd
CY2020 mvst Share Based Compensation Cost Of Sales
ShareBasedCompensationCostOfSales
0 usd
CY2021 mvst Share Based Compensation Cost Of Sales
ShareBasedCompensationCostOfSales
4309000 usd
CY2022 mvst Share Based Compensation Cost Of Sales
ShareBasedCompensationCostOfSales
7712000 usd
CY2020 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
0 usd
CY2021 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
59492000 usd
CY2022 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
67261000 usd
CY2020 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
0 usd
CY2021 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
13064000 usd
CY2022 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
13987000 usd
CY2020 us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
0 usd
CY2021 us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
6029000 usd
CY2022 us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
6745000 usd
CY2020 mvst Share Based Compensation Construction In Process
ShareBasedCompensationConstructionInProcess
0 usd
CY2021 mvst Share Based Compensation Construction In Process
ShareBasedCompensationConstructionInProcess
237000 usd
CY2022 mvst Share Based Compensation Construction In Process
ShareBasedCompensationConstructionInProcess
525000 usd
CY2020 mvst Stock Based Compensation Total
StockBasedCompensationTotal
0 usd
CY2021 mvst Stock Based Compensation Total
StockBasedCompensationTotal
83131000 usd
CY2022 mvst Stock Based Compensation Total
StockBasedCompensationTotal
96230000 usd
CY2020 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
2192000 usd
CY2021 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
2774000 usd
CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
3370000 usd
CY2022 mvst Reserve Percentage
ReservePercentage
0.10
CY2022 mvst Registered Capital Percentage
RegisteredCapitalPercentage
0.50
CY2021Q4 mvst Restricted Net Asset
RestrictedNetAsset
378506000 usd
CY2022Q4 mvst Restricted Net Asset
RestrictedNetAsset
523087000 usd
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
267065000 usd
CY2021Q4 mvst Long Lived Assets Percentage
LongLivedAssetsPercentage
1
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
347779000 usd
CY2022Q4 mvst Long Lived Assets Percentage
LongLivedAssetsPercentage
1
CY2020 us-gaap Revenues
Revenues
107518000 usd
CY2020 mvst Revenues Percentage
RevenuesPercentage
1
CY2021 us-gaap Revenues
Revenues
151976000 usd
CY2021 mvst Revenues Percentage
RevenuesPercentage
1
CY2022 us-gaap Revenues
Revenues
204495000 usd
CY2022 mvst Revenues Percentage
RevenuesPercentage
1
CY2020 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
167000 usd
CY2021 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
390000 usd
CY2022 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 usd
CY2020 mvst Loans From Related Parties
LoansFromRelatedParties
18889000 usd
CY2021 mvst Loans From Related Parties
LoansFromRelatedParties
8426000 usd
CY2022 mvst Loans From Related Parties
LoansFromRelatedParties
0 usd
CY2021Q4 mvst Outstanding Balance Due From Related Party
OutstandingBalanceDueFromRelatedParty
85000 usd
CY2020 mvst Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
-80963000 usd
CY2021 mvst Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
-234103000 usd
CY2022 mvst Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
-158200000 usd
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99028297 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99028297 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
185896482 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
185896482 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
303279188 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
303279188 shares
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.82
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.82
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.26
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.26
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.52
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.52
CY2020 mvst Shares Issuable Upon Exercise Of Share Options
SharesIssuableUponExerciseOfShareOptions
18281198 shares
CY2021 mvst Shares Issuable Upon Exercise Of Share Options
SharesIssuableUponExerciseOfShareOptions
33786356 shares
CY2022 mvst Shares Issuable Upon Exercise Of Share Options
SharesIssuableUponExerciseOfShareOptions
35244877 shares
CY2020 mvst Shares Issuable Upon Vesting Of Non Vested Shares
SharesIssuableUponVestingOfNonVestedShares
72122 shares
CY2021 mvst Shares Issuable Upon Vesting Of Non Vested Shares
SharesIssuableUponVestingOfNonVestedShares
167268 shares
CY2022 mvst Shares Issuable Upon Vesting Of Non Vested Shares
SharesIssuableUponVestingOfNonVestedShares
1399711 shares
CY2020 mvst Shares Issuable Upon Exercise Of Capped Non Vested Shares
SharesIssuableUponExerciseOfCappedNonVestedShares
0 shares
CY2021 mvst Shares Issuable Upon Exercise Of Capped Non Vested Shares
SharesIssuableUponExerciseOfCappedNonVestedShares
0 shares
CY2022 mvst Shares Issuable Upon Exercise Of Capped Non Vested Shares
SharesIssuableUponExerciseOfCappedNonVestedShares
7314598 shares
CY2020 mvst Shares Issuable Upon Exercise Of Warrants
SharesIssuableUponExerciseOfWarrants
0 shares
CY2021 mvst Shares Issuable Upon Exercise Of Warrants
SharesIssuableUponExerciseOfWarrants
12543444 shares
CY2022 mvst Shares Issuable Upon Exercise Of Warrants
SharesIssuableUponExerciseOfWarrants
28437000 shares
CY2020 mvst Shares Issuable Upon Conversion Of Noncontrolling Interests Subsidiary
SharesIssuableUponConversionOfNoncontrollingInterestsSubsidiary
17253182 shares
CY2021 mvst Shares Issuable Upon Conversion Of Noncontrolling Interests Subsidiary
SharesIssuableUponConversionOfNoncontrollingInterestsSubsidiary
9595605 shares
CY2022 mvst Shares Issuable Upon Conversion Of Noncontrolling Interests Subsidiary
SharesIssuableUponConversionOfNoncontrollingInterestsSubsidiary
0 shares
CY2020 mvst Shares Issuable Upon Vesting Of Earnout Shares
SharesIssuableUponVestingOfEarnoutShares
0 shares
CY2021 mvst Shares Issuable Upon Vesting Of Earnout Shares
SharesIssuableUponVestingOfEarnoutShares
8821913 shares
CY2022 mvst Shares Issuable Upon Vesting Of Earnout Shares
SharesIssuableUponVestingOfEarnoutShares
19999988 shares
CY2020 mvst Shares Issuable That May Be Subject To Cancellation In Shares
SharesIssuableThatMayBeSubjectToCancellationInShares
0 shares
CY2021 mvst Shares Issuable That May Be Subject To Cancellation In Shares
SharesIssuableThatMayBeSubjectToCancellationInShares
744349 shares
CY2022 mvst Shares Issuable That May Be Subject To Cancellation In Shares
SharesIssuableThatMayBeSubjectToCancellationInShares
1687500 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
300530516 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
309316011 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
298843016 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
307628511 shares
CY2022 dei Auditor Firm
AuditorFirmId
1113

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