2024 Q2 Form 10-Q Financial Statement
#000176068924000016 Filed on May 09, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
Revenue | $83.68M | $81.35M |
YoY Change | 11.64% | 73.19% |
Cost Of Revenue | $56.48M | $64.13M |
YoY Change | -11.04% | 52.26% |
Gross Profit | $27.20M | $17.23M |
YoY Change | 137.28% | 254.57% |
Gross Profit Margin | 32.5% | 21.17% |
Selling, General & Admin | $28.54M | $29.39M |
YoY Change | -3.12% | 15.81% |
% of Gross Profit | 104.93% | 170.6% |
Research & Development | $10.11M | $11.49M |
YoY Change | 6.31% | 5.81% |
% of Gross Profit | 37.16% | 66.72% |
Depreciation & Amortization | $7.708M | $7.591M |
YoY Change | 51.17% | 48.93% |
% of Gross Profit | 28.34% | 44.07% |
Operating Expenses | $103.6M | $40.88M |
YoY Change | 165.77% | 12.81% |
Operating Profit | -$75.63M | -$23.12M |
YoY Change | 181.49% | -26.14% |
Interest Expense | -$1.848M | $1.732M |
YoY Change | -479.47% | 277.34% |
% of Operating Profit | ||
Other Income/Expense, Net | $601.0K | -$136.0K |
YoY Change | -347.33% | -117.24% |
Pretax Income | -$78.44M | -$24.83M |
YoY Change | 200.79% | -16.05% |
Income Tax | $0.00 | $0.00 |
% Of Pretax Income | ||
Net Earnings | -$78.44M | -$24.83M |
YoY Change | 200.67% | -16.08% |
Net Earnings / Revenue | -93.74% | -30.52% |
Basic Earnings Per Share | -$0.25 | -$0.08 |
Diluted Earnings Per Share | -$0.25 | -$0.08 |
COMMON SHARES | ||
Basic Shares Outstanding | 317.2M shares | 317.2M shares |
Diluted Shares Outstanding | 315.5M shares | 315.4M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $68.18M | $39.45M |
YoY Change | -59.48% | -82.51% |
Cash & Equivalents | $68.18M | $39.45M |
Short-Term Investments | $0.00 | $0.00 |
Other Short-Term Assets | $81.51M | $65.67M |
YoY Change | 69.24% | -10.82% |
Inventory | $152.5M | $137.3M |
Prepaid Expenses | ||
Receivables | $105.0M | $123.5M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $418.0M | $378.2M |
YoY Change | -2.1% | -23.92% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $519.4M | $616.5M |
YoY Change | 4.34% | 39.15% |
Goodwill | ||
YoY Change | ||
Intangibles | $2.854M | $2.985M |
YoY Change | -14.63% | -19.13% |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $11.49M | $9.954M |
YoY Change | -68.59% | -65.81% |
Total Long-Term Assets | $566.5M | $662.5M |
YoY Change | -0.73% | 30.68% |
TOTAL ASSETS | ||
Total Short-Term Assets | $418.0M | $378.2M |
Total Long-Term Assets | $566.5M | $662.5M |
Total Assets | $984.6M | $1.041B |
YoY Change | -1.31% | 3.65% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $79.89M | $83.07M |
YoY Change | 47.08% | 101.42% |
Accrued Expenses | $28.40M | $27.18M |
YoY Change | 157.43% | 164.46% |
Deferred Revenue | $40.81M | $41.28M |
YoY Change | -23.08% | -22.21% |
Short-Term Debt | $60.03M | $41.03M |
YoY Change | 231.37% | 87.87% |
Long-Term Debt Due | $60.03M | |
YoY Change | ||
Total Short-Term Liabilities | $372.5M | $366.6M |
YoY Change | 27.28% | 31.99% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $90.67M | $86.19M |
YoY Change | 21.03% | 18.05% |
Other Long-Term Liabilities | $26.68M | $25.24M |
YoY Change | -16.75% | -19.41% |
Total Long-Term Liabilities | $26.68M | $25.24M |
YoY Change | -16.75% | -19.41% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $372.5M | $366.6M |
Total Long-Term Liabilities | $26.68M | $25.24M |
Total Liabilities | $506.5M | $494.5M |
YoY Change | 21.17% | 24.2% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$1.001B | -$922.3M |
YoY Change | 18.18% | 12.38% |
Common Stock | $32.00K | $32.00K |
YoY Change | 3.23% | 3.23% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $478.1M | $546.1M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $984.6M | $1.041B |
YoY Change | -1.31% | 3.65% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$78.44M | -$24.83M |
YoY Change | 200.67% | -16.08% |
Depreciation, Depletion And Amortization | $7.708M | $7.591M |
YoY Change | 51.17% | 48.93% |
Cash From Operating Activities | $111.0K | $2.031M |
YoY Change | -100.37% | -118.19% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $2.945M | $10.24M |
YoY Change | -94.9% | -71.49% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $28.00K | $5.716M |
YoY Change | -78.79% | 5792.78% |
Cash From Investing Activities | -$2.917M | -$4.525M |
YoY Change | -94.93% | -87.37% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 22.23M | $6.260M |
YoY Change | 2345.32% | 42.79% |
NET CHANGE | ||
Cash From Operating Activities | 111.0K | $2.031M |
Cash From Investing Activities | -2.917M | -$4.525M |
Cash From Financing Activities | 22.23M | $6.260M |
Net Change In Cash | 19.42M | -$1.485M |
YoY Change | -122.45% | -96.48% |
FREE CASH FLOW | ||
Cash From Operating Activities | $111.0K | $2.031M |
Capital Expenditures | $2.945M | $10.24M |
Free Cash Flow | -$2.834M | -$8.210M |
YoY Change | -96.76% | -82.56% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
616508000 | usd |
CY2023Q4 | mvst |
Land Use Rights Net
LandUseRightsNet
|
11984000 | usd |
CY2024Q1 | mvst |
Land Use Rights Net
LandUseRightsNet
|
11712000 | usd |
CY2023Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
3136000 | usd |
CY2024Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
2985000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
19507000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
18777000 | usd |
CY2023Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
9661000 | usd |
CY2024Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
9954000 | usd |
CY2023Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
35392000 | usd |
CY2024Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
41034000 | usd |
CY2023Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
655000 | usd |
CY2024Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
653000 | usd |
CY2023Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
403410000 | usd |
CY2024Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
366620000 | usd |
CY2023Q4 | mvst |
Long Term Bonds Payables
LongTermBondsPayables
|
43157000 | usd |
CY2024Q1 | mvst |
Long Term Bonds Payables
LongTermBondsPayables
|
43157000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
43761000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
43031000 | usd |
CY2023Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
67000 | usd |
CY2024Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
25000 | usd |
CY2023Q4 | us-gaap |
Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
|
199000 | usd |
CY2024Q1 | us-gaap |
Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
|
197000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
17087000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
16234000 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
24861000 | usd |
CY2024Q1 | us-gaap |
Liabilities
Liabilities
|
494502000 | usd |
CY2023Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2024Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
750000000 | shares |
CY2024Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
750000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
316694442 | shares |
CY2024Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
317196095 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
315006942 | shares |
CY2024Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
315508595 | shares |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
32000 | usd |
CY2024Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
32000 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
1481241000 | usd |
CY2023Q4 | us-gaap |
Statutory Accounting Practices Statutory Capital And Surplus Balance
StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance
|
6032000 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-897501000 | usd |
CY2024Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-922326000 | usd |
CY2023Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-25614000 | usd |
CY2024Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-30731000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-29571000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
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CY2024Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
41276000 | usd |
CY2024Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
25238000 | usd |
CY2023Q4 | us-gaap |
Liabilities
Liabilities
|
532542000 | usd |
CY2024Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
1493139000 | usd |
CY2024Q1 | us-gaap |
Statutory Accounting Practices Statutory Capital And Surplus Balance
StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance
|
6032000 | usd |
CY2023Q4 | us-gaap |
Assets Current
AssetsCurrent
|
425606000 | usd |
CY2024Q1 | us-gaap |
Assets Current
AssetsCurrent
|
378152000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
6171000 | usd |
CY2024Q1 | us-gaap |
Restricted Cash Noncurrent
RestrictedCashNoncurrent
|
2560000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
620667000 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
1096732000 | usd |
CY2024Q1 | us-gaap |
Assets
Assets
|
1040648000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
112618000 | usd |
CY2024Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
83071000 | usd |
CY2023Q4 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
63374000 | usd |
CY2024Q1 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
63355000 | usd |
CY2023Q4 | mvst |
Accrued Expenses And Other Liabilities Current
AccruedExpensesAndOtherLiabilitiesCurrent
|
148284000 | usd |
CY2024Q1 | mvst |
Accrued Expenses And Other Liabilities Current
AccruedExpensesAndOtherLiabilitiesCurrent
|
137231000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
564190000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
546146000 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1096732000 | usd |
CY2024Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1040648000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
46973000 | usd |
CY2024Q1 | us-gaap |
Revenues
Revenues
|
81351000 | usd |
CY2023Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
42115000 | usd |
CY2024Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
64126000 | usd |
CY2023Q1 | us-gaap |
Gross Profit
GrossProfit
|
4858000 | usd |
CY2024Q1 | us-gaap |
Gross Profit
GrossProfit
|
17225000 | usd |
CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
20385000 | usd |
CY2024Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
23794000 | usd |
CY2023Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
10861000 | usd |
CY2024Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
11492000 | usd |
CY2023Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
4988000 | usd |
CY2024Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
5591000 | usd |
CY2023Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
36234000 | usd |
CY2024Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
40877000 | usd |
CY2023Q1 | mvst |
Subsidy Income
SubsidyIncome
|
77000 | usd |
CY2024Q1 | mvst |
Subsidy Income
SubsidyIncome
|
534000 | usd |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-31299000 | usd |
CY2024Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-23118000 | usd |
CY2023Q1 | mvst |
Interest Income
InterestIncome
|
1381000 | usd |
CY2024Q1 | mvst |
Interest Income
InterestIncome
|
119000 | usd |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
459000 | usd |
CY2024Q1 | us-gaap |
Interest Expense
InterestExpense
|
1732000 | usd |
CY2023Q1 | mvst |
Gain On Change In Fair Value Of Warrant Liability
GainOnChangeInFairValueOfWarrantLiability
|
17000 | usd |
CY2024Q1 | mvst |
Gain On Change In Fair Value Of Warrant Liability
GainOnChangeInFairValueOfWarrantLiability
|
42000 | usd |
CY2023Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
789000 | usd |
CY2024Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-136000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-29571000 | usd |
CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-24825000 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-29571000 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-24825000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
10000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
0 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-29581000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-24825000 | usd |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.10 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.10 | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.08 | |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.08 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
307714841 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
307714841 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
315367121 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
315367121 | shares |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-29571000 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-24825000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
2188000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-5117000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-27383000 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-29942000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-22000 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
0 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-27361000 | usd |
CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-29942000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
612977000 | usd |
CY2023Q1 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
2174000 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
18061000 | usd |
CY2023Q1 | us-gaap |
Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
|
2188000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
605829000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-29571000 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-24825000 | usd |
CY2023Q1 | mvst |
Gain Loss On Disposal Of Property Plant And Equipment
GainLossOnDisposalOfPropertyPlantAndEquipment
|
824000 | usd |
CY2024Q1 | mvst |
Gain Loss On Disposal Of Property Plant And Equipment
GainLossOnDisposalOfPropertyPlantAndEquipment
|
-34000 | usd |
CY2023Q1 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
4892000 | usd |
CY2024Q1 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
7470000 | usd |
CY2023Q1 | mvst |
Amortization Of Land Use Right And Intangible Assets
AmortizationOfLandUseRightAndIntangibleAssets
|
205000 | usd |
CY2024Q1 | mvst |
Amortization Of Land Use Right And Intangible Assets
AmortizationOfLandUseRightAndIntangibleAssets
|
194000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
658000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
664000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
17929000 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11865000 | usd |
CY2023Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-17000 | usd |
CY2024Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-42000 | usd |
CY2023Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-1094000 | usd |
CY2024Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
578000 | usd |
CY2023Q1 | us-gaap |
Product Warranty Expense
ProductWarrantyExpense
|
2530000 | usd |
CY2024Q1 | us-gaap |
Product Warranty Expense
ProductWarrantyExpense
|
3269000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
|
21340000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
|
-10577000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-32293000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-12011000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
7039000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-16341000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
857000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-4305000 | usd |
CY2023Q1 | mvst |
Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
|
2493000 | usd |
CY2024Q1 | mvst |
Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
|
323000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-288000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
275000 | usd |
CY2023Q1 | mvst |
Increase Decrease In Notes Payable
IncreaseDecreaseInNotesPayable
|
-936000 | usd |
CY2024Q1 | mvst |
Increase Decrease In Notes Payable
IncreaseDecreaseInNotesPayable
|
1042000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-3956000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-27843000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-1179000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-1694000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-3434000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-10623000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
1239000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-500000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-108000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-126000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-11166000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2031000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
35922000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
10241000 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
243000 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
0 | usd |
CY2023Q1 | mvst |
Proceeds On Disposal Of Property Plant And Equipment
ProceedsOnDisposalOfPropertyPlantAndEquipment
|
340000 | usd |
CY2024Q1 | mvst |
Proceeds On Disposal Of Property Plant And Equipment
ProceedsOnDisposalOfPropertyPlantAndEquipment
|
152000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
0 | usd |
CY2024Q1 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
5564000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-35825000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4525000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
4384000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
18780000 | usd |
CY2023Q1 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
0 | usd |
CY2024Q1 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
12520000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4384000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
6260000 | usd |
CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
470000 | usd |
CY2024Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-5251000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-42137000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1485000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
302617000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
88189000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
260480000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
86704000 | usd |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
200305000 | usd |
CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
39451000 | usd |
CY2023Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
60175000 | usd |
CY2024Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
47253000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
260480000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
86704000 | usd |
CY2023Q1 | mvst |
Payable For Purchase Of Property Plant And Equipment
PayableForPurchaseOfPropertyPlantAndEquipment
|
58121000 | usd |
CY2024Q1 | mvst |
Payable For Purchase Of Property Plant And Equipment
PayableForPurchaseOfPropertyPlantAndEquipment
|
92817000 | usd |
CY2024Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS<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 on October 12, 2006 and re-domiciled to the State of Delaware on December 31, 2015. On July 23, 2021 (the “Closing Date”), Microvast, Inc. and Tuscan Holdings Corp.(“Tuscan”) consummated the previously announced merger (the “Merger” or the "Business Combination"), 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><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">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”). </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company 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.</span></div> | |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
46973000 | usd |
CY2024Q1 | us-gaap |
Revenues
Revenues
|
81351000 | usd |
CY2023Q1 | us-gaap |
Gross Profit
GrossProfit
|
4858000 | usd |
CY2024Q1 | us-gaap |
Gross Profit
GrossProfit
|
17225000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-29571000 | usd |
CY2023Q4 | mvst |
Accrued Payroll And Welfare
AccruedPayrollAndWelfare
|
8089000 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-24825000 | usd |
CY2024Q1 | mvst |
Working Capital
WorkingCapital
|
11532000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
546146000 | usd |
CY2024Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-922326000 | usd |
CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
39451000 | usd |
CY2024Q1 | mvst |
Bank Borrowings Ending Balance
BankBorrowingsEndingBalance
|
84065000 | usd |
CY2024Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
41034000 | usd |
CY2024Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
325586000 | usd |
CY2024Q1 | us-gaap |
Debt Default Longterm Debt Amount
DebtDefaultLongtermDebtAmount
|
5456000 | usd |
CY2024Q1 | mvst |
Liens Amount
LiensAmount
|
31713000 | usd |
CY2023Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
46973000 | usd |
CY2024Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
81351000 | usd |
CY2023Q1 | mvst |
Revenue Related To Contracts Balance
RevenueRelatedToContractsBalance
|
1788000 | usd |
CY2024Q1 | mvst |
Revenue Related To Contracts Balance
RevenueRelatedToContractsBalance
|
3922000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
18777000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
18760000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
2526000 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
143288000 | usd |
CY2024Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
128608000 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
4571000 | usd |
CY2024Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
5065000 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
138717000 | usd |
CY2024Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
123543000 | usd |
CY2022Q4 | mvst |
Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
|
4407000 | usd |
CY2023Q4 | mvst |
Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
|
4571000 | usd |
CY2024Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
578000 | usd |
CY2023Q1 | mvst |
Accounts Receivable Write Off
AccountsReceivableWriteOff
|
66000 | usd |
CY2024Q1 | mvst |
Accounts Receivable Write Off
AccountsReceivableWriteOff
|
0 | usd |
CY2023Q1 | mvst |
Accounts Receivable Exchange Difference
AccountsReceivableExchangeDifference
|
23000 | usd |
CY2024Q1 | mvst |
Accounts Receivable Exchange Difference
AccountsReceivableExchangeDifference
|
-84000 | usd |
CY2023Q1 | mvst |
Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
|
3270000 | usd |
CY2024Q1 | mvst |
Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
|
5065000 | usd |
CY2023Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
86379000 | usd |
CY2024Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
82681000 | usd |
CY2023Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
35867000 | usd |
CY2024Q1 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
37043000 | usd |
CY2023Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
27503000 | usd |
CY2024Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
17606000 | usd |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
149749000 | usd |
CY2024Q1 | us-gaap |
Inventory Net
InventoryNet
|
137330000 | usd |
CY2023Q1 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | usd |
CY2024Q1 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
5472000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
5431000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2336000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2446000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
3136000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2985000 | usd |
CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
129000 | usd |
CY2024Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
121000 | usd |
CY2023Q1 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
0 | usd |
CY2024Q1 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
0 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
362000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
480000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
478000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
472000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
382000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
376000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
435000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2985000 | usd |
CY2023Q4 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
13738000 | usd |
CY2024Q1 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
13401000 | usd |
CY2023Q4 | mvst |
Payables For Purchase Of Property Plant And Equipment
PayablesForPurchaseOfPropertyPlantAndEquipment
|
96350000 | usd |
CY2024Q1 | mvst |
Payables For Purchase Of Property Plant And Equipment
PayablesForPurchaseOfPropertyPlantAndEquipment
|
92817000 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
14312000 | usd |
CY2024Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
16666000 | usd |
CY2024Q1 | mvst |
Accrued Payroll And Welfare
AccruedPayrollAndWelfare
|
5966000 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
6224000 | usd |
CY2024Q1 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
4872000 | usd |
CY2023Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
41000 | usd |
CY2024Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
411000 | usd |
CY2023Q4 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
|
7117000 | usd |
CY2024Q1 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
|
572000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
2413000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
2526000 | usd |
CY2023Q4 | mvst |
Accrued Expense And Other Liabilities Current
AccruedExpenseAndOtherLiabilitiesCurrent
|
148284000 | usd |
CY2024Q1 | mvst |
Accrued Expense And Other Liabilities Current
AccruedExpenseAndOtherLiabilitiesCurrent
|
137231000 | usd |
CY2022Q4 | mvst |
Movement Of Product Warranty Opening Balance
MovementOfProductWarrantyOpeningBalance
|
42060000 | usd |
CY2023Q4 | mvst |
Movement Of Product Warranty Opening Balance
MovementOfProductWarrantyOpeningBalance
|
35217000 | usd |
CY2023Q1 | mvst |
Warranty Expense Provided During The Period
WarrantyExpenseProvidedDuringThePeriod
|
2530000 | usd |
CY2024Q1 | mvst |
Warranty Expense Provided During The Period
WarrantyExpenseProvidedDuringThePeriod
|
3269000 | usd |
CY2023Q1 | mvst |
Utilization Of The Product Warranty During The Period
UtilizationOfTheProductWarrantyDuringThePeriod
|
5172000 | usd |
CY2024Q1 | mvst |
Utilization Of The Product Warranty During The Period
UtilizationOfTheProductWarrantyDuringThePeriod
|
2448000 | usd |
CY2023Q1 | mvst |
Warranty Expense Exchange Difference During The Period
WarrantyExpenseExchangeDifferenceDuringThePeriod
|
192000 | usd |
CY2024Q1 | mvst |
Warranty Expense Exchange Difference During The Period
WarrantyExpenseExchangeDifferenceDuringThePeriod
|
-590000 | usd |
CY2023Q1 | mvst |
Movement Of Product Warranty Ending Balance
MovementOfProductWarrantyEndingBalance
|
39610000 | usd |
CY2024Q1 | mvst |
Movement Of Product Warranty Ending Balance
MovementOfProductWarrantyEndingBalance
|
35448000 | usd |
CY2023Q4 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
13738000 | usd |
CY2024Q1 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
13401000 | usd |
CY2023Q4 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
21479000 | usd |
CY2024Q1 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
22047000 | usd |
CY2023Q4 | mvst |
Product Warranty Total
ProductWarrantyTotal
|
35217000 | usd |
CY2024Q1 | mvst |
Product Warranty Total
ProductWarrantyTotal
|
35448000 | usd |
CY2023Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
524000 | usd |
CY2024Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
0 | usd |
CY2022Q4 | mvst |
Bank Borrowings Beginning Balance
BankBorrowingsBeginningBalance
|
46395000 | usd |
CY2023Q4 | mvst |
Bank Borrowings Beginning Balance
BankBorrowingsBeginningBalance
|
79153000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
4384000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
18780000 | usd |
CY2023Q1 | mvst |
Repayments Of Principal
RepaymentsOfPrincipal
|
0 | usd |
CY2024Q1 | mvst |
Repayments Of Principal
RepaymentsOfPrincipal
|
12520000 | usd |
CY2023Q1 | mvst |
Exchange Difference
ExchangeDifference
|
185000 | usd |
CY2024Q1 | mvst |
Exchange Difference
ExchangeDifference
|
-1348000 | usd |
CY2023Q1 | mvst |
Bank Borrowings Ending Balance
BankBorrowingsEndingBalance
|
50964000 | usd |
CY2024Q1 | mvst |
Bank Borrowings Ending Balance
BankBorrowingsEndingBalance
|
84065000 | usd |
CY2023Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
35392000 | usd |
CY2024Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
41034000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
43761000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
43031000 | usd |
CY2023Q4 | us-gaap |
Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
|
79153000 | usd |
CY2024Q1 | us-gaap |
Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
|
84065000 | usd |
CY2023Q4 | mvst |
Pledged Buildings
PledgedBuildings
|
124565000 | usd |
CY2024Q1 | mvst |
Pledged Buildings
PledgedBuildings
|
120960000 | usd |
CY2023Q4 | mvst |
Pledged Machinery And Equipment
PledgedMachineryAndEquipment
|
0 | usd |
CY2024Q1 | mvst |
Pledged Machinery And Equipment
PledgedMachineryAndEquipment
|
7768000 | usd |
CY2023Q4 | mvst |
Pledged Land Use Rights
PledgedLandUseRights
|
11984000 | usd |
CY2024Q1 | mvst |
Pledged Land Use Rights
PledgedLandUseRights
|
11712000 | usd |
CY2023Q4 | mvst |
Pledged Construction In Progress
PledgedConstructionInProgress
|
0 | usd |
CY2024Q1 | mvst |
Pledged Construction In Progress
PledgedConstructionInProgress
|
599000 | usd |
CY2023Q4 | mvst |
Pledged Total Asset
PledgedTotalAsset
|
136549000 | usd |
CY2024Q1 | mvst |
Pledged Total Asset
PledgedTotalAsset
|
141039000 | usd |
CY2023Q4 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
21479000 | usd |
CY2024Q1 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
22047000 | usd |
CY2023Q4 | mvst |
Deferred Subsidy Income Noncurrent
DeferredSubsidyIncomeNoncurrent
|
3382000 | usd |
CY2024Q1 | mvst |
Deferred Subsidy Income Noncurrent
DeferredSubsidyIncomeNoncurrent
|
3191000 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
24861000 | usd |
CY2024Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
25238000 | usd |
CY2023Q4 | mvst |
Long Term Bonds Payable
LongTermBondsPayable
|
43157000 | usd |
CY2024Q1 | mvst |
Long Term Bonds Payable
LongTermBondsPayable
|
43157000 | usd |
CY2018Q4 | mvst |
Bond Loan
BondLoan
|
87776000 | usd |
CY2018Q4 | mvst |
Bond Loan
BondLoan
|
600000000 | cny |
CY2018Q4 | mvst |
Equity Holding Pledged Percentage
EquityHoldingPledgedPercentage
|
0.1239 | |
CY2024Q1 | 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 |
CY2024Q1 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.12 | |
CY2024Q1 | mvst |
Debt Instrument Of Subscribed Amount
DebtInstrumentOfSubscribedAmount
|
43157000 | usd |
CY2024Q1 | mvst |
Debt Instrument Of Subscribed Amount
DebtInstrumentOfSubscribedAmount
|
295000000 | cny |
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 |
Warrant Term
WarrantTerm
|
P5Y | |
CY2023Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
44541000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
43648000 | usd |
CY2023Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
88189000 | usd |
CY2023Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
67000 | usd |
CY2023Q4 | us-gaap |
Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
|
67000 | usd |
CY2024Q1 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
39451000 | usd |
CY2024Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
47253000 | usd |
CY2024Q1 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
86704000 | usd |
CY2024Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
25000 | usd |
CY2024Q1 | us-gaap |
Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
|
25000 | usd |
CY2022Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
126000 | usd |
CY2023Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
67000 | usd |
CY2023Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
|
17000 | usd |
CY2024Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
|
42000 | usd |
CY2023Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
109000 | usd |
CY2024Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
25000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
860000 | usd |
CY2024Q1 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
159000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P10Y | |
CY2024Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.052 | |
CY2024Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
869000 | usd |
CY2024Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
466000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
2661000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
2810000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
2539000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
2396000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
1820000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
1628000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
9901000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
23755000 | usd |
CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
4995000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
18760000 | usd |
CY2021Q3 | us-gaap |
Standby Bond Purchase Commitment Expiration Period
StandbyBondPurchaseCommitmentExpirationPeriod
|
P10Y | |
CY2021Q3 | mvst |
Exchange Ratio
ExchangeRatio
|
160.3 | |
CY2021Q3 | mvst |
Common Stock Reserved For Esop Plan
CommonStockReservedForESOPPlan
|
0.05 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
36091071 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
6.08 | |
CY2022Q4 | mvst |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValueOutstanding
|
4.80 | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P6Y9M18D | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
240000 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
1.25 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0.67 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
128239 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
6.28 | |
CY2023Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
|
4.86 | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
36202832 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
6.05 | |
CY2023Q1 | mvst |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValueOutstanding
|
4.77 | |
CY2023Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P6Y7M6D | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
|
36202832 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
|
6.05 | |
CY2023Q1 | mvst |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value Expected To Vest And Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValueExpectedToVestAndExercisable
|
4.77 | |
CY2023Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
|
P6Y7M6D | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
11779651 | shares |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
6.19 | |
CY2023Q1 | mvst |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageGrantDateFairValue
|
5.00 | |
CY2023Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P6Y8M12D | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
32876682 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
6.01 | |
CY2023Q4 | mvst |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValueOutstanding
|
4.73 | |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y8M12D | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
884470 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
4.11 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
|
2.68 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
31992212 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
6.06 | |
CY2024Q1 | mvst |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValueOutstanding
|
4.78 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y6M | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
|
31992212 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
|
6.06 | |
CY2024Q1 | mvst |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value Expected To Vest And Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValueExpectedToVestAndExercisable
|
4.78 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
|
P5Y6M | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
20875499 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
6.13 | |
CY2024Q1 | mvst |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageGrantDateFairValue
|
4.88 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P5Y6M | |
CY2024Q1 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
17104000 | usd |
CY2024Q1 | us-gaap |
Net Amount At Risk By Product And Guarantee Weighted Average Period Remaining1
NetAmountAtRiskByProductAndGuaranteeWeightedAveragePeriodRemaining1
|
P0Y4M24D | |
CY2024Q1 | mvst |
Aggregate Intrinsic Value Of The Share Options
AggregateIntrinsicValueOfTheShareOptions
|
0 | usd |
CY2024Q1 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
1557000 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
|
4196000 | usd |
CY2023Q1 | mvst |
Share Based Compensation Cost Of Sales
ShareBasedCompensationCostOfSales
|
1504000 | usd |
CY2024Q1 | mvst |
Share Based Compensation Cost Of Sales
ShareBasedCompensationCostOfSales
|
1138000 | usd |
CY2023Q1 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
12168000 | usd |
CY2024Q1 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
8167000 | usd |
CY2023Q1 | us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
3014000 | usd |
CY2024Q1 | us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
1777000 | usd |
CY2023Q1 | us-gaap |
Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
|
1243000 | usd |
CY2024Q1 | us-gaap |
Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
|
783000 | usd |
CY2023Q1 | mvst |
Share Based Compensation Construction In Process
ShareBasedCompensationConstructionInProcess
|
140000 | usd |
CY2024Q1 | mvst |
Share Based Compensation Construction In Process
ShareBasedCompensationConstructionInProcess
|
31000 | usd |
CY2023Q1 | mvst |
Stock Based Compensation Total
StockBasedCompensationTotal
|
18069000 | usd |
CY2024Q1 | mvst |
Stock Based Compensation Total
StockBasedCompensationTotal
|
11896000 | usd |
CY2023Q1 | mvst |
Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
|
-29581000 | usd |
CY2024Q1 | mvst |
Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
|
-24825000 | usd |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
307714841 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
307714841 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
315367121 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
315367121 | shares |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.10 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.10 | |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.08 | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.08 | |
CY2024Q1 | us-gaap |
Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
|
1251000 | usd |
CY2024Q1 | mvst |
Liens Amount
LiensAmount
|
31713000 | usd |
CY2024Q1 | us-gaap |
Debt Default Longterm Debt Amount
DebtDefaultLongtermDebtAmount
|
5456000 | usd |