2024 Q4 Form 10-Q Financial Statement

#000176068924000046 Filed on November 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $101.4M
YoY Change 26.55%
Cost Of Revenue $67.78M
YoY Change 8.91%
Gross Profit $33.61M
YoY Change 87.94%
Gross Profit Margin 33.15%
Selling, General & Admin $16.80M
YoY Change -46.54%
% of Gross Profit 49.99%
Research & Development $10.69M
YoY Change -19.25%
% of Gross Profit 31.81%
Depreciation & Amortization $7.724M
YoY Change 53.38%
% of Gross Profit 22.98%
Operating Expenses $27.51M
YoY Change -38.43%
Operating Profit $7.186M
YoY Change -127.27%
Interest Expense -$4.104M
YoY Change -935.85%
% of Operating Profit -57.11%
Other Income/Expense, Net $7.399M
YoY Change 5725.98%
Pretax Income $13.25M
YoY Change -150.62%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $13.25M
YoY Change -150.7%
Net Earnings / Revenue 13.07%
Basic Earnings Per Share $0.04
Diluted Earnings Per Share $0.03
COMMON SHARES
Basic Shares Outstanding 323.8M shares 323.8M shares
Diluted Shares Outstanding 367.0M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.59M
YoY Change -31.55%
Cash & Equivalents $63.59M
Short-Term Investments $0.00
Other Short-Term Assets $83.74M
YoY Change 75.77%
Inventory $157.8M
Prepaid Expenses
Receivables $121.5M
Other Receivables $0.00
Total Short-Term Assets $437.6M
YoY Change 8.33%
LONG-TERM ASSETS
Property, Plant & Equipment $527.2M
YoY Change -4.07%
Goodwill
YoY Change
Intangibles $2.788M
YoY Change -13.15%
Long-Term Investments
YoY Change
Other Assets $11.09M
YoY Change -61.14%
Total Long-Term Assets $583.4M
YoY Change -4.77%
TOTAL ASSETS
Total Short-Term Assets $437.6M
Total Long-Term Assets $583.4M
Total Assets $1.021B
YoY Change 0.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $65.59M
YoY Change -31.17%
Accrued Expenses $23.36M
YoY Change 128.5%
Deferred Revenue $42.95M
YoY Change -21.17%
Short-Term Debt $66.18M
YoY Change 166.65%
Long-Term Debt Due $66.18M
YoY Change
Total Short-Term Liabilities $335.9M
YoY Change -0.15%
LONG-TERM LIABILITIES
Long-Term Debt $121.0M
YoY Change 61.89%
Other Long-Term Liabilities $38.49M
YoY Change 84.88%
Total Long-Term Liabilities $38.49M
YoY Change 84.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $335.9M
Total Long-Term Liabilities $38.49M
Total Liabilities $511.8M
YoY Change 13.93%
SHAREHOLDERS EQUITY
Retained Earnings -$987.5M
YoY Change 13.12%
Common Stock $33.00K
YoY Change 3.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $509.2M
YoY Change
Total Liabilities & Shareholders Equity $1.021B
YoY Change 0.44%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $13.25M
YoY Change -150.7%
Depreciation, Depletion And Amortization $7.724M
YoY Change 53.38%
Cash From Operating Activities -$5.429M
YoY Change -81.5%
INVESTING ACTIVITIES
Capital Expenditures $14.18M
YoY Change -76.34%
Acquisitions
YoY Change
Other Investing Activities $9.650M
YoY Change 4208.04%
Cash From Investing Activities -$4.530M
YoY Change -92.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 18.15M
YoY Change 164.42%
NET CHANGE
Cash From Operating Activities -$5.429M
Cash From Investing Activities -4.530M
Cash From Financing Activities 18.15M
Net Change In Cash -$5.429M
YoY Change -93.4%
FREE CASH FLOW
Cash From Operating Activities -$5.429M
Capital Expenditures $14.18M
Free Cash Flow -$19.61M
YoY Change -78.04%

Facts In Submission

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CY2023Q3 us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Net Income Loss
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CY2023Q3 us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Profit Loss
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CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2024Q3 us-gaap Comprehensive Income Net Of Tax
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CY2023Q3 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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mvst Revenue Related To Contracts Balance
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mvst Revenue Related To Contracts Balance
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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mvst Accounts Receivable Write Off
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mvst Accounts Receivable Write Off
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us-gaap Allowance For Doubtful Accounts Receivable Recoveries
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mvst Accounts Receivable Exchange Difference
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mvst Accounts Receivable Exchange Difference
AccountsReceivableExchangeDifference
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CY2024Q3 mvst Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
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CY2023Q3 mvst Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
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us-gaap Inventory Write Down
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us-gaap Inventory Write Down
InventoryWriteDown
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CY2023Q4 us-gaap Product Warranty Accrual Classified Current
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PayablesForPurchaseOfPropertyPlantAndEquipment
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CY2023Q4 mvst Payables For Purchase Of Property Plant And Equipment
PayablesForPurchaseOfPropertyPlantAndEquipment
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CY2023Q4 us-gaap Other Liabilities Current
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CY2023Q4 us-gaap Interest Payable Current
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CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
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CY2024Q2 us-gaap Product Warranty Accrual
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CY2023Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2023Q4 us-gaap Product Warranty Accrual
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CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2023Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
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us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
10353000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
9017000 usd
CY2024Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
3970000 usd
CY2023Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
7125000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
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us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
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CY2024Q3 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
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CY2023Q3 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
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us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
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CY2024Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
35454000 usd
CY2023Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2024Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2023Q3 us-gaap Product Warranty Accrual
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ProductWarrantyAccrualClassifiedCurrent
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ProductWarrantyAccrualNoncurrent
27303000 usd
CY2023Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
21479000 usd
CY2024Q3 mvst Product Warranty Total
ProductWarrantyTotal
35454000 usd
CY2023Q4 mvst Product Warranty Total
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CY2022Q4 us-gaap Repayments Of Convertible Debt
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us-gaap Short Term Lease Cost
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dei Entity Central Index Key
EntityCentralIndexKey
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CY2023Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
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CY2023Q4 us-gaap Liabilities Current
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RetainedEarningsAccumulatedDeficit
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us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2024Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
24720000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q3 us-gaap Profit Loss
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
15985000 usd
CY2023Q3 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
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CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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mvst Gain Loss On Disposal Of Property Plant And Equipment
GainLossOnDisposalOfPropertyPlantAndEquipment
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mvst Gain Loss On Disposal Of Property Plant And Equipment
GainLossOnDisposalOfPropertyPlantAndEquipment
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us-gaap Interest Expense Operating
InterestExpenseOperating
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us-gaap Interest Expense Operating
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us-gaap Depreciation Nonproduction
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us-gaap Depreciation Nonproduction
DepreciationNonproduction
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mvst Amortization Of Land Use Right And Intangible Assets
AmortizationOfLandUseRightAndIntangibleAssets
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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mvst Gain On Change In Fair Value Of Warrant Liability And Convertible Note
GainOnChangeInFairValueOfWarrantLiabilityAndConvertibleNote
1240000 usd
mvst Gain On Change In Fair Value Of Warrant Liability And Convertible Note
GainOnChangeInFairValueOfWarrantLiabilityAndConvertibleNote
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us-gaap Provision For Doubtful Accounts
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us-gaap Provision For Doubtful Accounts
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mvst Provision For Obsolete Inventories
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mvst Provision For Obsolete Inventories
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us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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64924000 usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
473000 usd
us-gaap Product Warranty Expense
ProductWarrantyExpense
10353000 usd
us-gaap Product Warranty Expense
ProductWarrantyExpense
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IncreaseDecreaseInNotesReceivables
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us-gaap Increase Decrease In Notes Receivables
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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12666000 usd
mvst Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
1821000 usd
mvst Increase Decrease In Operating Lease Right Of Use Asset
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us-gaap Increase Decrease In Other Noncurrent Assets
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us-gaap Increase Decrease In Other Noncurrent Assets
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us-gaap Increase Decrease In Other Accounts Payable
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us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Increase Decrease In Operating Lease Liability
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2760000 usd
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
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us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
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mvst Proceeds On Disposal Of Property Plant And Equipment
ProceedsOnDisposalOfPropertyPlantAndEquipment
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mvst Proceeds On Disposal Of Property Plant And Equipment
ProceedsOnDisposalOfPropertyPlantAndEquipment
879000 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
5564000 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Bank Debt
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us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
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us-gaap Repayments Of Bank Debt
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us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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mvst Deferred Payment Related To Purchases Of Property Plant And Equipment
DeferredPaymentRelatedToPurchasesOfPropertyPlantAndEquipment
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mvst Deferred Payment Related To Purchases Of Property Plant And Equipment
DeferredPaymentRelatedToPurchasesOfPropertyPlantAndEquipment
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
46635000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12153000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
26778000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
302617000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
114967000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
89212000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
63585000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
67398000 usd
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
51382000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
21814000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
114967000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
75781000 usd
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 lithium-ion battery systems and components for electric vehicles and energy storage across the globe.</span></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Significant accounting estimates reflected in the Group’s financial statements include allowance for credit losses, write-down of obsolete inventories, impairment of long-lived assets, valuation allowance for deferred tax assets, product warranty, fair value measurement of warrant liability, fair value measurement of convertible loan and share based compensation.</span></div>
CY2024Q3 us-gaap Revenues
Revenues
101388000 usd
CY2023Q3 us-gaap Revenues
Revenues
80116000 usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
33612000 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
17884000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
13247000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-26172000 usd
CY2024Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5429000 usd
CY2023Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-29342000 usd
us-gaap Revenues
Revenues
266414000 usd
us-gaap Revenues
Revenues
202042000 usd
us-gaap Gross Profit
GrossProfit
78032000 usd
us-gaap Gross Profit
GrossProfit
34203000 usd
us-gaap Profit Loss
ProfitLoss
-90019000 usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
64924000 usd
us-gaap Profit Loss
ProfitLoss
-81821000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3287000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-70350000 usd
CY2024Q3 mvst Working Capital
WorkingCapital
101683000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
509203000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-987520000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
63585000 usd
CY2024Q3 mvst Bank Borrowings Ending Balance
BankBorrowingsEndingBalance
119574000 usd
CY2024Q3 mvst Short Term Borrowings And Line Of Credit Current
ShortTermBorrowingsAndLineOfCreditCurrent
66177000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
269711000 usd
CY2024Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
29911000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
101388000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
80116000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
266414000 usd
CY2024Q3 mvst Revenue Related To Contracts Balance
RevenueRelatedToContractsBalance
883000 usd
CY2023Q3 mvst Revenue Related To Contracts Balance
RevenueRelatedToContractsBalance
1191000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19468000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
19540000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3214000 usd
CY2024Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
12000 usd
CY2023Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
422000 usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
64924000 usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
473000 usd
CY2024Q3 us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
7709000 usd
CY2024Q3 mvst Gain Loss On Convertible Debt And Warrants
GainLossOnConvertibleDebtAndWarrants
2764000 usd
mvst Gain Loss On Convertible Debt And Warrants
GainLossOnConvertibleDebtAndWarrants
1174000 usd
CY2024Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
125371000 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
143288000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3832000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
4571000 usd
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
121539000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
138717000 usd
CY2024Q2 mvst Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
4679000 usd
CY2023Q2 mvst Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
3468000 usd
CY2023Q4 mvst Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
4571000 usd
CY2024Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-992000 usd
CY2023Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-206000 usd
CY2024Q3 mvst Accounts Receivable Write Off
AccountsReceivableWriteOff
2000 usd
CY2023Q3 mvst Accounts Receivable Write Off
AccountsReceivableWriteOff
0 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
0 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
0 usd
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
0 usd
CY2024Q3 mvst Accounts Receivable Exchange Difference
AccountsReceivableExchangeDifference
147000 usd
CY2023Q3 mvst Accounts Receivable Exchange Difference
AccountsReceivableExchangeDifference
-20000 usd
CY2024Q3 mvst Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
3832000 usd
CY2023Q3 mvst Allowance For Doubtful Account Receivable
AllowanceForDoubtfulAccountReceivable
3242000 usd
CY2024Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
102443000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
86379000 usd
CY2024Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
36704000 usd
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
35867000 usd
CY2024Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
18622000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
27503000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
157769000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
149749000 usd
CY2024Q3 us-gaap Inventory Write Down
InventoryWriteDown
1295000 usd
CY2023Q3 us-gaap Inventory Write Down
InventoryWriteDown
0 usd
CY2024Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
8151000 usd
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
2094000 usd
CY2023Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
475000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
65000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1503000 usd
CY2024Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
94237000 usd
CY2023Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
49146000 usd
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
79153000 usd
CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
46395000 usd
CY2023Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
9207000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
70373000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
18439000 usd
CY2023Q3 mvst Repayments Of Principal
RepaymentsOfPrincipal
2347000 usd
mvst Repayments Of Principal
RepaymentsOfPrincipal
31824000 usd
mvst Repayments Of Principal
RepaymentsOfPrincipal
6286000 usd
CY2023Q3 mvst Exchange Difference
ExchangeDifference
-349000 usd
mvst Exchange Difference
ExchangeDifference
1872000 usd
mvst Exchange Difference
ExchangeDifference
-2891000 usd
CY2024Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
119574000 usd
CY2023Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
55657000 usd
CY2024Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
119574000 usd
CY2023Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
55657000 usd
CY2024Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
66177000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
35392000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
53397000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
43761000 usd
CY2024Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
119574000 usd
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
79153000 usd
CY2024Q3 mvst Pledged Buildings
PledgedBuildings
121302000 usd
CY2023Q4 mvst Pledged Buildings
PledgedBuildings
124565000 usd
CY2024Q3 mvst Pledged Machinery And Equipment
PledgedMachineryAndEquipment
65091000 usd
CY2023Q4 mvst Pledged Machinery And Equipment
PledgedMachineryAndEquipment
0 usd
CY2024Q3 mvst Pledged Land Use Rights
PledgedLandUseRights
11902000 usd
CY2023Q4 mvst Pledged Land Use Rights
PledgedLandUseRights
11984000 usd
CY2024Q3 mvst Pledged Construction In Progress
PledgedConstructionInProgress
348000 usd
CY2023Q4 mvst Pledged Construction In Progress
PledgedConstructionInProgress
0 usd
CY2024Q3 mvst Pledged Total Asset
PledgedTotalAsset
198643000 usd
CY2023Q4 mvst Pledged Total Asset
PledgedTotalAsset
136549000 usd
CY2024Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
27303000 usd
CY2023Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
21479000 usd
CY2024Q3 mvst Deferred Subsidy Income Noncurrent
DeferredSubsidyIncomeNoncurrent
6093000 usd
CY2023Q4 mvst Deferred Subsidy Income Noncurrent
DeferredSubsidyIncomeNoncurrent
3382000 usd
CY2024Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
5090000 usd
CY2023Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
0 usd
CY2024Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
38486000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
24861000 usd
CY2024Q3 mvst Long Term Bonds Payable
LongTermBondsPayable
43157000 usd
CY2023Q4 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
mvst Debt Instrument Convertible Amount Subsidiary Value Threshold
DebtInstrumentConvertibleAmountSubsidiaryValueThreshold
950000000 usd
mvst Supplement Agreements Entered Into
SupplementAgreementsEnteredInto
2 agreement
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
CY2024Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.12
CY2024Q3 mvst Debt Instrument Of Subscribed Amount
DebtInstrumentOfSubscribedAmount
43157000 usd
CY2024Q3 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
CY2024Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
63585000 usd
CY2024Q3 us-gaap Restricted Cash
RestrictedCash
51382000 usd
CY2024Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
114967000 usd
CY2024Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
1000 usd
CY2024Q3 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
24423000 usd
CY2024Q3 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
24424000 usd
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
mvst Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Interest Paid
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityInterestPaid
347000 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
883000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2602000 usd
CY2024Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
79000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y3M18D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.052
us-gaap Operating Lease Payments
OperatingLeasePayments
2518000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2258000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1347000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3781000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2917000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2458000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1873000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1681000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
10227000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
24284000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4744000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
19540000 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
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
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1521350 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
4.60
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
3.18
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
31355332 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.08
CY2024Q3 mvst Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValueOutstanding
4.80
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
31355332 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
6.08
CY2024Q3 mvst Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value Expected To Vest And Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValueExpectedToVestAndExercisable
4.80
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P5Y
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
30088665 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.14
CY2024Q3 mvst Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageGrantDateFairValue
4.89
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y1M6D
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
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
640000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.77
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.18
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
895706 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
5.02
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
3.64
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
35835365 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.03
CY2023Q3 mvst Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value Outstanding
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValueOutstanding
4.76
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y7M6D
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
35835365 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
6.03
CY2023Q3 mvst Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Grant Date Fair Value Expected To Vest And Exercisable
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageGrantDateFairValueExpectedToVestAndExercisable
4.76
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P5Y7M6D
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
23916879 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.14
CY2023Q3 mvst Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageGrantDateFairValue
4.90
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y6M
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
856000 usd
us-gaap Net Amount At Risk By Product And Guarantee Weighted Average Period Remaining1
NetAmountAtRiskByProductAndGuaranteeWeightedAveragePeriodRemaining1
P0Y1M6D
CY2024Q3 mvst Aggregate Intrinsic Value Of The Share Options
AggregateIntrinsicValueOfTheShareOptions
0 usd
CY2024Q3 mvst Gain Loss On Convertible Debt And Warrants
GainLossOnConvertibleDebtAndWarrants
2764000 usd
mvst Gain Loss On Convertible Debt And Warrants
GainLossOnConvertibleDebtAndWarrants
1174000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13247000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-26130000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-90019000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-81800000 usd
CY2024Q3 mvst Gain Loss On Fair Value Of Convertible Note
GainLossOnFairValueOfConvertibleNote
-2764000 usd
CY2023Q3 mvst Gain Loss On Fair Value Of Convertible Note
GainLossOnFairValueOfConvertibleNote
0 usd
mvst Gain Loss On Fair Value Of Convertible Note
GainLossOnFairValueOfConvertibleNote
0 usd
mvst Gain Loss On Fair Value Of Convertible Note
GainLossOnFairValueOfConvertibleNote
0 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
10483000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-26130000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-90019000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-81800000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
320545388 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
313108457 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
317153113 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
309541499 shares
CY2024Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1048846 shares
CY2024Q3 mvst Incremental Common Shares Attributable To Dilutive Effect Of Capped Nonvested Shares
IncrementalCommonSharesAttributableToDilutiveEffectOfCappedNonvestedShares
1654338 shares
CY2024Q3 mvst Incremental Common Shares Attributable To Dilutive Effect Of Convertible Loan
IncrementalCommonSharesAttributableToDilutiveEffectOfConvertibleLoan
43782609 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
367031181 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
313108457 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
317153113 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
309541499 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.28
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.26
us-gaap Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
3 action
CY2024Q3 mvst Liens Amount
LiensAmount
35656000 usd
CY2024Q3 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
4346000 usd

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