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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]              
Revenues $ 36,894 $ 30,753 $ 85,204 $ 59,400 $ 107,518 $ 76,434 $ 174,235
Cost of revenues (72,779) (27,075) (129,100) (50,950) (90,378) (76,665) (153,386)
Gross profit/(loss) (35,885) 3,678 (43,896) 8,450 17,140 (231) 20,849
Operating expenses:              
General and administrative expenses (57,058) (4,721) (67,810) (12,670) (18,849) (15,166) (34,229)
Research and development expenses (13,518) (4,558) (23,199) (12,518) (16,637) (25,995) (32,448)
Selling and marketing expenses (7,380) (3,456) (14,242) (9,464) (13,761) (15,712) (13,398)
Total operating expenses (77,956) (12,735) (105,251) (34,652) (49,247) (56,873) (80,075)
Subsidy income 545 (39) 2,676 802 3,000 3,243 9,538
Loss from operations (113,296) (9,096) (146,471) (25,400) (29,107) (53,861) (49,688)
Other income and expenses:              
Interest income 97 66 304 502 571 884 2,007
Interest expense (1,247) (1,397) (4,630) (4,234) (5,738) (6,352) (3,979)
Loss on changes in fair value of convertible notes (3,018) (9,861)        
Gain on change in fair value of warrant liability 1,113   1,113        
Other income (expense), net (19) 68 25 63 650 (145) (2,606)
Loss before provision for income taxes (116,370) (10,359) (159,520) (29,069) (33,624) (59,474) (54,266)
Income tax benefit (expense) (106) 270 (324) (5) (1) (189) (6,425)
Net loss (116,476) (10,089) (159,844) (29,074) (33,625) (59,663) (60,691)
Less: Accretion of Series C1 Preferred 251 975 2,257 2,923      
Less: Accretion of Series C2 Preferred 570 2,216 5,132 6,650      
Less: Accretion of Series D1 Preferred 1,190 4,662 10,708 13,986      
Net loss attributable to common stock shareholders of Microvast Holdings, Inc. (120,003) (21,944) (187,464) (64,557)      
Less: Net loss attributable to noncontrolling interest         (2,123) (5,799)
Net loss attributable to Microvast Holdings, Inc.         (33,625) (57,540) (54,892)
Less: Accretion of Series A1/C1 Preferred         3,897 4,102 10,025
Less: Accretion of Series B1/C2 Preferred         8,866 7,948 8,391
Less: Accretion of Series EEL/D1 Preferred         18,648 30,839 13,223
Less: Accretion for noncontrolling interests $ 1,516 $ 4,002 $ 9,523 $ 11,924 15,927 15,050 13,502
Net loss attributable to ordinary shareholders of Microvast Holdings, Inc.         $ (80,963) $ (115,479) $ (100,033)
Net loss per share attributable to ordinary shareholders of Microvast Holdings, Inc.              
Basic and diluted (in Dollars per share) $ (0.49) $ (0.22) $ (1.27) $ (0.65) $ (0.82) $ (1.17) $ (1.01)
Weighted average shares used in calculating net loss per ordinary share              
Basic and diluted (in Shares) 243,861,780 99,028,297 147,836,650 99,028,297 99,028,297 99,028,297 99,028,297