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Share-based payment (Tables)
12 Months Ended
Dec. 31, 2021
Share-Based Payment Arrangement [Abstract]  
Schedule of modification date fair value of the stock options was determined using the Binomial-Lattice Model

 

After modification

Exercise price(1)

 

$   4.37 – $6.28

Expected lives (years)(2)

 

4.5 – 9.4

Volatility(3)

 

47.6% – 53.1%

Risk-free interest rate(4)

 

1.26% – 1.87%

Expected dividend yield(5)

 

0.00%

Weighted average fair value of options modified

 

$   4.70 – $5.36

 

Year Ended December 31, 2021

Expected term (years)(1)

 

2.18 – 2.35

 

Volatility(2)

 

63.06

% – 64.31%

Average correlation coefficient of peer companies(3)

 

0.7960 – 0.8120

 

Risk-free interest rate(4)

 

0.31

% – 0.55%

Expected dividend yield(5)

 

0.00

%

Schedule of share options activity

Share options life

 

Number of
Shares

 

Weighted
Average
Exercise Price
(US$)

 

Weighted Average
Grant Date
Fair Value
(US$)

 

Weighted
Average
Remaining
Contractual

Outstanding as of January 1, 2019

 

8,810,178

 

 

5.55

 

2.16

 

 

8.1

Forfeited

 

(1,231,675

)

 

5.83

 

2.27

 

   

Outstanding as of December 31, 2019

 

7,578,503

 

 

5.50

 

2.14

 

 

7.1

Expected to vest and exercisable as of December 31, 2019

 

7,578,503

 

 

5.50

 

2.14

 

 

7.1

     

 

       

 

   

Outstanding as of January 1, 2020

 

7,578,503

 

 

5.50

 

2.14

 

 

7.1

Grant

 

28,350,160

 

 

6.28

 

3.09

 

   

Forfeited

 

(1,190,696

)

 

3.89

 

2.04

 

   

Outstanding as of December 31, 2020

 

34,737,967

 

 

6.19

 

2.92

 

 

9.0

Expected to vest and exercisable as of December 31, 2020

 

34,737,967

 

 

6.19

 

2.92

 

 

9.0

     

 

       

 

   

Outstanding as of January 1, 2021

 

34,737,967

 

 

6.19

 

2.92

 

 

9.0

Granted

 

 

 

 

 

   

Forfeited

 

(1,234,310

)

 

6.28

 

3.20

 

   

Outstanding as of December 31, 2021

 

33,503,657

 

 

6.19

 

4.95

(a)

 

7.9

Expected to vest and exercisable as of December 31, 2021

 

33,503,657

 

 

6.19

 

4.95

(a)

 

7.9

Schedule non-vested shares activity

 

Number on
Non-Vested
Shares

 

Weighted
Average
Grant Date
Fair Value
per Share
(US$)

Outstanding as of January 1, 2019

 

17,291,560

 

 

0.96

 

Forfeited

 

(772,341

)

 

1.60

 

Transfer from non-vested shares

 

3,289,837

 

 

0.64

 

Outstanding as of December 31, 2019

 

19,809,056

 

 

0.90

 

Forfeited

 

(71,494

)

 

1.42

 

Transfer from non-vested shares

 

3,289,837

 

 

1.14

 

Outstanding as of December 31, 2020

 

23,027,399

 

 

0.93

 

Forfeited

 

 

 

 

Outstanding as of December 31, 2021

 

23,027,399

 

 

8.74

(a)

 

Number of
Non-Vested
Shares

 

Weighted Average
Grant
Date
Fair Value

Per Share
(US$)

Outstanding as of January 1, 2019

 

5,578,012

 

 

0.93

Transfer to capped non-vested share units

 

(2,288,175

)

 

0.64

Outstanding as of December 31, 2019

 

3,289,837

 

 

1.14

     

 

   

Transfer to capped non-vested share units

 

(3,289,837

)

 

1.14

Outstanding as of December 31, 2020

 

 

 

Grant

 

727,600

 

 

9.07

Vested

 

(14,279

)

 

8.52

Forfeited

 

(41,880

)

 

9.05

Outstanding as of December 31, 2021

 

671,441

 

 

9.08

Schedule of classification of stock-based compensation

 

Year Ended December 31,

   

2019

 

2020

 

2021

Cost of revenues

 

$

 

$

 

$

4,309

General and administrative expenses

 

 

 

 

 

 

59,492

Research and development expenses

 

 

 

 

 

 

13,064

Selling and marketing expenses

 

 

 

 

 

 

6,029

Construction in process

 

 

 

 

 

 

237

Total

 

$

 

$

 

$

83,131