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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Revenues $ 64,414,000 $ 33,372,000 $ 101,082,000 $ 48,310,000
Cost of revenues (59,573,000) (40,146,000) (96,228,000) (56,321,000)
Gross (loss)/profit 4,841,000 (6,774,000) 4,854,000 (8,011,000)
Operating expenses:        
General and administrative expenses (34,335,000) (6,178,000) (60,436,000) (10,752,000)
Research and development expenses (10,244,000) (5,895,000) (21,553,000) (9,681,000)
Selling and marketing expenses (5,810,000) (3,706,000) (11,808,000) (6,862,000)
Total operating expenses (50,389,000) (15,779,000) (93,797,000) (27,295,000)
Subsidy income 576,000 213,000 713,000 2,131,000
Loss from operations (44,972,000) (22,340,000) (88,230,000) (33,175,000)
Other income and expenses:        
Interest income 420,000 111,000 734,000 207,000
Interest expense (895,000) (1,537,000) (1,691,000) (3,383,000)
Loss on changes in fair value of convertible notes 0 3,243,000 0 6,843,000
Gain on changes in fair value of warrant liability 1,255,000 0 820,000 0
Other income, net 10,000 49,000 409,000 44,000
Loss before provision for income taxes (44,182,000) (26,960,000) (87,958,000) (43,150,000)
Income tax expense 0 (109,000) 0 (218,000)
Net loss (44,182,000) (27,069,000) (87,958,000) (43,368,000)
Less: Accretion of Series C1 Preferred 0 1,003,000 0 2,006,000
Less: Accretion of Series C2 Preferred 0 2,281,000 0 4,562,000
Less: Accretion of Series D1 Preferred 0 4,759,000 0 9,518,000
Less: Accretion for noncontrolling interests 0 4,036,000 0 8,007,000
Net loss attributable to Common Stock shareholders of Microvast Holdings, Inc. $ (44,182,000) $ (39,148,000) $ (87,958,000) $ (67,461,000)
Net loss per share attributable to Common Stock shareholders of Microvast Holdings, Inc.        
Basic net loss per share (in dollars per share) $ (0.15) $ (0.40) $ (0.29) $ (0.68)
Diluted net loss per share (in dollars per share) $ (0.15) $ (0.40) $ (0.29) $ (0.68)
Weighted average shares used in calculating net loss per share of common stock        
Weighted average shares used in calculating net loss per share of common stock, basic (in shares) 300,565,515 99,028,297 299,709,069 99,028,297
Weighted average shares used in calculating net loss per share of common stock, diluted (in shares) 300,565,515 99,028,297 299,709,069 99,028,297