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Description of Organization and Business Operations (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of company’s major subsidiaries

Subsidiaries

 

Place of
incorporation

 

Date of
incorporation
or acquisition

 

Percentage
of ownership

Microvast, Inc. (“Microvast”)

 

Delaware, USA

 

October 2006

 

100%

Microvast Power Solutions, Inc (“MP Solutions”)

 

Texas, USA

 

July 2013

 

100%

Microvast Power Systems Co., Ltd. (“MPS”)

 

Huzhou, PRC

 

December 2006

 

100%

Microvast Power Systems UK Limited (“MP UK”)

 

Cardiff, United Kingdom (“UK”)

 

September 2014

 

100%

Microvast GmbH (“MV GmbH”)

 

Germany

 

May 2016

 

100%

Huzhou Microvast Electric Vehicle Sales Service, Ltd. (“MV E-Vehicle”)

 

Huzhou, PRC

 

July 2017

 

100%

Huzhou Hongwei New Energy Automobile Co., Ltd. (“Hongwei”)

 

Huzhou, PRC

 

December 2016

 

100%