v3.25.1
Consolidated Statements of Changes in Shareholders’ (Deficit) Equity - USD ($)
$ in Thousands
Ordinary shares
Class A
Ordinary shares
Class B
Subscription receivables
Additional paid-in capital
Accumulated deficit
Accumulated other comprehensive Loss
Total Company’s (deficit) equity
Non-controlling interests
Total
Balance at Dec. 31, 2022 $ 3 $ 25 $ (576) $ 576,820 $ (299,220) $ (2,586) $ 274,466 $ (2,578) $ 271,888
Balance (in Shares) at Dec. 31, 2022 32,715,010 253,470,511              
Net loss (265,294) (265,294) (1,401) (266,695)
Foreign currency translation (1,708) (1,708) 163 (1,545)
Liabilities obligated by shareholders (Note 9) 15,000 15,000 15,000
Execution of warrants to ordinary shares 576 12 588 588
Execution of warrants to ordinary shares (in Shares) 1,000              
Issuance of ordinary shares $ 1 18,358 18,359 18,359
Issuance of ordinary shares (in Shares) [1]   2,378,171              
Share-based compensation $ 1 23,338 23,339 23,339
Share-based compensation (in Shares) 3,635,001              
Balance at Dec. 31, 2023 $ 4 $ 26 633,528 (564,514) (4,294) 64,750 (3,816) 60,934
Balance (in Shares) at Dec. 31, 2023 36,350,011 255,849,682              
Net loss (172,535) (172,535) (191) (172,726)
Foreign currency translation 189 189 36 225
Liabilities obligated by shareholders (Note 9) 45,000 45,000 45,000
Balance at Dec. 31, 2024 $ 4 $ 26 $ 678,528 $ (737,049) $ (4,105) $ (62,596) $ (3,971) $ (66,567)
Balance (in Shares) at Dec. 31, 2024 36,350,011 255,849,682              
[1] On December 29, 2023, the Company issued 2,378,171 Class B ordinary shares of a par value of US$0.0001 each to W. Motors Automotive Group Holding Limited. See Note 21 for more details