| Related Party Balances and Transactions |
23. Related Party Balances and Transactions The principal related parties with which the Group had transactions during the years presented are as follows: | | | Name of Entity or Individual | | Relationship with the Company | Kunshan Siwopu Intelligent Equipment Co., Ltd. | | An investee of the Group | Nanjing Weibang Transmission Technology Co., Ltd. | | An investee of the Group | Wuhan Weineng Battery Assets Co., Ltd. and its subsidiaries | | An investee of the Group | Xunjie Energy (Wuhan) Co., Ltd. | | An investee of the Group | Jianglai Advanced Manufacturing Technology (Anhui) Co., Ltd. | | An investee of the Group | Blue Horizon Limited and its subsidiaries | | An investee of the Group | VTA Technology Inc. and its subsidiaries | | An investee of the Group | Beijing WeLion New Energy Technology Co., Ltd. | | An investee of the Group | Hefei Chuang Wei Information Consultation Co., Ltd. | | Controlled by Principal Shareholder | Tianjin Tengyi Information Technology Co., Ltd. (formerly known as Tianjin Boyou Information Technology Co., Ltd.) | | Controlled by Principal Shareholder | Mclaren Group Holdings Ltd. and its subsidiaries | | Controlled by Principal Shareholder | Shanghai Weishang Business Consulting Co., Ltd. | | Significantly influenced by Principal Shareholder |
(a) The Group entered into the following significant related party transactions: (i) Provision of service For the six months ended June 30, 2024 and 2025, service income was primarily generated from property management, administrative support, research and development services, licensing and BaaS battery buy-out services the Group provided to its related parties. | | | | | | | Six Months Ended June 30, | | | 2024 | | 2025 | | | (Unaudited) | | (Unaudited) | Mclaren Group Holdings Ltd. and its subsidiaries | | 48,731 | | 307,678 | Wuhan Weineng Battery Assets Co., Ltd. and its subsidiaries | | 50,319 | | 76,797 | Nanjing Weibang Transmission Technology Co., Ltd. | | 565 | | 719 | Blue Horizon Limited and its subsidiaries | | — | | 120 | Total | | 99,615 | | 385,314 |
(ii) Purchase of service | | | | | | | Six Months Ended June 30, | | | 2024 | | 2025 | | | (Unaudited) | | (Unaudited) | | | | | | Kunshan Siwopu Intelligent Equipment Co., Ltd. | | 979 | | 16,449 | Tianjin Tengyi Information Technology Co., Ltd. | | 6,423 | | 4,430 | Wuhan Weineng Battery Assets Co., Ltd. and its subsidiaries | | 10,821 | | 4,428 | Jianglai Advanced Manufacturing Technology (Anhui) Co., Ltd. | | 58,588 | | 1,553 | Xunjie Energy (Wuhan) Co., Ltd. | | — | | 405 | Beijing WeLion New Energy Technology Co., Ltd. | | 29,169 | | — | Total | | 105,980 | | 27,265 |
(iii) Purchase of raw material or property, plant and equipment | | | | | | | Six Months Ended June 30, | | | 2024 | | 2025 | | | (Unaudited) | | (Unaudited) | | | | | | Wuhan Weineng Battery Assets Co., Ltd. and its subsidiaries | | — | | 6,829 | Xunjie Energy (Wuhan) Co., Ltd. | | 15,521 | | 5,530 | Nanjing Weibang Transmission Technology Co., Ltd. | | 55,305 | | 4,363 | VTA Technology Inc. and its subsidiaries | | — | | 3,779 | Kunshan Siwopu Intelligent Equipment Co., Ltd. | | 54,819 | | — | Jianglai Advanced Manufacturing Technology (Anhui) Co., Ltd. | | 25,414 | | — | Total | | 151,059 | | 20,501 |
(iv) Sales of goods | | | | | | | Six Months Ended June 30, | | | 2024 | | 2025 | | | (Unaudited) | | (Unaudited) | | | | | | Wuhan Weineng Battery Assets Co., Ltd. and its subsidiaries | | 3,439,221 | | 4,957,021 | Blue Horizon Limited and its subsidiaries | | — | | 111,744 | Shanghai Weishang Business Consulting Co., Ltd. | | 241 | | 222 | Total | | 3,439,462 | | 5,068,987 |
(v) Sale of raw material or property, plant and equipment | | | | | | | Six Months Ended June 30, | | | 2024 | | 2025 | | | (Unaudited) | | (Unaudited) | | | | | | Kunshan Siwopu Intelligent Equipment Co., Ltd. | | — | | 3,282 | VTA Technology Inc. and its subsidiaries | | — | | 1,608 | Blue Horizon Limited and its subsidiaries | | — | | 1,268 | Wuhan Weineng Battery Assets Co., Ltd. and its subsidiaries | | 1,113 | | — | Total | | 1,113 | | 6,158 |
(b) The Group had the following significant related party balances: (i) Amounts due from related parties | | | | | | | December 31, | | June 30, | | | 2024 | | 2025 | | | | | (Unaudited) | Wuhan Weineng Battery Assets Co., Ltd. and its subsidiaries | | 7,622,041 | | 11,277,177 | Blue Horizon Limited and its subsidiaries | | 72,636 | | 127,414 | Mclaren Group Holdings Ltd. and its subsidiaries | | 11,749 | | 15,997 | Kunshan Siwopu Intelligent Equipment Co., Ltd. | | 3,633 | | 5,410 | Hefei Chuang Wei Information Consultation Co., Ltd. | | 2,249 | | 2,249 | Nanjing Weibang Transmission Technology Co., Ltd. | | 238 | | 849 | Expected credit losses | | (10,142) | | (14,709) | Total | | 7,702,404 | | 11,414,387 |
(ii) Amounts due to related parties, current | | | | | | | December 31, | | June 30, | | | 2024 | | 2025 | | | | | (Unaudited) | | | | | | Mclaren Group Holdings Ltd. and its subsidiaries | | 272,563 | | 516,870 | Beijing WeLion New Energy Technology Co., Ltd. | | 66,477 | | 66,527 | Wuhan Weineng Battery Assets Co., Ltd. and its subsidiaries | | 9,634 | | 24,800 | Tianjin Tengyi Information Technology Co., Ltd. | | 8,575 | | 13,385 | Kunshan Siwopu Intelligent Equipment Co., Ltd. | | 29,658 | | 11,649 | Xunjie Energy (Wuhan) Co., Ltd. | | 17,409 | | 4,047 | Nanjing Weibang Transmission Technology Co., Ltd. | | 2,630 | | 2,106 | VTA Technology Inc. and its subsidiaries | | 1,932 | | 2,038 | Jianglai Advanced Manufacturing Technology (Anhui) Co., Ltd. | | 281 | | 73 | Shanghai Weishang Business Consulting Co.,Ltd. | | 133 | | — | Blue Horizon Limited and its subsidiaries | | 71 | | — | Total | | 409,363 | | 641,495 |
(iii) Amount due to related parties, non-current | | | | | | | December 31, | | June 30, | | | 2024 | | 2025 | | | | | (Unaudited) | | | | | | Mclaren Group Holdings Ltd. and its subsidiaries | | 251,032 | | 215,488 | Wuhan Weineng Battery Assets Co., Ltd. and its subsidiaries | | 78,460 | | 142,482 | Total | | 329,492 | | 357,970 |
|