v3.25.2
RELATED PARTY BALANCES AND TRANSACTIONS - Revenue and Prepayments and other current assets (Details)
¥ in Thousands, $ in Thousands
1 Months Ended 6 Months Ended 12 Months Ended
Mar. 11, 2024
USD ($)
May 13, 2022
Jun. 30, 2025
USD ($)
Jun. 30, 2025
CNY (¥)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Related party transaction [Line items]              
Receipts in advance     $ 36,399   $ 36,399   $ 42,797
Short term lease cost         4,066 $ 1,431  
Related party transactions         17,854 9,590  
Amount recorded in additional paid-in capital     58,671 ¥ 420,000 58,671    
Interest income on loans due from related parties         13,157 8,658  
Proceed from settlement of related party loans           140  
Related party              
Related party transaction [Line items]              
Accounts Receivable     110,143   110,143   107,816
Receipts in advance             150
Investment securities     2,158   2,158   2,221
Allowance for credit losses     2,323   2,323   2,158
Other non-current assets     878   878   1,113
Prepayments and other current assets, net     149,010   149,010   74,558
Salary and other expenses paid on behalf of related party         4,619 648  
Term of loan   1 year          
Loans to related parties           222,865  
Interest income on loans due from related parties         9,317 4,472  
Proceed from settlement of related party loans           140  
Contract asset     0   0   929
Related party | Adjusted balance              
Related party transaction [Line items]              
Allowance for prepayments and other current assets     163   163   286
Related party | Purchase of Geely License              
Related party transaction [Line items]              
Purchase cost         4,619 648  
Related party | Salary and other expenses | Prepayments and other current assets              
Related party transaction [Line items]              
Amount receivable from related party included in prepayments and other current assets     23,181   23,181   21,681
Related party | Unsecured loan to a related party              
Related party transaction [Line items]              
Term of loan 5 years            
Loans to related parties         $ 0 222,865  
Interest rate on loan 6.95%       3.00%    
Interest income on loans due from related parties         $ 9,017 4,403  
Interest included in loan receivable     302,632   302,632   269,539
Loans and leases receivable on related parties $ 354,000            
Related party | pertaining to purchase of vehicles, auto parts and peripheral products | Prepayments and other current assets              
Related party transaction [Line items]              
Amount receivable from related party included in prepayments and other current assets     44,088   44,088   33,204
Related party | Purchase of equipment              
Related party transaction [Line items]              
Purchase cost         31   0
Related party | Short-term lease              
Related party transaction [Line items]              
Short term lease cost         151 474  
Related party | Payment of deposits              
Related party transaction [Line items]              
Related party transactions         0 1,126  
Other non-current assets     847   847   1,113
Related party | Disposal of equipment              
Related party transaction [Line items]              
Related party transactions         10,162 $ 0  
Related party | Transfer of equity method investments              
Related party transaction [Line items]              
Prepayments and other current assets, net     2,250   $ 2,250   0
Related party | Unsecured short term loans              
Related party transaction [Line items]              
Interest rate on loan         3.65% 4.50%  
Interest income on loans due from related parties         $ 68 $ 69  
Proceed from settlement of related party loans         0 140  
Related party | Unsecured short term loans | Prepayments and other current assets              
Related party transaction [Line items]              
Amount receivable from related party included in prepayments and other current assets     3,144   3,144   3,348
Related party | Provision of services              
Related party transaction [Line items]              
Revenues         16,685 10,662  
Related party | Sales of goods              
Related party transaction [Line items]              
Revenues         2,762 $ 2,330  
Accounts Receivable     112,466   112,466   109,974
Receipts in advance     1,163   1,163    
Subsidiary | Unsecured loan to a related party              
Related party transaction [Line items]              
Interest income on loans due from related parties         232    
Interest included in loan receivable     $ 17,832   $ 17,832   $ 15,677