v3.26.1
Contract liabilities
 12 Months Ended
Dec. 31, 2025
Contract with Customer, Liability [Abstract]  
Contract liabilities Contract liabilities
Contract liabilities consisted of the following:
As of December 31,
20242025
US$US$
Current liabilities – third parties876 123 
Current liabilities – related parties20,493 7,325 
Non-current liabilities – third parties3 — 
Non-current liabilities – related parties5,084 10 
Contract liabilities, current and non-current 26,456 7,458 
Contract liabilities primarily relate to upfront non-refundable payments from the Group’s customers for the purchase of connectivity services and automotive computing platform products in advance of transfer of control of the products
or services under the contract. Amounts that are expected to be recognized as revenues within one-year are included as current contract liabilities while the remaining balance recognized as non-current contract liabilities.
The amount of revenue recognized that was included in the contract liabilities balance at the beginning of the year was US$25,160 and US$20,973 for the years ended December 31, 2024 and 2025, respectively.
As of December 31, 2024 and 2025, the aggregated amounts of the transaction price allocated to the remaining performance obligation under the Group’s existing contracts are US$26,456 and US$8,880, respectively.
As of December 31, 2025, revenue expected to be recognized in the future related to the unsatisfied performance obligations is as follows:
Year ending December 31,Amount
20268,870 
202710 
2028— 
2029— 
2030— 
The Group has elected the practical expedient not to disclose the information about remaining performance obligations which are part of contracts that have an original duration of one year or less.
Revenue information
Revenues are disaggregated as follow:
Major products/services lines:
Year ended December 31,
202320242025
US$US$US$
Sales of goods revenues 467,403 611,245 703,093 
Automotive computing platform 385,886 536,582 627,067 
SoC Core Modules70,140 73,944 74,910 
Automotive merchandise and other products 11,377 719 1,116 
Software license revenues62,796 42,455 29,698 
Service revenues 132,027 117,830 115,067 
Automotive computing Platform – Design and development service 94,641 78,470 69,827 
Connectivity service31,142 34,112 36,834 
Other services 6,244 5,248 8,406 
Total revenues662,226 771,530 847,858 
Timing of revenue recognition:
Year ended December 31,
20232024 2025
US$US$US$
Point in time 631,084 737,418 811,024 
Over time 31,142 34,112 36,834 
Total revenues 662,226 771,530 847,858 
For the years ended December 31, 2023, 2024 and 2025, 98.2%, 97.6% and 95.3% of the Group’s revenues were generated in the PRC.