v3.26.1
OPERATING REVENUES
 12 Months Ended
Dec. 31, 2025
Disclosure of disaggregation of revenue from contracts with customers [abstract]  
OPERATING REVENUES OPERATING REVENUES
The Company derived its revenues from contracts with customers for the following products and services:
a.Disaggregation of revenues
For the Year Ended December 31,
202520242023
Products and services
Sales of hardware and related revenue$108,137 $148,637 $194,018 
Battery swapping service revenue149,007 137,891 131,785 
Leasing service revenue13,169 13,588 13,253 
Other revenue11,167 10,525 10,790 
$281,480 $310,641 $349,846 
b.Contract balances
As of December 31,As of January 1,
202520242024
Trade receivables (Note 5)$18,688 $16,977 $17,135 
Contract liabilities
Sales of hardware and battery swapping service revenues$12,008 $16,575 $11,606 
The Company recognized revenues from contract liabilities as of January 1, 2025, 2024 and 2023 amounting to $11.4 million, $9.1 million and $11.4 million for the years ended December 31, 2025, 2024 and 2023, respectively.