REVENUES |
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| REVENUES | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| REVENUES |
The Group’s revenues are disaggregated by product and service lines as follows:
1 Others primarily include trainings, installed premium intelligent driving system upgrades, free battery charging services, maintenance services and vehicle internet connection services. 2 Others primarily include commission service fee. Contract Liabilities
* This item is included in accrued expenses and other current liabilities – related parties in the unaudited condensed consolidated balance sheets. Contract liabilities represent transaction price allocated to the performance obligations that are not yet satisfied or partially satisfied, which primarily arises from the undelivered vehicles, intelligent driving system, household charging piles, charging cards, free battery charging service, the extended lifetime warranty, maintenance service, vehicle internet connection services as well as technical research and development services. Amounts that are expected to recognize as revenues within one-year are included as current contract liabilities with the remaining balance recognized as other non-current liabilities. Among the balance of contract liabilities of US$26,145 as of December 31, 2025, US$6,227 was recognized as revenue during the six months ended June 30, 2026. The Group expects that US$45,504 of transaction price allocated to unsatisfied performance obligation as of June 30, 2026 will be recognized as revenues within one year. The remaining US$14,145 will be recognized over the remaining contract periods over 1 to 10 years. |
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