v3.26.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2026
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of movements of product warranty reserve

  ​ ​ ​

Six Months Ended June 30,

2026

  ​ ​ ​

2025

US$

US$

Accrued warranty at the beginning of the period

32,278

24,048

Additions

8,089

5,244

Utilization

(8,279)

(6,034)

Foreign currency translation adjustment

1,351

1,315

Accrued warranty at the end of the period

33,439

24,573

Including:

- Current portion

5,030

4,207

- Non-current portion

28,409

20,366

Schedule of long-term investments

  ​ ​ ​

As of June 30, 

  ​ ​ ​

As of December 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

US$

US$

Investment securities – related party (note 24(vi))

1,358

1,811

Equity method investments (note 24(v))

20,234

10,625

Equity security without readily determinable fair values using the measurement alternative  related party

36,706

35,568

Total

58,298

 

48,004

Schedule of concentration of customers and suppliers

  ​ ​ ​

As of June 30, 

As of December 31, 

 

2026

  ​ ​ ​

2025

 

proportion of total accounts receivable balance

Geely Group

65.9

%  

72.7

%

  ​ ​ ​

Six Months Ended June 30, 

 

2026

  ​ ​ ​

2025

 

proportion of total costs and expenses

Geely Group

82.8

%  

48.8

%

  ​ ​ ​

As of June 30, 

As of December 31, 

 

2026

  ​ ​ ​

2025

 

proportion of total payables balance

Geely Group

76.7

%  

67.5

%