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

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​

​

​

​

​

​

​

  ​ ​ ​

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

%