| Schedule of disaggregated by product and service |
| | | | | | | Six Months Ended June 30, | | | 2026 | | 2025 | | | US$ | | US$ | Sales of goods - third parties | | | | | - EV lifestyle models | | 209,541 | | 143,966 | - Sports cars | | 30,346 | | 32,906 | - Others | | 11,602 | | 17,851 | | | 251,489 | | 194,723 | Sales of goods - related parties | | | | | - EV lifestyle models | | 1,403 | | 1,066 | - Sports cars | | — | | 227 | - Others | | 10,364 | | 1,469 | | | 11,767 | | 2,762 | Subtotal | | 263,256 | | 197,485 | | | | | | Services- third parties | | | | | - R&D service | | 365 | | 1,087 | - Others1 | | 4,247 | | 3,069 | | | 4,612 | | 4,156 | Services- related parties | | | | | - R&D service | | 231 | | 13,666 | - Others2 | | — | | 3,019 | | | 231 | | 16,685 | Subtotal | | 4,843 | | 20,841 | Total revenues | | 268,099 | | 218,326 |
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.
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| Schedule of contract liabilities |
| | | | | | | As of | | As of | | | June 30, 2026 | | December 31, 2025 | | | US$ | | US$ | Current liabilities | | | | | - Contract liabilities - third parties | | 26,598 | | 18,459 | - Contract liabilities - related parties* | | 4,354 | | 228 | Non-current liabilities | | | | | - Contract liabilities – third parties | | 7,578 | | 7,458 | Contract liabilities, current and non-current | | 38,530 | | 26,145 |
* This item is included in accrued expenses and other current liabilities – related parties in the unaudited condensed consolidated balance sheets.
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