v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT - USD ($)
$ in Thousands
Total shareholders' deficit attributable to ordinary shareholders
Westwood Capital Group LLC
Total shareholders' deficit attributable to ordinary shareholders
ECARX
Total shareholders' deficit attributable to ordinary shareholders
Ordinary shares
Westwood Capital Group LLC
Ordinary shares
ECARX
Ordinary shares
Treasury stock
Additional paid-in capital
Westwood Capital Group LLC
Additional paid-in capital
ECARX
Additional paid-in capital
Accumulated other comprehensive income
Accumulated deficit
Noncontrolling interests
Westwood Capital Group LLC
ECARX
Total
Beginning balance at Dec. 31, 2024     $ (852,862)     $ 7 [1]       $ 1,785,664 $ 55,165 $ (2,693,698) $ (7,364)     $ (860,226)
Beginning balance (in shares) at Dec. 31, 2024           676,826,794                    
Net loss     (313,038)                 (313,038) (2)     (313,040)
Fair value changes of liabilities due to instrument-specific credit risk, net of nil income taxes     16,427               16,427         16,427
Foreign currency translation adjustment, net of nil income taxes     (6,332)               (6,332)         (6,332)
Total comprehensive loss     (302,943)               10,095 (313,038) (2)     (302,945)
Share-based compensation     2,215             2,215           2,215
Issuance of ordinary shares $ 105             $ 105           $ 105    
Issuance of ordinary shares (in shares)       51,000                        
Disposal of an equity investment under common control     58,671             58,671           58,671
Disposal of a subsidiary                         (382)     (382)
Ending balance at Jun. 30, 2025     (1,094,814)     $ 7 [1]       1,846,655 65,260 (3,006,736) (7,748)     (1,102,562)
Ending balance (in shares) at Jun. 30, 2025           676,877,794                    
Beginning balance at Dec. 31, 2025     (1,322,498)     $ 7 [1] $ (138,397)     1,933,992 39,818 (3,157,918) (7,748)     $ (1,330,246)
Beginning balance (in shares) at Dec. 31, 2025           640,672,331                   707,196,733
Net loss     (150,942)                 (150,942)       $ (150,942)
Fair value changes of liabilities due to instrument-specific credit risk, net of nil income taxes     13,664               13,664         13,664
Foreign currency translation adjustment, net of nil income taxes     (45,552)               (45,552)         (45,552)
Total comprehensive loss     (182,830)               (31,888) (150,942)       (182,830)
Share-based compensation     1,635             1,635           1,635
Issuance of ordinary shares   $ 6,000             $ 6,000           $ 6,000  
Issuance of ordinary shares (in shares)         4,379,562                      
Conversion of convertible notes to ordinary shares     2,236       7,476     (5,240)           2,236
Conversion of convertible notes to ordinary shares (in shares)           1,842,017                    
Disposal of an equity investment under common control     169,528             182,230 (12,702)   4,910     174,438
Ending balance at Jun. 30, 2026     $ (1,325,929)     $ 7 [1] $ (130,921)     $ 2,118,617 $ (4,772) $ (3,308,860) $ (2,838)     $ (1,328,767)
Ending balance (in shares) at Jun. 30, 2026           646,893,910                   711,576,295
[1] Amounts less than US$0.5.