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Related Party Balance and Transactions (Tables) | 12 Months Ended
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Dec. 31, 2025
Related Party Balances and Transactions |
Schedule of related party transactions | (i) Provision of services For the years ended December 31, 2023, 2024 and 2025, service income was primarily generated from property management, administrative support, research and development services and BaaS battery buy-out services the Group provided to its related parties. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year Ended December 31,
​ | ​ ​ ​ | 2023 | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
Mclaren Group Holdings Ltd. and its subsidiaries | ​ | — | ​ | 201,063 | ​ | 762,681
Wuhan Weineng Battery Assets Co., Ltd. and its subsidiaries | ​ | 166,027 | ​ | 101,381 | ​ | 162,095
Blue Horizon Limited and its subsidiaries | ​ | — | ​ | 3,017 | ​ | 68,563
VTA Technology Inc. and its subsidiaries | ​ | — | ​ | — | ​ | 5,242
Nanjing Weibang Transmission Technology Co., Ltd. | ​ | 1,153 | ​ | 1,067 | ​ | 719
Total | ​ | 167,180 | ​ | 306,528 | ​ | 999,300
​ (ii) Purchase of services ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year Ended December 31,
​ | ​ ​ ​ | 2023 | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
Kunshan Siwopu Intelligent Equipment Co., Ltd. | ​ | — | ​ | 5,738 | ​ | 26,178
Wuhan Weineng Battery Assets Co., Ltd. and its subsidiaries |  | 23,878 | ​ | 17,594 | ​ | 9,694
Tianjin Tengyi Information Technology Co., Ltd. | ​ | 7,823 | ​ | 15,031 | ​ | 9,650
Jianglai Advanced Manufacturing Technology (Anhui) Co., Ltd. | ​ | 184,279 | ​ | 92,549 | ​ | 1,554
Xunjie Energy (Wuhan) Co., Ltd. |  | — | ​ | 1,225 | ​ | 603
Beijing WeLion New Energy Technology Co., Ltd. | ​ | 34,016 | ​ | 21,603 | ​ | 40
VTA Technology Inc. and its subsidiaries | ​ | — | ​ | 59 | ​ | —
Total | ​ | 249,996 | ​ | 153,799 | ​ | 47,719
​ (iii) Purchase of raw materials or long-lived assets ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year Ended December 31,
​ | ​ ​ ​ | 2023 | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
Xunjie Energy (Wuhan) Co., Ltd. | ​ | 111,875 | ​ | 37,603 | ​ | 12,239
VTA Technology Inc. and its subsidiaries |  | — | ​ | 2,485 | ​ | 4,917
Nanjing Weibang Transmission Technology Co., Ltd. | ​ | 73,071 | ​ | 85,938 | ​ | 4,363
Kunshan Siwopu Intelligent Equipment Co., Ltd. | ​ | 1,062,521 | ​ | 86,985 | ​ | —
Beijing WeLion New Energy Technology Co., Ltd. | ​ | — | ​ | 48,547 | ​ | —
Jianglai Advanced Manufacturing Technology (Anhui) Co., Ltd. | ​ | — | ​ | 32,213 | ​ | —
Wuhan Weineng Battery Assets Co., Ltd. and its subsidiaries |  | — | ​ | 8 | ​ | —
Total |  | 1,247,467 | ​ | 293,779 | ​ | 21,519
​ (iv) Sales of goods
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year Ended December 31,
​ | ​ ​ ​ | 2023 | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
Wuhan Weineng Battery Assets Co., Ltd. and its subsidiaries | ​ | 1,457,500 |  | 9,848,487 |  | 16,002,921
Blue Horizon Limited and its subsidiaries | ​ | — | ​ | 69,447 | ​ | 113,836
Shanghai Weishang Business Consulting Co., Ltd. | ​ | 199 |  | 331 |  | 383
Hefei Chuangwei Information Consultation Co., Ltd. | ​ | 194 | ​ | — | ​ | —
Total | ​ | 1,457,893 |  | 9,918,265 |  | 16,117,140
​ (v) Sales of raw materials or long-lived assets ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year Ended December 31,
​ | ​ ​ ​ | 2023 | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
Chongqing Chuangyuan Zhihang Technology Co., Ltd. | ​ | — | ​ | — | ​ | 150,000
Kunshan Siwopu Intelligent Equipment Co., Ltd. | ​ | — | ​ | 3,215 | ​ | 3,296
VTA Technology Inc. and its subsidiaries | ​ | — | ​ | 46,779 | ​ | 1,608
Blue Horizon Limited and its subsidiaries |  | — | ​ | 1,504 | ​ | 1,388
Wuhan Weineng Battery Assets Co., Ltd. and its subsidiaries | ​ | 5,597 | ​ | 7 | ​ | —
Total | ​ | 5,597 | ​ | 51,505 | ​ | 156,292
​ (vi) Convertible notes issued to related parties and interest accrual ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year Ended December 31,
​ | ​ ​ ​ | 2023 | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
Huang River Investment Limited |  | 11,234 | ​ | — | ​ | —
​ (vii) Proceeds from borrowings from related parties and interest accrual ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | For the Year Ended December 31,
​ | ​ | 2023 | ​ | 2024 | ​ | 2025
Zhong’an Energy (Anhui) Co., Ltd. |  | — |  | — |  | 87,746
​
Schedule of due from related parties | (i) Amounts due from related parties ​
​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31,
​ | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
Wuhan Weineng Battery Assets Co., Ltd. and its subsidiaries |  | 7,622,041 | ​ | 15,976,578
Blue Horizon Limited and its subsidiaries |  | 72,636 | ​ | 90,930
Mclaren Group Holdings Ltd. and its subsidiaries | ​ | 11,749 | ​ | 23,702
Kunshan Siwopu Intelligent Equipment Co., Ltd. |  | 3,633 | ​ | 5,426
VTA Technology Inc. and its subsidiaries | ​ | — | ​ | 2,193
Hefei Chuang Wei Information Consultation Co., Ltd. | ​ | 2,249 | ​ | —
Nanjing Weibang Transmission Technology Co., Ltd. | ​ | 238 | ​ | —
Expected credit losses |  | (10,142) | ​ | (20,579)
Total |  | 7,702,404 | ​ | 16,078,250
​
Schedule of due to related parties | (ii) Amounts due to related parties, current ​
​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31,
​ | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
Mclaren Group Holdings Ltd. and its subsidiaries | ​ | 272,563 | ​ | 552,480
Zhong’an Energy (Anhui) Co., Ltd. |  | — | ​ | 16,656
Wuhan Weineng Battery Assets Co., Ltd. and its subsidiaries | ​ | 9,634 | ​ | 14,565
Beijing WeLion New Energy Technology Co., Ltd. | ​ | 66,477 | ​ | 14,514
Tianjin Tengyi Information Technology Co., Ltd. | ​ | 8,575 | ​ | 11,902
Kunshan Siwopu Intelligent Equipment Co., Ltd. |  | 29,658 | ​ | 11,271
Xunjie Energy (Wuhan) Co., Ltd. | ​ | 17,409 | ​ | 3,688
Blue Horizon Limited and its subsidiaries | ​ | 71 | ​ | 484
VTA Technology Inc. and its subsidiaries | ​ | 1,932 | ​ | 343
Nanjing Weibang Transmission Technology Co., Ltd. | ​ | 2,630 | ​ | —
Jianglai Advanced Manufacturing Technology (Anhui) Co., Ltd. | ​ | 281 | ​ | —
Shanghai Weishang Business Consulting Co.,Ltd. | ​ | 133 | ​ | —
Total | ​ | 409,363 | ​ | 625,903
​ (iii) Amount due to related parties, non-current ​
​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31,
​ | ​ ​ ​ | 2024 | ​ ​ ​ | 2025
Wuhan Weineng Battery Assets Co., Ltd. and its subsidiaries | ​ | 78,460 | ​ | 351,014
Mclaren Group Holdings Ltd. and its subsidiaries | ​ | 251,032 | ​ | 182,074
Zhong’an Energy (Anhui) Co., Ltd. | ​ | — | ​ | 71,090
Total |  | 329,492 |  | 604,178
​

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