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Related Party Transactions
 12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
Related Party Transactions

20.

RELATED PARTY TRANSACTIONS

Major related parties that transacted with the Group and their respective relationship to the Group listed as below:

​

Name of the related parties

    

Relationship

Mr. Kai Sun

Founding Shareholders

Mr. Yifan Li

Founding Shareholders

Mr. Shaoqing Xiang

Founding Shareholders

Mr. Minglie Hu

Shareholder

Mr. Min Ai

Shareholder

Shanghai Leyi Technology L.P.

An affiliate of the shareholder of the Group

Baidu USA LLC (Note)

An affiliate of the shareholder of the Group

Beijing Baidu Netcom Technology Co., Ltd.

An affiliate of the shareholder of the Group

Apollo Intelligent Transportation Technology (Guangzhou) Co., Ltd.

An affiliate of the shareholder of the Group

Baidu Smart Travel Information Technology (Chongqing) Co., Ltd.

An affiliate of the shareholder of the Group

Apollo Intelligent Transportation Technology (Hefei) Co., Ltd.

An affiliate of the shareholder of the Group

Luobo Yunli (Beijing) Technology Co., Ltd.

An affiliate of the shareholder of the Group

Apollo Intelligent Transportation Technology (Dalian) Co., Ltd.

An affiliate of the shareholder of the Group

Apollo Intelligent Technology (Beijing) Co., Ltd.

An affiliate of the shareholder of the Group

Apollo Intelligent Connection (Beijing) Co., Ltd.

An affiliate of the shareholder of the Group

​

20.

RELATED PARTY TRANSACTIONS (continued)

Note: Started from June 30, 2021, Baidu (China) Co., Ltd and its affiliates (collectively as “Baidu”) was no longer treated as the Group’s related parties as Baidu no longer has significant influence over the Group after the consummation of 2021 Reorganization.

For the years ended December 31, 2021, 2022 and 2023, significant related party transactions were as follows:

​

​

​

​

​

​

​

​

​

    

For year ended December 31, 

​

​

2021

​

2022

​

2023

​

    

RMB

    

RMB

    

RMB

Net revenues

 

  

 

  

 

  

Affiliates of the shareholders of the Group

 

15,655

 

—

 

—

Total

 

15,655

 

—

 

—

​

​

​

​

​

​

​

​

​

    

For year ended December 31, 

​

​

2021

​

2022

​

2023

​

    

RMB

    

RMB

    

RMB

Payment for equity acquisition consideration

 

  

 

  

 

  

Founding Shareholders and certain shareholders

 

—

 

—

 

17,506

Total

 

—

 

—

 

17,506

​

​

​

​

​

​

​

​

​

​

For year ended December 31, 

​

    

2021

    

2022

    

2023

​

​

RMB

​

RMB

​

RMB

Subscription consideration received from shareholders

 

  

 

  

 

  

Founding Shareholders and certain shareholders

 

—

 

—

 

17,506

Total

 

—

 

—

 

17,506

​

The balances due to related parties of financing are as follows:

​

​

​

​

​

​

​

​

​

​

As of December 31, 

​

    

2021

​

2022

    

2023

​

​

RMB

​

RMB

​

RMB

Amounts due to related parties, net of allowance

 

  

​

​

 

  

Founding Shareholders and certain shareholders

 

307,498

​

334,283

 

326,028

An affiliate of the shareholder of the Group

​

—

​

—

​

14,023

Total

 

307,498

​

334,283

 

340,051

​

​

20.RELATED PARTY TRANSACTIONS (continued)

In May 2021, as an integrated step of the 2021 Reorganization, in order to comply with certain PRC foreign currency control rules and regulations, the Founding Shareholders and certain investors are in the process of applying for permissions to pay the subscription consideration to the Company. Once they obtained the approval to pay the subscription receivables at Cayman Company level, the Group will then settle the consideration payable for the acquisition of their equity interests in Shanghai Hesai to facilitate their payment of the subscription receivable for the ordinary shares of the Company as part of the reorganization. In December 2023, the Group settled the consideration payable of RMB17,506 to one shareholder, and subscription receivable of this shareholder of RMB17,506 was received at Cayman Company level.