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ALLOWANCE FOR CREDIT LOSSES

12 Months Ended

Dec. 31, 2024

ALLOWANCE FOR CREDIT LOSSES

ALLOWANCE FOR CREDIT LOSSES

3. ALLOWANCE FOR CREDIT LOSSES

The allowance for credit losses comprises allowances for accounts receivable-trade, advances to suppliers, warranty insurance receivable, and other receivables. Warranty insurance receivable is presented within other non-current assets and other receivables are included in prepaid expenses and other current assets.

​

The following tables summarize the gross balances, allowance for credit losses, and net carrying amounts:

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​	​	​	​	​	​	​
​	​	December 31,		​	December 31,
​		2023			2024
Accounts receivable trade, gross	​	$	961,745	​	$	1,194,913
Allowance for credit losses	​		(56,802)	​	​	(76,144)
Accounts receivable trade, net	​	$	904,943	​	$	1,118,769

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​	​	​	​	​	​	​
​	​	December 31,		​	December 31,
​		2023			2024
Advances to suppliers, gross	​	$	328,460	​	$	244,703
Allowance for credit losses	​		(2,424)	​	​	(2,141)
Advances to suppliers, net	​	$	326,036	​	$	242,562

​

​	​	​	​	​	​	​
​	​	December 31,		​	December 31,
​		2023			2024
Warranty insurance receivable, gross	​	$	84,035	​	$	79,923
Allowance for credit losses	​		(1,300)	​	​	(23,923)
Warranty insurance receivable, net	​	$	82,735	​	$	56,000

​

​	​	​	​	​	​	​
​	​	December 31,		​	December 31,
​		2023			2024
Other receivable, gross	​	$	145,376	​	$	184,139
Allowance for credit losses	​		(11,878)	​	​	(13,901)
Other receivable, net	​	$	133,498	​	$	170,238

​

Changes in the allowance for credit losses were as follows:

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​	​	​	​	​	​	​
​	​	​	​	​	Advances to
​	​	​	​	​	Suppliers,
​	​	​	​	​	Warranty Insurance
​	​	Accounts Receivable		​	Receivable and
​		Trade			Other Receivables
Balance as of December 31, 2021	​	$	47,126	​	$	29,079
Provision for credit losses, net	​	​	4,349	​	​	1,424
Write-offs	​	​	(109)	​	​	(18,295)
Foreign exchange effect	​	​	(1,436)	​	​	(834)
Balance as of December 31, 2022	​	​	49,930	​	​	11,374
Provision for credit losses, net	​	​	7,381	​	​	4,633
Write-offs	​	​	(2,073)	​	​	(242)
Foreign exchange effect	​	​	1,564	​	​	(163)
Balance as of December 31, 2023	​	​	56,802	​	​	15,602
Provision for credit losses, net	​	​	14,289	​	​	24,771
Write-offs	​	​	(647)	​	​	—
Foreign exchange effect	​	​	5,700	​	​	(408)
Balance as of December 31, 2024	​	$	76,144	​	$	39,965

​

X

- Definition

The entire disclosure for allowance for credit losses.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-Publisher FASB
-URI https://asc.fasb.org/310/tableOfContent

+ Details

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X

- References

No definition available.

+ Details

Name:	us-gaap_ReceivablesAbstract
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