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v3.23.2

Description of business and organization - Merger and recapitalization (Details) $ / shares in Units, ¥ in Thousands |  | 1 Months Ended | 12 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | ---
Dec. 20, 2022 CNY (¥) item shares | Dec. 20, 2022 USD ($) item shares | May 31, 2022 USD ($) $ / shares | Dec. 31, 2022 CNY (¥) | Dec. 31, 2021 CNY (¥) | Dec. 31, 2020 CNY (¥) | Dec. 31, 2022 USD ($) $ / shares | Dec. 20, 2022 USD ($) $ / shares shares | Dec. 31, 2021 $ / shares
Business Acquisition |  |  |  |  |  |  |  |  |
Preferred shares issued | 90,724,289 |  |  |  |  |  |  | 90,724,289 |
Preferred shares outstanding | 90,724,289 |  |  |  |  |  |  | 90,724,289 |
Number of ordinary shares for each preferred share | 1 | 1 |  |  |  |  |  |  |
Ordinary shares, par value per share | $ / shares |  |  |  |  |  |  |  | $ 0.000005 |
Recapitalization Factor Per Share | $ / shares |  |  |  |  |  |  |  | 1.19295710 |
Recapitalization factor, pre-money equity value | $ |  | $ 3,400,000,000 |  |  |  |  |  |  |
Recapitalization factor, per share multiplier | $ / shares |  |  |  |  |  |  |  | $ 10.00 |
Number of board members to elect | item | 2 | 2 |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |
Amount due |  |  |  | ¥ 911,589 | ¥ 41,278 |  | $ 132,168,000 |  |
Amount of loan provided | ¥ |  |  |  | 6,395 | 1,093 | ¥ 3,391 |  |  |
Excess of the assets derecognized over the amounts due from the VIE | ¥ |  |  |  | 61,921 |  |  |  |  |
VIE's |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |
Amount due | ¥ |  |  |  |  | ¥ 42,604 |  |  |  |
Merger |  |  |  |  |  |  |  |  |
Business Acquisition |  |  |  |  |  |  |  |  |
Excess cost over proceeds | ¥ 22,629 |  |  |  |  |  |  | $ 3,252,000 |
Aggregate proceeds | 270,539 | $ 38,870,000 |  |  |  |  |  |  |
Cash proceeds | 43,724 | 6,282,000 |  |  |  |  |  |  |
Transaction costs | 293,168 |  |  |  |  |  |  | 42,122,000 |
Hubei ECARX Technology Co., Ltd |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |
Amount of loan provided | ¥ |  |  |  | 252,287 |  |  |  |  |
Hubei ECARX Technology Co., Ltd | VIE's |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |
Cash | ¥ |  |  |  | 20,000 |  |  |  |  |
Long-term investments | ¥ |  |  |  | 211,908 |  |  |  |  |
Property and equipment, net | ¥ |  |  |  | 34,873 |  |  |  |  |
Intangible assets, net | ¥ |  |  |  | 1,094 |  |  |  |  |
Amount due | ¥ |  |  |  | 205,954 |  |  |  |  |
Amount of loan provided | ¥ |  |  |  | ¥ 252,287 |  |  |  |  |
Effective annual interest rate (in percent) |  |  |  | 5.00% |  |  |  |  |
Excess of the assets derecognized over the amounts due from the VIE | ¥ |  |  |  | ¥ 61,921 |  |  |  |  |
Geely Investment | Merger |  |  |  |  |  |  |  |  |
Business Acquisition |  |  |  |  |  |  |  |  |
Value of shares received | 139,200 | $ 20,000,000 |  |  |  |  |  |  |
Luminar Technologies, Inc |  |  |  |  |  |  |  |  |
Business Acquisition |  |  |  |  |  |  |  |  |
Ordinary shares, par value per share | $ / shares |  |  | $ 0.0001 |  |  |  |  |  |
Value of shares received | $ |  |  | $ 15,000,000 |  |  |  |  |  |
Luminar Technologies, Inc | Merger |  |  |  |  |  |  |  |  |
Business Acquisition |  |  |  |  |  |  |  |  |
Transaction costs | ¥ 87,615 |  |  |  |  |  |  | $ 12,588,000 |
Ordinary Shares |  |  |  |  |  |  |  |  |
Business Acquisition |  |  |  |  |  |  |  |  |
Ordinary shares, par value per share | $ / shares |  |  |  |  |  |  |  |  | $ 0.000005
Class A Ordinary Shares |  |  |  |  |  |  |  |  |
Business Acquisition |  |  |  |  |  |  |  |  |
Number of ordinary shares for each ordinary share | 1 | 1 |  |  |  |  |  |  |
Number of authorized unissued shares designated into this class | 7,766,956,008 | 7,766,956,008 |  |  |  |  |  |  |
Ordinary shares, par value per share | $ / shares |  |  |  |  |  |  | $ 0.000005 |  |
Number of shares issued | 282,564,117 | 282,564,117 |  |  |  |  |  |  |
Class A Ordinary Shares | Mr. Shufu Li |  |  |  |  |  |  |  |  |
Business Acquisition |  |  |  |  |  |  |  |  |
Number of authorized unissued shares designated into this class | 20,520,820 | 20,520,820 |  |  |  |  |  |  |
Class A Ordinary Shares | Holders Of COVA Shares |  |  |  |  |  |  |  |  |
Business Acquisition |  |  |  |  |  |  |  |  |
Number of shares issued | 5,870,357 | 5,870,357 |  |  |  |  |  |  |
Class A Ordinary Shares | Merger Sponsor |  |  |  |  |  |  |  |  |
Business Acquisition |  |  |  |  |  |  |  |  |
Number of shares issued | 5,250,000 | 5,250,000 |  |  |  |  |  |  |
Class A Ordinary Shares | Geely Investment |  |  |  |  |  |  |  |  |
Business Acquisition |  |  |  |  |  |  |  |  |
Number of shares issued | 2,000,000 | 2,000,000 |  |  |  |  |  |  |
Class A Ordinary Shares | Luminar Technologies, Inc |  |  |  |  |  |  |  |  |
Business Acquisition |  |  |  |  |  |  |  |  |
Number of shares issued | 1,500,000 | 1,500,000 |  |  |  |  |  |  |
Class A Ordinary Shares | Lotus Technology Inc |  |  |  |  |  |  |  |  |
Business Acquisition |  |  |  |  |  |  |  |  |
Number of shares issued | 1,052,632 | 1,052,632 |  |  |  |  |  |  |
Class A Ordinary Shares | Existing Preferred Shareholders |  |  |  |  |  |  |  |  |
Business Acquisition |  |  |  |  |  |  |  |  |
Number of shares issued | 84,795,039 | 84,795,039 |  |  |  |  |  |  |
Class A Ordinary Shares | Existing Ordinary Shareholders |  |  |  |  |  |  |  |  |
Business Acquisition |  |  |  |  |  |  |  |  |
Number of shares issued | 193,216,446 | 193,216,446 |  |  |  |  |  |  |
Class B Ordinary Shares |  |  |  |  |  |  |  |  |
Business Acquisition |  |  |  |  |  |  |  |  |
Number of ordinary shares for each ordinary share | 1 | 1 |  |  |  |  |  |  |
Number of authorized unissued shares designated into this class | 958,958,360 | 958,958,360 |  |  |  |  |  |  |
Ordinary shares, par value per share | $ / shares |  |  |  |  |  |  | $ 0.000005 |  |
Class B Ordinary Shares | Existing Shareholders |  |  |  |  |  |  |  |  |
Business Acquisition |  |  |  |  |  |  |  |  |
Number of shares issued | 48,960,916 | 48,960,916 |  |  |  |  |  |  |
Common Shares, Class To Be Determined |  |  |  |  |  |  |  |  |
Business Acquisition |  |  |  |  |  |  |  |  |
Number of authorized unissued shares designated into this class | 1,000,000,000 | 1,000,000,000 |  |  |  |  |  |  |
Warrants | Holders Of COVA Warrants |  |  |  |  |  |  |  |  |
Business Acquisition |  |  |  |  |  |  |  |  |
Number of shares issued | 23,871,971 | 23,871,971 |  |  |  |  |  |  |

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