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Contract liabilities
12 Months Ended
Dec. 31, 2022
Contract liabilities  
Contract liabilities

12.Contract liabilities

Contract liabilities consisted of the following:

As of December 31,

2021

2022

RMB

RMB

Current liabilities – third parties

    

2,685

    

4,706

Current liabilities – related parties

 

363,285

 

316,667

Non-current liabilities – third parties

 

317

 

70

Non-current liabilities – related parties

 

472,749

 

282,080

Contract liabilities, current and non-current

 

839,036

 

603,523

Contract liabilities primarily relate to upfront non-refundable payments from the Group’s customers for purchase of connectivity services and automotive computing platform products in advance of transfer of control of the products and services under the contract. Amounts that are expected to be recognized as revenues within one-year are included as current contract liabilities with the remaining balance recognized as non-current contract liabilities.

The amount of revenue recognized that was included in the contract liabilities balance at the beginning of the year was RMB163,225, RMB159,371 and RMB364,004 for the years ended December 31, 2020, 2021 and 2022, respectively.

As of December 31, 2021 and 2022, the aggregated amounts of the transaction price allocated to the remaining performance obligation under the Group’s existing contracts is RMB839,036 and RMB603,523, respectively.

As of December 31, 2022, revenue expected to be recognized in the future related to the unsatisfied performance obligations is as follows:

Year ending December 31,

    

Amount

2023

 

321,373

2024

 

148,155

2025

 

96,651

2026

 

36,835

2027

 

322

2028

 

187

The Group has elected the practical expedient not to disclose the information about remaining performance obligations which are part of contracts that have an original duration of one year or less.