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Warrant liabilities (Tables) | 12 Months Ended
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Dec. 31, 2023
Warrants and Rights Note Disclosure [Abstract] |
Schedule of changes in warrant liability measured at fair value using unobservable inputs | The tables below reflect the movement of the warrant liability for the year ended December 31, 2021:
| January 1, 2021 RMB |  | Addition RMB |  | Change in fair value included in losses RMB |  | Foreign exchange translation RMB |  | Settlement (Note 18) RMB |  | December 31, 2021 RMB
Liabilities |  |  |  |  |  |  |  |  |  |  |
Warrant liabilities | 80,270 |  |  | — |  |  | 111,299 |  |  | — |  |  | (191,569) |  |  | — |
Schedule of warrants are remeasured utilizing key assumptions |
| As of December 31,
| 2022 | 2023
Risk-free rate of return (%) | 3.99 | % | 3.93 | %
Volatility | 6.99 | % | 29.50 | %
Expected dividend yield | 0.0 | % | 0.0 | %
Expected term | 5.0 years | 4.0 years
Fair value of the underlying ordinary shares | US$7.99 (equivalent to RMB55.11) | US$3.16 (equivalent to RMB22.44)
Schedule of movement of ECARX warrants | The table below reflects the movement of ECARX Warrants for the years ended December 31, 2022 and 2023:
| January 1, 2022 RMB |  | Addition RMB |  | Loss/(gain) due to change in fair value RMB |  | Foreign exchange translation RMB |  | Settlement RMB |  | December 31, 2022 RMB
Liabilities |  |  |  |  |  |  |  |  |  |  |
ECARX Public Warrants | — |  |  | 8,277 |  |  | 1,991 |  |  | 78 |  |  | — |  |  | 10,346 |
ECARX Private Warrants | — |  |  | 4,895 |  |  | 1,254 |  |  | 49 |  |  | — |  |  | 6,198 |
Total | — |  |  | 13,172 |  |  | 3,245 |  |  | 127 |  |  | — |  |  | 16,544 |
| January 1, 2023 RMB |  | Addition RMB |  | Loss/(gain) due to change in fair value RMB |  | Foreign exchange translation RMB |  | Settlement RMB |  | December 31, 2023 RMB
Liabilities |  |  |  |  |  |  |  |  |  |  |
ECARX Public Warrants | 10,346 |  |  | — |  |  | (7,349) |  |  | 198 |  |  | — |  |  | 3,195 |
ECARX Private Warrants | 6,198 |  |  | — |  |  | (4,370) |  |  | 118 |  |  | — |  |  | 1,946 |
Total | 16,544 |  |  | — |  |  | (11,719) |  |  | 316 |  |  | — |  |  | 5,141 |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 + Details
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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 + Details
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