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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS DEFICIT
¥ in Thousands, $ in Thousands
CNY (¥)
USD ($)
Class A Ordinary Shares
shares
Class B Ordinary Shares
shares
Total deficit attributable to ordinary shareholders of the Company
CNY (¥)
Ordinary Shares
CNY (¥)
shares
Ordinary Shares
Class A Ordinary Shares
CNY (¥)
shares
Ordinary Shares
Class B Ordinary Shares
CNY (¥)
shares
Treasury Shares
CNY (¥)
shares
Additional paid-in capital
CNY (¥)
Accumulated deficit
CNY (¥)
Accumulated other comprehensive income
CNY (¥)
Non-redeemable non-controlling interests
CNY (¥)
Beginning balance (in shares) at Dec. 31, 2020 | shares [1]           238,591,421              
Beginning balance, treasury (in shares) at Dec. 31, 2020 | shares [1]                 0        
Beginning balance at Dec. 31, 2020 ¥ (2,064,043)       ¥ (2,075,550) ¥ 7     ¥ 0 ¥ 165,412 ¥ (2,242,466) ¥ 1,497 ¥ 11,507
CHANGES IN SHAREHOLDERS' DEFICIT                          
Net loss [2] (1,175,952)       (1,173,955)           (1,173,955)   (1,997)
Accretion of redeemable non-controlling interests (1,306)       (1,306)           (1,306)    
Share-based compensation (Note 21) 163,481       163,481         163,481      
Re-designation of ordinary shares to Series A Preferred Shares (in shares) | shares [1]           (2,343,309)              
Re-designation of ordinary shares to Series A Preferred Shares (Note 19) (81,208)       (81,208)         (81,208)      
Deemed dividend in association with acquisition of an equity-method investment (Note 8) (689,670)       (689,670)           (689,670)    
Deconsolidation of a subsidiary (Note 19(a)) (14,335)                       (14,335)
Contribution from non-controlling shareholders (Note 19(a)) 202,000       (105)         (105)     202,105
Repurchase of ordinary shares (Note 20) 0                        
Repurchase of ordinary shares (in shares) | shares [1]           (5,010,420)     (5,010,420)        
Accretion of Redeemable Convertible Preferred Shares (243,564)       (243,564)         (247,580) 4,016    
Foreign currency translation adjustments, net of nil income taxes 4,551       4,551             4,551  
Ending balance (in shares) at Dec. 31, 2021 | shares [3]           231,237,692 [1] 0 [4] 0          
Ending balance, treasury (in shares) at Dec. 31, 2021 | shares [1],[3]                 5,010,420        
Ending balance at Dec. 31, 2021 (3,900,046)       (4,097,326) ¥ 7 ¥ 0 ¥ 0 ¥ 0 0 (4,103,381) 6,048 197,280
CHANGES IN SHAREHOLDERS' DEFICIT                          
Net loss [5] (1,606,682)       (1,564,164)           (1,564,164)   (42,518)
Accretion of redeemable non-controlling interests (714)       (714)           (714)    
Deconsolidation of a subsidiary (Note 19) 7,178                       7,178
Share-based compensation (Note 21) 725,651       725,651         725,651      
Reissuance of ordinary shares (in shares) | shares [3]           (5,010,420)     (5,010,420)        
Accretion of Redeemable Convertible Preferred Shares (354,878)       (354,878)         (354,878)      
Deemed distribution to shareholders in the VIE Restructuring (61,921)       (61,921)           (61,921)    
Re-designation of ordinary shares into Class A ordinary shares (in shares) | shares [3]           (193,216,446) (193,216,446) [4]            
Re-designation of ordinary shares into Class A Ordinary Shares (Note 1(b))           ¥ (6) ¥ 6            
Re-designation of ordinary shares into Class B ordinary shares (in shares) | shares [3]           (43,031,666)   (43,031,666)          
Re-designation of ordinary shares into Class B Ordinary Shares (Note 1(b))           ¥ (1)   ¥ 1          
IPO cost capitalization (270,539)       (270,539)         (270,539)      
Conversion-Lotus convertible notes payable (in shares) | shares [3],[4]             1,052,632            
Conversion-Lotus convertible notes payable (Note 1(b) and 15) 69,600       69,600         69,600      
Geely strategic investment (in shares) | shares [3],[4]             2,000,000            
Geely strategic investment (Note 1(b)) 139,200       139,200         139,200      
Luminar strategic investment (in shares) | shares [3],[4]             1,500,000            
Luminar strategic investment (Note 1(b) and Note 8) 87,615       87,615         87,615      
Conversion of Preferred Shares to Class A and Class B ordinary shares (in shares) | shares [3]             84,795,039 [4] 5,929,250          
Conversion of Preferred Shares to Class A and Class B ordinary shares (Note 18) 5,492,749       5,492,749   ¥ 3     5,492,746      
Issuance of Class A Ordinary Shares and warrants to COVA shareholders and warrant holders (in shares) | shares [3],[4]             5,870,357            
Issuance of Class A Ordinary Shares and warrants to COVA shareholders and warrant holders 30,265       30,265         30,265      
Foreign currency translation adjustments, net of nil income taxes (391,934)       (391,934)             (391,934)  
Ending balance (in shares) at Dec. 31, 2022 | shares     288,434,474 48,960,916   0 [3] 288,434,474 [3],[4],[6] 48,960,916 [7]          
Ending balance, treasury (in shares) at Dec. 31, 2022 | shares [3]                 0        
Ending balance at Dec. 31, 2022 (34,456)       (196,396) ¥ 0 ¥ 9 ¥ 1 ¥ 0 5,919,660 (5,730,180) (385,886) 161,940
CHANGES IN SHAREHOLDERS' DEFICIT                          
Net loss [6] (1,015,180)       (940,191)           (940,191)   (74,989)
Accretion of redeemable non-controlling interests 0 $ 0                      
Share-based compensation (Note 21) 174,025       174,025         174,025      
Accretion of Redeemable Convertible Preferred Shares 0 0                      
Issuance of Class A ordinary shares under 2022 Share Incentive Plan (in shares) | shares [6]             554,575            
Foreign currency translation adjustments, net of nil income taxes 41,152 5,796     41,152             41,152  
Ending balance (in shares) at Dec. 31, 2023 | shares     288,989,049 48,960,916     288,989,049 [6] 48,960,916 [7]          
Ending balance at Dec. 31, 2023 ¥ (834,459) $ (117,531)     ¥ (921,410)   ¥ 9 ¥ 1   ¥ 6,093,685 ¥ (6,670,371) ¥ (344,734) ¥ 86,951
[1] Shares outstanding for all periods reflect the adjustment for Recapitalization
[2] Excludes net loss attributable to redeemable non-controlling interests of RMB806 for the year ended December 31, 2021.Retrospectively adjusted to reflect the combination of JICA, as if the combination had been in effect since the inception of common control (refer to Note 1(e)).
[3] Shares outstanding for all periods reflect the adjustment for Recapitalization.
[4] Shares outstanding for all periods reflect the adjustment for Recapitalization.
[5] Excludes net loss attributable to redeemable non-controlling interests of RMB464 for the year ended December 31, 2022. Retrospectively adjusted to reflect the combination of JICA, as if the combination had been in effect since the inception of common control (refer to Note 1(e)).
[6] Retrospectively adjusted to reflect the combination of JICA, as if the combination had been in effect since the inception of common control (refer to Note 1(e)).
[7] Shares outstanding for all periods reflect the adjustment for Recapitalization.