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Risks and Concentration (Tables)
12 Months Ended
Dec. 31, 2023
Risks and Uncertainties [Abstract]  
Schedule of concentration of customers and suppliers
The following table summarizes customers with greater than 10.0% of the accounts receivable - third parties, net:
As of December 31,
20222023
Customer A, a third party48.9 %42.0 %
Customer B, a third party30.4 %Less than 10.0%
Customer C, a third partyLess than 10.0%28.6 %
Customer D, a third partyLess than 10.0%15.1 %
Customers contributed more than 10.0% of total revenues are as follows:
Year Ended December 31,
202120222023
Geely Group and its subsidiaries70.4 %67.0 %78.9 %
Customer A, a third partyLess than 10.0%12.6 %Less than 10.0%
Customer B, a third partyLess than 10.0%12.5 %Less than 10.0%
The following table summarizes suppliers with greater than 10.0% of the accounts payable:
As of December 31,
20222023
Supplier A, a third party19.1 %12.7 %
Supplier B, a third party19.0 %16.0 %
Supplier C, a third party10.9 %23.1 %
Suppliers accounting for more than 10.0% of total purchases are as follows:
Year Ended December 31,
202120222023
Supplier D, a third party23.6 %Less than 10.0%Less than 10.0%
Supplier B, a third partyLess than 10.0%17.4 %20.4 %
Supplier A, a third partyLess than 10.0%12.7 %12.2 %
Supplier C, a third partyLess than 10.0%Less than 10.0%15.5 %