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Short-term borrowings | 6 Months Ended
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Jun. 30, 2024
Short-Term Debt [Abstract] |
Short-term borrowings | Short-term borrowings Short-term borrowings consisted of the following:
| As of December 31, |  | As of June 30,
| 2023 |  | 2024
| RMB |  | RMB
Unsecured bank loans | 1,200,000 |  |  | 1,600,000 |
As of December 31, 2023, the Group’s short-term borrowings bear interest rates of 3.8%, 3.9% and 4.0% per annum. As of June 30, 2024, the Group’s short-term borrowings bear interest rates of 4.0% and 3.9% per annum. As of December 31, 2023 and June 30, 2024, the Group had a total line of credit in the amount of RMB 1,200,000 and RMB 1,700,000, of which the unused portion was nil and RMB 100,000, respectively. Short-term borrowings o f RMB180,000 and nil as of December 31, 2023 and June 30, 2024 were guaranteed by Hubei ECARX Technology Co. Ltd., which is a related party of the Group.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
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