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Warrant liabilities (Tables) | 12 Months Ended
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Dec. 31, 2024
Warrants and Rights Note Disclosure [Abstract] |
Schedule of warrants are remeasured utilizing key assumptions |
| As of December 31,
| 2023 | 2024
Risk-free rate of return (%) | 3.93 | % | 4.27 | %
Volatility | 29.50 | % | 50.20 | %
Expected dividend yield | 0.0 | % | 0.0 | %
Expected term | 4.0 years | 3.0 years
Fair value of the underlying ordinary shares | US$3.16 (equivalent to RMB22.44) | US$2.11 (equivalent to RMB15.40)
Schedule of movement of ECARX warrants | The table below reflects the movement of ECARX Warrants for the years ended December 31, 2023 and 2024:
| January 1, 2023 RMB |  | Gain due to change in fair value RMB |  | Foreign currency translation adjustments 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 |
| January 1, 2024 RMB |  | Loss due to change in fair value RMB |  | Foreign currency translation adjustments RMB |  | December 31, 2024 RMB
Liabilities |  |  |  |  |  |  |
ECARX Public Warrants | 3,195 |  |  | 2,160 |  |  | 119 |  |  | 5,474 |
ECARX Private Warrants | 1,946 |  |  | 1,271 |  |  | 73 |  |  | 3,290 |
Total | 5,141 |  |  | 3,431 |  |  | 192 |  |  | 8,764 |

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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://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + 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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