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Risks and Concentration (Tables)
12 Months Ended
Dec. 31, 2024
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,
20232024
Customer A, a third party42.0 %54.1 %
Customer B, a third partyLess than 10.0%25.7 %
Customer C, a third party28.6 %Less than 10.0%
Customer D, a third party15.1 %Less than 10.0%
Customers contributed more than 10.0% of total revenues are as follows:
Year Ended December 31,
202220232024
Geely Group and its subsidiaries67.0 %78.5 %81.8 %
Customer A, a third party12.6 %Less than 10.0%Less than 10.0%
Customer B, a third party12.5 %Less than 10.0%Less than 10.0%
The following table summarizes suppliers with greater than 10.0% of the accounts payable:
As of December 31,
20232024
Supplier A, a third party12.5 %Less than 10.0%
Supplier B, a third party15.7 %14.6 %
Supplier C, a third party22.8 %28.2 %
Supplier D, a third partyLess than 10.0%13.1 %
Suppliers accounting for more than 10.0% of total purchases are as follows:
Year Ended December 31,
202220232024
Supplier A, a third party12.7 %12.1 %Less than 10.0%
Supplier B, a third party17.4 %20.2 %17.3 %
Supplier C, a third partyLess than 10.0%15.4 %21.8 %
Supplier D, a third partyLess than 10.0%Less than 10.0%12.2 %