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Property and Equipment, Net (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Property and Equipment, Net [Abstract]    
Schedule of Property and Equipment, Net

Property and equipment, net, consisted of the following:

 

As of

   

June 30, 
2025

 

December 31, 
2024

   

(Unaudited)

   

Vehicles held for use

 

$

2,819

 

 

$

3,234

 

Production facilities

 

 

2,756

 

 

 

2,748

 

Electronic equipment

 

 

776

 

 

 

775

 

Furniture

 

 

284

 

 

 

283

 

Leasehold improvement

 

 

114

 

 

 

114

 

Battery and charging swap infrastructure

 

 

106

 

 

 

106

 

Less: accumulated depreciation

 

 

(1,833

)

 

 

(1,599

)

Less: impairment of property and equipment

 

 

(3,063

)

 

 

(3,159

)

Property and equipment, net

 

$

1,959

 

 

$

2,502

 

Property and equipment, net, consisted of the following:

 

As of December 31,

   

2024

 

2023

Vehicles held for use

 

$

3,234

 

 

$

3,212

 

Production facilities

 

 

2,748

 

 

 

2,760

 

Electronic equipment

 

 

775

 

 

 

779

 

Furniture

 

 

283

 

 

 

280

 

Leasehold improvement

 

 

114

 

 

 

114

 

Battery and charging swap infrastructure

 

 

106

 

 

 

106

 

Less: Accumulated depreciation

 

 

(1,599

)

 

 

(868

)

Less: Impairment of property and equipment(i)

 

 

(3,159

)

 

 

(3,186

)

Property and equipment, net

 

$

2,502

 

 

$

3,197

 

(i)      Accumulated impairment loss of property and equipment was US$3.2 million as of December 31, 2024 and 2023, which was recognized on certain property and equipment associated with vehicle manufacturing.

Schedule of Disposal Loss of Property and Equipment Disposal loss of property and equipment were US$0.1 million and US$0.02 million for the six months ended June 30, 2025 and 2024, respectively
 

Amounts

Balance as of December 31, 2023

 

$

3,186

 

Impairment made during the period

 

 

 

Effect of exchange rate differences

 

 

(27

)

Balance as of December 31, 2024

 

$

3,159

 

Effect of exchange rate differences

 

 

(96

)

Balance as of June 30, 2025

 

$

3,063

 

Impairment made for property and equipment was as follows:

 

Amounts

Balance as of December 31, 2022

 

$

 

Impairment made during the period

 

 

3,183

 

Effect of exchange rate differences

 

 

3

 

Balance as of December 31, 2023

 

$

3,186

 

Impairment made during the period

 

 

 

Effect of exchange rate differences

 

 

(27

)

Balance as of December 31, 2024

 

$

3,159