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Leases | 12 Months Ended
--- | ---
Dec. 31, 2020
Leases |
Leases | 11. Leases The Group has operating leases for office spaces and venues for auto shows the Group utilizes under lease arrangements. As of December 31, 2020, the Group recognized the following items related to operating leases in its consolidated balance sheet.
|  | As of
|  | December 31, |  | December 31,
|  | 2020 |  | 2020
|  | RMB |  | US$
ASSETS |  |  |  |
Operating lease right-of-use assets, net |  | 10,801 |  | 1,655
LIABILITIES |  |  |  |
Short-term operating lease liabilities |  | 5,911 |  | 906
Long-term operating lease liabilities |  | 4,048 |  | 620
The lease cost recognized in the Group’s consolidated statements of operations and comprehensive loss is summarized as follows:
|  |  |  | Year ended
|  |  |  | December 31, |  | December 31,
|  |  |  | 2020 |  | 2020
|  |  |  | RMB |  | US$
|  | Classification in consolidated statements of operations and comprehensive loss |  |  |  |
Operating lease cost |  | Cost of revenues and operating expenses |  | 42,643 |  | 6,535
A summary of maturity of operating lease liabilities under the Group's non-cancellable operating leases for office spaces and venues for auto shows as of December 31, 2020 is as follows:
|  | December 31, |  | December 31,
|  | 2020 |  | 2020
|  | RMB |  | US$
2021 |  | 6,030 |  | 924
2022 |  | 2,569 |  | 394
2023 |  | 1,299 |  | 199
2024 |  | 548 |  | 84
2025 |  | — |  | —
Total lease payments |  | 10,446 |  | 1,601
Less: imputed interest |  | (487) |  | (75)
Total |  | 9,959 |  | 1,526
Future minium lease payment under the Group’s non-cancellable operating leases of office spaces and venues for auto shows as of December 31, 2019, presented based on the Group’s historical accounting prior to the adoption of the new lease guidance, is as follows:
|  | December 31, |  | December 31,
|  | 2019 |  | 2019
|  | RMB |  | US$
2020 |  | 11,255 |  | 1,617
2021 |  | 5,786 |  | 831
2022 |  | 1,534 |  | 220
2023 |  | 499 |  | 72
2024 |  | 291 |  | 42
Total minimum commitments |  | 19,365 |  | 2,782
As of December 31, 2020, the Group's weighted-average remaining lease term was 2.35 years, and weighted-average discount rate was 4.75%.
|  | As of |
|  | December 31, |
|  | 2020 |
Weighted average remaining lease term |  | 2.35 |
Weighted average discount rate |  | 4.75 | %
As of December 31, 2020, the Group does not have any significant operating or finance leases that have not yet commenced. The Group's lease agreements do not contain any material residual value guarantees or material restrictive covenants.

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- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph Note 1 -URI http://asc.fasb.org/extlink&oid=121580752&loc=d3e38371-112697 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph Note 3 -URI http://asc.fasb.org/extlink&oid=121580752&loc=d3e38371-112697 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=77888252 + Details
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