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Advance to Suppliers

6 Months Ended

Jun. 30, 2024

7. ADVANCE TO SUPPLIERS

Advance to suppliers consisted of the following:

	December 31, 2023			June 30, 2024
	RMB			RMB			US$
				(Unaudited）
Advance to suppliers		19,288			19,327			2,659
Less: allowance for expected credit losses		(8,472	)		(8,076	)		(1,111	)
		10,816			11,251			1,548

As of the year ended December 31, 2023, the balance of advance to suppliers mainly represented the prepayments in relation to the development and purchase of battery swapping stations as well as developing UOTTA-powered EVs. As of the six months ended June 30, 2024, the balance of advance to suppliers mainly represented the prepayments in relation to the development of vehicle sourcing, general and administrative expenses, and purchase of battery swapping stations. An analysis of the expected credit losses was as follows:

	December 31, 2023			June 30, 2024
	RMB			RMB			US$
				(Unaudited）
Balance at beginning of the period		(8,366	)		(8,472	)		(1,166	)
Additional (allowance)/reversal for expected credit losses		(106	)		396			55
Balance at the end of the period		(8,472	)		(8,076	)		(1,111	)