v3.26.1
RELATED PARTY TRANSACTIONS (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
RELATED PARTY TRANSACTIONS      
Interest income $ 28,143 $ 22,289 $ 9,204
Short term lease cost 15,058 10,020 4,288
Acquisition of the distribution right 30,710 33,620 11,031
Interest expenses 63,338 58,218 10,200
Payment of lease liabilities 17,420 22,260 34,752
Proceed from settlement of related party loans   140  
Proceed from disposal of an equity investment 58,885    
Related party      
RELATED PARTY TRANSACTIONS      
Cash receipts by related parties on behalf of the Group 0 0 3,695
Loans to related parties 60,722 262,203 1,227
Interest income 20,725 13,661 122
Payments of deposits   1,113  
Receipt from disposal of a subsidiary   12,157  
Payment by related parties on behalf of the Group 11,126 24,070 4,022
Interest expenses 39,109 19,504 0
Borrowing from related parties 720,171 198,475  
Repayment of borrowing from related party 170,247 0  
Proceed from settlement of related party loans   140  
Proceed from disposal of an equity investment 58,885    
Related party | Purchase of Geely License      
RELATED PARTY TRANSACTIONS      
Purchases 11,126 24,070 4,022
Related party | Purchase of products and services      
RELATED PARTY TRANSACTIONS      
Purchases 445,190 759,690 852,623
Interest expenses 15,007 17,455 0
Related party | Purchase of products and services for R&D activities      
RELATED PARTY TRANSACTIONS      
Purchases 59,342 107,544 134,721
Related party | Purchase of equipment and software      
RELATED PARTY TRANSACTIONS      
Purchases 534 1,346 11,223
Related party | Proceeds from disposal of equipment and software      
RELATED PARTY TRANSACTIONS      
Acquisition of the distribution right 11,033    
Related party | Short-term lease      
RELATED PARTY TRANSACTIONS      
Short term lease cost 172 129 765
Related party | Staff salary, social welfare and other travel expenses      
RELATED PARTY TRANSACTIONS      
Payment by related parties on behalf of the Group 2,879 5,165 14,514
Related party | Unsecured loan to a related party      
RELATED PARTY TRANSACTIONS      
Loans to related parties 60,722 261,647  
Interest income 20,090 13,415  
Related party | Unsecured short term loans      
RELATED PARTY TRANSACTIONS      
Interest income 153 131 122
Proceed from settlement of related party loans 0 140 0
Related party | Unsecured loan from a related party      
RELATED PARTY TRANSACTIONS      
Interest expenses 39,109 19,504  
Repayment of borrowing from related party 170,247    
Related party | Lease agreements      
RELATED PARTY TRANSACTIONS      
Acquisition of right-of-use assets 0 0 12,166
Payment of lease liabilities 1,844 191 269
Related party | Deposits received from related party suppliers      
RELATED PARTY TRANSACTIONS      
Deposits received from related party suppliers   14 251
Related party | Acquisition of distribution right      
RELATED PARTY TRANSACTIONS      
Acquisition of the distribution right     22,296
Related party | Provision of services      
RELATED PARTY TRANSACTIONS      
Revenues 29,045 24,358 12,573
Related party | Sales of goods      
RELATED PARTY TRANSACTIONS      
Revenues $ 5,933 $ 18,162 $ 3,432