v3.26.1
RELATED PARTY TRANSACTIONS - Accrued expenses and other current liabilities (Details)
£ in Thousands, $ in Thousands
12 Months Ended
Jan. 31, 2023
USD ($)
Jan. 31, 2023
GBP (£)
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
RELATED PARTY TRANSACTIONS          
Amount recorded as inventories     $ 121,361 $ 188,582  
Interest expenses     63,338 58,218 $ 10,200
Short term lease cost     15,058 10,020 4,288
Related party          
RELATED PARTY TRANSACTIONS          
Interest expenses     39,109 19,504 0
Cash consideration $ 22,296 £ 18,055      
Accrued expenses and other current liabilities     211,665 213,582  
Purchase price of distribution right     22,296    
Historical cost of distribution right     0    
Repaid the loan principal to related parties     170,247 0  
Related party | Accrued expenses and other current liabilities          
RELATED PARTY TRANSACTIONS          
Amounts due to related parties     397 1,226  
Related party | Purchase of products and services          
RELATED PARTY TRANSACTIONS          
Purchases     445,190 759,690 852,623
Cost of goods sold     349,247 774,002 549,893
Interest expenses     $ 15,007 $ 17,455 $ 0
Bearing interest rate     6.95% 6.95% 6.95%
Related party | Purchase of products and services | Accrued expenses and other current liabilities          
RELATED PARTY TRANSACTIONS          
Amount recorded as inventories     $ 52,917 $ 25,483  
Related party | Purchase of products and services | Accounts Payable          
RELATED PARTY TRANSACTIONS          
Related parties for purchase     458,189 410,433  
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 products and services for R&D activities | Accrued expenses and other current liabilities          
RELATED PARTY TRANSACTIONS          
Amounts due to related parties     156,442 184,137  
Related party | Purchase of equipment and software          
RELATED PARTY TRANSACTIONS          
Purchases     534 1,346 11,223
Related party | Purchase of equipment and software | Accrued expenses and other current liabilities          
RELATED PARTY TRANSACTIONS          
Amounts due to related parties     1,603 2,649  
Related party | Purchase of R&D equipment and software          
RELATED PARTY TRANSACTIONS          
Purchases     534 1,346 11,223
Related party | Purchase of show cars for exhibition          
RELATED PARTY TRANSACTIONS          
Deposits received from related party     0 14 251
Deposits included in other non-current liabilities - related parties     856 1,471  
Related party | Purchase of show cars for exhibition | Accrued expenses and other current liabilities          
RELATED PARTY TRANSACTIONS          
Amounts due to related parties     306 39  
Related party | Staff salary, social welfare and other travel expenses | Accrued expenses and other current liabilities          
RELATED PARTY TRANSACTIONS          
Amounts due to related parties     2,879 5,165 14,514
Related party | Short-term lease          
RELATED PARTY TRANSACTIONS          
Short term lease cost     172 129 $ 765
Related party | Short-term lease | Accrued expenses and other current liabilities          
RELATED PARTY TRANSACTIONS          
Amounts due to related parties     0 48  
Related party | Short-term lease | Prepayments and other current assets          
RELATED PARTY TRANSACTIONS          
Prepayments to related parties     $ 9 $ 5