v3.26.1
RELATED PARTY TRANSACTIONS - Additional information (Details)
1 Months Ended 12 Months Ended
Jan. 31, 2023
USD ($)
item
May 13, 2022
USD ($)
Sep. 30, 2024
Dec. 31, 2025
USD ($)
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Y
shares
Dec. 31, 2023
USD ($)
Sep. 27, 2024
USD ($)
RELATED PARTY TRANSACTIONS              
Borrowings from banks       $ 1,263,707,000 $ 802,519,000    
Interest expenses       63,338,000 58,218,000 $ 10,200,000  
Payment of lease liabilities       17,420,000 22,260,000 34,752,000  
Acquisition of the distribution right       30,710,000 33,620,000 11,031,000  
Intangible assets       116,475,000 116,500,000    
Put option liabilities - third parties       0 309,115,000    
LGIL Put Option              
RELATED PARTY TRANSACTIONS              
Changes in fair values of put options         11,884,000 2,508,000  
Put option liabilities - third parties       0 $ 0    
LGIL Put Option | Risk-free interest rate              
RELATED PARTY TRANSACTIONS              
Put option liabilities, measurement input         0.0398    
LGIL Put Option | Expected volatility              
RELATED PARTY TRANSACTIONS              
Put option liabilities, measurement input         0.3087    
LGIL Put Option | Expected dividend yield              
RELATED PARTY TRANSACTIONS              
Put option liabilities, measurement input         0    
LGIL Put Option | Remaining term              
RELATED PARTY TRANSACTIONS              
Put option liabilities, measurement input | Y         0.5    
LGIL Put Option | Probability of exercise condition              
RELATED PARTY TRANSACTIONS              
Put option liabilities, measurement input         0.85    
LGIL Put Option | Fair value of underlying ordinary share of LGIL              
RELATED PARTY TRANSACTIONS              
Put option liabilities, measurement input | $ / shares         0.02    
Lotus GmbH | Non discontinued operations              
RELATED PARTY TRANSACTIONS              
Percentage of equity interest disposed             80.00%
Cash consideration             $ 12,157,000
LGIL Put Option              
RELATED PARTY TRANSACTIONS              
Issuance of put options         $ 9,376,000    
Related party              
RELATED PARTY TRANSACTIONS              
Borrowings from banks       784,288,000 199,570,000    
Interest expenses       39,109,000 19,504,000 0  
Operating lease liabilities-related parties       1,636,000 1,028,000    
Operating lease liabilities, non-current       $ 3,105,000 10,729,000    
Term of investment   1 year          
Payment for purchase of a short-term investment   $ 10,000,000          
Conversion price | $ / shares       $ 9.5      
Fair value of listed equity securities       $ 1,811,000 2,221,000    
Prepayments and other current assets, net       111,886,000 74,558,000    
Other non-current assets       569,000 1,113,000    
Contract asset       $ 0 929,000    
Related party | Loans payable | Minimum              
RELATED PARTY TRANSACTIONS              
Interest rate       3.45%      
Related party | Loans payable | Maximum              
RELATED PARTY TRANSACTIONS              
Interest rate       7.91%      
Related party | Zhejiang Geely Automobile Co., Ltd              
RELATED PARTY TRANSACTIONS              
Borrowing from related party       $ 720,171,000      
Related party | Geely Auto Wuhan Branch and Wuhan Geely Auto Parts              
RELATED PARTY TRANSACTIONS              
Term of manufacturing agreement       10 years      
Related party | Geely holding              
RELATED PARTY TRANSACTIONS              
Interest expenses         6,000    
Borrowing from related party         198,475    
Short Term Borrowings Secured By Intellectual Property       $ 79,664,000      
Related party | Unsecured loan from a related party              
RELATED PARTY TRANSACTIONS              
Interest rate on debt (as a percent)     3.00%        
Interest expenses       39,109,000 19,504,000    
Related party | Lease agreements              
RELATED PARTY TRANSACTIONS              
Acquisition of right-of-use assets       0 0 12,166,000  
Payment of lease liabilities       1,844,000 191,000 269,000  
Operating lease liabilities-related parties       1,636,000 1,028,000    
Operating lease liabilities, non-current       3,105,000 10,729,000    
Related party | Service fee for entrusted daily operation and maintenance service | Wuhan Quanqing              
RELATED PARTY TRANSACTIONS              
Acquisition of the distribution right       0 0    
Related party | Payment of deposits              
RELATED PARTY TRANSACTIONS              
Acquisition of the distribution right       0 1,113,000 0  
Other non-current assets       569,000 1,113,000    
Related party | Disposal Of Equipment              
RELATED PARTY TRANSACTIONS              
Acquisition of the distribution right       11,033,000 0 $ 0  
Prepayments and other current assets, net       2,666,000 0    
Related party | Short-Term Loan              
RELATED PARTY TRANSACTIONS              
Borrowings from banks       784,288,000 199,570,000    
Interest expenses       24,102,000 2,049,000    
Outstanding loan principal and interest was secured by equity interests       $ 178,414,000      
Equity interest owned by subsidiary (in percent)       45.00%      
Short Term Borrowings Secured By Intellectual Property       $ 374,501,000      
Related party | Short-Term Loan | Intellectual Property | Asset Pledged as Collateral              
RELATED PARTY TRANSACTIONS              
Intangible assets       0 $ 0    
Related party | Short-Term Loan | Geely holding              
RELATED PARTY TRANSACTIONS              
Short term borrowings secured by potential share settlement       $ 231,328,000      
Related party | LGIL Put Option | Geely HK And Etika              
RELATED PARTY TRANSACTIONS              
Option Pre Agreed Price Revenue Multiplier 1.15            
Consideration $ 0            
Number of vehicles to be sold, pre-agreed condition | item 5,000            
Exercise price | $ / shares         $ 0    
Ordinary shares issued | shares         0