v3.24.1.u1
REVENUES (Tables)
12 Months Ended
Dec. 31, 2023
REVENUES  
Schedule of disaggregation of revenue

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Year ended December 31,

​

​

2023

​

2022

    

2021

​

    

US$

    

US$

    

US$

Service line

 

  

 

  

 

  

Sales of goods – third parties

 

  

 

  

 

  

 – BEV lifestyle models

 

464,172

 

—

 

—

 – Sports cars

​

183,160

​

828

​

369

 – Others

 

9,394

 

335

 

—

​

 

656,726

 

1,163

 

369

Sales of goods – related parties

 

​

 

​

 

​

 – BEV lifestyle models

​

1,093

​

—

​

—

 – Sports cars

​

951

​

—

​

—

 – Others

 

1,388

 

23

 

—

​

 

3,432

 

23

 

—

Subtotal

 

660,158

 

1,186

 

369

Services

 

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​

 

​

 – related parties

 

12,573

 

8,344

 

3,280

 – third parties

 

6,277

 

27

 

38

Subtotal

 

18,850

 

8,371

 

3,318

Total revenues

 

679,008

 

9,557

 

3,687

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Year ended December 31,

​

​

2023

​

2022

    

2021

​

    

US$

    

US$

    

US$

Chinese mainland

 

419,448

 

8,816

 

3,109

UK

 

83,827

 

437

 

439

Japan

 

26,390

 

—

 

—

Australia

​

20,335

​

—

​

—

Belgium

​

20,701

​

—

​

—

France

​

16,341

​

—

​

—

Italy

​

14,650

​

—

​

—

Germany

​

15,904

​

—

​

—

Netherlands

​

13,729

​

—

​

—

Others

​

47,683

​

304

​

139

Revenues

 

679,008

 

9,557

 

3,687

Schedule of contract liabilities

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As of December 31,

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2023

    

2022

​

    

US$

    

US$

Current liabilities

 

  

 

  

 – Contract liabilities – third parties

 

44,184

 

7,843

 – Contract liabilities – related parties*

 

1

 

8

Non-current liabilities

 

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 – Contract liabilities – third parties

 

6,245

 

—

Contract liabilities, current and non-current

 

50,430

 

7,851

*This item is included in accrued expenses and other current liabilities — related parties in the consolidated balance sheets as of December 31, 2023 and 2022.