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Borrowings (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Short-Term Debt The following table presents the Company’s short-term debt as of June 30, 2025 ($ in thousands):
Weighted-average
interest rate per annum
June 30, 2025
Bank of China Working Capital Loans2.42 %48,891 
SPD Bank Working Capital Loans2.80 %41,908 
China Merchant Bank Working Capital Loans2.87 %34,895 
Bank of Communications Working Capital Loans2.75 %41,908 
Ningbo Bank Discounted Bills1.90 %6,907 
Total short-term debt2.66 %174,509