UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 90,748	$ 73,007
Restricted cash, current	51,879	36,572
Accounts receivable (net of allowance for credit losses of $5,202 and $5,090 as of September 30, 2025 and December 31, 2024, respectively)	149,274	120,626
Notes receivable	1,497	7,579
Inventories, net	126,942	143,327
Prepaid expenses and other current assets	24,925	27,019
Assets held for sale	0	19,896
Total Current Assets	445,265	428,026
Restricted cash, non-current	0	22
Property, plant and equipment, net	524,016	478,189
Land use rights, net	11,439	11,371
Acquired intangible assets, net	2,281	2,607
Operating lease right-of-use assets	18,116	17,628
Other non-current assets	12,490	14,024
Total Assets	1,013,607	951,867
Current liabilities:
Accounts payable	59,797	64,940
Notes payable	57,197	51,756
Accrued expenses and other current liabilities	128,770	98,456
Advance from customers	5,678	43,678
Convertible loan measured at fair value	193,474	0
Short-term bank borrowings	84,390	70,666
Income tax payables	655	652
Total Current Liabilities	529,961	330,153
Long-term bonds payable	41,693	43,157
Long-term bank borrowings	34,396	41,062
Warrant liability	287	290
Share-based compensation liability	98	98
Operating lease liabilities	15,076	14,596
Convertible loan measured at fair value	0	104,613
Other non-current liabilities	33,984	30,003
Total Liabilities	655,495	563,972
Commitments and contingencies (Note 16)
Stockholders’ Equity
Common Stock (par value of U.S. Dollar $0.0001 per share, 750,000,000 and 750,000,000 shares authorized as of September 30, 2025 and December 31, 2024; 325,453,729 and 324,831,634 shares issued, and 323,766,229 and 323,144,134 shares outstanding as of September 30, 2025 and December 31, 2024)	33	33
Additional paid-in capital	1,515,285	1,512,982
Statutory reserves	6,032	6,032
Accumulated deficit	(1,138,715)	(1,092,958)
Accumulated other comprehensive loss	(24,523)	(38,194)
Total Equity	358,112	387,895
Total Liabilities and Equity	1,013,607	951,867
Related Party
Current liabilities:
Other current liabilities	$ 0	$ 5