BANK BORROWINGS (Tables)

9 Months Ended

Sep. 30, 2025

Bank Borrowings [Abstract]

Schedule of Bank Borrowings Repayment

As of September 30, 2025, the Group had outstanding borrowings of $56,136 under the 2022 Facility Agreement.

Repayment Date	Repayment Amount
October 10, 2025	$9,644 (RMB68.7 million)
October 11, 2025	$4,390 (RMB31.2 million)
June 10, 2026	$21,051 (RMB149.9 million)
December 10, 2026	$21,051 (RMB149.9 million)

Schedule of Bank Borrowings

Changes in bank borrowings are as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Beginning balance	$	117,347	$	94,237	$	111,728	$	79,153
Proceeds from bank borrowings	10,479		29,911		70,050		70,373
Repayments of principal	(9,781)		(8,375)		(65,965)		(31,824)
Exchange difference	741		3,801		2,973		1,872
Ending balance	$	118,786	$	119,574	$	118,786	$	119,574

Balance of bank borrowings includes:	September 30, 2025		December 31, 2024
Current	$	84,390	$	70,666
Non-current	34,396		41,062
Total	$	118,786	$	111,728

Schedule of Banking Facilities and Aggregate Carrying Amount

The aggregate carrying amount of the assets pledged by the Group as of September 30, 2025 and December 31, 2024 are as follows:

	September 30, 2025		December 31, 2024
Buildings	$	117,374	$	119,166
Machinery and equipment	55,571		60,991
Land use rights	11,439		11,371
Construction in progress	—		335
Total	$	184,384	$	191,863