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Warrant liabilities (Tables)
12 Months Ended
Dec. 31, 2023
Warrants and Rights Note Disclosure [Abstract]  
Schedule of changes in warrant liability measured at fair value using unobservable inputs The tables below reflect the movement of the warrant liability for the year ended December 31, 2021:
January 1, 2021
RMB
Addition
RMB
Change in fair value included in losses
RMB
Foreign exchange translation
RMB
Settlement
(Note 18)
RMB
December
31, 2021
RMB
Liabilities
Warrant liabilities80,270 — 111,299 — (191,569)— 
Schedule of warrants are remeasured utilizing key assumptions
As of December 31,
 20222023
Risk-free rate of return (%)3.99 %3.93 %
Volatility6.99 %29.50 %
Expected dividend yield0.0 %0.0 %
Expected term5.0 years4.0 years
Fair value of the underlying ordinary shares
US$7.99 (equivalent to RMB55.11)
US$3.16 (equivalent to RMB22.44)
Schedule of movement of ECARX warrants
The table below reflects the movement of ECARX Warrants for the years ended December 31, 2022 and 2023:
January 1, 2022
RMB
Addition
RMB
Loss/(gain) due to change in fair value
RMB
Foreign exchange translation
RMB
Settlement
RMB
December
31, 2022
RMB
Liabilities
ECARX Public Warrants — 8,277 1,991 78 — 10,346 
ECARX Private Warrants— 4,895 1,254 49 — 6,198 
Total— 13,172 3,245 127 — 16,544 
January 1,
2023
RMB
Addition
RMB
Loss/(gain) due to change in fair value
RMB
Foreign exchange
translation
RMB
Settlement
RMB
December
31, 2023
RMB
Liabilities
ECARX Public Warrants10,346 — (7,349)198 — 3,195 
ECARX Private Warrants6,198 — (4,370)118 — 1,946 
Total16,544 — (11,719)316 — 5,141