Other Current and Noncurrent Assets (Tables)

12 Months Ended

Dec. 31, 2025

Other Current And Noncurrent Assets [Abstract]

Schedule of Other Current Assets

Other current assets consisted of the following:

	As of December 31,
	2024			2025
	RMB			RMB			US$
Value-added tax recoverable		8,061			9,059			1,289
Loans to third parties (i)		21,305			20,345			2,895
Deposits		4,590			2,600			370
Staff advances		708			550			78
Others		705			1,977			281
Less: Allowance for expected credit losses		(6,337	)		(16,568	)		(2,357	)
		29,032			17,963			2,556

(i) In January 2023, LY New Energy, Youpin, Youxu Zibo and HN Youxu, respectively, entered into a one-year loan agreement signed annually with Shanghai Huazhen Construction Engineering Co., Ltd (“SH Huazhen”), pursuant to which LY New Energy, Youpin, Youxu Zibo and HN Youxu were entitled to lend a total loan amount of RMB12,560 (US$1,769) with free interest rate for working capital needs of SH Huazhen. As of December 31, 2025, the balance has been fully provided for impairment.  

In December 2023, Youguan Financial Leasing entered into a one-year loan agreement with Cao Yue, Gong Hua and He Guangquan for revolving loan quota, each quota of RMB2.4 million, pursuant to which Youguan Financial Leasing were entitled to lend a total loan amount of RMB7.2 million with free interest rate. As of December 31, 2025, the loan balance is RMB1,197 (US$170).

Schedule of Expected Credit Loss

An analysis of the expected credit losses was as follows:

	As of December 31,
	2024			2025
	RMB			RMB			US$
Balance at beginning of the year		(2,488	)		(6,337	)		(868	)
Additional allowance charged to expense		(3,849	)		(10,231	)		(1,489	)
Balance at the end of the year		(6,337	)		(16,568	)		(2,357	)

Schedule of Other Non-current Assets

Other non-current assets consisted of the following:

	As of December 31,
	2024		2025
	RMB		RMB		US$
Loans to third parties (iv)		81,552		78,926		11,228
Long-term deferred expenses(v)		181		-		-
		81,733		78,926		11,228

(iv)

On March 31, 2023, the Company entered into a five-year loan agreement with Worthy Credit Limited (“Worthy Credit”), pursuant to which the Company provides a loan of $5,000 to Worthy Credit bearing an interest rate of 2% per annual. Worthy Credit shall provide loan services to the Company’s customers who purchase the Company’s products sold in HK. As a result, the Company shall expect to promote its sourcing services, product sales as well as battery-swapping services in HK area. Consequently, the loan is not yet to be granted to any customers due to the fact that the Company’s vehicle product is still at certification stage and there is no contract entered into yet with any dealers or purchasers of battery swapping stations.

In April 2023, the Group entered into a cooperation agreement with Richness Fortune Credit (HK) Company Limited (“Richness”), whereby the Group agreed to provide a $6,000 loan to facilitate Richness’ identification of potential investment targets. However, due to persistent weakness in the primary investment market, the investment opportunities presented by Richness failed to meet management’s expectations, resulting in the funds remaining unutilized. Subsequently, in 2024, the Group and Richness executed an amendment agreement that: Extends the cooperation term through December 2028; Implements an annual interest charge of $300. During the year ended December 31, 2025, the Company recognized interest received of RMB 1,054 (US$150).

(v) On September 11, 2024, Youxu Zibo entered into a design service contract with Shanghai Kunying Technology Co., Ltd. for battery swap station projects. Under the agreement, design service costs are recognized in accordance with the construction progress of the respective battery swap stations. Costs related to uncompleted stations that have not passed final inspection are capitalized as long-term deferred expenses. As of December 31, 2025, the Company had no long-term deferred expenses.