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Restructuring
 12 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
On September 12, 2022, the Board authorized management to pursue a plan to restructure the current EV resale activities in China. In 2023, the Company decided to completely wind down its China operations. In the second quarter of 2023, the Company decided to wind down Tree Technology business.

The restructuring costs are mainly employee termination cost. Employee termination benefits were recorded based on statutory requirements, completed negotiations and Company policy. The following table summarizes the charges in connection with its employee termination cost (in thousands):

Years ended
December 31, 2023December 31, 2022
Balance at the beginning of the period1,056 — 
Increase/(decrease)608 1,056 
Payment(1,268)— 
Balance at the end of the period396 1,056 
As of December 31, 2023, China and Tree Technology had completed all expected run-off activities and consequently was classified as a discontinued operation. For further details, please refer to Note 1 in the consolidated financial statements.