v3.25.1
Inventories
12 Months Ended
Dec. 31, 2024
Inventories.  
Inventories

8. Inventories

Inventories consist of the following:

As of December 31, 

    

2023

    

2024

Finished products

 

 

Vehicles

3,914,310

5,160,670

Other finished products

504,870

648,000

Raw materials and work in process

 

2,521,705

 

2,426,473

Inventories

6,940,885

8,235,143

Inventory valuation allowance

(68,906)

(49,539)

Inventories, net

 

6,871,979

 

8,185,604

Finished products primarily include vehicles ready for sale, spare parts and goods for online store and accessories.

Raw materials primarily consist of materials for volume production and work in process primarily consist of materials in production, which will be transferred into production cost when incurred.