| Intangible Assets, Net |
10. Intangible Assets, Net Intangible assets, net consist of the following: | | | | | | | As of December 31, | | | 2023 | | 2024 | Automotive Manufacturing Permission | | 647,174 | | 647,174 | Insurance Agent License | | 35,000 | | 35,000 | Indefinite‑lived intangible assets, net | | 682,174 | | 682,174 | Software | | 258,705 | | 338,044 | Patents | | 694 | | 694 | Finite‑lived intangible assets | | 259,399 | | 338,738 | Less: Accumulated amortization | | | | | Software | | (76,699) | | (105,267) | Patents | | (694) | | (694) | Accumulated amortization | | (77,393) | | (105,961) | Finite‑lived intangible assets, net | | 182,006 | | 232,777 | Total intangible assets, net | | 864,180 | | 914,951 |
The Group recorded amortization expenses of RMB19,074, RMB24,297 and RMB28,940 for the years ended December 31, 2022, 2023 and 2024, respectively. As of December 31, 2024, amortization expenses related to intangible assets for future periods are estimated to be as follows: | | | | | For the Year Ending December 31, | 2025 | | 30,404 | 2026 | | 29,578 | 2027 | | 29,578 | 2028 | | 29,578 | 2029 and thereafter | | 113,639 | Total | | 232,777 |
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