v3.25.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2025
Summary of Significant Accounting Policies  
Schedule of significant unobservable inputs adopted in the valuation

December 31, 2024

June 30, 2025

(Unaudited)

Unobservable Input

    

 

    

 

Expected volatility

 

49%-52%

 

46%-52%

Probability

 

Liquidation scenario: 20%-43%
Redemption scenario: 0%-43%
IPO scenario:15%-80%

 

Liquidation scenario: 20%-43%
Redemption scenario: 0%-43%
IPO scenario: 15%-80%

Schedule of cash and cash equivalents

December 31, 

June 30, 

    

2024

    

2025

(Unaudited)

Cash and cash equivalents

 

19,328,920

 

7,111,459

Restricted cash

 

8,320,728

 

9,260,268

Long-term restricted cash

 

97,720

 

78,073

Total

 

27,747,368

 

16,449,800

Schedule of estimate useful life of property, plant and equipment

    

Useful lives

Buildings and constructions

20 years

Production facilities

3-10 years

Charging and power swap infrastructure

5 to 8 years

R&D equipment

5 to 15 years

Computer and electronic equipment

3 to 5 years

Purchased software

1 to 5 years

Leasehold improvements

Shorter of the estimated useful life or remaining lease term (ranging from 1-10 years)

Vehicles for corporate use or customers’ subscription

5 years

Others (office equipment, after-sales equipment, etc.)

3 to 5 years

Schedule of reconciliation of carried-forward warranty liabilities

For the Six Months Ended June 30,

    

2024

    

2025

Warranty – beginning of the period

 

3,912,224

 

4,720,712

Provision for warranty

 

605,736

 

381,220

Warranty costs incurred

 

(139,523)

 

(137,619)

Warranty – end of the period

 

4,378,437

 

4,964,313