v3.26.1
Land Use Rights, Net
12 Months Ended
Dec. 31, 2025
Land and Land Improvements [Abstract]  
Land Use Rights, Net
11. Land Use Rights, Net
 
Land use rights and related accumulated amortization consisted of the following:
 
    
As of December 31,
 
    
2024
    
2025
 
Land use rights
     2,918,023        3,465,944  
Less: Accumulated amortization
     (173,599      (249,418 )
 
  
 
 
    
 
 
 
Total land use rights, net
     2,744,424        3,216,526  
  
 
 
    
 
 
 
Additions to land use rights of
RMB
90,341
, RMB
4,925
and RMB
547,921
 
for the years ended December 31, 2023, 2024 and 2025, respectively, are for the construction of manufacturing facilities and buildings supporting the Group’s vehicle production and daily operations.
The Group recorded amortization expenses for land use rights of RMB48,828, RMB49,868 and RMB75,819 for the years ended December 31, 2023, 2024 and 2025, respectively.