v3.26.1
Installment Payment Receivables, Net
12 Months Ended
Dec. 31, 2025
Schedule Of Installment Receivables with Significant Financing Component, Before Allowance For Credit Loss [Abstract]  
Installment Payment Receivables, Net
12. Installment Payment Receivables, Net
 
Installment payment receivables primarily include customer installment payments for auto financing as well as technical R&D services, which comprise the following:
 
    
As of December 31,
 
    
2024
    
2025
 
Current portion of installment payment receivables, net
     2,558,756        3,553,054  
Non-current
portion of installment payment receivables, net
     4,448,416        6,496,020  
  
 
 
    
 
 
 
Total
     7,007,172        10,049,074  
  
 
 
    
 
 
 
Installment payment receivables consisted of the following:
 
    
As of December 31,
 
    
2024
    
2025
 
Current portion of installment payment receivables
     2,590,645        3,598,443  
Non-current
portion of installment payment receivables
     4,504,348        6,571,377  
Allowance for doubtful accounts
     (87,821      (120,746
  
 
 
    
 
 
 
Total
     7,007,172        10,049,074  
  
 
 
    
 
 
 
The Group recognized interest income resulting from auto financing arrangements of
RMB278,199, RMB338,158 and RMB396,879 for the years ended December 31,2023, 2024 and 2025, respectively.
 
 
Payment maturity analysis of installment payment receivables for each of the next five years and a reconciliation of the gross receivables to the present value are as follows:
 
    
As of December 31,
2025
 
Within 1 year
     3,607,968  
Between 1 and 2 years
     2,998,705  
Between 2 and 3 years
     2,156,732  
Between 3 and 4 years
     1,378,131  
Between 4 and 5 years
     710,122  
Thereafter
     1,036,683  
  
 
 
 
Total receivables of installment payments
     11,888,341  
  
 
 
 
Less: Unrealized finance income
     (1,718,521
  
 
 
 
Installment payment receivables, gross
     10,169,820  
Less: Allowance for installment payment receivables
     (120,746
  
 
 
 
Installment payment receivables, net
     10,049,074