v3.26.1
Accruals and Other Liabilities
12 Months Ended
Dec. 31, 2025
Accounts Payable and Accrued Liabilities, Current [Abstract]  
Accruals and Other Liabilities
15. Accruals and Other Liabilities
Accruals and other liabilities consisted of the following:
 
    
As of December 31,
 
    
2024
    
2025
 
Payables for purchase of property, plant and equipment
     1,799,882        2,282,932  
Accrued expenses
     958,607        1,848,156  
Employee compensation payables
     1,186,036        1,605,933  
Payables for R&D expenses
     1,069,926        1,199,382  
Debt from a third party investor(Note 17(i))
     —         1,189,973  
Payables for marketing events
     447,839        741,166  
Accrued cost of purchase commitments(i)
     621,419        727,091  
Deposits from third parties
     549,487        715,522  
Warranty provisions
     389,290        682,960  
Tax payables
     435,564        419,460  
Advance from customers
     376,897        300,836  
Refundable deposit from customers
     172,762        179,297  
Interest payables
     41,093        8,793  
Others
     601,834        637,197  
  
 
 
    
 
 
 
Total
     8,650,636        12,538,698  
  
 
 
    
 
 
 
Accrued expenses primarily included receipts of goods and services that the Group had not been invoiced yet.
 
  (i)
Due to cessation of production and upgrades of certain models, the Group recognized net losses of RMB285,519, RMB401,743 and RMB191,831 on purchase commitments in consolidated statements of comprehensive loss for the years ended December 31, 2023, 2024 and 2025.