v3.26.1
Other Non-Current Liabilities (Tables)
12 Months Ended
Dec. 31, 2025
Other Liabilities, Noncurrent [Abstract]  
Summary of Other non-current liabilities
Other
non-current
liabilities consisted of the following:
 
 
  
As of December 31,
 
 
  
2024
 
  
2025
 
Warranty provisions
(ii)
     809,437        1,111,920  
Government grants
     201,823        204,734  
Debt from third party investors
(i)
     1,316,206        166,233  
Deposits from a third party
(iii)
     118,310        85,397  
  
 
 
    
 
 
 
Total
     2,445,776        1,568,284  
  
 
 
    
 
 
 
(i) The debt from third party investors consisted of the following
two
financing arrangements:
Summary of movements of accrued warranty
(ii) Movement of accrued warranty is as following:
 
    
For the Year Ended

December 31,
 
    
2023
    
2024
    
2025
 
Accrued warranty - beginning of the year
     641,062        1,008,993        1,198,727  
Warranty costs incurred
     (228,674      (208,691      (357,473
Provision for warranty
     596,605        597,465        962,623  
Adjustments to
pre-existing
warranty liabilities
     —         (199,040      (8,997 )
  
 
 
    
 
 
    
 
 
 
Accrued warranty - end of year
     1,008,993        1,198,727        1,794,880  
Less: Current portion of warranty
     (219,988      (389,290      (682,960
  
 
 
    
 
 
    
 
 
 
Non-current
portion of warranty
     789,005        809,437        1,111,920