| Accrued expenses and other liabilities |
Accrued expenses and other liabilities Accrued expenses and other current liabilities consisted of the following:
| | | | | | | | | | | | | As of December 31, | | As of June 30, | | 2025 | | 2026 | | Salaries and benefits payables | 14,547 | | | 10,669 | | | Taxes payable | 22,219 | | | 10,569 | | | Product warranties | 8,233 | | | 8,798 | | | Accrued costs of the Merger | 6,900 | | | 6,900 | | Other payables and accrued charges* | 36,976 | | | 42,281 | | | Accrued expenses and other current liabilities | 88,875 | | | 79,217 | |
*Other payables and accrued charges primarily include payables for research and development expenses, purchases of property, equipment and software and service fees.
Product warranties The following table provides a reconciliation of changes in the product warranties:
| | | | | | | | | | | | | As of December 31, | | As of June 30, | | 2025 | | 2026 | | Balance at the beginning of the year/period | 21,861 | | | 26,037 | | Additions | 8,922 | | | 3,520 | | | Settlements | (5,967) | | | (3,022) | | | Foreign currency translation adjustment | 1,221 | | | 740 | | | Balance at the end of the year/period | 26,037 | | | 27,275 | | | Including: | | | | | Current portion of warranty included in “Accrued expenses and other current liabilities” | 8,233 | | | 8,798 | | | Noncurrent portion of warranty included in “Provisions” | 17,804 | | | 18,477 | |
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