Installment Payment Receivables, Net

12 Months Ended

Dec. 31, 2024

Lessor Disclosure [Abstract]

Installment Payment Receivables, Net

12. Installment Payment Receivables, Net

Installment payment receivables relating to the installment payments for vehicles and batteries from customers consisted of the following:

	As of December 31,
	2023		2024
Current portion of installment payment receivables, net		1,881,755		2,558,756
Non-current portion of installment payment receivables, net		3,027,795		4,448,416
Total		4,909,550		7,007,172

Installment payment receivables consisted of the following:

	As of December 31,
	2023		2024
Current portion of installment payment receivables		1,929,463		2,590,645
Non-current portion of installment payment receivables		3,102,488		4,504,348
Allowance for doubtful accounts		(122,401)		(87,821)
Total		4,909,550		7,007,172

The Group recognized interest income resulting from installment payment sales of RMB204,765, RMB278,199 and RMB338,158 for the years ended December 31, 2022, 2023 and 2024, respectively.

Payment maturity analysis of installment payment receivables for vehicles and batteries 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, 2024
Within 1 year		2,679,103
Between 1 and 2 years		2,203,402
Between 2 and 3 years		1,570,031
Between 3 and 4 years		978,699
Between 4 and 5 years		330,486
Thereafter		206
Total receivables of installment payments		7,761,927
Less: Unrealized finance income		(666,934	)
Installment payment receivables, gross		7,094,993
Less: Allowance for installment payment receivables		(87,821	)
Installment payment receivables, net		7,007,172