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Leases (Tables)
12 Months Ended
Dec. 31, 2024
Lessee Disclosure [Abstract]  
Schedule of Balance Sheet Information Related to Leases
The balances for the leases where the Group is the lessee are presented as follows within the consolidated balance sheets:
 
    
As of December 31,
 
    
2023
    
2024
 
Operating lease
     
Land use rights, net
     401,901        410,388  
Right-of-use
assets, net
     1,455,865        1,261,663  
  
 
 
    
 
 
 
Total operating lease assets
  
 
1,857,766
 
  
 
1,672,051
 
  
 
 
    
 
 
 
Operating lease liabilities - current
     365,999        324,496  
Operating lease liabilities - non current
     1,490,882        1,345,852  
  
 
 
    
 
 
 
Total operating lease liabilities
  
 
1,856,881
 
  
 
1,670,348
 
  
 
 
    
 
 
 
 
 
    
As of December 31,
 
    
2023
    
2024
 
Finance lease
     
Property, plant and equipment, at cost
     1,001,820        1,001,820  
Accumulated depreciation
     (75,137      (125,228
  
 
 
    
 
 
 
Property, plant and equipment, net
     926,683        876,592  
  
 
 
    
 
 
 
Finance lease liabilities - current
     34,382        41,940  
Finance lease liabilities - non current
     777,697        777,697  
  
 
 
    
 
 
 
Total finance lease liabilities
     812,079        819,637  
  
 
 
    
 
 
 
Summary of Components of Operating Lease Expense
The components of lease expense are as follows within the consolidated statements of comprehensive loss:
 
    
For the Year Ended December 31,
 
    
2022
    
2023
    
2024
 
Operating lease expense:
        
Operating lease expense
     595,032        540,688        426,998  
Short-term lease expense
     265,800        231,467        259,129  
  
 
 
    
 
 
    
 
 
 
Total operating lease expenses
  
 
860,832
 
  
 
772,155
 
  
 
686,127
 
  
 
 
    
 
 
    
 
 
 
Finance lease expense:
        
Amortization expense
     25,046        50,091        50,091  
Interest expense
     22,846        40,205        39,325  
 
  
 
 
 
  
 
 
 
  
 
 
 
Total finance lease expenses
    
47,892
 
  
 
90,296
 
  
 
89,416
 
    
 
 
    
 
 
    
 
 
 
Total lease expenses
  
 
908,724
 
  
 
862,451
 
  
 
775,543
 
  
 
 
    
 
 
    
 
 
 
Schedule of Other Information Related to Operating Leases
Other information related to operating leases where the Group is the lessee is as follows:
 
    
For the Year Ended December 31,
 
    
2022
   
2023
   
2024
 
Weighted-average remaining lease term
      
Operating leases
     5.1 years       4.6 years       4.3 years  
Finance leases
     6.6 years       5.6 years       4.6 years  
Land use rights
     49.5 years       49.0 years       48.0 years  
Weighted-average discount rate
      
Operating leases
     4.78     4.85     4.85
Finance leases
     4.90     4.90     4.90
Land use rights
     4.90     4.90     4.90
Summary of Cash Flow Information Related to Leases
Supplemental cash flow information related to leases where the Group is the lessee is as follows:
 

 
  
For the Year Ended December 31,
 
 
  
2022
 
  
2023
 
  
2024
 
Cash paid for amounts included in the measurement of lease liabilities:
  
  
  
Operating cash outflows from operating leases
     486,260        268,290        456,697  
Operating cash outflows from finance leases (interest payments)
     22,846        40,205        —   
Financing cash outflows from finance leases
     15,355        113,943        31,767  
Leased assets obtained in exchange for operating lease liabilities
     1,162,151        (316,558      186,698  
Leased assets obtained in exchange for finance lease liabilities
     1,001,820        —         —   
Summary of Maturities of The Group's Operating Lease Liabilities
As of December 31, 2024, the maturities of the Group’s lease liabilities (excluding short-term leases) are as follows:
 
    
As of December 31,

2024
 
    
Finance
Lease
    
Operating
Lease
 
Within 1 year
     31,767        395,180  
Between 1 and 2 years
     31,767        330,292  
Between 2 and 3 years
     34,835        224,951  
Between 3 and 4 years
     31,767        175,619  
Between 4 and 5 years
     825,955        557,743  
Thereafter
     —         250,835  
  
 
 
    
 
 
 
Total minimum lease payments
     956,091        1,934,620  
  
 
 
    
 
 
 
Less: Interest
     (136,454      (264,272
  
 
 
    
 
 
 
Present value of lease obligations
     819,637        1,670,348  
Less: Current portion
     (41,940      (324,496
  
 
 
    
 
 
 
Non - current portion of lease obligations
     777,697        1,345,852  
  
 
 
    
 
 
 
Schedule Of Balance Sheet Information Of Lessor Related To Leases
The balances for the factory lease where the Group is the lessor are presented as follows within the consolidated balance sheets:
 
    
As of December 31
 
    
2023
    
2024
 
Other current assets
     
Finance lease receivable
s
, current portion, net
     11,100        11,388  
Other
non-current
assets
     
Finance lease receivables,
non-current
portion, net
     205,118        204,435  
  
 
 
    
 
 
 
Total finance lease receivables, net
  
 
216,218
 
  
 
215,823
 
  
 
 
    
 
 
 
Schedule Of Net Investment In sale Type Leases Receivable
The net investment in sales-type lease consisted of:
 
    
As of December 31
 
    
2023
    
2024
 
Total minimum lease payments receivable
  
 
240,023
 
  
 
231,621
 
Less: Unearned income
     (51,541      (45,796
Unguaranteed residuals
     27,736        29,998  
  
 
 
    
 
 
 
Net investment in lease payments receivable
  
 
216,218
 
  
 
215,823
 
  
 
 
    
 
 
 
Current portion
     11,100        11,388  
  
 
 
    
 
 
 
Non-current portion
     205,118     
 
204,435
 
  
 
 
    
 
 
 
Sales Type And Direct Financing Leases Lease Receivable Maturity
Future minimum lease payments to be received for the sales-type lease are as follows:
 
    
As of December 31
 
    
2023
    
2024
 
Within 1 year
     20,002        27,602  
Between 1 and 2 years
     16,001        16,002  
Between 2 and 3 years
     16,001        16,002  
Between 3 and 4 years
     16,001        16,002  
Between 4 and 5 years
     16,001        16,002  
Thereafter
     156,017        140,011  
  
 
 
    
 
 
 
Total minimum lease receivable
     240,023        231,621  
Less: Unearned income
     (51,541      (45,796
Unguaranteed residuals
     27,736        29,998  
  
 
 
    
 
 
 
Net investment in finance lease
  
 
216,218
 
  
 
215,823