v3.25.1
Commitments and contingencies
12 Months Ended
Dec. 31, 2024
Commitments and contingencies  
Commitments and contingencies

26.Commitments and contingencies

(a)Capital expenditure commitments

Other than the capital commitments related to the acquisition of Lynk&Co described in Note 27, the Group’s capital expenditure commitments primarily relate to commitments on construction and purchase of production facilities, equipment and tooling. Total capital commitments contracted but not yet reflected in the combined and consolidated financial statements are as follows:

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As of December 31, 

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2023

    

2024

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RMB

    

RMB

Less than one year

 

227,875

 

36,483

One to three years

 

146,227

 

88,878

Four to five years

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13,752

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—

Total

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387,854

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125,361

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(b)   Contingencies

The Group is subject to periodic legal or administrative proceeding in the ordinary course of business. The Group does not have any pending legal or administrative proceeding to which the Group is a party that will have a material effect on its business or financial condition.