v3.26.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Summary of Significant Accounting Policies  
Schedule of estimated useful lives of property, plant and equipment

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Useful Lives

Building and building improvements

 

5 to 20 years

Production machineries, facilities and equipment

 

2 to 10 years

Motor vehicles

 

2 to 4 years

Mold and tooling

 

Unit-of-production

Leasehold improvements

 

Shorter of the estimated useful life or lease term

Schedule of estimated useful lives of intangible assets

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Useful Lives

Software, Patents and licenses

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2 to 10 years

Schedule of accrued warranty activity

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For the Year Ended December 31, 

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2024

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2025

Accrued warranty at beginning of the year

 

3,251,112

 

5,159,787

Warranty cost incurred

 

(289,592)

 

(747,272)

Provision for warranty(1)

 

2,198,267

 

2,733,383

Accrued warranty at end of the year

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5,159,787

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7,145,898

Including: Accrued warranty, current

 

518,441

 

1,602,897

Accrued warranty, non-current

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4,641,346

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5,543,001

(1)

In November 2025, the Group initiated voluntary recall of 11,411 of 2024 Li MEGA. In addition to product warranties, the Group recognized the estimated costs of the recall in 2025.