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v3.26.1

Property, Plant and Equipment, Net (Details) ¥ in Thousands, $ in Thousands | 12 Months Ended |
--- | --- | ---
Dec. 31, 2025 CNY (¥) | Dec. 31, 2024 CNY (¥) | Dec. 31, 2023 CNY (¥) | Dec. 31, 2025 USD ($)
Property, Plant and Equipment, Net |  |  |  |
Property and equipment | ¥ 47,252,243 | ¥ 41,454,672 |  |
Less: Accumulated depreciation | (21,421,906) | (15,559,399) |  |
Less: Accumulated impairment | (2,369) | (2,369) |  |
Total property, plant and equipment, net | 25,827,968 | 25,892,904 |  | $ 3,693,350
Depreciation expenses | 7,141,325 | 5,870,195 | ¥ 3,372,673 |
Restricted as collateral |  |  |  |
Property, Plant and Equipment, Net |  |  |  |
Total property, plant and equipment, net | 1,549,257 | 1,131,796 |  |
Production facilities |  |  |  |
Property, Plant and Equipment, Net |  |  |  |
Property and equipment | 10,356,573 | 6,845,010 |  |
Mold and tooling |  |  |  |
Property, Plant and Equipment, Net |  |  |  |
Property and equipment | 10,299,152 | 7,108,020 |  |
Charging & battery swap equipment |  |  |  |
Property, Plant and Equipment, Net |  |  |  |
Property and equipment | 9,276,827 | 7,761,253 |  |
Leasehold improvements |  |  |  |
Property, Plant and Equipment, Net |  |  |  |
Property and equipment | 6,365,523 | 6,124,611 |  |
Computer and electronic equipment |  |  |  |
Property, Plant and Equipment, Net |  |  |  |
Property and equipment | 1,901,435 | 1,922,333 |  |
Corporate vehicles |  |  |  |
Property, Plant and Equipment, Net |  |  |  |
Property and equipment | 1,666,591 | 1,949,132 |  |
R&D equipment |  |  |  |
Property, Plant and Equipment, Net |  |  |  |
Property and equipment | 1,648,097 | 1,635,821 |  |
Purchased software |  |  |  |
Property, Plant and Equipment, Net |  |  |  |
Property and equipment | 1,441,795 | 1,349,419 |  |
Buildings and constructions |  |  |  |
Property, Plant and Equipment, Net |  |  |  |
Property and equipment | 911,446 | 913,281 |  |
Construction in process |  |  |  |
Property, Plant and Equipment, Net |  |  |  |
Property and equipment | 852,922 | 3,616,078 |  |
Subscription vehicles |  |  |  |
Property, Plant and Equipment, Net |  |  |  |
Property and equipment | 791,480 | 799,846 |  |
Others |  |  |  |
Property, Plant and Equipment, Net |  |  |  |
Property and equipment | ¥ 1,740,402 | ¥ 1,429,868 |  |

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