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v3.21.2

Subsequent Events (Details) ¥ in Thousands |  |  |  | 6 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Dec. 31, 2021 USD ($) | Dec. 31, 2021 CNY (¥) | Jul. 20, 2021 USD ($) | Jul. 20, 2021 USD ($) | Jul. 20, 2021 CNY (¥) | Apr. 01, 2021 | Jun. 30, 2021 USD ($) | Dec. 31, 2021 CNY (¥) | Jul. 20, 2021 CNY (¥) | Aug. 05, 2019 USD ($)
Subsequent Events (Details) [Line Items] |  |  |  |  |  |  |  |  |  |
Subsequent events, description |  |  |  |  |  | CBAK Power entered into a framework agreement relating to CBAK Power’s investment in Hitrans, pursuant to which CBAK Power will acquire 81.56% of the equity interests of Hitrans (the “Acquisition Agreement”). Under the Acquisition Agreement, CBAK Power will acquire 60% ownership of Hitrans from Zhejiang Meidu Graphene Technology Co., Ltd. (“Meidu Graphene”) valued at RMB118 million ($18.27 million) and 21.56% ownership of Hitrans from Hitrans’s management shareholders valued at approximately RMB40.74 million ($6.31 million). As of the date of the Acquisition Agreement, the 25% ownership of Hitrans held by Hitrans management shareholders was frozen as a result of a litigation arising from the default by Hitrans management shareholders on debts borrowed from Zhejiang Meidu Pawn Co., Ltd. (“Pawn Co.”) whereby the 25% ownership of Hitrans was pledged as collateral. Mr. Junnan Ye (“Mr. Ye”), acting as an intermediary, will first acquire 22.5% ownership of Hitrans, free of any encumbrances, from Hitrans management shareholders. Pursuant to the Acquisition Agreement, within five days of CBAK Power’s obtaining 21.56% ownership of Hitrans from Mr. Ye, CBAK Power will pay approximately RMB40.74 million ($6.31 million) in cash, which amount shall be used toward the repayment of debts due to Pawn Co.In addition, as of the date of the Acquisition Agreement, Meidu Graphene’s 60% ownership of Hitrans was frozen as a result of a litigation arising from Hitrans’s failure to make payments to New Era in connection with the purchase of land use rights, plants, equipment, pollution discharge permit and other assets (the “Assets”) under certain asset transfer agreements as well as Meidu Graphene’s guarantee for Hitrans’s payment obligations thereunder. | As of the date of this report, CBAK Power has acquired 81.56% ownership of Hitrans and has paid approximately RMB40.74 million (approximately $6.31 million) in cash to Mr. Ye. In addition to that, CBAK Power has wired approximately RMB131 million ($20.28 million) to the Court and Juzhong Daxin returned RMB7 million ($1.1 million) of the security deposit to CBAK Power. |  |  |
Percentage of equity interest rate |  |  | 81.56% | 81.56% |  |  | 81.56% |  | 81.56% |
Shareholders value |  |  |  | $ 6,310,000 | ¥ 40,740 |  |  |  |  |
Percentage of shareholders ownership |  |  | 21.56% | 21.56% |  |  |  |  | 21.56% |
Pledged collateral percentage |  |  | 25.00% | 25.00% |  |  |  |  | 25.00% |
Percentage of acquisition ownership |  |  | 60.00% | 60.00% |  |  |  |  | 60.00% |
Cash |  |  | $ 6,310,000 | $ 6,310,000 |  |  |  |  | ¥ 40,740 | $ 2,435,000
Loan amount |  |  | 20,280,000 | 20,280,000 |  |  |  |  | 118,000 |
Security deposit |  |  | 2,320,000 | 2,320,000 |  |  | $ 3,096,646 |  | 15,000 |
Court amount | $ |  |  | 131,000,000 |  |  |  |  |  |  |
Commission for facilitating acquisition |  |  | $ 770,000 | $ 770,000 |  |  |  |  | ¥ 5,000 |
Percentage of acquire ownership |  |  | 60.00% | 60.00% |  |  |  |  | 60.00% |
Concentration ownership percentage |  |  | 60.00% |  |  |  | 10.00% |  |  |
Loan repayment | $ 2,010,000.00 |  | $ 10,840,000 | $ 10,840,000 |  |  |  | ¥ 13,000 | ¥ 70,000 |
Fixed interest amount | 540,000 |  |  |  |  |  |  | ¥ 3,500 |  |
Repayments of Other Debt | $ 150,000 | ¥ 1,000 |  |  |  |  |  |  |  |
Loan interest percentage | 6.00% | 6.00% |  |  |  |  |  |  |  |
Meidu Graphene [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Events (Details) [Line Items] |  |  |  |  |  |  |  |  |  |
Shareholders value |  |  |  | $ 18,270,000 | ¥ 118,000 |  |  |  |  |
Mr. Junnan Ye [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Events (Details) [Line Items] |  |  |  |  |  |  |  |  |  |
Percentage of equity interest rate |  |  | 22.50% | 22.50% |  |  |  |  | 22.50% |
Percentage of acquisition ownership |  |  | 21.56% | 21.56% |  |  |  |  | 21.56% |
Hitrans Loan [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Events (Details) [Line Items] |  |  |  |  |  |  |  |  |  |
Percentage of equity interest rate |  |  | 60.00% | 60.00% |  |  |  |  | 60.00% |
Loan amount |  |  |  |  |  |  |  |  | ¥ 131,000 |
loan amount with lend |  |  |  |  |  |  |  |  | 131,000 |
Loan repayment |  |  |  |  |  |  |  |  | ¥ 118,000 |
Business Acquisition [Member] | Meidu Graphene [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Events (Details) [Line Items] |  |  |  |  |  |  |  |  |  |
Percentage of acquire ownership |  |  | 60.00% | 60.00% |  |  |  |  | 60.00% |
Hitrans held [Member] |  |  |  |  |  |  |  |  |  |
Subsequent Events (Details) [Line Items] |  |  |  |  |  |  |  |  |  |
Percentage of acquisition percentage |  |  |  | 25.00% | 25.00% |  |  |  |  |

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