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Segment Information
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segment Information
25. Segment Information

 

The Company used to engage in one business segment, the manufacture, commercialization and distribution of a wide variety of standard and customized lithium ion rechargeable batteries for use in a wide array of applications. The Company manufactured five types of Li-ion rechargeable batteries: aluminum-case cell, battery pack, cylindrical cell, lithium polymer cell and high-power lithium battery cell. The Company’s products are sold to packing plants operated by third parties primarily for use in mobile phones and other electronic devices.

 

After the disposal of BAK International and its subsidiaries (see Note 1), the Company focused on producing high-power lithium battery cells. Net revenues for the three and six months ended June 30, 2020 and 2021 were as follows:

 

Net revenues by product:

 

   Three months ended
June 30,		   Six months ended
June 30,		 
   2020   2021   2020   2021 
High power lithium batteries used in:                
Electric vehicles  $118,737   $396   $333,855   $101,372 
Light electric vehicles   2,593    74,459    3,344    108,563 
Uninterruptable supplies   4,502,917    5,813,136    11,188,322    14,576,719 
    4,624,247    5,887,991    11,525,521    14,786,654 
Raw materials used in lithium batteries   -    1,163    -    518,549 
Total  $4,624,247   $5,889,154   $11,525,521   $15,305,203 

 

Net revenues by geographic area:

 

   Three months ended
June 30,		   Six months ended
June 30,		 
   2020   2021   2020   2021 
Mainland China  $4,359,930    5,376,444   $11,236,719    13,002,237 
Europe   263,800    490,493    263,800    2,279,538 
Others   517    22,217    25,002    23,428 
Total  $4,624,247   $5,889,154   $11,525,521    15,305,203 

 

Substantially all of the Company’s long-lived assets are located in the PRC.