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Segment Information
 9 Months Ended
Sep. 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 nine months ended September 30, 2020 and 2021 were as follows:

 

Net revenues by product:

 

   Three months ended
September 30,		   Nine months ended
September 30,		 
   2020   2021   2020   2021 
High power lithium batteries used in:                
Electric vehicles  $407,802   $6   $741,657   $101,378 
Light electric vehicles   22,859    227,333    26,203    335,896 
Uninterruptable supplies   5,920,683    9,335,146    17,109,005    23,911,865 
    6,351,344    9,562,485    17,876,865    24,349,139 
Raw materials used in lithium batteries   4,269,312    (295)   4,269,312    518,254 
Total  $10,620,656   $9,562,190   $22,146,177   $24,867,393 

 

Net revenues by geographic area:

 

   Three months ended
September 30,		   Nine months ended
September 30,		 
   2020   2021   2020   2021 
Mainland China  $10,007,044   $8,302,259   $21,243,763   $21,304,496 
Europe   506,606    1,042,996    770,406    3,322,534 
Others   107,006    216,935    132,008    240,363 
Total  $10,620,656   $9,562,190   $22,146,177   $24,867,393 

 

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