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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Schedule of operating decision maker evaluates performance based on each reporting segment
For the three months ended March 31, 2021  CBAT   Corporate unallocated (note)   Consolidated 
Net revenues  $9,416,049   $
-
   $9,416,049 
Cost of revenues   (7,576,620)   
-
    (7,576,620)
Gross profit   1,839,429    
-
    1,839,429 
Total operating expenses   (1,319,248)   (548,063)   (1,867,311)
Operating income (loss)   520,181    (548,063)   (27,882)
Finance (expenses) income, net   (13,443)   5,845    (7,598)
Other income, net   1,217,648    28,426,000    29,643,648 
Income tax (expense) credit   
-
    
-
    
-
 
Net income    1,724,386    27,883,782    29,608,168 

 

For the three months ended March 31, 2022  CBAT   Hitrans   Corporate unallocated (note)   Consolidated 
Net revenues  $15,020,686   $65,175,612   $
-
   $80,196,298 
Cost of revenues   (14,037,762)   (60,842,182)   
-
    (74,879,944)
Gross profit   982,924    4,333,430    
-
    5,316,354 
Total operating expenses   (3,108,736)   (3,137,747)   (405,132)   (6,651,615)
Operating (loss) income   (2,125,812)   1,195,683    (405,132)   (1,335,261)
Finance income (expenses), net   107,870    (102,708)   (148)   5,014 
Other income, net   503,156    (217,952)   1,632,000    1,917,204 
Income tax credit   
-
    93,546   
-
    93,546
Net income   (1,514,786)   968,569    1,226,720    680,503 
                     
As of March 31, 2022                    
Identifiable long-lived assets   101,091,666    31,423,660    
-
    132,515,326 
Total assets   178,351,609    99,826,945    616,667    278,795,221 

 
Schedule of net revenues from manufacture of batteries by products
   Three months ended
March 31,		 
   2021   2022 
High power lithium batteries used in:        
Electric vehicles  $100,976   $309 
Light electric vehicles   34,104    88,764 
Uninterruptable supplies   8,763,583    14,931,613 
Trading of raw materials used in lithium batteries   517,386    
-
 
    9,416,049    15,020,686 
           
Materials used in manufacturing of lithium batteries          
Cathode   
-
    28,362,877 
Precursor   
-
    36,812,735 
    
-
    65,175,612 
Total consolidated revenue  $9,416,049   $80,196,298 

 
Schedule of net revenues from manufacture of batteries by geographical areas
   Three months ended
March 31,		 
   2021   2022 
Mainland China  $7,625,793    71,996,013 
Europe   1,789,045    8,134,906 
Others   1,211    65,379 
Total  $9,416,049   $80,196,298