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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Schedule of operating decision maker evaluates performance based on each reporting segment
For the three months ended June 30, 2021   CBAT     Corporate
unallocated
(note)		     Consolidated  
Net revenues   $ 5,889,154     $ -     $ 5,889,154  
Cost of revenues     (4,791,503 )     -       (4,791,503 )
Gross profit     1,097,651       -       1,097,651  
Total operating expenses     (3,207,587 )     (613,575 )     (3,821,162 )
Operating loss     (2,109,936 )      (613,575 )     (2,723,511 )
Finance income, net     51,594       1,106       52,700  
Other income, net     331,576       5,059,458       5,391,034  
Income tax (expense) credit     -       -       -  
Net (loss) income     (1,726,766 )      4,446,989       2,720,223  

  

For the three months ended June 30, 2022   CBAT     Hitrans     Corporate
unallocated
(note)		     Consolidated  
Net revenues   $ 25,715,415     $ 30,634,245     $ -     $ 56,349,660  
Cost of revenues     (22,879,128 )     (27,935,224 )     -       (50,814,352 )
Gross profit     2,836,287       2,699,021       -       5,535,308  
Total operating expenses     (3,160,096 )     (1,892,508 )     (338,215 )     (5,390,819 )
Operating (loss) income     (323,809 )     806,513       (338,215 )     144,489  
Finance income (expenses), net     82,956       (96,857 )     (606,589 )     (620,490 )
Other (expenses) income, net     (723,820 )     264,874       2,131,000       1,672,054  
Income tax expenses     -       (179,788 )     -       (179,788 )
Net (loss) income     (964,673 )     794,742       1,186,196       1,016,265  

 

For the six months ended June 30, 2021   CBAT     Corporate
unallocated
(note)		     Consolidated  
Net revenues   $ 15,305,203     $ -     $ 15,305,203  
Cost of revenues     (12,368,123 )     -       (12,368,123 )
Gross profit     2,937,080       -       2,937,080  
Total operating expenses     (4,526,835 )     (1,161,638 )     (5,688,473 )
Operating loss     (1,589,755 )     (1,161,638 )     (2,751,393 )
Finance income, net     38,151       6,951       45,102  
Other income, net     1,549,224       33,485,458       35,034,682  
Income tax (expense) credit     -       -       -  
Net (loss) income     (2,380 )     32,330,771       32,328,391  

  

For the six months ended June 30, 2022   CBAT     Hitrans     Corporate
unallocated
(note)		     Consolidated  
Net revenues   $ 40,736,101     $ 95,809,857     $ -     $ 136,545,958  
Cost of revenues     (36,916,890 )     (88,777,406 )     -       (125,694,296 )
Gross profit     3,819,211       7,032,451       -       10,851,662  
Total operating expenses     (6,268,832 )     (5,030,255 )     (743,347 )     (12,042,434 )
Operating (loss) income     (2,449,621 )     2,002,196       (743,347 )     (1,190,772 )
Finance income (expenses), net     190,826       (199,565 )     (606,737 )     (615,476 )
Other (expenses) income, net     (220,664 )     46,922       3,763,000       3,589,258  
Income tax expenses     -       (86,242 )     -       (86,242 )
Net (loss) income     (2,479,459 )     1,763,311       2,412,916       1,696,768  
                                 
As of June 30, 2022                                
Identifiable long-lived assets     98,270,980       29,806,602       -       128,077,582  
Total assets     185,340,523       84,324,915       316,300       269,981,738  

 
Schedule of net revenues from manufacture of batteries by products
    Three months ended
June 30,		     Six months ended
June 30,		  
    2021     2022     2021     2022  
High power lithium batteries used in:                        
Electric vehicles   $ 396     $ (6 )   $ 101,372     $ 303  
Light electric vehicles     74,459       671,444       108,563       760,208  
Uninterruptable supplies     5,813,136       25,043,977       14,576,719       39,975,590  
Trading of raw material used in lithium batteries     1,163       -       518,549       -  
      5,889,154       25,715,415       15,305,203       40,736,101  
                                 
Materials used in manufacturing of lithium batteries                                
Cathode     -       26,523,780       -       54,886,657  
Precursor     -       4,110,465       -       40,923,200  
      -       30,634,245       -       95,809,857  
Total consolidated revenue   $ 5,889,154     $ 56,349,660     $ 15,305,203     $ 136,545,958  

 
Schedule of net revenues from manufacture of batteries by geographical areas
    Three months ended
June 30,		     Six months ended
June 30,		  
    2021     2022     2021     2022  
Mainland China   $ 5,376,444     $ 42,620,429     $ 13,002,237     $ 114,616,442  
Europe     490,493       13,740,194       2,279,538       21,875,100  
Others     22,217       (10,963 )     23,428       54,416  
Total   $ 5,889,154     $ 56,349,660     $ 15,305,203     $ 136,545,958