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Balances and Transactions With Related Parties (Tables)
9 Months Ended
Sep. 30, 2022
Balances and Transactions With Related Parties [Abstract]  
Schedule of principal related parties with company transactions
Name of Entity or Individual   Relationship with the Company
New Era Group Zhejiang New Energy Materials Co., Ltd.   Shareholder of company’s subsidiary
Shenzhen Baijun Technology Co., Ltd   Shareholder of company’s subsidiary
Zhengzhou BAK Battery Co., Ltd   Note a
Zhengzhou BAK New Energy Technology Co., Ltd   Note b
Zhengzhou BAK Electronics Co., Ltd   Note c
Shenzhen BAK Battery Co., Ltd   Former subsidiary and refer to Note d
Shenzhen BAK Power Battery Co., Ltd   Former subsidiary and refer to Note d
Hangzhou Juzhong Daxin Asset Management Co., Ltd   Note e

 

Schedule of related party transactions
   Three months ended   Nine months ended 
   September 30,   September 30, 
   2021   2022   2021   2022 
Purchase of finished goods from Zhengzhou BAK Battery Co., Ltd  $477,185    10,624,282   $1,736,494   $25,743,966 
Sales of finished goods and raw materials to Zhengzhou BAK Battery Co., Ltd  $6,982    5,454,367   $148,564   $52,064,148 
Sales of finished goods and raw materials to Zhengzhou BAK Electronics Co., Ltd  $746    
-
   $413,099   $- 
Sales of finished goods and raw materials to Shenzhen BAK Power Battery Co., Ltd  $-    3,540,494   $18,402   $8,269,441 

 

Schedule of receivables from former subsidiary
   December 31,   September 30, 
   2021   2022 
         
Receivables from Shenzhen BAK Power Battery Co., Ltd  $2,263,955   $6,341,988 

 

Schedule of amount due from non-controlling interest
   December 31,   September 30, 
   2021   2022 
Shenzhen Baijun Technology Co., Ltd        
Current  $125,883   $112,424 
Non-current   62,941    56,212 
   $188,824   $168,636 

 

Schedule of amount due from related parties
   December 31,
2021
   September 30,
2022
 
Hangzhou Juzhong Daxin Asset Management Co., Ltd (Note 11)    $472,061   $210,796 

 

Schedule of other balances due from related parties
   December 31,
2021
   September 30,
2022
 
         
Trade receivable, net – Zhengzhou BAK Battery Co., Ltd. (i)  $14,583,061   $10,894,917 
           
Trade receivable, net – Zhengzhou BAK New Energy Technology Co., Ltd.    $459,714   $
-
 
           
Trade payable, net – Zhengzhou BAK Battery Co., Ltd  $(572,768)  $(7,966,972)
           
Dividend payable to non-controlling interest of Hitrans (note 15)   $(1,444,737)  $(1,289,075)

 

(i)

Up to the date of this report, Zhengzhou BAK Battery Co., Ltd. repaid $0.7 million to the Company

 

Schedule of payables to former subsidiaries
   December 31,   September 30, 
   2021   2022 
Payables to Shenzhen BAK Power Battery Co., Ltd  $(326,507)  $(368,772)