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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Information [Abstract] |
Schedule of operating decision maker evaluates performance based on each reporting segment |
For the year ended December 31, 2021 |  | CBAT |  |  | Hitrans |  |  | Corporate unallocated (note) |  |  | Consolidated |
Net revenues |  | $ | 34,804,089 |  |  | $ | 17,865,644 |  |  | $ | - |  |  | $ | 52,669,733 |
Cost of revenues |  |  | (30,946,417 | ) |  |  | (16,612,826 | ) |  |  | - |  |  |  | (47,559,243 | )
Gross profit |  |  | 3,857,672 |  |  |  | 1,252,818 |  |  |  | - |  |  |  | 5,110,490 |
Total operating expenses |  |  | (13,132,161 | ) |  |  | (979,547 | ) |  |  | (2,711,288 | ) |  |  | (16,822,996 | )
Operating (loss) income |  |  | (9,274,489 | ) |  |  | 273,271 |  |  |  | (2,711,288 | ) |  |  | (11,712,506 | )
Finance income (expenses), net |  |  | 286,741 |  |  |  | (137,178 | ) |  |  | 635,317 |  |  |  | 784,880 |
Other income, net |  |  | 2,641,329 |  |  |  | 310,395 |  |  |  | 61,802,000 |  |  |  | 64,753,724 |
Income tax credit |  |  | 7,713,191 |  |  |  | 19,855 |  |  |  | - |  |  |  | 7,733,046 |
Net income |  |  | 1,366,772 |  |  |  | 466,343 |  |  |  | 59,726,029 |  |  |  | 61,559,144 |
For the year ended December 31, 2022 |  | CBAT |  |  | Hitrans |  |  | Corporate unallocated (note) |  |  | Consolidated |
Net revenues |  | $ | 94,715,189 |  |  | $ | 154,010,296 |  |  | $ | - |  |  | $ | 248,725,485 |
Cost of revenues |  |  | (86,333,047 | ) |  |  | (144,297,114 | ) |  |  | - |  |  |  | (230,630,161 | )
Gross profit |  |  | 8,382,142 |  |  |  | 9,713,182 |  |  |  |  |  |  |  | 18,095,324 |
Total operating expenses |  |  | (13,489,453 | ) |  |  | (14,993,719 | ) |  |  | (1,116,755 | ) |  |  | (29,599,927 | )
Operating loss |  |  | (5,107,311 | ) |  |  | (5,280,537 | ) |  |  | (1,116,755 | ) |  |  | (11,504,603 | )
Finance income (expenses), net |  |  | 929,756 |  |  |  | (438,387 | ) |  |  | (309 | ) |  |  | 491,060 |
Other (expenses) income, net |  |  | (3,590,693 | ) |  |  | (3,661,782 | ) |  |  | 5,710,000 |  |  |  | (1,542,475 | )
Income tax credit |  |  | - |  |  |  | 1,228,207 |  |  |  | - |  |  |  | 1,228,207 |
Net (loss) income |  |  | (7,768,248 | ) |  |  | (8,152,499 | ) |  |  | 4,592,936 |  |  |  | (11,327,811 | )
As of December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Identifiable long-lived assets |  |  | 93.661,521 |  |  |  | 21,231,988 |  |  |  | - |  |  |  | 114,893,509 |
Total assets |  |  | 170,755,502 |  |  |  | 73,122,074 |  |  |  | 155,158 |  |  |  | 244,032,734 |
Schedule of net revenues by product |
|  | Year ended December 31, 2021 |  |  | Year ended December 31, 2022 |
High power lithium batteries used in: |  |  |  |  |  |
Electric vehicles |  | $ | 243,837 |  |  | $ | 4,694,694 |
Light electric vehicles |  |  | 733,382 |  |  |  | 6,415,277 |
Uninterruptable supplies |  |  | 33,307,073 |  |  |  | 83,603,046 |
Trading of raw materials used in lithium batteries |  |  | 519,796 |  |  |  | 2,172 |
|  |  | 34,804,088 |  |  |  | 94,715,189 |
Materials used in manufacturing of lithium batteries |  |  |  |  |  |  |  |
Cathode |  |  | 8,726,240 |  |  |  | 75,331,144 |
Precursor |  |  | 9,139,405 |  |  |  | 78,679,152 |
|  |  | 17,865,645 |  |  |  | 154,010,296 |
Total consolidated revenue |  | $ | 52,669,733 |  |  | $ | 248,725,485 |
Schedule of sales by geographical markets based on locations of customers |
|  | Year ended December 31, 2021 |  |  | Year ended December 31, 2022 |
Mainland China |  | $ | 43,745,765 |  |  |  | 198,114,578 |
Europe |  |  | 8,503,338 |  |  |  | 50,378,076 |
USA |  |  | 440 |  |  |  | 36,525 |
Others |  |  | 420,190 |  |  |  | 196,306 |
Total |  | $ | 52,669,733 |  |  | $ | 248,725,485 |

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