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v3.23.3

Deposit Paid for Acquisition of Long-term Investments (Details) ¥ in Millions, $ in Millions |  |  | 9 Months Ended |  |
--- | --- | --- | --- | --- | ---
Nov. 06, 2023 | Sep. 27, 2023 USD ($) | Sep. 27, 2023 CNY (¥) | Sep. 30, 2023 USD ($) | Sep. 30, 2023 CNY (¥) | Sep. 27, 2023 CNY (¥)
Deposit Paid for Acquisition of Long-term Investments [Line Items] |  |  |  |  |  |
Purchase cost |  | $ 35.7 |  |  |  | ¥ 260.0
Contributed cost |  |  |  | $ 1.7 | ¥ 12.4 |
Holding price |  | $ 3.9 | ¥ 28.6 |  |  |
Amount Paid (in Yuan Renminbi) |  |  | ¥ 14.3 |  |  |
Additional equity interest |  | 44.00% | 44.00% |  |  |
Shenzhen BAK Power Battery Co., Ltd [Member] |  |  |  |  |  |
Deposit Paid for Acquisition of Long-term Investments [Line Items] |  |  |  |  |  |
Owns individual |  | 5.00% |  |  |  | 5.00%
Shenzhen BAK Battery Co., Ltd [Member] |  |  |  |  |  |
Deposit Paid for Acquisition of Long-term Investments [Line Items] |  |  |  |  |  |
Owns individual |  | 5.00% |  |  |  | 5.00%
Equity transfer agreement description |  |  |  | (i) RMB40 million (approximately $5.5 million) due prior to December 31, 2023; (ii) RMB90 million (approximately $12.4 million) due prior to September 30, 2024, and (iii) the remaining Target Equity balance of RMB130 million (approximately $17.8 million) due following SZ BAK’s successful transfer to Nanjing CBAK of the five percent (5%) equity interest in BAK SZ. Upon Nanjing CBAK having paid RMB130 million of the Target Equity, the parties shall work together to complete the registration of equity change with the local governmental authorities. |  |
Zhejiang Shengyang Renewable Resources Technology Co., Ltd [Member] |  |  |  |  |  |
Deposit Paid for Acquisition of Long-term Investments [Line Items] |  |  |  |  |  |
Owns individual |  | 26.00% |  |  |  | 26.00%
Mr. Shengyang Xu [Member] |  |  |  |  |  |
Deposit Paid for Acquisition of Long-term Investments [Line Items] |  |  |  |  |  |
Owns individual |  | 97.00% |  |  |  | 97.00%
Zhejiang Hitrans Lithium Technology Co., Ltd [Member] |  |  |  |  |  |
Deposit Paid for Acquisition of Long-term Investments [Line Items] |  |  |  |  |  |
Owns individual |  | 26.00% |  |  |  | 26.00%
Mr. Xu [Member] |  |  |  |  |  |
Deposit Paid for Acquisition of Long-term Investments [Line Items] |  |  |  |  |  |
Price due rate |  | 50.00% | 50.00% |  |  |
Hitrans [Member] |  |  |  |  |  |
Deposit Paid for Acquisition of Long-term Investments [Line Items] |  |  |  |  |  |
Price due rate |  | 50.00% | 50.00% |  |  |
Nanjing CBAK [Member] |  |  |  |  |  |
Deposit Paid for Acquisition of Long-term Investments [Line Items] |  |  |  |  |  |
Contributed cost |  |  |  | $ 3.1 | ¥ 22.4 |
Zhejiang Shengyang [Member] |  |  |  |  |  |
Deposit Paid for Acquisition of Long-term Investments [Line Items] |  |  |  |  |  |
Additional equity interest | 26.00% |  |  |  |  |

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