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Concentrations and Credit Risk (Tables)
 3 Months Ended
Mar. 31, 2024
Concentrations and Credit Risk [Abstract]  
Schedule of Concentration Risk The Company had the following customers that individually comprised 10% or more of net revenue for the three months ended March 31, 2023 and 2024 as follows:
   Three months ended March 31, 
Sales of finished goods and raw materials  2023   2024 
Customer A  $13,947,344    32.90%   30,141,709    51.2%
Zhengzhou BAK Battery Co., Ltd (note 18)   9,323,839    21.99%   *    * 
* Comprised less than 10% of net revenue for the respective period.
The Company had the following customers that individually comprised 10% or more of net trade receivable (included VAT) as of December 31, 2023 and March 31, 2024 as follows:
   December 31, 2023   March 31, 2024 
Customer A  $
*
    
*
   $5,830,595    23.1%
Customer B   7,239,247    27.7%   *    * 
Zhengzhou BAK Battery Co., Ltd (note 18)   12,441,715    47.5%   7,570,334    30.0%
* Comprised less than 10% of net accounts receivable for the respective period.

 

The Company had the following suppliers that individually comprised 10% or more of net purchase for the three months ended March 31, 2023 and 2024 as follows:
   Three months ended March 31, 
   2023   2024 
Supplier A  $5,532,709    15.4%  $
*
    
*
 
Supplier B   6,580,232    18.3%   3,242,455    10.1%
* Comprised less than 10% of net purchase for the respective period.
The Company had the following suppliers that individually comprised 10% or more of trade payable as of December 31, 2023 and March 31, 2024 as follows:
   December 31, 2023   March 31, 2024 
Supplier B  $2,689,740    10.1%  $3,794,051    12.1%
Zhejiang Shengyang Renewable Resources Technology Co., Ltd. (note 18)   3,489,324    13.0%   3,651,854    11.6%