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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2024
Segment Information [Abstract]  
Schedule of Operating Decision Maker Evaluates Performance based on Each Reporting Segment The Company’s chief operating decision maker evaluates performance based on each reporting segment’s net revenue, cost of revenues, operating expenses, operating income, finance income (expense), other income and net income. Net revenue, cost of revenues, operating expenses, operating income, finance income (expense), other income and net income by segment for the three months ended March 31, 2023 and 2024 were as follows:
For the three months ended March 31, 2023  CBAT   Hitrans   Corporate unallocated (note)   Consolidated 
Net revenues  $29,603,383   $12,793,318   $
-
   $42,396,701 
Cost of revenues   (26,390,025)   (13,100,932)   
-
    (39,490,957)
Gross profit   3,213,358    (307,614)   
-
    2,905,744 
Total operating expenses   (3,227,946)   (2,430,412)   (128,276)   (5,786,634)
Operating loss   (14,588)   (2,738,026)   (128,276)   (2,880,890)
Finance income (expense), net   32,982    (27,619)   (52)   5,311 
Other income, net   90,530    92,683    85,000    268,213 
Income tax credit   
-
    402,884    
-
    402,884 
Net income (loss)   108,924    (2,270,078)   (43,328)   (2,204,482)

  

For the three months ended March 31, 2024  CBAT   Hitrans   Corporate unallocated (note)   Consolidated 
Net revenues  $44,837,869   $13,984,563   $
-
   $58,822,432 
Cost of revenues   (26,379,347)   (13,662,038)   
-
    (40,041,385)
Gross profit   18,458,522    322,525    
-
    18,781,047 
Total operating expenses   (5,979,471)   (1,422,456)   (1,116,137)   (8,518,064)
Operating income (loss)   12,479,051    (1,099,931)   (1,116,137)   10,262,983 
Finance income (expenses), net   11,721    (1,997)   (61)   9,663 
Other income, net   240,443    108,171    
-
    348,614 
Income tax expenses   (1,048,786)   
-
    
-
    (1,048,786)
Net income (loss)   11,682,429    (993,757)   (1,116,198)   9,572,474 
                     
As of March 31, 2024                    
Identifiable long-lived assets   99,275,850    42,634,236    
-
    141,910,086 
Total assets   201,026,385    85,394,707    37,989    286,459,081 
Schedule of Revenue from These Products The Company’s battery products are sold to packing plants operated by third parties primarily for use in mobile phones and other electronic devices. For the product sales of materials used in manufacturing of lithium batteries, the Company, via its subsidiary, Hitrans, manufactured cathode materials and Precursor for use in manufacturing of cathode. Revenue from these products is as follows:
   Three months ended
March 31,		 
   2023   2024 
High power lithium batteries used in:        
Electric vehicles  $1,820,248   $480,181 
Light electric vehicles   1,968,057    1,510,292 
Residential energy supply and uninterruptable supplies   25,815,078    42,847,396 
    29,603,383    44,837,869 
           
Materials used in manufacturing of lithium batteries          
Cathode   10,621,073    4,798,370 
Precursor   2,172,245    9,186,193 
    12,793,318    13,984,563 
Total consolidated revenue  $42,396,701   $58,822,432 
Schedule of Company’s Sales by Geographical Markets based on Locations of Customers The Company’s operations are located in the PRC. The following table provides an analysis of the Company’s sales by geographical markets based on locations of customers:
   Three months ended
March 31,		 
   2023   2024 
Mainland China  $24,546,737   $23,690,763 
Europe   17,259,288    32,893,914 
Others   590,676    2,237,755 
Total  $42,396,701   $58,822,432