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Concentrations and Credit Risk (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2023 and 2024 as follows:
|  | Three months ended June 30, |
Sales of finished goods and raw materials |  | 2023 |  |  | 2024 |
Customer A |  | $ | 10,677,416 |  |  |  | 25.17 | % |  | $ | 18,347,160 |  |  |  | 38.39 | %
Zhengzhou BAK Battery Co., Ltd (note 18) |  |  | 7,669,547 |  |  |  | 18.08 | % |  |  | * |  |  |  | * |
|  | Six months ended June 30, |
Sales of finished goods and raw materials |  | 2023 |  |  | 2024 |
Customer A |  | $ | 24,624,760 |  |  |  | 29.03 | % |  | $ | 48,488,869 |  |  |  | 45.48 | %
Zhengzhou BAK Battery Co., Ltd (note 18) |  |  | 16,993,386 |  |  |  | 20.03 | % |  |  | * |  |  |  | * |
* | Comprised less than 10% of net revenue for the respective period.
|  | December 31, 2023 |  |  | June 30, 2024 |
Customer A |  | $ | * |  |  |  | * |  |  | $ | 6,194,548 |  |  |  | 26.4 | %
Customer B |  |  | 7,239,247 |  |  |  | 27.7 | % |  |  | 4,022,846 |  |  |  | 17.1 | %
Zhengzhou BAK Battery Co., Ltd (note 18) |  |  | 12,441,715 |  |  |  | 47.5 | % |  |  | 4,255,488 |  |  |  | 18.1 | %
* | Comprised less than 10% of net trade receivable for the respective period.
|  | Three months ended June 30, |
|  | 2023 |  |  | 2024 |
Supplier A |  | $ | 2,907,877 |  |  |  | 10.60 | % |  | $ | * |  |  |  | * |
Supplier B |  |  | 4,440,887 |  |  |  | 16.19 | % |  |  | * |  |  |  | * |
Zhengzhou BAK Battery Co., Ltd (note 18) |  |  | * |  |  |  | * |  |  |  | 4,439,620 |  |  |  | 12.45 | %
|  | Six months ended June 30, |
|  | 2023 |  |  | 2024 |
Supplier A |  | $ | 8,440,586 |  |  |  | 13.31 | % |  | $ | * |  |  |  | * |
Supplier B |  |  | 11,021,119 |  |  |  | 17.38 | % |  |  | * |  |  |  | * |
Zhengzhou BAK Battery Co., Ltd (note 18) |  |  | * |  |  |  | * |  |  |  | 7,012,173 |  |  |  | 10.35 | %
* | Comprised less than 10% of net purchase for the respective period.
|  | December 31, 2023 |  |  | June 30, 2024 |
Supplier B |  | $ | 2,689,740 |  |  |  | 10.1 | % |  | $ | * |  |  |  | * |
Zhejiang Shengyang Renewable Resources Technology Co., Ltd. (note 18) |  |  | 3,489,324 |  |  |  | 13.0 | % |  |  | 3,458,860 |  |  |  | 10.7 | %

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