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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net (loss) income $ 15,595,659 $ (5,143,709)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 4,257,197 4,168,974
Allowance for expected credit losses (880,001) 264,899
Amortization of operating lease 591,060 267,069
Write-down of inventories 1,993,561 1,574,933
Share-based compensation 208,766 829,363
Changes in fair value of warrants liability (121,000)
Gain on disposal of property, plant and equipment (184,179)
Gain on disposal on equity investee (26,912)
Changes in operating assets and liabilities:    
Trade and bills receivable (3,891,321) (3,578,079)
Inventories (994,717) 3,955,577
Prepayments and other receivable 3,080,423 690,511
Trade and bills payable (8,927,650) 11,823,466
Accrued expenses and other payables and product warranty provisions (713,437) (2,940,282)
Operating lease liabilities (585,850) (359,762)
Trade receivable from and payables to former subsidiaries 61,075 5,162,971
Income tax payable 805,375
Deferred tax assets (768,011)
Net cash provided by operating activities 10,389,049 15,826,920
Cash flows from investing activities    
Deposit paid for acquisition of long-term investment (9,074,133)
Proceeds from disposal of an equity method investees 277,496
Proceeds from disposal of property, plant and equipment 184,179
Purchases of property, plant and equipment and construction in progress (8,339,568) (19,570,271)
Net cash used in investing activities (16,952,026) (19,570,271)
Cash flows from financing activities    
Borrowings from banks 34,537,483 26,793,581
Repayment of bank borrowings (31,256,920) (13,577,340)
Placement of term deposits (34,629,189)
Borrowings from a shareholder 199,942
Repayment of borrowings to a shareholder (263,861)
Repayment of borrowings from a unrelated party (268,978)
Proceeds from finance lease 1,109,986
Principal payments of finance leases (1,332,538) (732,310)
Net cash provided by (used in) financing activities (31,571,178) 12,151,034
Effect of exchange rate changes on cash and cash equivalents and restricted cash (561,094) (2,125,146)
Net increase (decrease) in cash and cash equivalents and restricted cash (38,695,249) 6,282,537
Cash and cash equivalents and restricted cash at the beginning of period 58,822,816 37,356,076
Cash and cash equivalents and restricted cash at the end of period 20,127,567 43,638,613
Supplemental non-cash investing and financing activities:    
Transfer of construction in progress to property, plant and equipment 1,698,578 7,362,292
Lease liabilities arising from obtaining right-of-use assets 2,337,268 90,426
Cash paid during the year for:    
Income taxes 1,044,190
Interest, net of amounts capitalized $ 213,014 $ 6,078