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Concentrations and Credit Risk (Tables)
 9 Months Ended
Sep. 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 September 30, 2023 and 2024 as follows:
   Three months ended September 30, 
Sales of finished goods and raw materials  2023   2024 
Customer A  $*    *   $8,581,026    19.2%
Customer B   21,227,599    33.5%  $9,061,625    20.3%
Customer C   8,380,509    13.2%   *    * 
Zhengzhou BAK Battery Co., Ltd (note 18)   *    *    5,166,670    11.6%

 

The Company had the following customers that individually comprised 10% or more of net revenue for the nine months ended September 30, 2023 and 2024 as follows:
   Nine months ended September 30, 
Sales of finished goods and raw materials  2023   2024 
Customer A  $*    *   $15,584,538    10.3%
Customer B   45,852,359    30.9%   57,550,494    38.1%
Zhengzhou BAK Battery Co., Ltd (note 18)   22,815,451    15.4%   *    * 
* 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 September 30, 2024 as follows:
   December 31, 2023   September 30, 2024 
Customer A  $7,239,247    27.7%  $7,249,519    29.4%
Zhengzhou BAK Battery Co., Ltd (note 18)   12,441,715    47.5%   4,921,121    19.9%
* Comprised less than 10% of net trade 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 September 30, 2023 and 2024 as follows:
   Three months ended September 30, 
   2023   2024 
Supplier A  $*    *   $3,504,195    11.9%
Supplier B   *    *    3,548,023    12.0%
Supplier C   6,391,095    13.4%   *    * 
Zhengzhou BAK Battery Co., Ltd (note 18)   7,554,266    15.8%   *    * 
The Company had the following suppliers that individually comprised 10% or more of net purchase for the nine months ended September 30, 2023 and 2024 as follows:
   Nine months ended September 30, 
   2023   2024 
Supplier A  $15,284,263    13.8%  $*    * 
* 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 September 30, 2024 as follows:
   December 31, 2023   September 30, 2024 
Supplier A  $2,689,740    10.1%  $5,149,724    15.2%
Zhejiang Shengyang Renewable Resources Technology Co., Ltd. (note 18)   3,489,324    13.0%   3,500,853    10.3%