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Concentrations and Credit Risk (Tables) | 12 Months Ended
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Dec. 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 years ended December 31, 2023 and 2024 as follows:
|  | Year ended |  |  | Year ended |
Sales of finished goods and raw materials |  | December 31, 2023 |  |  | December 31, 2024 |
Customer A |  | $ | * |  |  |  | * |  |  |  | 27,752,479 |  |  |  | 15.7 | %
Customer B |  |  | 66,881,853 |  |  |  | 32.7 | % |  |  | 57,563,897 |  |  |  | 32.6 | %
Zhengzhou BAK Battery Co., Ltd (note 18) |  |  | 27,872,002 |  |  |  | 13.6 | % |  |  | 18,661,537 |  |  |  | 10.6 | %
* | Comprised less than 10% of net revenue for the respective period.
|  | December 31, 2023 |  |  | December 31, 2024 |
Customer A |  | $ | 7,239,247 |  |  |  | 27.7 | % |  | $ | 10,676,044 |  |  |  | 41.5 | %
Zhengzhou BAK Battery Co., Ltd (note 18) |  |  | 12,441,715 |  |  |  | 47.5 | % |  |  | 5,970,184 |  |  |  | 23.2 | %
|  | Year ended December 31, 2023 |  |  | Year ended December 31, 2024 |
Supplier A |  | $ | 18,786,335 |  |  |  | 13.7 | % |  | $ | 10,171,281 |  |  |  | 10.1 | %
Supplier B |  |  | * |  |  |  | * |  |  |  | 11,864,125 |  |  |  | 11.7 | %
* | 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 2024 as follows:
|  | December 31, 2023 |  |  | December 31, 2024 |
Supplier A |  | $ | 2,689,740 |  |  |  | 10.2 | % |  | $ | * |  |  |  | * |
Supplier B |  |  | * |  |  |  | * |  |  |  | 3,263,562 |  |  |  | 12.4 | %
Zhejiang Shengyang Renewable Resources Technology Co., Ltd. |  |  | 3,498,324 |  |  |  | 13.3 | % |  |  | * |  |  |  | * |

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