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PREPAYMENT AND OTHER CURRENT ASSETS, NET (Details)
 12 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2021
CNY (¥)
Dec. 31, 2020
USD ($)
Dec. 31, 2020
CNY (¥)
Dec. 31, 2019
USD ($)
PREPAYMENT AND OTHER CURRENT ASSETS, NET [Abstract]          
Receivable from third parties [1] $ 348,773   $ 805,382    
Advance to suppliers 3,686,708   814,322    
Deductible input value added tax 1,196,186   903,715    
Refund for goods and services tax ("GST") [2] 2,488,528   0    
Others 269,412   178,187    
Total 7,989,607   2,701,606    
Less: provision for receivable from third parties [3] 0   (613,850)    
Prepayment and other current assets, net 7,989,607   2,087,756    
Additional Information of Prepaid Expense And Other Assets Current [Abstract]          
Receivable from third parties and advance to suppliers 157,445   0   $ 268,458
Xinlongma [Member]          
Additional Information of Prepaid Expense And Other Assets Current [Abstract]          
Receivable from agreement to provide spare-parts 301,486        
Wuhu Baoqi [Member]          
Additional Information of Prepaid Expense And Other Assets Current [Abstract]          
Net receivable     $ 612,278 ¥ 3,995,117  
Hangzhou Magic [Member]          
Additional Information of Prepaid Expense And Other Assets Current [Abstract]          
Receivable recognized $ 47,077 ¥ 300,000      
[1] In 2021, the Company entered into an agreement with Fujian Xinlongma Automobile Co., Ltd.(“Xinlongma”) pursuant to which the Company agreed to provide spare-parts to Xinlongma and Xinlongma would develop electric vehicles. The Company intends to use the receivable in the amount of $301,486 to settle amounts payable to Xinlongma for the Company’s purchase of electric vehicles in the future.
[2] GST is a value-added tax levied on goods and services sold for consumption in Australia. The balance as of December 31, 2021 is excess GST, which is refundable in the future.
[3] The Company recorded provision for receivable from third parties and advance to suppliers of $157,445, nil and $268,458 for the years ended December 31, 2021, 2020 and 2019 respectively.  The Company has written off all provision for receivables from third parties and advances to suppliers during the year ended December 31, 2021.