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v3.25.4

Related Party Balance and Transactions (Tables) | 6 Months Ended
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Jun. 30, 2025
Related Party Balance and Transactions [Abstract] |
Schedule of Amounts Due from Related Parties | As of June 30, 2025 and December 31, 2024, the balances of amounts due from related parties were as follows:
|  |  |  | As of June 30, 2025 |  |  | As of December 31, 2024 |
Due from related parties |  |  |  |  |  |  |  |
Bally |  |  |  |  | $ | 5,172 |  |  | $ | 5,172 |
Zhongna Times |  |  | (1) |  |  | 697,973 |  |  |  | - |
Mr. Wenwu Zhang |  |  | (2) |  |  | 328,047 |  |  |  | 321,949 |
Shenzhen Zhuhai |  |  |  |  |  | - |  |  |  | 150,699 |
Zhihai Yuncheng |  |  |  |  |  | - |  |  |  | 63,588 |
Others |  |  |  |  |  | 700 |  |  |  | 700 |
Total |  |  |  |  | $ | 1,031,892 |  |  | $ | 542,108 |
(1) | The balance as of June 30, 2025 represented the advance payment on technological service fee on sodium-ion battery and silicon carbon battery.
(2) | The balance as of June 30, 2025 and December 31, 2024 represented the prepaid acquisition consideration to purchase Mr. Wenwu Zhang’s shares of Haicheng Shenhe.
As of June 30, 2025 and December 31, 2024, the balances of amounts due to related parties were as follows:
|  |  |  | As of June 30, 2025 |  |  | As of December 31, 2024 |
Due to related parties |  |  |  |  |  |  |  |
Ms. Jing Ji |  |  |  |  | $ | 19,369 |  |  | $ | 19,009 |
Shanghai Huiyang |  |  | (1) |  |  | 240,122 |  |  |  | 235,001 |
Haicheng Shenhe |  |  |  |  |  | 2,383 |  |  |  | 1,029 |
Huatai Zhonghe |  |  |  |  |  |  |  |  |  | - |
Zhuhai Investment |  |  | (2) |  |  | 2,177,673 |  |  |  | 3,442,663 |
Zhongna Times |  |  |  |  |  | - |  |  |  | 493,198 |
Others |  |  |  |  |  | 5,908 |  |  |  | 5,905 |
Total |  |  |  |  | $ | 2,445,455 |  |  | $ | 4,196,805 |
(1) | The balances as of June 30, 2025 and December 31, 2024 mainly represented the loans from Shanghai Huiyang Investment Co., with the annual interest rate of 4.35% and was initially due on August 13, 2023 and extended to December 31, 2025.
(2) | The balances as of June 30, 2025 and December 31, 2024 represented the loans from Zhuhai Investment, with the annual interest rate of 4% and is due on December 31, 2025.

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
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