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Organization (Tables) | 6 Months Ended
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Jun. 30, 2024
Organization [Abstract] |
Schedule of Principal Subsidiaries | As of the date of this report, the details of the Company’s principal subsidiaries are as follows:
Entity |  | Date of incorporation/ acquisition |  | Place of incorporation |  | Percentage of direct or indirect ownership by the Company |  | Principal activities
Subsidiaries: |  |  |  |  |  |  |  |
Youcang Limited (“Youcang”) |  | June 30, 2021 |  | British Virgin Islands |  | 100% |  | Investment holding
Energy U Limited (“Energy U”) |  | July 19, 2021 |  | Hong Kong |  | 100% |  | Investment holding
Shandong Yousheng New Energy Technology Development Co, Ltd. (“WFOE”)(1) |  | January 27, 2022 |  | PRC |  | 100% |  | Provision of technical and consultation services
Anhui Yousheng New Energy Co., Ltd (“AHYS”)(1) |  | May 16, 2013 |  | PRC |  | 100% |  | Provision of battery swapping stations sales
Youpin Automobile Service Group Co. Ltd. (“Youpin”)(1) |  | July 18, 2013 |  | PRC |  | 53.1072% |  | Provision of new energy vehicles sales, battery swapping stations sales, battery swapping services and sourcing services
Shanghai Youchuangneng Digital Technology Co., Ltd. (“SY Digital Tech) (1) |  | November 13, 2015 |  | PRC |  | 100% |  | Provision of new energy vehicles sales, battery swapping stations sales, battery swapping services and sourcing services
Youguan Financial Leasing Co., Ltd. (“Youguan Financial Leasing”)(1) |  | February 27, 2017 |  | PRC |  | 100% |  | Provision of sourcing services
Chengdu Youyipin Trading Co., Ltd. (“CD Youyipin”)(1) |  | June 21, 2019 |  | PRC |  | 100% |  | Provision of sourcing services
Zhejiang Youguan Automobile Service Co., Ltd. (“ZJ Youguan”)(1) |  | May 21, 2020 |  | PRC |  | 80% |  | Provision of sourcing services
Youpin Automobile Service (Shandong) Co., Ltd. (“Youpin SD”)(1) |  | June 30, 2020 |  | PRC |  | 86.96% |  | Provision of new energy vehicles sales and sourcing services
Chengdu Youyineng Automobile Service Co., Ltd. (“CD Youyineng”)(1) |  | October 29, 2020 |  | PRC |  | 100% |  | Provision of battery swapping stations manufacturing
Shanghai Youteng Automobile Service Co., Ltd. (“SH Youteng”)(1) |  | November 3, 2020 |  | PRC |  | 70% |  | Provision of sourcing services
Liaoning Youguan New Energy Technology Co. Ltd. (“LY New Energy”)(1) |  | November 8, 2019 |  | PRC |  | 100% |  | Provision of new energy vehicles sales and sourcing services
Shanghai Youxu New Energy Technology Co., Ltd. (“SH Youxu”)(1) |  | March 22, 2021 |  | PRC |  | 100% |  | Provision of battery swapping stations sales and battery swapping services
Quanzhou Youyi Power Exchange Network Technology Co., Ltd. (“QZ Youyi”)(1) |  | June 29, 2021 |  | PRC |  | 100% |  | Provision of battery swapping services
Youxu New Energy Technology (Zibo) Co., Ltd. (“Youxu Zibo”)(1) |  | July 29, 2021 |  | PRC |  | 100% |  | Provision of batter swapping stations manufacturing
Youxu (Xiamen) Power Exchange Network Technology Co., Ltd. (“Youxu XM”)(1) |  | August 10, 2021 |  | PRC |  | 100% |  | Provision of battery swapping services
Wuhu Youxu New Energy Technology Co., Ltd. (“WH Youxu”) (1) |  | November 12, 2021 |  | PRC |  | 100% |  | Provision of batter swapping stations manufacturing
Henan Youxu New Energy Technology Co., Ltd. (“HN Youxu”) (1) |  | December 1, 2022 |  | PRC |  | 80% |  | Provision of battery swapping stations sales
Youxu New Energy Technology (Nanyang) Co., Ltd. (“NY Youxu”) (1) |  | March 14, 2023 |  | PRC |  | 70% |  | Provision of batter swapping stations manufacturing
Zhuhai Youxu New Energy Technology Co., Ltd. (“Zhuhai Youxu”) |  | August.9..2023 |  | PRC |  | 100% |  | Provision of new energy vehicle battery swapping facilities sales
(1) | Collectively, the “PRC subsidiaries”.

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