Concentrations and Credit Risk (Tables)

12 Months Ended

Dec. 31, 2023

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, 2022 and 2023 as follows:

	Year ended				Year ended
Sales of finished goods and raw materials	December 31, 2022				December 31, 2023
Customer B	$	28,071,738	11.29	%		*	*
Customer C		*	*	%		66,881,853	32.7	%
Customer D		57,856,658	23.26	%		*	*	%
Zhengzhou BAK Battery Co., Ltd (note 18)		53,236,804	21.40	%		27,872,002	13.6	%

* 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, 2022 and 2023 as follows:

	December 31, 2022				December 31, 2023
Customer A	$	4,004,880	18.94	%	$	*	*
Customer D		*	*			7,239,247	27.7	%
Zhengzhou BAK Battery Co., Ltd (note 18)		9,156,383	43.30	%		12,441,715	47.5	%

* Comprised less than 10% of net accounts receivable for the respective period.

The Company had the following suppliers that individually comprised 10% or more of net purchase for the years ended December 31, 2022 and 2023 as follows:

	Year ended December 31, 2022				Year ended December 31, 2023
Supplier A	$	33,781,075	14.46	%	$	18,786,335	12.1	%
Supplier B		*	*			17,786,678	11.5	%
Zhengzhou BAK Battery Co., Ltd (note 18)		26,819,454	11.48	%		*	*
Supplier C		24,720,344	10.58	%		*	*

* 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, 2022 and 2023 as follows:

	December 31, 2022				December 31, 2023
Supplier A	$	*	*		$	2,689,740	10.1	%
Supplier C		4,064,942	12.50	%		*	*
Zhengzhou BAK Battery Co., Ltd (note 18)		5,629,343	17.31	%		*	*
Zhejiang Shengyang Renewable Resources Technology Co., Ltd.		*	*			3,498,324	13.0	%