v3.26.3
INVENTORIES, NET
 6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
INVENTORIES, NET

5. INVENTORIES, NET

 

Inventories consisted of the following:

  

    June 30, 2026     December 31, 2025  
    As of  
    June 30, 2026     December 31, 2025  
Finished goods(1)   $ 5,132,823     $ 6,269,573  
Raw materials(2)     5,088,965       3,429,181  
Total Inventory   $ 10,221,788     $ 9,698,754  

 

(1) Finished goods includes electric vehicles and accessories.
   
(2) Raw materials mainly include parts, and battery cells.

 

Based on historical observations, the write-downs were immaterial to be recognized for the inventories for the six months ended June 30, 2026 and for the year ended December 31, 2025.