v3.25.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
Summary of Significant Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives of Property and Equipment Estimated useful lives are as follows:
Category   Estimated
useful lives
Electronic equipment   5 years
Vehicles   5 years
Production facilities   10 years
Battery and charging swap infrastructure   5 years
Furniture   5 years
Schedule of Estimated Useful Lives of Intangible Assets Intangible assets are amortized using the straight-line approach over the estimated economic useful lives of the assets as follows:
Category   Estimated
useful lives
Software   2 years
Trademark   10 years
Schedule of Fair Value Measurements of Liabilities

The following table details the fair value measurements of liabilities that were measured at fair value on a recurring basis based on the following three-tiered fair value hierarchy per ASC 820, Fair Value Measurement, as of December 31, 2024 and 2023.

 

   Fair Value Measurement using 
   Level 1   Level 2   Level 3   Total fair
value		 
Warrant liabilities:                
As of December 31, 2024  $52   $
       -
   $
        -
   $52 
As of December 31, 2023  $288   $
-
   $
-
   $288 
Schedule of Changes for Warrant Liabilities Measured at Fair Value The changes for warrant liabilities measured at fair value are as follows:
   Private   Representative 
   Warrants   Warrants 
Fair value as of December 31, 2021  $
-
   $
-
 
Acquired from the Business Combination   62    200 
Change in fair value   39    199 
Fair value as of December 31, 2022  $101   $399 
Change in fair value   (43)   (169)
Fair value as of December 31, 2023  $58   $230 
Change in fair value   (47)   (189)
Fair value as of December 31, 2024  $11   $41 
Schedule of Allowance for Expected Credit Losses

For the years ended December 31, 2024, 2023 and 2022, allowance for expected credit losses made by the Group were shown as follows:

 

   For the years ended December 31, 
   2024   2023   2022 
Allowance for expected credit losses for accounts receivable, current  $1,493   $3,937   $
         -
 
Allowance for expected credit losses for advance to suppliers   649    42,478    
-
 
Allowance for expected credit losses for prepaid expenses and other current assets   3,016    20,187    
-
 
Allowance for expected credit losses for amounts due from related parties   60,495    15,000    
-
 
Allowance for expected credit losses for accounts receivable, non-current   
-
    3,829    
-
 
Total  $65,653   $85,431   $
-
 
Schedule of Currency Exchange Rates of Consolidated Financial Statements

The following table outlines the currency exchange rates that were used in creating the consolidated financial statements:

 

   As of
December 31,		 
Balance sheet items, except for equity accounts  2024   2023 
US$ against RMB   7.2993    7.0999 
US$ against AED   3.6726    3.6738 

 

   For the years ended December 31, 
Items in the statements of operations and comprehensive loss, and statements of cash flows  2024   2023   2022 
US$ against RMB   7.1957    7.0809    6.7290 
US$ against AED   3.6726    3.6843    3.6709 
Schedule of Disaggregation of Groups Long-Lived Assets by Geographic Area The following table sets forth the disaggregation of the Groups long-lived assets by geographic area:
   As of December 31, 
   2024   2023 
The United States  $151   $71,141 
The United Arab Emirates   6,125    8,602 
Mainland China   2,637    3,637 
Total  $8,913   $83,380