v3.26.1
Related Party Transactions (Tables)
 3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
Schedule of Names and Relationship of Related Parties Names and Relationship of Related Parties:
  Existing Relationship with the Company
Cenntro Holding Limited Under common control of Peter Zuguang Wang
Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership) Under common control of Peter Zuguang Wang
Peter Zuguang Wang Chairman of the Board of Directors of the Company
Xinchang County Jiuxin Investment Management Partnership (LP) Under control of Mr. Mengxing He, the General Manager and one of the directors of Zhejiang Zhongchai/Non-controlling interest of Zhejiang Zhongchai
Raymond Z. Wang Chief Executive Officer and President
Cenntro Inc. Under common control of Peter Zuguang Wang
Cenntro Enterprise Limited Under common control of Peter Zuguang Wang
Schedule of Related Parties Summary of Balances with Related Parties:
   As of 
   March 31,
2026		   December 31,
2025		 
Due to related parties:        
Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership)1  $
-
   $94,442 
Cenntro Holding Limited2   1,341,627    1,341,627 
Peter Zuguang Wang3   2,392,961    2,392,961 
Xinchang County Jiuxin Investment Management Partnership (LP)4   
-
    1,429,981 
Raymond Z. Wang5   16,000    16,000 
Total  $3,750,588   $5,275,011 
  1 Temporary borrowings from Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership);

 

  2 Total dividend payment of $7.6 million declared by Zhongchai Holding to Cenntro Holding Limited. As of December 31, 2019, the balance was $1.34 million, and no further payments had been made since then;

 

  3 Payable to Peter Zuguang Wang for capital reduction due to the dissolution of Shanghai Hengyu Business Management Consulting Co., Ltd. on July 10, 2023;

  

  4 Total dividend payment of $1.43 million declared by Zhejiang Zhongchai to Xinchang County Jiuxin Investment Management Partnership (LP). As of March 31, 2026, the balance was nil; and

 

  5 Temporary borrowings from Raymond Z. Wang.
   As of 
   March 31,   December 31, 
   2026   2025 
Due from related parties-current:        
Cenntro Inc.   490,000    840,000 
Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership)   
-
    245,017 
Cenntro Enterprise Limited   21,400    21,400 
Total  $511,400   $1,106,417 

A summary of dividend payment declared by Zhejiang Zhongchai to related parties for the three months ended March 31, 2026 and 2025 are listed below:

 

   For the three months
ended March 31,		 
   2026   2025 
Dividend payment to related parties:        
Xinchang County Jiuxin Investment Management Partnership (LP)   1,444,711    188,222