Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 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

(b) Summary of Balances with Related Parties:

		As of
		June 30, 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			1,621,200				1,429,981
Raymond Z. Wang⁵			16,000				16,000
Total		$	5,371,788			$	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 $1.62 million declared by Zhejiang Zhongchai to Xinchang County Jiuxin Investment Management Partnership (LP). As of June 30, 2026, the balance was $1.62 million; and

5

Temporary borrowings from Raymond Z. Wang.

		As of
		June 30, 2026				December 31, 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 six months ended June 30, 2026 and 2025 are listed below:

		For the six months ended June 30,
		2026				2025
Dividend payment to related parties:
Xinchang County Jiuxin Investment Management Partnership (LP)		$	1,457,216				188,222