v3.26.1
Related Party Transactions and Balances - Schedule of Transactions with Related Parties (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Schedule of Transactions with Related Parties [Line Items]        
Sales and Services revenue from related parties     $ 57,494,243 $ 25,087,488
Purchase of machinery from related parties     2,638,953
Prepayments of raw materials to related parties     6,473,605
Purchase of raw materials from a related party $ 7,445,510 $ 39,810,755 7,445,510 39,810,755
Borrowings from a related parties     22,725,000
Repayment of borrowings to a related party [1]     11,000,000
Accrual of interest expenses on borrowings from a related parties 163,440 757,389 781,046
Repayment of interest expenses on borrowings from a related party     672,100 [2]
Related Party [Member]        
Schedule of Transactions with Related Parties [Line Items]        
Sales and Services revenue from related parties 21,536,529 14,566,338    
Purchase of machinery from related parties    
Prepayments of raw materials to related parties 6,397,640    
Borrowings from a related parties 12,000,000
Repayment of borrowings to a related party    
Accrual of interest expenses on borrowings from a related parties 241,623 408,313    
Repayment of interest expenses on borrowings from a related party    
VSUN [Member]        
Schedule of Transactions with Related Parties [Line Items]        
Sales and Services revenue from related parties 3,878,586 14,793,688 21,307,444 20,503,210
Accrual of interest expenses on borrowings from a related parties [2] 241,623 244,873 482,067 492,460
VSun USA [Member]        
Schedule of Transactions with Related Parties [Line Items]        
Sales and Services revenue from related parties [3] 14,771,925 (590,188) 29,039,759 1,257,254
Borrowings from a related parties [2] 12,000,000
Repayment of borrowings to a related party [1]    
Accrual of interest expenses on borrowings from a related parties [2] 163,440 275,322 288,586
Repayment of interest expenses on borrowings from a related party [2] 672,100  
VSun Bac Ninh [Member]        
Schedule of Transactions with Related Parties [Line Items]        
Sales and Services revenue from related parties 2,886,018 362,838 7,147,040 2,427,884
Purchase of raw materials from a related party 7,445,510 7,445,510
VSun China [Member]        
Schedule of Transactions with Related Parties [Line Items]        
Sales and Services revenue from related parties [3] 899,140
Purchase of machinery from related parties 2,638,953
Prepayments of raw materials to related parties 6,289,920 6,289,920
Purchase of raw materials from a related party 39,806,985 39,806,985
VSun Wafer [Member]        
Schedule of Transactions with Related Parties [Line Items]        
Prepayments of raw materials to related parties 107,720 183,685
Purchase of raw materials from a related party $ 3,770 $ 3,770
[1] For the six months ended June 30, 2026 and 2025, the Company did not borrow loans from or repaid loans to VSUN. For the six months ended June 30, 2026 and 2025, the Company did not make payments of interest expenses to VSUN. For the three months ended June 30, 2026 and 2025, the Company accrued interest expenses of $241,623 and $244,873 on the borrowings brought forward from the year 2024, respectively. For the six months ended June 30, 2026 and 2025, the Company accrued interest expenses of $482,067 and $492,460 on the borrowings brought forward from the year 2024, respectively.
[2] For the six months ended June 30, 2025, the Company borrowed a loan of $12.0 million from VSun USA as payment for property and equipment in TOYO Texas. The loan was matured through March 2026. The interest rate of borrowings were 4.2% and is payable on maturity of the borrowing. For the six months ended June 30, 2026, the Company repaid borrowings of $11,000,000 and interest expenses of $672,100 to VSUN USA, respectively. For the three months ended June 30, 2026 and 2025, the Company accrued interest expenses of $nil and $163,440, respectively. For the six months ended June 30, 2026 and 2025, the Company accrued interest expenses of $275,322 and $288,586, respectively.
[3] For the three months ended June 30, 2025, the negative revenue from VSUN USA was primarily due to return of sales commissions relating to sales of solar modules. With TOYO Texas manufactured solar modules in its plant in April 2025, the Company sold its own solar modules to customers. Accordingly, the Company did not sell solar modules for VSUN USA and refunded sales commission to VSUN USA. This is a one-off transaction with VSUN USA and has no material impact on the Company’s sales of solar module business.