0001213900-24-033426 | 10-K | XBRL Viewer | Greenland Technologies Holding Corp

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Pay vs Performance Disclosure - USD ($)	12 Months Ended
Pay vs Performance Disclosure - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (15,879,116)	$ 745,553

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

Other Long-Term Liabilities

12 Months Ended

Dec. 31, 2023

Other Long-Term Liabilities [Abstract]

OTHER LONG-TERM LIABILITIES

NOTE 15 – OTHER LONG-TERM LIABILITIES

Other long-term liabilities are summarized as follow:

	As of
	December 31, 2023		December 31, 2022
Subsidy		1,529,831		1,812,759
Total	$	1,529,831	$	1,812,759

Subsidy mainly consists of an incentive granted by the Chinese government to encourage transformation of fixed assets in China and other miscellaneous subsidy from the Chinese government. As of December 31, 2023, grant income decreased by $0.28 million, as compared to December 31, 2022. The change was mainly due to timing of incurring qualifying expenses.

Subsequent Events (Details) - Subsequent Event [Member] $ / shares in Units, ¥ in Thousands, $ in Thousands	Mar. 26, 2024 USD ($) $ / shares shares	Mar. 26, 2024 CNY (¥)	Mar. 19, 2024 USD ($)	Mar. 19, 2024 CNY (¥)	Feb. 22, 2024 USD ($)	Feb. 22, 2024 CNY (¥)
Subsequent Events (Details) [Line Items]
Shares issued \| shares	100
Par value per share \| $ / shares	$ 0.01
Equity interest, rate	100.00%
Agricultural Bank of China [Member]
Subsequent Events (Details) [Line Items]
Repaid short-term bank loan					$ 280	¥ 2,000
Borrowed loan			$ 2,820	¥ 20,000
Commercial Bank of China [Member]
Subsequent Events (Details) [Line Items]
Borrowed loan	$ 2,820	¥ 20,000

- Definition

Rate of interest on investment.

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+ Details

Land Use Rights (Tables)

12 Months Ended

Dec. 31, 2023

Land Use Rights [Abstract]

Schedule of Land Use Rights

Land use rights consisted of the following:

	As of
	December 31, 2023			December 31, 2022
Land use rights, cost	$	4,333,386		$	4,460,738
Less: Accumulated amortization		(884,881	)		(821,671	)
Land use rights, net	$	3,448,505		$	3,639,067

Schedule of Estimated Future Amortization Expense

Estimated future amortization expense is as follows as of December 31, 2023:

Years ending December 31,	Amortization expense
2024	$	86,900
2025		86,900
2026		86,900
2027		86,900
2028		86,900
Thereafter		3,014,005
Total	$	3,448,505

Earnings Per Share

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 19 – EARNINGS PER SHARE

The Company reports earnings per share in accordance with the provisions of the FASB’s related accounting standard. This standard requires presentation of basic and diluted earnings per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings per share excludes dilution, but includes vested restricted stocks and is computed by dividing income available to shareholders by the weighted average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue ordinary shares were exercised and converted into ordinary shares.

The following is a reconciliation of the basic and diluted (loss) earnings per share computation:

	Year ended December 31,
	2023			2022
Net income attributable to the Greenland Technologies Holding Corporation and subsidiaries	$	(15,879,116	)	$	745,553
Weighted average basic and diluted computation shares outstanding:
Weighted average shares used in basic computation		13,229,978			11,886,876
Diluted effect of stock options and warrants		—			—
Weighted average shares used in diluted computation		13,229,978			11,886,876
Basic and diluted net income per share	$	(1.20	)	$	0.06

For the years ended December 31, 2023 and 2022, 4,530,000 shares underlying outstanding purchase option to an investment placement agent were excluded from the calculation of diluted loss per share as the options were anti-dilutive. The exercise price of the warrants is higher than the average price of common shares during the periods, so the warrants is “out-of-the-money” and result in an antidilutive effect on EPS.

Subsequent Events (Details) - Schedule of Carrying Amount of Assets and Liabilites - Zhongchai Holding, Zhejiang Zhongchai, Hengyu Capital, Hangzhou Greenland [Member] - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 20,151,805	$ 8,292,858
Restricted cash	5,208,063	3,433,361
Short Term Investment	2,818,068	7,800,723
Notes receivable, net	27,135,249	28,748,879
Accounts receivable, net	16,483,533	14,337,760
Inventories, net	22,966,595	22,012,360
Advance to suppliers	111,973	50,089
Prepayments and other current assets	53,204	1,522,383
Total Current Assets	95,154,417	116,412,658
Non-current asset
Property, plant, equipment and construction in progress, net	13,565,219	15,569,405
Land use rights, net	3,448,505	3,639,067
Other intangible assets	189,620	147,465
Deferred tax assets	256,556	219,207
Fixed deposit	9,916,308
Other non-current assets	847,878	54,047
Total non-current assets	28,224,086	26,084,853
TOTAL ASSETS	123,378,503	142,497,511
Current Liabilities
Short-term bank loans	3,042,296	8,986,255
Notes payable-bank acceptance notes	36,712,562	28,272,472
Accounts payable	25,272,528	24,693,219
Taxes payables	758,307	192,478
Customer deposits	136,985	226,432
Other current liabilities	1,837,499	1,266,172
Total current liabilities	75,913,895	69,510,693
Long-term liabilities
Other long-term liabilities	1,529,831	1,812,759
Total long-term liabilities	1,529,831	1,812,759
TOTAL LIABILITIES	77,443,726	71,323,452
Related Party [Member]
Current assets
Due from related parties-current	225,927	30,214,245
Non-current asset
Due from related parties-non current, net		6,455,662
Current Liabilities
Due to related parties	$ 8,153,718	$ 5,873,665

Concentration on Revenues and Cost of Goods Sold (Details) - Schedule of Concentration of Major Customers and Suppliers - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Concentration Risk [Line Items]
Total Revenues	$ 24,151,675	$ 28,417,108
Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Customer One [Member]
Concentration Risk [Line Items]
Customer percentage	26.73%	31.28%
Company A [Member]
Concentration Risk [Line Items]
Total Revenues	$ 13,533,592	$ 15,570,726
Company A [Member] \| Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Customer One [Member]
Concentration Risk [Line Items]
Customer percentage	14.98%	17.14%
Company B [Member]
Concentration Risk [Line Items]
Total Revenues	$ 10,618,083	$ 12,846,382
Company B [Member] \| Revenue Benchmark [Member] \| Customer Concentration Risk [Member] \| Customer One [Member]
Concentration Risk [Line Items]
Customer percentage	11.75%	14.14%

Consolidated Statements of Income and Comprehensive Income (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Diluted	$ (1.20)	$ 0.06

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-7

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
-Subparagraph (SX 210.9-04(27))
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
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Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
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-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-52

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-7

+ Details

Consolidated Statements of Shareholders’ Equity - USD ($)	Ordinary Shares No Par Value	Additional Paid-in Capital	Accumulated Other Comprehensive Income/(loss)	Statutory Reserve	Retained Earnings	Non-controlling Interest	Total
Balance at Dec. 31, 2021		$ 23,759,364	$ 1,014,399	$ 3,842,331	$ 33,668,696	$ 12,559,876	$ 74,844,666
Balance (in Shares) at Dec. 31, 2021	11,329,530
Sale of stock and warrants		6,527,196					6,527,196
Sale of stock and warrants (in Shares)	1,648,974
Net income					745,553	3,057,130	3,802,683
Foreign currency translation adjustment			(3,845,818)			(1,894,343)	(5,740,161)
Balance at Dec. 31, 2022		30,286,560	(2,831,419)	3,842,331	34,414,249	13,722,663	$ 79,434,384
Balance (in Shares) at Dec. 31, 2022	12,978,504						12,978,504
Cashless exercise of warrants
Cashless exercise of warrants (in Shares)	616,026
Cancellation of subsidiary						(3,902,544)	(3,902,544)
Dividend						(703,595)	(703,595)
Net income					(15,879,116)	(9,138,374)	(25,017,490)
Foreign currency translation adjustment			247,625			595,021	842,646
Balance at Dec. 31, 2023		$ 30,286,560	$ (2,583,794)	$ 3,842,331	$ 18,535,133	$ 573,171	$ 50,653,401
Balance (in Shares) at Dec. 31, 2023	13,594,530						13,594,530

Concentration on Revenues and Cost of Goods Sold (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Major Customers [Member]
Concentration on Revenues and Cost of Goods Sold (Details) [Line Items]
Concentration risk percentage	48.71%	65.91%

Commitments and Contingencies (Details) ¥ in Thousands, $ in Thousands	Jun. 27, 2022 USD ($)	Jun. 27, 2022 CNY (¥)	Dec. 23, 2020 USD ($)	Dec. 23, 2020 CNY (¥)	Sep. 21, 2020 USD ($)	Sep. 21, 2020 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)
Commitments and Contingencies [Line Items]
Maximum principal amount			$ 9,620	¥ 69,770
Short-term bank loan \| ¥								¥ 10,000
ABC Xinchang [Member]
Commitments and Contingencies [Line Items]
Short-term bank loan							$ 2,610	18,000
Rural Commercial Bank of PRC Co., Ltd. [Member]
Commitments and Contingencies [Line Items]
Maximum principal amount					$ 5,230	¥ 37,950
Short-term bank loan							2,460	¥ 17,000
Zhejiang Zhongchai [Member]
Commitments and Contingencies [Line Items]
Maximum principal amount	$ 8,280	¥ 60,010
Pledge Contract with Bank of Communications Co. LTD [Member]
Commitments and Contingencies [Line Items]
Short-term bank loan \| $							$ 1,450

Short Term Bank Loans (Tables)

12 Months Ended

Dec. 31, 2023

Short Term Bank Loans [Abstract]

Schedule of Short-Term Loans are Summarized

Short-term loans are summarized as follow:

	As of
	December 31, 2023		December 31, 2022
Collateralized bank loans	$	2,760,602	$	7,536,392
Unsecured bank loans		281,694		1,449,863
Total	$	3,042,296	$	8,986,255

Schedule of Short-Term Loans

Short-term loans as of December 31, 2023 are as follow:

Maturity Date	Type	Bank Name	Interest Rate per Annum (%)		December 31, 2023
July 22, 2024	Operating Loans	Bank of Zheshang		3.60	$	1,352,132
July 25, 2024	Operating Loans	Bank of Hangzhou		3.55		1,408,470
February 22, 2024	Operating Loans	Industrial and Commercial Bank of Xinchang		3.45	$	281,694
Total					$	3,042,296

Short-term loans as of December 31, 2022 are as follow:

Maturity Date	Type	Bank Name	Interest Rate per Annum (%)		December 31, 2022
August 29, 2023	Operating Loans	Agricultural Bank of PRC		3.85	$	2,609,755
June 29, 2023	Operating Loans	Bank of Communications		3.85	$	1,449,864
January 30, 2023	Operating Loans	Bank of Ningbo		1.12	$	1,012,005
August 23, 2023	Operating Loans	Rural Commercial Bank of Xinchang		3.85	$	2,464,768
February 23, 2023	Operating Loans	Industrial and Commercial Bank of Xinchang		4.05	$	1,449,863
Total					$	8,986,255

Short Term Bank Loans (Details) - Schedule of Short-Term Loans are Summarized - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Short-Term Debt [Line Items]
Short-term loans	$ 3,042,296	$ 8,986,255
Collateralized Bank Loans [Member]
Short-Term Debt [Line Items]
Short-term loans	2,760,602	7,536,392
Unsecured Bank Loans [Member]
Short-Term Debt [Line Items]
Short-term loans	$ 281,694	$ 1,449,863

Notes Payable (Details) - Schedule of Notes Payable - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Notes Payable [Abstract]
Bank acceptance notes	$ 36,712,562	$ 28,272,472
Total	$ 36,712,562	$ 28,272,472

Consolidated Statements of Income and Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Revenues	$ 90,333,240	$ 90,830,674
Cost of goods sold	65,757,237	70,995,940
Gross profit	24,576,003	19,834,734
Selling expenses	2,319,835	2,630,226
General and administrative expenses	6,052,541	5,459,020
Research and development expenses	5,424,400	5,786,946
Total operating expenses	13,796,776	13,876,192
INCOME FROM OPERATIONS	10,779,227	5,958,542
Interest income	143,094	56,817
Interest expense	(250,410)	(402,968)
Loss on disposal of property and equipment	(31,072)	(1,511)
Impairment for investments	(300,000)
Change in fair value of the warrant liability	1,398,774	(2,814,012)
Allowance for expected credit loss-related parties receivable	(34,462,992)
Remeasurement loss from change in functional currency	(2,490,646)
Government subsidies income	692,443	1,029,370
Other income/(loss)	1,212,354	676,136
INCOME (LOSS) BEFORE INCOME TAX	(23,309,228)	4,502,374
INCOME TAX	1,708,262	699,691
NET INCOME (LOSS)	(25,017,490)	3,802,683
LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTEREST	(9,138,374)	3,057,130
NET INCOME (LOSS) ATTRIBUTABLE TO GREENLAND TECHNOLOGIES HOLDING CORPORATION AND SUBSIDIARIES	(15,879,116)	745,553
OTHER COMPREHENSIVE INCOME (LOSS):	842,646	(5,740,161)
Unrealized foreign currency translation income (loss) attribute to Greenland technologies holding corporation and subsidiaries	247,625	(3,845,818)
Unrealized foreign currency translation income (loss) attribute to non-controlling interest	595,021	(1,894,343)
Total comprehensive loss attributable to Greenland technologies holding corporation and subsidiaries	(15,631,491)	(3,100,265)
Total comprehensive income (loss) attributable to noncontrolling interest	$ (8,543,353)	$ 1,162,787
WEIGHTED AVERAGE ORDINARY SHARES OUTSTANDING: (in Shares)	13,229,978	11,886,876
Basic (in Dollars per share)	$ (1.2)	$ 0.06

Warrant Liability

12 Months Ended

Dec. 31, 2023

Derivative Liability [Abstract]

WARRANT LIABILITY

NOTE 17 – WARRANT LIABILITY

The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in FASBASC 480, Distinguishing Liabilities from Equity (“ASC 480”) and ASC 815. The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own ordinary shares and whether the warrant holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding.

For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the time of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the statements of operations.

In connection with the registered direct offering closed on July 27, 2022, the Company issued to an investor a warrant to purchase up to 4,530,000 ordinary shares at an exercise price of $4.49 per share. The warrant became exercisable on January 27, 2023 and will expire on January 26, 2028.

The warrants meet the definition of a derivative under FASB ASC 815, as the Company cannot avoid a net cash settlement under certain circumstances. The fair value of the warrant liabilities was measured using a Black–Scholes model. Significant inputs into the model as of the reporting period begin remeasurement dates, and as of the reporting period end remeasurement dates are as follows:

	Ordinary Share Warrants			Ordinary Share Warrants
	December 31, 2023			December 31, 2022

Share price	$	2.79		$	2.18
Exercise price	$	4.49		$	4.49
Annual dividend yield		-	%		-	%
Expected term (years)		2.04			2.57
Risk-free interest rate		4.2	%		4.3	%
Expected volatility		80.00	%		120.00	%

Significant inputs into the model at the inception date when warrants were issued upon receipt of amounts drawn during the period, and as of the reporting period end remeasurement dates are as follows:

	Ordinary Share Warrants			Ordinary Share Warrants
	December 31, 2023			July 27, 2022

Share price	$	2.79		$	4.31
Exercise price	$	4.49		$	4.49
Annual dividend yield		-	%		-	%
Expected term (years)		2.04			3.00
Risk-free interest rate		4.2	%		2.9	%
Expected volatility		80.00	%		140.0	%

The warrants outstanding and fair values at each of the respective valuation dates are summarized below:

	As of
	December 31, 2023		December 31, 2022
Number of ordinary share warrants		4,530,000		4,530,000
Fair value of the warrants	$	4,084,605	$	5,483,379

The fair value of the warrants was classified as a liability of $5,483,379 as of December 31, 2022. For the year ended December 31, 2023, the Company recognized a gain of $1,398,774 for the investor warrant from the change in fair value of the warrant liability. As a result, the warrant liability is carried on the consolidated balance sheets at the fair value of $4,084,605 for the investor warrant, collectively, as of December 31, 2023.

Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Supplemental Balance Sheet

Supplemental balance sheet information related to leases as of December 31, 2023 and 2022 is as follows:

	As of
	December 31, 2023		December 31, 2022
Assets:
Operating lease right-of-use assets	$	2,125,542	$	2,627,110
Liabilities:
Current portion of operating lease liabilities	$	487,695	$	472,182
Long-term operating lease liabilities		1,684,614		2,176,130
Total operating lease liabilities	$	2,172,309	$	2,648,312
Lease term and discount rate
Weighted average remaining lease term (in years)		2.09		3.09
Weighted average discount rate		4.5	$	4.3

Schedule of Components of Lease Expense

The following summarizes the components of operating lease expense and provides supplemental cash flow information for operating leases:

	For the years ended December 31,
	2023		2022
Components of lease expense:
Operating lease expense	$	668,609	$	354,377
Total lease expense	$	668,609	$	354,377
Supplemental cash flow information related to leases.
Cash paid for amounts included in measurement of operating lease liabilities	$	593,778	$	337,235
Right-of-use assets obtained in exchange for new operating lease liabilities		-		2,835,406

Schedule of Maturity of Lease Liabilities under Operating Leases

The following table summarizes the maturity of lease liabilities under operating leases as of December 31, 2023:

For the years ending December 31,	Operating Leases
2024	$	585,127
2025		589,272
2026		606,354
2027		624,034
Total lease payments	$	2,404,787
Less: imputed interest		(232,478	)
Present value of lease liabilities		2,172,309

Leases (Details)	Dec. 31, 2023
Minimum [Member]
Leases [Line Items]
Operating leases, initial terms	3 years
Maximum [Member]
Leases [Line Items]
Operating leases, initial terms	5 years 6 months 29 days

Concentration on Revenues and Cost of Goods Sold (Details) - Schedule of Major Customers of Accounts Receivable - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Concentration on Revenues and Cost of Goods Sold (Details) - Schedule of Major Customers of Accounts Receivable [Line Items]
Accounts receivable, net	$ 8,451,944	$ 9,449,523
Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Major Customers [Member]
Concentration on Revenues and Cost of Goods Sold (Details) - Schedule of Major Customers of Accounts Receivable [Line Items]
Percentage of revenues	48.71%	65.91%
Company A [Member]
Concentration on Revenues and Cost of Goods Sold (Details) - Schedule of Major Customers of Accounts Receivable [Line Items]
Accounts receivable, net	$ 2,143,828	$ 1,082,818
Company A [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Major Customers [Member]
Concentration on Revenues and Cost of Goods Sold (Details) - Schedule of Major Customers of Accounts Receivable [Line Items]
Percentage of revenues	12.36%	7.55%
Company B [Member]
Concentration on Revenues and Cost of Goods Sold (Details) - Schedule of Major Customers of Accounts Receivable [Line Items]
Accounts receivable, net	$ 1,582,994	$ 1,375,051
Company B [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Major Customers [Member]
Concentration on Revenues and Cost of Goods Sold (Details) - Schedule of Major Customers of Accounts Receivable [Line Items]
Percentage of revenues	9.12%	9.59%
Company C [Member]
Concentration on Revenues and Cost of Goods Sold (Details) - Schedule of Major Customers of Accounts Receivable [Line Items]
Accounts receivable, net	$ 1,415,116	$ 1,154,670
Company C [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Major Customers [Member]
Concentration on Revenues and Cost of Goods Sold (Details) - Schedule of Major Customers of Accounts Receivable [Line Items]
Percentage of revenues	8.16%	8.05%
Company D [Member]
Concentration on Revenues and Cost of Goods Sold (Details) - Schedule of Major Customers of Accounts Receivable [Line Items]
Accounts receivable, net	$ 1,370,447	$ 2,140,591
Company D [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Major Customers [Member]
Concentration on Revenues and Cost of Goods Sold (Details) - Schedule of Major Customers of Accounts Receivable [Line Items]
Percentage of revenues	7.90%	14.93%
Company E [Member]
Concentration on Revenues and Cost of Goods Sold (Details) - Schedule of Major Customers of Accounts Receivable [Line Items]
Accounts receivable, net	$ 1,192,684	$ 2,266,095
Company E [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Major Customers [Member]
Concentration on Revenues and Cost of Goods Sold (Details) - Schedule of Major Customers of Accounts Receivable [Line Items]
Percentage of revenues	6.87%	15.81%
Company F [Member]
Concentration on Revenues and Cost of Goods Sold (Details) - Schedule of Major Customers of Accounts Receivable [Line Items]
Accounts receivable, net	$ 746,874	$ 1,430,298
Company F [Member] \| Accounts Receivable [Member] \| Customer Concentration Risk [Member] \| Major Customers [Member]
Concentration on Revenues and Cost of Goods Sold (Details) - Schedule of Major Customers of Accounts Receivable [Line Items]
Percentage of revenues	4.30%	9.98%

Fixed Deposit (Details)	12 Months Ended
Fixed Deposit (Details)	Dec. 31, 2023
Other Non-current Assets [Abstract]
Deposit term	3 years

Land Use Rights

12 Months Ended

Dec. 31, 2023

Land Use Rights [Abstract]

LAND USE RIGHTS

NOTE 9 – LAND USE RIGHTS

Land use rights consisted of the following:

	As of
	December 31, 2023			December 31, 2022
Land use rights, cost	$	4,333,386		$	4,460,738
Less: Accumulated amortization		(884,881	)		(821,671	)
Land use rights, net	$	3,448,505		$	3,639,067

As of December 31, 2023, the Company had land use rights with net book value of $3.45 million, and land use rights with net book value of $1.14 million were pledged as collateral for the Company’s short-term bank loans. As of December 31, 2022, the Company had land use rights with net book value of $3.64 million, which were pledged as collateral for the Company’s short-term bank loans.

Estimated future amortization expense is as follows as of December 31, 2023:

Years ending December 31,	Amortization expense
2024	$	86,900
2025		86,900
2026		86,900
2027		86,900
2028		86,900
Thereafter		3,014,005
Total	$	3,448,505

Notes Payable (Tables)

12 Months Ended

Dec. 31, 2023

Notes Payable [Abstract]

Schedule of Notes Payable

	As of
	December 31, 2023		December 31, 2022
Bank acceptance notes	$	36,712,562	$	28,272,472
Total	$	36,712,562	$	28,272,472

Financial Statement Reclassification

12 Months Ended

Dec. 31, 2023

Financial Statement Reclassification [Abstract]

FINANCIAL STATEMENT RECLASSIFICATION

NOTE 24 –FINANCIAL STATEMENT RECLASSIFICATION

Certain balances in the prior period consolidated financial statements have been reclassified for comparison purposes to conform to the presentation in the current period consolidated financial statements. These reclassifications had no effect on the reported results of operations or financial position.

Subsequent Events

12 Months Ended

Dec. 31, 2023

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 25 – SUBSEQUENT EVENTS

Management has evaluated subsequent events through the date that the financial statements were available to be issued, which is April 16, 2024. All subsequent events requiring recognition as of December 31, 2023 have been incorporated into these financial statements and there are no other subsequent events that require disclosure in accordance with FASB ASC Topic 855 except the following:.

On February 22, 2024, the Company repaid short-term bank loan of US$0.28 million (RMB2.00 million) to Agricultural Bank of China.

On March 19, 2024 and March 26, 2024, the Company borrowed approximately US$2.82 million (RMB20.00 million) and US$2.82 million (RMB20.00 million) from Agricultural Bank of China and Industrial and Commercial Bank of China, respectively. Both of these two loans had a term of one year.

On February 14, 2024, the Company issued a press release announcing its intent, as approved by its board of directors, to explore a separation of its electric industrial vehicles and drivetrain systems segments into two independent, publicly-traded companies by spinning off its drivetrain systems business. After the proposed spin-off, Greenland would be solely comprised of the Company’s current industrial electric vehicle business under its HEVI brand.

On March 26, 2024, the Company entered into a share exchange agreement with Greenland Holding Enterprises Inc. and Zhongchai Holding (the “2024 Share Exchange Agreement”). Pursuant to the 2024 Share Exchange Agreement, Greenland Holding Enterprises Inc. issued 100 shares of common stock to the Company, par value $0.01 per share, in exchange for 100% of the equity interest of Zhongchai Holding. The proposed spin-off expected to be completed in one year.

Carrying amounts of major classes of assets included as part of Zhongchai Holding, Zhejiang Zhongchai, Hengyu Capital, Hangzhou Greenland:

	December 31,		December 31,
	2023		2022
ASSETS
Current assets
Cash and cash equivalents	$	20,151,805	$	8,292,858
Restricted cash		5,208,063		3,433,361
Short Term Investment		2,818,068		7,800,723
Notes receivable, net		27,135,249		28,748,879
Accounts receivable, net		16,483,533		14,337,760
Inventories, net		22,966,595		22,012,360
Due from related parties-current		225,927		30,214,245
Advance to suppliers		111,973		50,089
Prepayments and other current assets		53,204		1,522,383
Total Current Assets	$	95,154,417	$	116,412,658

Non-current asset
Property, plant, equipment and construction in progress, net		13,565,219		15,569,405
Land use rights, net		3,448,505		3,639,067
Other intangible assets		189,620		147,465
Due from related parties-non current, net		-		6,455,662
Deferred tax assets		256,556		219,207
Fixed deposit		9,916,308		-
Other non-current assets		847,878		54,047
Total non-current assets	$	28,224,086	$	26,084,853
TOTAL ASSETS	$	123,378,503	$	142,497,511

Carrying amounts of major classes of liabilities included as part of Zhongchai Holding, Zhejiang Zhongchai, Hengyu Capital, Hangzhou Greenland:

	December 31,		December 31,
	2023		2022

Current Liabilities
Short-term bank loans	$	3,042,296	$	8,986,255
Notes payable-bank acceptance notes		36,712,562		28,272,472
Accounts payable		25,272,528		24,693,219
Taxes payables		758,307		192,478
Customer deposits		136,985		226,432
Due to related parties		8,153,718		5,873,665
Other current liabilities		1,837,499		1,266,172
Total current liabilities	$	75,913,895	$	69,510,693

Long-term liabilities
Other long-term liabilities		1,529,831		1,812,759
Total long-term liabilities	$	1,529,831	$	1,812,759
TOTAL LIABILITIES	$	77,443,726	$	71,323,452

Short Term Investment (Details)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 CNY (¥)	Mar. 27, 2023 USD ($)	Dec. 31, 2022 USD ($)
Short Term Investment [Abstract]
Short term investment	$ 2,818,068			$ 7,800,723
Contribution amount	500,000		$ 444,155
Bank management products purchased	2,824,500	¥ 20,000,000
Fair value of bank management products	$ 2,818,068	¥ 20,008,000

- Definition

Cost of the investment.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 55
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480493/946-210-55-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
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+ Details

Summary of Significant Accounting Policies (Details) - Schedule of Sets Forth Disaggregation of Revenue - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Disaggregation of revenue	$ 90,333,240	$ 90,830,674
Transmission boxes for Forklift [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of revenue	85,925,302	80,220,000
Transmission boxes for Non-Forklift (EV, etc.) [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of revenue	$ 4,407,938	$ 10,610,674

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

+ Details

Subsequent Events (Tables)

12 Months Ended

Dec. 31, 2023

Subsequent Events [Abstract]

Schedule of Carrying Amount of Assets and Liabilites

Carrying amounts of major classes of assets included as part of Zhongchai Holding, Zhejiang Zhongchai, Hengyu Capital, Hangzhou Greenland:

	December 31,		December 31,
	2023		2022
ASSETS
Current assets
Cash and cash equivalents	$	20,151,805	$	8,292,858
Restricted cash		5,208,063		3,433,361
Short Term Investment		2,818,068		7,800,723
Notes receivable, net		27,135,249		28,748,879
Accounts receivable, net		16,483,533		14,337,760
Inventories, net		22,966,595		22,012,360
Due from related parties-current		225,927		30,214,245
Advance to suppliers		111,973		50,089
Prepayments and other current assets		53,204		1,522,383
Total Current Assets	$	95,154,417	$	116,412,658

Non-current asset
Property, plant, equipment and construction in progress, net		13,565,219		15,569,405
Land use rights, net		3,448,505		3,639,067
Other intangible assets		189,620		147,465
Due from related parties-non current, net		-		6,455,662
Deferred tax assets		256,556		219,207
Fixed deposit		9,916,308		-
Other non-current assets		847,878		54,047
Total non-current assets	$	28,224,086	$	26,084,853
TOTAL ASSETS	$	123,378,503	$	142,497,511

Carrying amounts of major classes of liabilities included as part of Zhongchai Holding, Zhejiang Zhongchai, Hengyu Capital, Hangzhou Greenland:

	December 31,		December 31,
	2023		2022

Current Liabilities
Short-term bank loans	$	3,042,296	$	8,986,255
Notes payable-bank acceptance notes		36,712,562		28,272,472
Accounts payable		25,272,528		24,693,219
Taxes payables		758,307		192,478
Customer deposits		136,985		226,432
Due to related parties		8,153,718		5,873,665
Other current liabilities		1,837,499		1,266,172
Total current liabilities	$	75,913,895	$	69,510,693

Long-term liabilities
Other long-term liabilities		1,529,831		1,812,759
Total long-term liabilities	$	1,529,831	$	1,812,759
TOTAL LIABILITIES	$	77,443,726	$	71,323,452

Geographical Sales and Segments (Details) - Schedule of Sales by Geographical Area - Continuing and discontinued operations [Member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Geographical Sales and Segments (Details) - Schedule of Sales by Geographical Area [Line Items]
Revenue	$ 90,333,240	$ 90,830,674
Domestic Sales [Member]
Geographical Sales and Segments (Details) - Schedule of Sales by Geographical Area [Line Items]
Revenue	89,649,354	90,171,256
International Sales [Member]
Geographical Sales and Segments (Details) - Schedule of Sales by Geographical Area [Line Items]
Revenue	$ 683,886	$ 659,418

- Definition

+ References

+ Details

Other Current Liabilities (Details) - Schedule of Other Current Liabilities - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Other Current Liabilities [Abstract]
Employee payables	$ 807,615	$ 747,923
Other tax payables	507,464	141,772
Other payable	115,443	88,403
Accrued expenses	660,985	569,292
Total	$ 2,091,507	$ 1,547,390

Accounts Payable (Tables)

12 Months Ended

Dec. 31, 2023

Accounts Payable [Abstract]

Schedule of Accounts Payable

Accounts payable are summarized as follow:

	As of
	December 31, 2023		December 31, 2022
Procurement of Materials	$	25,011,515	$	24,541,774
Infrastructure& Equipment		43,530		207,587
Freight fee		217,483		67,804
Total	$	25,272,528	$	24,817,165

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Share Computation

The following is a reconciliation of the basic and diluted (loss) earnings per share computation:

	Year ended December 31,
	2023			2022
Net income attributable to the Greenland Technologies Holding Corporation and subsidiaries	$	(15,879,116	)	$	745,553
Weighted average basic and diluted computation shares outstanding:
Weighted average shares used in basic computation		13,229,978			11,886,876
Diluted effect of stock options and warrants		—			—
Weighted average shares used in diluted computation		13,229,978			11,886,876
Basic and diluted net income per share	$	(1.20	)	$	0.06

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

(a) As of December 31, 2023 and 2022, property, plant and equipment consisted of the following:

	As of
	December 31, 2023			December 31, 2022
Buildings	$	11,444,906		$	11,781,256
Machinery		20,974,546			21,010,613
Motor vehicles		336,541			315,708
Electronic equipment		246,207			223,806
Fixed assets decoration*		-			-
Total property plant and equipment, at cost		33,002,200			33,331,383

Less: accumulated depreciation		(19,325,844	)		(17,763,247	)
Property, plant and equipment, net	$	13,676,356		$	15,568,136
Construction in process		22,641			17,078
Total	$	13,698,997		$	15,585,214

Schedule of Restricted assets

Restricted assets consist of the following:

	As of
	December 31, 2023		December 31, 2022
Buildings, net	$	2,024,994	$	9,599,313
Machinery, net		-		-
Total		2,024,994		9,599,313

Commitments and Contingencies (Details) - Schedule of Non-Cancellable Future Minimum Lease Payments	12 Months Ended
	Dec. 31, 2023 USD ($)
Schedule of Non Cancellable Future Minimum Lease Payments [Abstract]
2024	$ 585,127
2025	589,272
2026	606,354
2027	624,034
Total lease payments	$ 2,404,787

Leases (Details) - Schedule of Components of Lease Expense - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Components of lease expense:
Operating leases	$ 668,609	$ 354,377
Total lease expense	668,609	354,377
Supplemental cash flow information related to leases.
Operating cash flows paid for operating leases	$ 593,778	337,235
Right-of-use assets obtained in exchange for new operating lease liabilities		$ 2,835,406

Leases (Details) - Schedule of Maturity of Lease Liabilities Under Operating Leases - Operating Lease [Member]	Dec. 31, 2023 USD ($)
Schedule of Lease Liabilities under Operating Leases [Abstract]
2024	$ 585,127
2025	589,272
2026	606,354
2027	624,034
Total lease payments	2,404,787
Less: imputed interest	(232,478)
Present value of lease liabilities	$ 2,172,309

Geographical Sales and Segments

12 Months Ended

Dec. 31, 2023

Geographical Sales and Segments [Abstract]

GEOGRAPHICAL SALES AND SEGMENTS

NOTE 20 – GEOGRAPHICAL SALES AND SEGMENTS

All of the Company’s operations are considered by the chief operating decision maker to be aggregated in one reportable operating segment.

Information for the Company’s sales by geographical area for the years ended December 31, 2023 and 2022 are as follows:

	For the years ended December 31,
	2023		2022
Domestic Sales	$	89,649,354	$	90,171,256
International Sales		683,886		659,418
Total	$	90,333,240	$	90,830,674

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Shareholder’s Equity (Details) - USD ($)				1 Months Ended	12 Months Ended
Shareholder’s Equity (Details) - USD ($)	May 08, 2023	Jul. 27, 2022	Jul. 25, 2022	Aug. 26, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jul. 27, 2018
Shareholder’s Equity [Line Items]
Ordinary shares, no par value (in Dollars per share)
Ordinary shares issued					13,594,530	12,978,504
Ordinary shares outstanding					13,594,530	12,978,504
Warrants expire year					5 years
Private warrants, description					Private warrants include (i) the 282,000 warrants underlying the units issued to the Sponsor and Chardan in a private placement in connection with our initial public offering (“Private Unit Warrants”), and (ii) 120,000 warrants held by Chardan upon the exercise of its unit purchase option to purchase 120,000 units in March 2021 (“Option Warrants,” together with Private Unit Warrants, the “Private Warrants”).
Warrant issued		4,530,000
Private placement warrant	616,026
Warrant price (in Dollars per share)				$ 4.17
Warrants outstanding					4,530,000	4,530,000
Cash payment (in Dollars)					$ 100
Private Placement [Member]
Shareholder’s Equity [Line Items]
Description of warrant redemption					The Company may call the warrants for redemption (excluding the Private Warrants (as defined below)), in whole and not in part, at a price of $0.01 per warrant: ● At any time while the Public Warrants are exercisable, ● Upon not less than 30 days’ prior written notice of redemption to each Public Warrant holder, ● If, and only if, the reported last sale price of the ordinary shares equals or exceeds $16.50 per share, for any 20 trading days within a 30 trading day period ending on the third trading day prior to the notice of redemption to Public Warrant holders, and ● If, and only if, there is a current registration statement in effect with respect to the ordinary shares underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption.
Private placement warrant				616,026
Sponsor [Member]
Shareholder’s Equity [Line Items]
Warrants outstanding					260,000
Preferred Stock [Member]
Shareholder’s Equity [Line Items]
Preferred shares no par value (in Dollars per share)
Preferred shares issued
Preferred shares outstanding
Ordinary Shares [Member]
Shareholder’s Equity [Line Items]
Ordinary shares, no par value (in Dollars per share)
Voting rights					one
Ordinary shares issued					13,594,530	12,978,504
Ordinary shares outstanding					13,594,530	12,978,504	11,329,530
Private placement warrant					616,026
Warrant [Member]
Shareholder’s Equity [Line Items]
Warrant issued			4,530,000
Ordinary shares, exercise price (in Dollars per share)			$ 4.49
Piggy Back [Member]
Shareholder’s Equity [Line Items]
Grant term					7 years
Piggy Back [Member] \| IPO [Member]
Shareholder’s Equity [Line Items]
Grant term					5 years
CEDE & CO [Member]
Shareholder’s Equity [Line Items]
Warrants outstanding					4,705,312
CEDE & CO [Member] \| Private Warrants [Member]
Shareholder’s Equity [Line Items]
Warrants outstanding					4,303,312
Chardan Capital Markets, LLC [Member]
Shareholder’s Equity [Line Items]
Sale of unit purchase option price (in Dollars)								$ 100
Option to purchase shares exercisable								240,000
Common stock price share (in Dollars per share)								$ 11.5
Aggregate exercise price (in Dollars)								$ 2,760,000
Chardan Capital Markets, LLC [Member] \| Private Warrants [Member]
Shareholder’s Equity [Line Items]
Warrants outstanding					142,000

Concentration on Revenues and Cost of Goods Sold (Tables)

12 Months Ended

Dec. 31, 2023

Concentration on Revenues and Cost of Goods Sold [Abstract]

Schedule of Concentration of Major Customers and Suppliers

Concentration of major customers and suppliers:

	For the years ended December 31,
	2023				2022
Major customers representing more than 10% of the Company’s revenues
Company A	$	13,533,592	14.98	%	$	15,570,726	17.14	%
Company B		10,618,083	11.75	%		12,846,382	14.14	%
Total Revenue	$	24,151,675	26.73	%	$	28,417,108	31.28	%

Schedule of Major Customers of Accounts Receivable

	As of
	December 31, 2023				December 31, 2022
Major customers of the Company’s accounts receivable, net
Company A		2,143,828	12.36	%		1,082,818	7.55	%
Company B		1,582,994	9.12	%		1,375,051	9.59	%
Company C		1,415,116	8.16	%		1,154,670	8.05	%
Company D		1,370,447	7.90	%		2,140,591	14.93	%
Company E		1,192,684	6.87	%		2,266,095	15.81	%
Company F		746,874	4.30	%		1,430,298	9.98	%
Total	$	8,451,944	48.71	%	$	9,449,523	65.91	%

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Taxes [Abstract]

Schedule of Income Tax Expense

For the years ended December 31, 2023 and 2022, the components of income tax expense consist of the following:

	For the years ended December 31,
	2023			2022
Current income tax	$	1,757,948		$	789,950
Deferred income tax		(49,686	)		(90,259	)
Total Income tax	$	1,708,262		$	699,691

Schedule of Reconciliation of the Statutory Tax Rate to the Effective Tax Rate

Below is a reconciliation of the statutory tax rate to the effective tax rate:

	For the years ended December 31,
	2023			2022
PRC statutory income tax rates*		25.00	%		25.00	%
Permanent difference		(0.06	)%		0.39	%
Super deduction on eligible R&D expenditure		3.98	%		(18.12	)%
“High-tech enterprise” tax deduction		7.50	%		(25.36	)%
Effect of different tax jurisdiction		(13.29	)%		23.93	%
Effect of adjusting income tax for prior periods		-	%		(4.77	)%
Effect of internal withholding of income tax and internal offsetting		(1.85	)%		(0.20	)%
Change in valuation allowance		(28.61	)%		14.67	%
Actual income tax rate		(7.33	)%		15.54	%

As the Company’s business operation mainly concentrated in PRC, the Company determined to apply PRC statutory tax rate in reconciliation of the statutory tax rate to the effective tax rate.

Schedule of Deferred Tax Assets

Deferred tax assets consist of the following:

	As of
	December 31, 2023			December 31, 2022
Allowance	$	5,870,437		$	163,710
Accrued expense		72,512			55,497
Net operating losses carried forward in the PRC		234,833			207,256
Net operating losses carried forward in the U.S.		1,488,696			689,694
Net operating losses carried forward in the HK		153,317			-
Totals		7,819,795			1,116,157
Less: Valuation allowance		(7,563,239	)		(896,950	)
Deferred tax assets, net	$	256,556		$	219,207

Short Term Investment

12 Months Ended

Dec. 31, 2023

Short Term Investment [Abstract]

SHORT TERM INVESTMENT

NOTE 3 – SHORT TERM INVESTMENT

As of December 31, 2023 and 2022, the Company’s short term investment amounted to $2,818,068 and $7,800,723, respectively. On July 1, 2021, the Company entered into a financial management agreement with Zhejiang Jilin Electronic Technology Co., LTD, pursuant to which Zhejiang Jilin Electronic Technology Co., LTD agreed to make short-term investments with the amount contributed by the Company during the period from July 1, 2021 to June 30, 2023. The Company contributed a total amount of $500,000 under this agreement. On March 27, 2023, the contract was terminated early, and the Company got back a total amount of $444,155. During the year ended December 31, 2023, the Company purchased bank management products in a total amount of $2,824,500 (RMB20,000,000). As of December 31, 2023, the fair value of the Company’s bank management products was $2,818,068(RMB20,008,000).

Short Term Bank Loans

12 Months Ended

Dec. 31, 2023

Short Term Bank Loans [Abstract]

SHORT TERM BANK LOANS

NOTE 13 – SHORT TERM BANK LOANS

Short-term loans are summarized as follow:

	As of
	December 31, 2023		December 31, 2022
Collateralized bank loans	$	2,760,602	$	7,536,392
Unsecured bank loans		281,694		1,449,863
Total	$	3,042,296	$	8,986,255

Short-term loans as of December 31, 2023 are as follow:

Maturity Date	Type	Bank Name	Interest Rate per Annum (%)		December 31, 2023
July 22, 2024	Operating Loans	Bank of Zheshang		3.60	$	1,352,132
July 25, 2024	Operating Loans	Bank of Hangzhou		3.55		1,408,470
February 22, 2024	Operating Loans	Industrial and Commercial Bank of Xinchang		3.45	$	281,694
Total					$	3,042,296

Short-term loans as of December 31, 2022 are as follow:

Maturity Date	Type	Bank Name	Interest Rate per Annum (%)		December 31, 2022
August 29, 2023	Operating Loans	Agricultural Bank of PRC		3.85	$	2,609,755
June 29, 2023	Operating Loans	Bank of Communications		3.85	$	1,449,864
January 30, 2023	Operating Loans	Bank of Ningbo		1.12	$	1,012,005
August 23, 2023	Operating Loans	Rural Commercial Bank of Xinchang		3.85	$	2,464,768
February 23, 2023	Operating Loans	Industrial and Commercial Bank of Xinchang		4.05	$	1,449,863
Total					$	8,986,255

All short-term bank loans were obtained from local banks in the PRC and are repayable within one year.

The average annual interest rate of the short-term bank loans was 3.56% and 4.10% for the years ended December 31, 2023 and 2022, respectively. The Company was in compliance with its financial covenants as of December 31, 2023 and 2022, respectively.

As of December 31, 2023, the Company pledged a patent as security with Bank of Hangzhou, for its loan facility with maximum exposure of RMB10.00 million and a patent as security with Bank of Zheshang, for its loan facility with maximum exposure of RMB50.00 million.

Accounts Receivable

12 Months Ended

Dec. 31, 2023

Accounts Receivable [Abstract]

ACCOUNTS RECEIVABLE

NOTE 5 – ACCOUNTS RECEIVABLE

Accounts receivable is net of allowance for expected credit losses.

	As of
	December 31, 2023			December 31, 2022
Accounts receivable	$	17,351,398		$	15,100,085
Less: allowance for expected credit losses		(867,865	)		(762,325	)
Accounts receivable, net	$	16,483,533		$	14,337,760

Changes in the allowance for expected credit losses are as follows:

	As of
	December 31, 2023			December 31, 2022
Beginning balance	$	762,325		$	859,319
Additional provision charged to expense		127,646			(32,316	)
Effect of FX change		(22,106	)		(64,678	)
Ending balance	$	867,865		$	762,325

Land Use Rights (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Land Use Rights (Details) [Line Items]
Land use rights,net	$ 3,450	$ 3,640
Collateral Pledged [Member]
Land Use Rights (Details) [Line Items]
Land use rights,net	$ 1,140

Earnings Per Share (Details) - Schedule of Basic and Diluted (Loss) Earnings Per Share Computation - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Basic and Diluted Earnings Per Share Computation [Abstract]
Net income attributable to the Greenland Technologies Holding Corporation and subsidiaries (in Dollars)	$ (15,879,116)	$ 745,553
Weighted average basic and diluted computation shares outstanding:
Weighted average shares used in basic computation	13,229,978	11,886,876
Diluted effect of stock options and warrants
Weighted average shares used in diluted computation	13,229,978	11,886,876
Basic net income per share (in Dollars per share)	$ (1.2)	$ 0.06

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
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-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147483443/250-10-50-7

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147482689/260-10-45-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147482689/260-10-45-10

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 2
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/exampleRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-7

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Property, Plant and Equipment (Details) - Schedule of Property, Plant and Equipment - Property, Plant and Equipment [Member] - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Buildings	$ 11,444,906	$ 11,781,256
Machinery	20,974,546	21,010,613
Motor vehicles	336,541	315,708
Electronic equipment	246,207	223,806
Fixed assets decoration
Total property plant and equipment, at cost	33,002,200	33,331,383
Less: accumulated depreciation	(19,325,844)	(17,763,247)
Property, plant and equipment, net	13,676,356	15,568,136
Construction in process	22,641	17,078
Total	$ 13,698,997	$ 15,585,214

Earnings Per Share (Details) - Schedule of Basic and Diluted (Loss) Earnings Per Share Computation (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Basic and Diluted Earnings Per Share Computation [Abstract]
Diluted net income per share	$ (1.20)	$ 0.06

- Definition

+ References

+ Details

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies [Abstract]

Schedule of Non-Cancellable Future Minimum Lease Payments

The following are the aggregate non-cancellable future minimum lease payments under operating and financing leases as of December 31, 2023:

For the years ending December 31,	Operating Leases
2024	$	585,127
2025		589,272
2026		606,354
2027		624,034
Total lease payments	$	2,404,787

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Warrant Liability (Details) - Schedule of Warrants Outstanding and Fair Values - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Warrants Outstanding And Fair Values Abstract
Number of ordinary share warrants	4,530,000	4,530,000
Fair value of the warrants	$ 4,084,605	$ 5,483,379

Organization and Principal Activities

12 Months Ended

Dec. 31, 2023

Organization and Principal Activities [Abstract]

ORGANIZATION AND PRINCIPAL ACTIVITIES

NOTE 1 – ORGANIZATION AND PRINCIPAL ACTIVITIES

Greenland Technologies Holding Corporation (the “Company” or “Greenland”) designs, develops, manufactures and sells components and products for the global material handling industries.

Through its PRC subsidiaries, Greenland offers transmission products, which are key components for forklift trucks used in manufacturing and logistic applications, such as factories, workshops, warehouses, fulfilment centers, shipyards, and seaports. Forklifts play an important role in the logistic systems of many companies across different industries in China and globally. Generally, industries with the largest demand for forklifts include the transportation, warehousing logistics, electrical machinery, and automobile industries.

Greenland’s transmission products are used in 1-ton to 15-tons forklift trucks, some with mechanical shift and some with automatic shift. Greenland sells these transmission products directly to forklift-truck manufacturers. In the fiscal years ended December 31, 2023 and 2022, Greenland sold an aggregate of 149,543 and 129,686 sets of transmission products, respectively, to more than 100 forklift manufacturers in the PRC.

In January 2020, Greenland launched HEVI Corp. (“HEVI”), formerly known as Greenland Technologies Corp. to focus on the production and sale of electric industrial vehicles to meet the increasing demand for electric industrial vehicles and machinery powered by sustainable energy in order to reduce air pollution and lower carbon emissions. HEVI is a wholly owned subsidiary of Greenland incorporated under the laws of the State of Delaware. HEVI’s electric industrial vehicle products currently include GEF-series electric forklifts, a series of lithium powered forklifts with three models ranging in size from 1.8 tons to 3.5 tons, GEL-1800, a 1.8 ton rated load lithium powered electric wheeled front loader, GEX-8000, an all-electric 8.0 ton rated load lithium powered wheeled excavator, and GEL-5000, an all-electric 5.0 ton rated load lithium wheeled front loader. In addition, HEVI introduced a line of mobile DC battery chargers that support DC powered EV applications in the North America market. These products are available for purchase in the United States (“U.S.”) market. In August 2022, Greenland launched a 54,000 square foot industrial electric vehicle assembly site in Baltimore, Maryland to support local services, assembly and distribution of its electric industrial heavy equipment products line.

Greenland serves as the parent company of Zhongchai Holding (Hong Kong) Limited, a holding company formed under the laws of the Hong Kong Special Administrative Region (“Hong Kong”) on April 23, 2009 (“Zhongchai Holding”). Zhongchai Holding’s subsidiaries include Zhejiang Zhongchai Machinery Co. Ltd., an operating company formed under the laws of the People’s Republic of China (the “PRC” or “China”) in 2005, Hangzhou Greenland Energy Technologies Co., Ltd. (“Hangzhou Greenland”), an operating company formed under the laws of the PRC in 2019, and Hengyu Capital Limited, a company formed in Hong Kong on August 16, 2022 (“Hengyu Capital”). Through Zhongchai Holding and its subsidiaries, Greenland develops and manufactures traditional transmission products for material handling machineries in the PRC.

Greenland was incorporated on December 28, 2017 as a British Virgin Islands company with limited liability. Following the Business Combination (as described and defined below) in October 2019, the Company changed its name from Greenland Acquisition Corporation to Greenland Technologies Holding Corporation.

The COVID-19 pandemic has significantly affected business and manufacturing activities within China, including travel restrictions, widespread mandatory quarantines, and suspension of business activities within China. For the fiscal years ended December 31, 2023 and 2022, we experienced rising material costs due to the pandemic. As of the date of this report, Chinese industries have gradually resumed businesses as the Chinese government lifted its COVID-19 protocols and measures since December 2022. However, we remain cautious and prudent when assessing the future impact of COVID-19 on our business due to the current ongoing global pandemic.

The Company’s Shareholders

As of December 31, 2023, Cenntro Holding Limited owned 45.69% of Greenland’s outstanding ordinary shares. Cenntro Holding Limited is controlled and beneficially owned by Mr. Peter Zuguang Wang, the chairman of the board of directors of the Company.

The Company’s Subsidiaries

Zhongchai Holding, the wholly owned subsidiary of the Company, owned 71.576% of Zhejiang Zhongchai Machinery Co., Ltd. (“Zhejiang Zhongchai”), 100% of Hangzhou Greenland Energy Technologies Co., Ltd Co., Ltd (“Hangzhou Greenland”) and 62.5% of Hengyu Capital, Ltd. (“Hengyu Capital”). HEVI (formerly known as Greenland Technologies Corp.) is a wholly owned subsidiary of Greenland.

Zhejiang Zhongchai

Zhejiang Zhongchai, a limited liability company registered on November 21, 2005, is the direct operating subsidiary of Zhongchai Holding in the PRC. On April 5, 2007, Usunco Automotive Limited (“Usunco”), a British Virgin Islands limited liability company, invested US$8,000,000 for purchasing approximately 75.4717% equity interest of Zhejiang Zhongchai. On December 16, 2009, Usunco agreed to transfer its 75.4717% interest in Zhejiang Zhongchai to Zhongchai Holding. On April 26, 2010, Xinchang County Keyi Machinery Co., Ltd. transferred 24.5283% equity interest it owned in Zhejiang Zhongchai to Zhongchai Holding in exchange for a consideration of US$2.6 million. On November 1, 2017, Xinchang County Jiuxin Investment Management Partnership (LP) (“Jiuxin”), an entity controlled and beneficially owned by Mr. He Mengxing, president of Zhejiang Zhongchai, completed its investment of approximately RMB31,590,000 in Zhejiang Zhongchai for 10.53% of its interest.On December 29, 2021, Xinchang County Jiuhe Investment Management Partnership (LP) (“Jiuhe”), an entity controlled and beneficially owned by Mr. He Mengxing, president of Zhejiang Zhongchai, completed its investment of approximately RMB34,300,000 in Zhejiang Zhongchai for 20.00% of its interest. As of December 31, 2023, Zhongchai Holding owned approximately 71.576% of the equity interests, Jiuxin owned approximately 8.424% of the equity interests, and Jiuhe owned approximately 20.00% of the equity interests in Zhejiang Zhongchai.

Through Zhejiang Zhongchai, the Company has been engaging in the manufacturing and sales of transmission systems mainly for forklift trucks since 2006. These forklift trucks are used in manufacturing and logistics applications, such as factory, workshop, warehouse, fulfilment centers, shipyards and seaports. The transmission systems are the key components for forklift trucks. The Company supplies transmission systems to forklift truck manufacturers. Its transmission systems fit for forklift trucks ranging from 1 to 15 tons, with either mechanical shift or automatic shift. All the products are currently manufactured at the Company’s facility in Xinchang, Zhejiang Province, the PRC and are sold to both domestic and oversea markets.

Hangzhou Greenland

Hangzhou Greenland is a limited liability company registered on August 9, 2019 in Hangzhou Sunking Plaza, Zhejiang, the PRC. Hangzhou Greenland engages in the business of trading construction engineering machinery, electronic components, hardware, and others.

HEVI

HEVI, formerly known as Greenland Technologies Corp. prior to May 2022, was incorporated on January 14, 2020 under the laws of the State of Delaware. HEVI is a wholly owned subsidiary of Greenland and promotes sales of sustainable alternative products for the heavy industrial equipment industry, including electric industrial vehicles, in the North American market.

Hengyu Capital

Hengyu Capital is a limited liability company registered on August 16, 2022 in Hong Kong. The main business of Hengyu Capital is to engage in investment management and consulting services.

Shanghai Hengyu

Shanghai Hengyu is a limited liability company registered on September 10, 2015 in Shanghai Free Trade Zone, Shanghai, the PRC, which dissolved on July 10, 2023.

Details of the Company’s subsidiaries, which are included in these consolidated financial statements as of December 31, 2023, are as follows:

Name

Domicile
and Date of
Incorporation

Paid-in
Capital

Percentage
of Effective
Ownership

Principal Activities

Zhongchai Holding (Hong Kong) Limited

Hong Kong April 23, 2009

HKD

10,000

100

Holding

Zhejiang Zhongchai Machinery Co., Ltd.

PRC November 21, 2005

RMB

25,000,000

71.576

Manufacture, sale of various transmission boxes

Hangzhou Greenland Energy Technologies Co., Ltd.

PRC August 8, 2020

RMB

7,224,922

100

Trading

HEVI Corp.

Delaware January 14, 2020

USD

6,363,557

100

U.S. operation and distribution of electric industrial vehicles for North American market

Hengyu Capital, Ltd

Hong Kong August 16, 2022

HKD

10,000

62.5

Investment management and consulting services

Warrant Liability (Details) - USD ($)		12 Months Ended
Warrant Liability (Details) - USD ($)	Jul. 27, 2022	Dec. 31, 2023	Dec. 31, 2022
Derivative Liability [Line Items]
Warrants shares issued (in Shares)	4,530,000
Exercise price (in Dollars per share)	$ 4.49
Fair value of the warrants		$ (1,398,774)	$ 2,814,012
Fair value of investor warrant		$ 4,084,605	5,483,379
Warrant Liability [Member]
Derivative Liability [Line Items]
Fair value of the warrants			$ 5,483,379

Other Long-Term Liabilities (Details) $ in Thousands	12 Months Ended
Other Long-Term Liabilities (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Other Long-Term Liabilities [Abstract]
Grant income decreased	$ 280

Accounting Policies, by Policy (Policies)

12 Months Ended

Dec. 31, 2023

Summary of Significant Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for information pursuant to the rules and regulations of the U.S. Securities and Exchange Commission.

Principles of Consolidation

Principles of Consolidation

The consolidated financial statements include the financial statements of Greenland Technologies Holding Corporation and its subsidiaries. Intercompany accounts and transactions have been eliminated upon consolidation. Certain reclassifications to previously reported financial information have been made to conform to the current period presentation.

Use of Estimates

Use of Estimates

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made. Actual results could differ from those estimates. Significant estimates in the years ended December 31, 2023 and 2022 include allowance for expected credit losses, reserve for inventories, fair value of warrant liability, useful life of property, plant and equipment, assumptions used in assessing impairment of long-term assets, estimates used in accounting for leases in accordance with FASB ASC 842, Leases and valuation of deferred tax assets and accruals for taxes due.

Non-controlling Interest

Non-controlling Interest

Non-controlling interests in the Company’s subsidiaries are recorded in accordance with the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification 810 Consolidation (“ASC 810”) and are reported as a component of equity, separate from the parent’s equity. Purchase or sale of equity interests that do not result in a change of control are accounted for as equity transactions. Results of operations attributable to the non-controlling interest are included in our consolidated results of operations and, upon loss of control, the interest sold, as well as interest retained, if any, will be reported at fair value with any gain or loss recognized in earnings.

Foreign Currency Translation

Foreign Currency Translation

Since the Company operates primarily in the PRC, the Company’s functional currency is the Renminbi (“RMB”). The Company’s financial statements have been translated into the reporting currency of the United States Dollar (“USD”). Assets and liabilities of the Company are translated at the exchange rate at each reporting period end date. Equity is translated at the historical exchange rate when the transaction occurs. Income and expense accounts are translated at the average rate of exchange during the reporting period. The resulting translation adjustments are reported under other comprehensive income (loss). Gains and losses resulting from the translation of foreign currency transactions and balances are reflected in the results of operations.

The exchange rates used to translate amounts in RMB into USD for the purposes of preparing the audited consolidated financial statements or otherwise disclosed in this report were as follows:

	As of
	December 31, 2023		December 31, 2022
Period end RMB: US$ exchange rate		7.0999		6.8972

	For the years ended December 31,
	2023		2022
Period average RMB: US$ exchange rate		7.0809		6.7518

The exchange rates (applicable to Shanghai Hengyu closed on July 10, 2023) used to translate amounts in RMB into USD for the purposes of preparing the audited consolidated financial statements or otherwise disclosed in this report were as follows:

		From January 1, 2023 to July 10, 2023				For the year ended December 31, 2022
Period average RMB: US$ exchange rate			6.9402				6.7518

The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. The PRC government imposes significant exchange restrictions on fund transfers out of the PRC that are not related to business operations.

Cash and Cash Equivalents

Cash and Cash Equivalents

For financial reporting purposes, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. The Company maintains its bank accounts with various financial institutions primarily in mainland China and U.S. The Company has not experienced any losses in bank accounts.

Restricted Cash

Restricted Cash

Restricted cash represents amounts held by a bank as security for bank acceptance bills, as well as the financial product secured for the short-term bank loan and therefore is not available for the Company’s use until such time as the bank acceptance notes and bank loans have been fulfilled or expired, normally within a twelve-month period.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The Company applies the provisions of ASC 820, Fair Value Measurements and Disclosures, to the financial instruments that are required to be carried at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. The Company uses a three-tier fair value hierarchy based upon observable and non-observable inputs that prioritizes the information used to develop our assumptions regarding fair value. Fair value measurements are separately disclosed by level within the fair value hierarchy.

●

Level 1—defined as observable inputs such as quoted prices in active markets for identical assets or liabilities;

●

Level 2—defined as inputs other than quoted prices in active markets, that are either directly or indirectly observable; and

●

Level 3—defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The Company’s financial assets and liabilities, which include financial instruments as defined by FASB ASC 820, include cash, cash equivalents and restricted cash, short term investment, accounts receivable, notes receivables, due from related party, fixed deposit, short term bank loans, accounts payable, other payable, notes payable and warrant liability. As of December 31, 2023 and 2022, the carrying amounts of cash and cash equivalents, restricted cash, accounts receivable, notes receivables, notes payables, and accounts payable are approximation their fair value due to the short-term nature. As of December 31, 2023 and 2022, fixed deposits and bank loans are measured at amortized cost.

The following table summarizes the fair value measurements of assets and liabilities that are measured at fair value on a recurring basis at December 31, 2023:

(amount in absolute value)	Active Market for Identical Assets (Level 1)		Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total Carrying Value
Short term investment	$	2,818,068		-		-	$	2,818,068
Warrants liability		-		4,084,605		-		4,084,605

Total	$	2,818,068		4,084,605		-	$	6,902,673

Accounts Receivable and Allowance for Expected Credit Losses

Accounts Receivable and Allowance for Expected Credit Losses

Accounts receivable are stated at the historical carrying amount net of allowance for expected credit losses.

The Company adopted ASU No. 2016-13, “Financial Instruments — Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments” on January 1, 2023 using a modified retrospective approach. The Company also adopted this guidance to notes receivable and due from related parties.

To estimate expected credit losses, the Company has identified the relevant risk characteristics of its customers and the related receivables. The Company considers the past collection experience, current economic conditions, future economic conditions (external data and macroeconomic factors) and changes in the Company’s customer collection trends. The allowance for expected credit losses and corresponding receivables were written off when they are determined to be uncollectible.

Inventories

Inventories

Inventories are stated at the lower of cost or net realizable value, which is based on estimated selling prices less any further costs expected to be incurred for completion and disposal. Cost of raw materials is calculated using the weighted average method and is based on purchase cost. Work-in-progress and finished goods costs are determined using the weighted average method and comprise direct materials, direct labor and an appropriate proportion of overhead.

Advance to Suppliers

Advance to Suppliers

Advance to suppliers represents interest-free cash paid in advance to suppliers for purchases of parts and/or raw materials. The balance of advance to suppliers was $0.29 million and $0.41 million as of December 31, 2023 and 2022, respectively.

Property, Plant, and Equipment

Property, Plant, and Equipment

Property, plant, and equipment are stated at cost less accumulated depreciation, and include expenditure that substantially increases the useful lives of existing assets. Expenditures for repairs and maintenance, which do not extend the useful life of the assets, are expensed as incurred.

Depreciation is provided over their estimated useful lives, using the straight-line method. Estimated useful lives are as follows:

Plant, buildings and improvements		20 years
Machinery and equipment		2~10 years
Motor vehicles		4 years
Office equipment		3~5 years
Fixtures and decorations		5 years

When assets are sold or retired, their costs and accumulated depreciation are eliminated from the consolidated financial statements and any gain or loss resulting from their disposal is recognized in the period of disposition as an element of other income. The cost of maintenance and repairs is charged to income as incurred, whereas significant renewals and betterments are capitalized.

Land Use Rights

Land Use Rights

According to the PRC laws, the government owns all the land in the PRC. Companies or individuals are authorized to possess and use the land only through land use rights granted by the Chinese government. The land use rights granted to the Company are being amortized using the straight-line method over the lease term of fifty years.

Impairment of Long-Lived Assets

Impairment of Long-Lived Assets

Long-lived assets are evaluated for impairment periodically whenever events or changes in circumstances indicate that their related carrying amounts may not be recoverable in accordance with FASB ASC 360, “Property, Plant and Equipment”.

In evaluating long-lived assets for recoverability, the Company uses its best estimate of future cash flows expected to result from the use of the asset and eventual disposition in accordance with FASB ASC 360-10-15. To the extent that estimated future, undiscounted cash inflows attributable to the asset, less estimated future, undiscounted cash outflows, are less than the carrying amount, an impairment loss is recognized in an amount equal to the difference between the carrying value of such asset and its fair value. Assets to be disposed of and for which there is a committed plan of disposal, whether through sale or abandonment, are reported at the lower of carrying value or fair value less costs to sell. There was no impairment loss recognized for the years ended December 31, 2023 and 2022.

Lease

Lease

ASC 842 supersedes the lease requirements in ASC 840 “Leases,” and generally requires lessees to recognize operating and finance lease liabilities and corresponding right-of-use assets on the balance sheet and to provide enhanced disclosures surrounding the amount, timing and uncertainty of cash flows arising from leasing arrangements. Leases that transfer substantially all of the benefits and risks incidental to the ownership of assets are accounted for as finance leases as if there was an acquisition of an asset and incurrence of an obligation at the inception of the lease. All other leases are accounted for as operating leases.

A sale-leaseback transaction occurs when an entity sells an asset it owns and immediately leases the asset back from the buyer. The seller then becomes the lessee and the buyer becomes the lessor. Under ASC 842, both parties must assess whether the buyer-lessor has obtained control of the asset and a sale has occurred.

The Company has leased premises for its offices under non-cancellable operating leases since May 2021 and its assembly site under non-cancellable operating leases since June 2022. Operating lease payments are expensed over the term of lease using straight line method. The Company’s office leases have a 3-year term and the lease of its assembly site has a 5.5-year term. Usually within four months prior to the expiration date of a lease, the Company is required to notify the lessor and has a priority to continue renting the lease property if a lessor intends to lease property. The lease itself does not have restrictions or covenants. Any damage, if made by the lessee, to the property and equipment within the property has to been fixed or reimbursed by the lessee. The Company does not have any leases entered into that have not yet commenced. Under the terms of the lease agreements, the Company has no legal or contractual asset retirement obligations at the end of the leases.

Revenue Recognition

Revenue Recognition

In accordance with ASC Topic 606, “Revenue from Contracts with Customers,” the Company recognizes revenues when goods or services are transferred to customers in an amount that reflects the consideration which the Company expects to receive in exchange for those goods or services. In determining when and how revenues are recognized from contracts with customers, the Company performs the following five-step analysis: (i) identification of contract with customer; (ii) determination of performance obligations; (iii) measurement of the transaction price; (iv) allocation of the transaction price to the performance obligations and (v) recognition of revenues when (or as) the Company satisfies each performance obligation. The Company derives revenues from the processing, distribution and sale of its products. The Company recognizes its revenues net of value-added taxes (“VAT”). The Company is subject to VAT which had been levied at the rate of 17% on the invoiced value of sales until April 30, 2018, after which date the rate was reduced to 16%. VAT rate was further reduced to 13% starting from April 1, 2019. Output VAT is borne by customers in addition to the invoiced value of sales and input VAT is borne by the Company in addition to the invoiced value of purchases to the extent not refunded for export sales.

Revenues are recognized at a point in time once the Company has determined that the customer has obtained control over the product. Control is typically deemed to have been transferred to the customer when the performance obligation is fulfilled, usually at the time of customers’ acceptance or consumption, at the net sales price (transaction price) and each of the criteria under ASC 606 have been met. Contract terms may require the Company to deliver the finished goods to the customers’ location or the customer may pick up the finished goods at the Company’s factory. International sales are recognized when shipment clears customs and leaves the port. Payments due within two months after customers’ acceptance or consumption.

The Company adopted ASC 606 on January 1, 2018, using the transition method of Modified-Retrospective Method (“MRM”). The adoption of ASC 606 had no impact on the Company’s beginning balance of retained earnings.

The Company’s contracts are all short-term in nature with a contract term of one year or less. Receivables are recorded when the Company has an unconditional right to consideration.

Contracts do not offer any price protection, but allow for the return of certain goods if there is a quality problem, which is standard warranty. The Company’s product returns and recorded reserve for sales returns were minimal for the years ended December 31, 2023 and 2022. The total sales return amount accounted for around 0.10% and 0.00% of the total revenue for the years ended December 31, 2023 and 2022.The total warrants expenditures amount accounted for around 0.63% and 1.01% of the total revenue for the years ended December 31, 2023 and 2022.

The following table sets forth disaggregation of revenue:

	For the years ended December 31,
	2023		2022
Major Product
Transmission boxes for Forklift	$	85,925,302	$	80,220,000
Transmission boxes for Non-Forklift (EV, etc.)		4,407,938		10,610,674
Total	$	90,333,240	$	90,830,674

Cost of Goods Sold

Cost of Goods Sold

Cost of goods sold consists primarily of material costs, freight charges, purchasing and receiving costs, inspection costs, internal transfer costs, wages, employee compensation, amortization, depreciation and related costs, which are directly attributable to the production of products. Write-down of inventory to lower of cost or net realizable value is also recorded in cost of goods sold.

Selling Expenses

Selling Expenses

Selling expenses include operating expenses such as payroll and traveling and transportation expenses.

General and Administrative Expenses

General and Administrative Expenses

General and administrative expenses include management and office salaries and employee benefits, depreciation for office facility and office equipment, travel and entertainment, legal and accounting, consulting fees and other office expenses.

Research and Development

Research and Development

Research and development costs are expensed as incurred and totaled approximately $5.42 million and $5.79 million for the years ended December 31, 2023 and 2022, respectively. Research and development costs are incurred on a project specific basis.

Government subsidies

Government Subsidies

Government subsidies are recognized when there is reasonable assurance that the subsidy will be received and all attaching conditions will be complied with. When the subsidy relates to an expense item, it is recognized as income over the periods necessary to match the subsidy on a systematic basis to the costs that it is intended to compensate. Where the subsidy relates to an asset, it is recognized as other long-term liabilities and is released to the statement of operations over the expected useful life in a consistent manner with the depreciation method for the relevant asset. Total government subsidies were $1.53 million and $1.81 million as of December 31, 2023 and 2022, respectively.

Income Taxes

Income Taxes

The Company accounts for income taxes following the liability method pursuant to FASB ASC 740 “Income Taxes”. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Company records a valuation allowance to offset deferred tax assets if, based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rate is recognized in income in the period that includes the enactment date.

The Company also follows FASB ASC 740, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. The Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. As of December 31, 2023 and 2022, the Company did not have a liability for unrecognized tax benefits. It is the Company’s policy to include penalties and interest expense related to income taxes as a component of other expense and interest expense, respectively, as necessary. The Company’s historical tax years will remain open for examination by the local authorities until the statute of limitations has passed.

Value-Added Tax

Value-Added Tax

Enterprises or individuals, who sell commodities, engage in repair and maintenance or import or export goods in the PRC are subject to a value added tax in accordance with PRC Laws. The VAT standard rate had been 17% of the gross sale price until April 30, 2018, after which date the rate was reduced to 16%. VAT rate was further reduced to 13% starting from April 1, 2019. A credit is available whereby VAT paid on the purchases of semi-finished products or raw materials used in the production of the Company’s finished products can be used to offset the VAT due on the sales of the finished products.

Statutory Reserve

Statutory Reserve

In accordance with the PRC Regulations on Enterprises with Foreign Investment, an enterprise established in the PRC with foreign investment is required to provide for certain statutory reserves, namely (i) a General Reserve Fund, (ii) an Enterprise Expansion Fund and (iii) a Staff Welfare and Bonus Fund, which are appropriated from net profit as reported in the enterprise’s PRC statutory accounts. A wholly owned foreign enterprise is required to allocate at least 10% of its annual after-tax profit to the General Reserve Fund until the balance of such fund has reached 50% of its respective registered capital. A non-wholly owned foreign invested enterprise is permitted to provide for the above allocation at the discretion of its board of directors. Appropriations to the Enterprise Expansion Fund and Staff Welfare and Bonus Fund are at the discretion of the board of directors for all foreign invested enterprises. The aforementioned reserves can only be used for specific purposes and are not distributable as cash dividends.

Comprehensive Income (Loss)

Comprehensive Income (Loss)

Comprehensive income (loss) is defined as the change in equity during the year from transactions and other events, excluding the changes resulting from investments by owners and distributions to owners, and is not included in the computation of income tax expense or benefit. Accumulated comprehensive income consists of foreign currency translation. The Company presents comprehensive income (loss) in accordance with ASC Topic 220, “Comprehensive Income”.

Earnings per share

Earnings per share

The Company calculates earnings per share in accordance with ASC Topic 260 “Earnings per Share.” Basic earnings per share is computed by dividing the net income(loss) attributable to GREENLAND TECHNOLOGIES HOLDING CORPORATION, by the weighted average number of ordinary shares outstanding during the period. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional ordinary shares that would have been outstanding if the potential ordinary shares equivalents had been issued and if the additional ordinary shares were dilutive.

Segments and Related Information

Segments and Related Information

ASC 280 “Segment reporting” establishes standards for reporting information on operating segments in interim and annual financial statements. All of the Company’s operations are considered by the chief operating decision maker to be aggregated in one reportable operating segment.

The Company is engaged in the business of manufacturing and selling various transmission boxes. The Company’s manufacturing process is essentially the same for the entire Company and is performed in-house at the Company’s facilities in the PRC. The Company’s customers primarily consist of entities in the automotive, construction machinery or warehousing equipment industries. The distribution of the Company’s products is consistent across the entire Company. In addition, the economic characteristics of each customer arrangement are similar in that the Company maintains policies at the corporate level.

Commitments and contingencies

Commitments and contingencies

In the normal course of business, the Company is subject to contingencies, including legal proceedings and environmental claims arising out of the normal course of businesses that relate to a wide range of matters, including among others, contracts breach liability. The Company records accruals for such contingencies based upon the assessment of the probability of occurrence and, where determinable, an estimate of the liability. Management may consider many factors in making these assessments including past history, scientific evidence and the specifics of each matter. The Company’s management has evaluated all such proceedings and claims that existed as of December 31, 2023 and 2022. Normal course of businesses that relate to a wide range of matters, including among others, contracts breach liability. The Company records accruals for such contingencies based upon the assessment of the probability of occurrence and, where determinable, an estimate of the liability. Management may consider many factors in making these assessments including past history, scientific evidence and the specifics of each matter. The Company’s management has evaluated all such proceedings and claims that existed as of December 31, 2023 and 2022.

Related Party

Related Party

In general, related parties exist when there is a relationship that offers the potential for transactions at less than arm’s-length, favorable treatment, or the ability to influence the outcome of events different from that outcome which might result in the absence of that relationship. A related party may be any of the following: a) an affiliate, which is a party that directly or indirectly controls, is controlled by, or is under common control with another party; b) a principle owner, owner of record or known beneficial owner of more than 10% of the voting interest of an entity; c) management, which are persons having responsibility for achieving objectives of the entity and requisite authority to make decision; d) immediate family of management or principal owners; e) a parent company and its subsidiaries; f) other parties that have ability to significant influence the management or operating policies of the entity; and g) other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all significant related party transactions.

Uncertainty and risks

Uncertainty and risks

Political, social and economic risks

A significant portion of the Company’s operations are conducted in the PRC. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC economy.

The Company’s operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation, among other things.

Currency Exchange Risk

The Company cannot guarantee that the current exchange rate will remain steady. Therefore, there is a possibility that the Company could post the same amount of profit for two comparable periods and yet, because of the fluctuating exchange rate, record higher or lower profit depending on exchange rate of RMB converted to U.S. dollars on the relevant dates. The exchange rate could fluctuate depending on changes in the political and economic environment without notice.

Concentration of Credit Risk

Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash in bank and accounts receivable.

The Company places its cash with financial institutions with high credit ratings and quality in the PRC and the U.S. Balances at financial institutions and state-owned banks within the PRC are covered by insurance up to RMB500,000 (USD70,000) per bank. As of December 31, 2023 and 2022, the Company’s bank account balance in the PRC was $33,033,191 and 11,131,825, respectively, exceeding PRC deposit insurance of RMB500,000 (USD70,000) as of each year end. To date, the Company has not experienced any losses in such accounts.

The Company’s bank deposits in the U.S. are insured to the maximum extent permitted by the Deposit Insurance Fund in the U.S. Dodd-Frank permanently increased the maximum amount of deposit insurance to $250,000 per depositor, per insured institution for each account ownership category. Federal Deposit Insurance Corporation (“FDIC”) insurance is backed by the full faith and credit of the United States government. As of December 31, 2023 and 2022, the Company’s bank account balance in the United States was $3,797,076 and 7,547,582, respectively, exceeding FDIC insurance of $250.000 as of each year end. To date, the Company has not experienced any losses in such accounts.

The Company conducts credit evaluations of customers, and generally does not require collateral or other security from its customers. The Company establishes an allowance for expected credit losses primarily based upon the factors surrounding the credit risk of specific customers..

Warrants

Warrants

The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in the ASC 480, Distinguishing Liabilities from Equity (“ASC 480”) and ASC 815, Derivatives and Hedging (“ASC 815”). Management’s assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, whether they meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own ordinary shares and whether the warrant holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period-end date while the warrants are outstanding.

For issued or modified warrants that meet all of the criteria for equity classification, they are recorded as a component of additional paid-in capital at the time of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, they are recorded as warrant liability at their initial fair value on the date of issuance and subject to remeasurement each balance sheet date with changes in the estimated fair value of the warrants to be recognized as a non-cash gain or loss in the statement of operations.

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

Recent accounting pronouncements that the Company has adopted or may be required to adopt in the future are summarized below:

In June 2016, the FASB issued ASU 2016-13, Credit Losses, Measurement of Credit Losses on Financial Instruments. This ASU provides more useful information about expected credit losses to financial statement users and changes how entities will measure credit losses on financial instruments and timing of when such losses should be recognized. This ASU is effective for annual and interim periods beginning after December 15, 2019 for issuers and December 15, 2020 for non-issuers. Early adoption is permitted for all entities for annual periods beginning after December 15, 2018, and interim periods therein. In May 2019, the FASB issued ASU 2019-05, Financial Instruments — Credit Losses (Topic 326): Targeted Transition Relief. This update adds optional transition relief for entities to elect the fair value option for certain financial assets previously measured at amortized cost basis to increase comparability of similar financial assets. The updates should be applied through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (that is, a modified retrospective approach). On November 19, 2019, the FASB issued ASU 2019-10 to amend the effective date for ASU 2016-13 to be fiscal years beginning after December 15, 2022 and interim periods therein. The Company adopted this guidance on January 1, 2023, and the adoption did not have a material impact on its consolidated financial statements.

In March 2023, the FASB issued an ASU to amend certain provisions of ASC 842 that apply to arrangements between related parties under common control. The ASU amends the accounting for the amortization period of leasehold improvements in common-control leases for all entities and requires certain disclosures when the lease term is shorter than the useful life of the asset. This ASU is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted. We do not expect the application of this ASU to have a material impact on our consolidated financial statements or financial disclosures.

Other accounting standards that have been issued by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on, or are unrelated to, its consolidated financial condition, results of operations, cash flows or disclosures.

Notes Payable (Details) - USD ($) $ in Thousands	12 Months Ended
Notes Payable (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Notes Payable (Details) [Line Items]
Restricted cash	$ 5,210	$ 3,430
Note receivable	$ 21,850	$ 15,510
Notes Payable [Member]
Notes Payable (Details) [Line Items]
Principal amount as commission percentage	0.05%

Notes Receivable (Tables)

12 Months Ended

Dec. 31, 2023

Notes Receivable [Abstract]

Schdeule of Notes Receivable

	As of
	December 31, 2023		December 31, 2022
Bank notes receivable:	$	27,135,249	$	26,713,919
Commercial notes receivable		-		2,034,960
Total	$	27,135,249	$	28,748,879

Related Party Transactions (Details) - Schedule of Names and Relationship of Related Parties	12 Months Ended
	Dec. 31, 2023
Sinomachinery Holding Limited [Member]
Schedule of Names and Relationship of Related Parties [Abstract]
Existing Relationship with the Company	Under common control of Peter Zuguang Wang
Cenntro Holding Limited [Member]
Schedule of Names and Relationship of Related Parties [Abstract]
Existing Relationship with the Company	Controlling shareholder of the Company
Zhejiang Kangchen Biotechnology Co., Ltd. [Member]
Schedule of Names and Relationship of Related Parties [Abstract]
Existing Relationship with the Company	Under common control of Peter Zuguang Wang
Cenntro Smart Manufacturing Tech. Co., Ltd. [Member]
Schedule of Names and Relationship of Related Parties [Abstract]
Existing Relationship with the Company	Under common control of Peter Zuguang Wang
Zhejiang Zhonggong Machinery Co., Ltd. [Member]
Schedule of Names and Relationship of Related Parties [Abstract]
Existing Relationship with the Company	Under common control of Peter Zuguang Wang
Xinchang County Jiuxin Investment Management Partnership (LP) [Member]
Schedule of Names and Relationship of Related Parties [Abstract]
Existing Relationship with the Company	Under control of Mr. Mengxing He, the General Manger and one of the directors of Zhejiang Zhongchai
Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership) [Member]
Schedule of Names and Relationship of Related Parties [Abstract]
Existing Relationship with the Company	Under common control of Peter Zuguang Wang
Hangzhou Cenntro Autotech Co., Limited [Member]
Schedule of Names and Relationship of Related Parties [Abstract]
Existing Relationship with the Company	Under common control of Peter Zuguang Wang
Peter Zuguang Wang [Member]
Schedule of Names and Relationship of Related Parties [Abstract]
Existing Relationship with the Company	Chairman of the Company
Hangzhou Jiuru Economic Information Consulting Co. Ltd [Member]
Schedule of Names and Relationship of Related Parties [Abstract]
Existing Relationship with the Company	One of the directors of Shanghai Hengyu
Xinchang County Jiuhe Investment Management Partnership (LP) [Member]
Schedule of Names and Relationship of Related Parties [Abstract]
Existing Relationship with the Company	Under control of Mr. Mengxing He, the General Manger and one of the directors of Zhejiang Zhongchai/Non-controlling interest of Zhejiang Zhongchai
Cenntro Automotive Corporation [Member]
Schedule of Names and Relationship of Related Parties [Abstract]
Existing Relationship with the Company	Under common control of Peter Zuguang Wang

Income Taxes (Details) - Schedule of Reconciliation of the Statutory Tax Rate to the Effective Tax Rate

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Schedule of Reconciliation of the Statutory Tax Rate to the Effective Tax Rate [Abstract]

PRC statutory income tax rates

^[1]

25.00%

Permanent difference

(0.06%)

0.39%

Super deduction on eligible R&D expenditure

3.98%

(18.12%)

“High-tech enterprise” tax deduction

7.50%

(25.36%)

Effect of different tax jurisdiction

(13.29%)

23.93%

Effect of adjusting income tax for prior periods

(4.77%)

Effect of internal withholding of income tax and internal offsetting

(1.85%)

(0.20%)

Change in valuation allowance

(28.61%)

14.67%

Actual income tax rate

(7.33%)

15.54%

[1]	As the Company’s business operation mainly concentrated in PRC, the Company determined to apply PRC statutory tax rate in reconciliation of the statutory tax rate to the effective tax rate.

Organization and Principal Activities (Tables)

12 Months Ended

Dec. 31, 2023

Organization and Principal Activities [Abstract]

Schedule of Subsidiary Included Consolidated Financial Statements

Details of the Company’s subsidiaries, which are included in these consolidated financial statements as of December 31, 2023, are as follows:

Name

Domicile
and Date of
Incorporation

Paid-in
Capital

Percentage
of Effective
Ownership

Principal Activities

Zhongchai Holding (Hong Kong) Limited

Hong Kong April 23, 2009

HKD

10,000

100

Holding

Zhejiang Zhongchai Machinery Co., Ltd.

PRC November 21, 2005

RMB

25,000,000

71.576

Manufacture, sale of various transmission boxes

Hangzhou Greenland Energy Technologies Co., Ltd.

PRC August 8, 2020

RMB

7,224,922

100

Trading

HEVI Corp.

Delaware January 14, 2020

USD

6,363,557

100

U.S. operation and distribution of electric industrial vehicles for North American market

Hengyu Capital, Ltd

Hong Kong August 16, 2022

HKD

10,000

62.5

Investment management and consulting services

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ (25,017,490)	$ 3,802,683
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,190,737	2,436,114
Amortization of deferred subsidy	(231,795)	(236,856)
Loss on disposal of property and equipment	31,072	1,511
Increase in allowance for expected credit losses	127,646	(32,316)
Increase in provision for inventory	271,453	359,534
Change in fair value of warrant liability	(1,398,774)	2,814,012
Increase in allowance for expected credit loss-related parties receivable	34,462,992
Deferred tax assets	(43,724)	(90,259)
Non-cash lease expenses	668,609	354,377
Impairment for investments	300,000
Loss on disposal of short term investment	25,325
Accrued interest income derived from loan to RP	(14,570)
Accrued expense	103,150
Increase (Decrease) In:
Accounts receivable	(2,689,614)	406,963
Notes receivable	794,986	6,074,159
Inventories	(2,404,558)	400,982
Advance to suppliers	122,588	(11,187)
Other current and noncurrent assets	(6,335,159)	(7,816,943)
Increase (Decrease) In:
Accounts payable	1,163,794	(2,080,206)
Customer deposits	(83,204)	(133,803)
Other current liabilities	475,763	2,115,816
Income tax payables	572,857	94,634
Due to related parties		183,066
Long-term payables - unamortized deferred financing costs		(186,800)
Lease liabilities	(643,044)	(333,415)
NET CASH PROVIDED BY OPERATING ACTIVITIES	2,449,040	8,122,066
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of Long-term assets	(735,498)	(525,128)
Loan lent to third parties	(423,675)
Repayment of loans lend to third parties	1,835,925
Proceeds from sale of short-term investment	444,155
Investment in a joint venture	(50,000)	(250,000)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITES	1,070,907	(775,128)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from short-term bank loans	6,722,309	11,697,621
Repayments of short-term bank loans	(12,424,974)	(10,786,753)
Notes payable	9,272,074	(10,847,677)
Proceeds from related parties		281,406
Repayment of loans from related parties		(2,159,416)
Repayment of loans from third parties		(1,481,087)
Payment of principal on financing lease obligation		(185,136)
Proceeds from equity and debt financing		9,196,563
Dividend paid	(703,595)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITES	2,865,814	(4,284,479)
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	6,385,761	3,062,459
Effect of exchange rate changes on cash	2,074,570	(1,134,295)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR	19,729,056	17,800,892
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	28,189,387	19,729,056
Bank balances and cash	22,981,324	16,295,695
Bank balances and cash included in assets classified as restricted cash	5,208,063	3,433,361
Supplemental Disclosure of Cash Flow Information
Income taxes paid	977,985	695,315
Interest paid	$ 277,158	$ 405,174

Consolidated Balance Sheets (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financial Statement Reclassification [Abstract]
Ordinary shares, par value (in Dollars per share)
Ordinary shares, authorized	Unlimited	Unlimited
Ordinary shares, issued	13,594,530	12,978,504
Ordinary shares, outstanding	13,594,530	12,978,504

Warrant Liability (Details) - Schedule of Fair Value of Warrants from Continuing Operations - $ / shares		12 Months Ended
	Jul. 27, 2022	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Share price (in Dollars per share)	$ 4.31	$ 2.79
Exercise price (in Dollars per share)	$ 4.49	$ 4.49
Annual dividend yield
Expected term (years)	3 years	2 years 14 days
Risk-free interest rate	2.90%	4.20%
Expected volatility	140.00%	80.00%
Warrant Liability [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Share price (in Dollars per share)		$ 2.79	$ 2.18
Exercise price (in Dollars per share)		$ 4.49	$ 4.49
Annual dividend yield
Expected term (years)		2 years 14 days	2 years 6 months 25 days
Risk-free interest rate		4.20%	4.30%
Expected volatility		80.00%	120.00%

Related Party Transactions

12 Months Ended

Dec. 31, 2023

RELATED PARTY TRANSACTIONS

NOTE 23 – RELATED PARTY TRANSACTIONS

(a) Names and Relationship of Related Parties:

		Existing Relationship with the Company
Sinomachinery Holding Limited		Under common control of Peter Zuguang Wang
Cenntro Holding Limited		Controlling shareholder of the Company
Zhejiang Kangchen Biotechnology Co., Ltd.		Under common control of Peter Zuguang Wang
Cenntro Smart Manufacturing Tech. Co., Ltd.		Under common control of Peter Zuguang Wang
Zhejiang Zhonggong Machinery Co., Ltd.		Under common control of Peter Zuguang Wang
Xinchang County Jiuxin Investment Management Partnership (LP)		Under control of Mr. Mengxing He, the General Manger and one of the directors of Zhejiang Zhongchai
Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership)		Under common control of Peter Zuguang Wang
Hangzhou Cenntro Autotech Co., Limited		Under common control of Peter Zuguang Wang
Peter Zuguang Wang		Chairman of the Company
Hangzhou Jiuru Economic Information Consulting Co. Ltd		One of the directors of Shanghai Hengyu
Xinchang County Jiuhe Investment Management Partnership (LP)		Under control of Mr. Mengxing He, the General Manger and one of the directors of Zhejiang Zhongchai/Non-controlling interest of Zhejiang Zhongchai
Cenntro Automotive Corporation		Under common control of Peter Zuguang Wang

(b) Summary of Balances with Related Parties :

	As of
	December 31, 2023		December 31, 2022
Due to related parties:
Zhejiang Zhonggong Machinery Co., Ltd.¹	$	-	$	64,563
Cenntro Smart Manufacturing Tech. Co., Ltd.²		2,606		2,683
Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership)³		94,442		94,442
Cenntro Holding Limited⁴		1,341,627		1,341,627
Hangzhou Jiuru Economic Information Consulting Co. Ltd⁵		190,000		190,000
Peter Zuguang Wang⁶		2,392,961		-
Total	$	4,021,636	$	1,693,315

All balances of due to related parties as of December 31, 2023 and 2022 were unsecured, interest-free and had no fixed terms of repayments.

The balance of due to related parties as of December 31, 2023 and December 31, 2022 consisted of:

1	Interest payable to Zhejiang Zhonggong Machinery Co., Ltd, which is waived by Zhejiang Zhonggong Machinery Co., Ltd in 2023;

2	Employee wages paid by Cenntro Smart Manufacturing Tech. Co., Ltd. on the Company’s behalf;

3	Temporary borrowings from Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership);

4	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;

5	Consulting fees payable to Hangzhou Jiuru Economic Information Consulting Co. Ltd; and

6	Payable to Peter Zuguang Wang for capital reduction due to the dissolution of Shanghai Hengyu on July 10, 2023.

	As of
	December 31,		December 31,
	2023		2022
Due from related parties-current:
Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership)		225,927		214,245
Cenntro Holding Limited	$	-	$	30,000,000
Total	$	225,927	$	30,214,245

	As of
	December 31,		December 31,
	2023		2022
Due from related parties-noncurrent:
Cenntro Holding Limited	$	-	$	6,455,662
Total	$	-	$	6,455,662

The balance of due from related parties as of December 31, 2023 and December 31, 2022 consisted of:

Other receivable from Cenntro Holding Limited was $34.46 million and $36.46 million as of December 31, 2023 and December 31, 2022, respectively. Greenland does not expect the amount due from Cenntro Holding Limited to be repaid. Greenland therefore recorded a full provision for expected credit losses for the year ended December 31, 2023. As of December 31, 2023 and December 31, 2022, other receivable, net from Cenntro Holding Limited was $0.00 million and $36.46 million, respectively.

Other receivable from Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership) was $0.23 million and $0.21 million as of December 31, 2023 and December 31, 2022, respectively. It’s a loan with annual interest rate of 4.785%.

(c) Summary of Related Party dividend payment:

A summary of dividend payment declared by Zhejiang Zhongchai to related parties for the years ended December 31, 2023 and 2022 are listed below:

	For the years ended December 31,
	2023		2022
Dividend payment to related parties:
Xinchang County Jiuxin Investment Management Partnership (LP)		208,524		-
Xinchang County Jiuhe Investment Management Partnership (LP)		495,071		-

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Leases

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

LEASES

NOTE 16 – LEASES

The Company leases its corporate offices and assembly site under operating leases, with initial terms of 3 years and 5.58 years, respectively. Usually within four months prior to the expiration date of a lease, the Company is required to notify the lessor and has a priority to continue renting the lease property if a lessor intends to lease property. The lease itself does not have restrictions or covenants. Any damage, if made by the lessee, to the property and equipment within the property has to been fixed or reimbursed by the lessee.

Supplemental balance sheet information related to leases as of December 31, 2023 and 2022 is as follows:

	As of
	December 31, 2023		December 31, 2022
Assets:
Operating lease right-of-use assets	$	2,125,542	$	2,627,110
Liabilities:
Current portion of operating lease liabilities	$	487,695	$	472,182
Long-term operating lease liabilities		1,684,614		2,176,130
Total operating lease liabilities	$	2,172,309	$	2,648,312
Lease term and discount rate
Weighted average remaining lease term (in years)		2.09		3.09
Weighted average discount rate		4.5	$	4.3

The following summarizes the components of operating lease expense and provides supplemental cash flow information for operating leases:

	For the years ended December 31,
	2023		2022
Components of lease expense:
Operating lease expense	$	668,609	$	354,377
Total lease expense	$	668,609	$	354,377
Supplemental cash flow information related to leases.
Cash paid for amounts included in measurement of operating lease liabilities	$	593,778	$	337,235
Right-of-use assets obtained in exchange for new operating lease liabilities		-		2,835,406

The following table summarizes the maturity of lease liabilities under operating leases as of December 31, 2023:

For the years ending December 31,	Operating Leases
2024	$	585,127
2025		589,272
2026		606,354
2027		624,034
Total lease payments	$	2,404,787
Less: imputed interest		(232,478	)
Present value of lease liabilities		2,172,309

Fixed Deposit (Details) - Schedule of Fixed Deposit - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Fixed Deposit (Details) - Schedule of Fixed Deposit [Line Items]
Other non current assets	$ 9,916,308
Bank Time Deposits [Member]
Fixed Deposit (Details) - Schedule of Fixed Deposit [Line Items]
Other non current assets	$ 9,916,308

Accounts Receivable (Tables)

12 Months Ended

Dec. 31, 2023

Accounts Receivable [Abstract]

Schedule of Accounts Receivable is Net of Allowance for Expected Credit Losses

Accounts receivable is net of allowance for expected credit losses.

	As of
	December 31, 2023			December 31, 2022
Accounts receivable	$	17,351,398		$	15,100,085
Less: allowance for expected credit losses		(867,865	)		(762,325	)
Accounts receivable, net	$	16,483,533		$	14,337,760

Schedule of Changes in the Allowance for Expected Credit Losses

Changes in the allowance for expected credit losses are as follows:

	As of
	December 31, 2023			December 31, 2022
Beginning balance	$	762,325		$	859,319
Additional provision charged to expense		127,646			(32,316	)
Effect of FX change		(22,106	)		(64,678	)
Ending balance	$	867,865		$	762,325

Concentration on Revenues and Cost of Goods Sold

12 Months Ended

Dec. 31, 2023

Concentration on Revenues and Cost of Goods Sold [Abstract]

CONCENTRATION ON REVENUES AND COST OF GOODS SOLD

NOTE 4 – CONCENTRATION ON REVENUES AND COST OF GOODS SOLD

Concentration of major customers and suppliers:

	For the years ended December 31,
	2023				2022
Major customers representing more than 10% of the Company’s revenues
Company A	$	13,533,592	14.98	%	$	15,570,726	17.14	%
Company B		10,618,083	11.75	%		12,846,382	14.14	%
Total Revenue	$	24,151,675	26.73	%	$	28,417,108	31.28	%

	As of
	December 31, 2023				December 31, 2022
Major customers of the Company’s accounts receivable, net
Company A		2,143,828	12.36	%		1,082,818	7.55	%
Company B		1,582,994	9.12	%		1,375,051	9.59	%
Company C		1,415,116	8.16	%		1,154,670	8.05	%
Company D		1,370,447	7.90	%		2,140,591	14.93	%
Company E		1,192,684	6.87	%		2,266,095	15.81	%
Company F		746,874	4.30	%		1,430,298	9.98	%
Total	$	8,451,944	48.71	%	$	9,449,523	65.91	%

Accounts receivable from the Company’s major customers accounted for 48.71% and 65.91% of total accounts receivable balances as of December 31, 2023 and December 31, 2022, respectively.

There was no supplier representing more than 10% of the Company’s total purchases for the years ended December 31, 2023 and 2022, respectively.

Related Party Transactions (Details) - Schedule of Dividend Payment to Related Parties - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Xinchang County Jiuxin Investment Management Partnership (LP) [Member]
Dividend payment to related parties:
Dividend payment to related parties	$ 208,524
Xinchang County Jiuhe Investment Management Partnership (LP) [Member]
Dividend payment to related parties:
Dividend payment to related parties	$ 495,071

Summary of Significant Accounting Policies (Details) - Schedule of Fair Value Measurements of Assets And Liabilities that are Measured at Recurring Basis - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Summary of Significant Accounting Policies (Details) - Schedule of Fair Value Measurements of Assets And Liabilities that are Measured at Recurring Basis [Line Items]
Short term investment	$ 2,818,068	$ 7,800,723
Warrants liability	4,084,605	$ 5,483,379
Total	6,902,673
Active Market for Identical Assets (Level 1) [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Fair Value Measurements of Assets And Liabilities that are Measured at Recurring Basis [Line Items]
Short term investment	2,818,068
Warrants liability
Total	2,818,068
Observable Inputs (Level 2) [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Fair Value Measurements of Assets And Liabilities that are Measured at Recurring Basis [Line Items]
Short term investment
Warrants liability	4,084,605
Total	4,084,605
Unobservable Inputs (Level 3) [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Fair Value Measurements of Assets And Liabilities that are Measured at Recurring Basis [Line Items]
Short term investment
Warrants liability
Total

Geographical Sales and Segments (Tables)

12 Months Ended

Dec. 31, 2023

Geographical Sales and Segments [Abstract]

Schedule of Sales by Geographical Area

Information for the Company’s sales by geographical area for the years ended December 31, 2023 and 2022 are as follows:

	For the years ended December 31,
	2023		2022
Domestic Sales	$	89,649,354	$	90,171,256
International Sales		683,886		659,418
Total	$	90,333,240	$	90,830,674

Inventories

12 Months Ended

Dec. 31, 2023

Inventories [Abstract]

INVENTORIES

NOTE 6 – INVENTORIES

As of December 31, 2023 and 2022, inventories consisted of the following

	As of
	December 31, 2023			December 31, 2022
Raw materials	$	9,337,110		$	7,975,097
Revolving material		1,143,558			1,122,313
Consigned processing material		60,754			15,056
Work-in-progress		2,501,368			2,255,453
Finished goods		12,192,937			12,104,309
Less: inventory impairment		(638,932	)		(375,846	)
Inventories, net	$	24,596,795		$	23,096,382

Changes in the inventory reserves are as follows:

	As of
	December 31, 2023			December 31, 2022
Beginning balance	$	375,846		$	23,793
(Release of) inventory write-downs		271,233			359,534
Effect of FX change		(8,147	)		(7,481	)
Ending balance	$	638,932		$	375,846

Warrant Liability (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Liability [Abstract]

Schedule of Fair Value of Warrants from Continuing Operations

The fair value of the warrant liabilities was measured using a Black–Scholes model. Significant inputs into the model as of the reporting period begin remeasurement dates, and as of the reporting period end remeasurement dates are as follows:

	Ordinary Share Warrants			Ordinary Share Warrants
	December 31, 2023			December 31, 2022

Share price	$	2.79		$	2.18
Exercise price	$	4.49		$	4.49
Annual dividend yield		-	%		-	%
Expected term (years)		2.04			2.57
Risk-free interest rate		4.2	%		4.3	%
Expected volatility		80.00	%		120.00	%

	Ordinary Share Warrants			Ordinary Share Warrants
	December 31, 2023			July 27, 2022

Share price	$	2.79		$	4.31
Exercise price	$	4.49		$	4.49
Annual dividend yield		-	%		-	%
Expected term (years)		2.04			3.00
Risk-free interest rate		4.2	%		2.9	%
Expected volatility		80.00	%		140.0	%

Schedule of Warrants Outstanding and Fair Values

The warrants outstanding and fair values at each of the respective valuation dates are summarized below:

	As of
	December 31, 2023		December 31, 2022
Number of ordinary share warrants		4,530,000		4,530,000
Fair value of the warrants	$	4,084,605	$	5,483,379

Earnings Per Share (Details) - shares	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share [Abstract]
Shares underlying outstanding	4,530,000	4,530,000

Notes Receivable (Details) - Schdeule of Notes Receivable - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schdeule of Notes Receivable [line Items]
Note receivable	$ 27,135,249	$ 28,748,879
Bank Notes Receivable [Member]
Schdeule of Notes Receivable [line Items]
Note receivable	27,135,249	26,713,919
Commercial Notes Receivable [Member]
Schdeule of Notes Receivable [line Items]
Note receivable		$ 2,034,960

Related Party Transactions (Details) - Schedule of Due to Related Parties - Related Party [Member] - USD ($)

Dec. 31, 2023

Dec. 31, 2022

Due to related parties

$ 4,021,636

$ 1,693,315

Zhejiang Zhonggong Machinery Co., Ltd. [Member]

Due to related parties

^[1]

64,563

Cenntro Smart Manufacturing Tech. Co., Ltd. [Member]

Due to related parties

^[2]

2,606

2,683

Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership) [Member]

Due to related parties

^[3]

94,442

Cenntro Holding Limited [Member]

Due to related parties

^[4]

1,341,627

Hangzhou Jiuru Economic Information Consulting Co. Ltd [Member]

Due to related parties

^[5]

190,000

Peter Zuguang Wang [Member]

Due to related parties

^[6]

$ 2,392,961

[1]	Interest payable to Zhejiang Zhonggong Machinery Co., Ltd, which is waived by Zhejiang Zhonggong Machinery Co., Ltd in 2023;
[2]	Employee wages paid by Cenntro Smart Manufacturing Tech. Co., Ltd. on the Company’s behalf;
[3]	Temporary borrowings from Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership);
[4]	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;
[5]	Consulting fees payable to Hangzhou Jiuru Economic Information Consulting Co. Ltd; and
[6]	Payable to Peter Zuguang Wang for capital reduction due to the dissolution of Shanghai Hengyu on July 10, 2023.

Organization and Principal Activities (Details) - Schedule of Subsidiary Included Consolidated Financial Statements	12 Months Ended
	Dec. 31, 2023 USD ($)
Zhongchai Holding (Hong Kong) Limited [Member]
Schedule of Subsidiary Included Unaudited Consolidated Financial Statements [Line Items]
Domicile and Date of Incorporation	Hong Kong April 23, 2009
Paid-in Capital	$ 10,000
Percentage of Effective Ownership	100.00%
Principal Activities	Holding
Paid-in Capital	HKD
Zhejiang Zhongchai Machinery Co., Ltd. [Member]
Schedule of Subsidiary Included Unaudited Consolidated Financial Statements [Line Items]
Domicile and Date of Incorporation	PRC November 21, 2005
Paid-in Capital	$ 25,000,000
Percentage of Effective Ownership	71.576%
Principal Activities	Manufacture, sale of various transmission boxes
Paid-in Capital	RMB
Hangzhou Greenland Energy Technologies Co., Ltd. [Member]
Schedule of Subsidiary Included Unaudited Consolidated Financial Statements [Line Items]
Domicile and Date of Incorporation	PRC August 8, 2020
Paid-in Capital	$ 7,224,922
Percentage of Effective Ownership	100.00%
Principal Activities	Trading
Paid-in Capital	RMB
HEVI Corp. [Member]
Schedule of Subsidiary Included Unaudited Consolidated Financial Statements [Line Items]
Domicile and Date of Incorporation	Delaware January 14, 2020
Paid-in Capital	$ 6,363,557
Percentage of Effective Ownership	100.00%
Principal Activities	U.S. operation and distribution of electric industrial vehicles for North American market
Paid-in Capital	USD
Hengyu Capital, Ltd. [Member]
Schedule of Subsidiary Included Unaudited Consolidated Financial Statements [Line Items]
Domicile and Date of Incorporation	Hong Kong August 16, 2022
Paid-in Capital	$ 10,000
Percentage of Effective Ownership	62.50%
Principal Activities	Investment management and consulting services
Paid-in Capital	HKD

Cover - USD ($) $ in Thousands	12 Months Ended
Cover - USD ($) $ in Thousands	Dec. 31, 2023	Apr. 16, 2024	Jun. 30, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Financial Statement Error Correction [Flag]	false
Entity Interactive Data Current	Yes
ICFR Auditor Attestation Flag	false
Amendment Flag	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Information [Line Items]
Entity Registrant Name	GREENLAND TECHNOLOGIES HOLDING CORPORATION
Entity Central Index Key	0001735041
Entity File Number	001-38605
Entity Tax Identification Number	01-0038605
Entity Incorporation, State or Country Code	D8
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Public Float			$ 10,810
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	50 Millstone Road
Entity Address, Address Line Two	Building 400 Suite 130
Entity Address, City or Town	East Windsor
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	08512
Entity Phone Fax Numbers [Line Items]
City Area Code	1 (888)
Local Phone Number	827-4832
Entity Listings [Line Items]
Title of 12(b) Security	Ordinary shares, no par value
Trading Symbol	GTEC
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		13,594,530

Income Taxes

12 Months Ended

Dec. 31, 2023

Income Taxes [Abstract]

INCOME TAXES

NOTE 21 – INCOME TAXES

The Company is subject to income taxes on an entity basis on income arising in or derived from the tax jurisdiction in which each entity is domiciled.

British Virgin Islands

Greenland was incorporated in the British Virgin Islands and is not subject to tax on income or capital gains under current British Virgin Islands law. In addition, upon payments of dividends by these entities to their stockholders, no British Virgin Islands withholding tax will be imposed.

United States

HEVI is subject to U.S. Federal tax laws. On December 22, 2017, the “Tax Cuts and Jobs Act” was enacted. Under its provisions, the U.S. corporate tax rate decreased from 34% to 21%. Accordingly, we have remeasured our deferred tax assets on our net operating loss carry forwards in the U.S. at the lower enacted tax rate of 21%. However, this remeasurement had no effect on our income tax expense as we have provided a 100% valuation allowance on our deferred tax assets previously.

Hong Kong

Zhongchai Holding and Hengyu Capital was incorporated in Hong Kong and is subject to Hong Kong profits tax at a tax rate of 16.5%. Since Zhongchai Holding and Hengyu Capital had no taxable income during the reporting period, it has not paid Hong Kong profits taxes. Zhongchai Holding and Hengyu Capital has not recognized an income tax benefit for its operating losses in Hong Kong because the Company does not expect to commence active operations in Hong Kong.

PRC

Zhejiang Zhongchai and Hangzhou Greenland are governed by the income tax laws of the PRC and the income tax provision in respect to operations in the PRC is calculated at the applicable tax rates on the taxable income for the periods based on existing legislation, interpretations and practices in respect thereof. Hangzhou Greenland, the wholly owned subsidiary of Zhongchai Holding, is subject to the 25% standard income tax rate. Zhejiang Zhongchai obtained a “high-tech enterprise” status near the end of the fiscal year of 2022. Such status allows Zhejiang Zhongchai to enjoy a reduced statutory income tax rate of 15%, rather than the standard PRC corporate income tax rate of 25%.

For the years ended December 31, 2023 and 2022, the components of income tax expense consist of the following:

	For the years ended December 31,
	2023			2022
Current income tax	$	1,757,948		$	789,950
Deferred income tax		(49,686	)		(90,259	)
Total Income tax	$	1,708,262		$	699,691

Below is a reconciliation of the statutory tax rate to the effective tax rate:

	For the years ended December 31,
	2023			2022
PRC statutory income tax rates*		25.00	%		25.00	%
Permanent difference		(0.06	)%		0.39	%
Super deduction on eligible R&D expenditure		3.98	%		(18.12	)%
“High-tech enterprise” tax deduction		7.50	%		(25.36	)%
Effect of different tax jurisdiction		(13.29	)%		23.93	%
Effect of adjusting income tax for prior periods		-	%		(4.77	)%
Effect of internal withholding of income tax and internal offsetting		(1.85	)%		(0.20	)%
Change in valuation allowance		(28.61	)%		14.67	%
Actual income tax rate		(7.33	)%		15.54	%

As the Company’s business operation mainly concentrated in PRC, the Company determined to apply PRC statutory tax rate in reconciliation of the statutory tax rate to the effective tax rate.

Deferred tax assets consist of the following:

	As of
	December 31, 2023			December 31, 2022
Allowance	$	5,870,437		$	163,710
Accrued expense		72,512			55,497
Net operating losses carried forward in the PRC		234,833			207,256
Net operating losses carried forward in the U.S.		1,488,696			689,694
Net operating losses carried forward in the HK		153,317			-
Totals		7,819,795			1,116,157
Less: Valuation allowance		(7,563,239	)		(896,950	)
Deferred tax assets, net	$	256,556		$	219,207

As of December 31, 2023 and 2022, the Company’s PRC entities had net operating loss carry forwards of approximately $0.99 million and $0.85 million, respectively, which will start to expire from 2025. The Company reviews deferred tax assets for a valuation allowance based upon whether it is more likely than not that the deferred tax asset will not be fully realized. As of December 31, 2023 and 2022, full valuation allowance is provided against the deferred tax assets related to the Company’s net operating loss carry forwards based upon management’s assessment as to their realization. The Company recorded $34.46 million allowance of expected credit loss to the amounts due from Cenntro Holding Limited, and full valuation allowance is provided against the deferred tax assets related to this allowance based upon management’s assessment as to their realization.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Income Taxes (Details) - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Income Taxes (Details) [Line Items]

Corporate tax rate

^[1]

25.00%

Enacted tax rate

21.00%

Valuation allowance deferred tax assets

(28.61%)

14.67%

Dtandard income tax rate

50.00%

Reduced statutory income tax rate

15.00%

Unrecognized benefit (in Dollars)

$ 0.99

$ 0.85

Allowance of credit loss (in Dollars)

$ 34,460,000

Zhejiang Zhongchai [Member]

Income Taxes (Details) [Line Items]

Corporate tax rate

25.00%

Dtandard income tax rate

25.00%

Minimum [Member]

Income Taxes (Details) [Line Items]

Corporate tax rate

34.00%

Maximum [Member]

Income Taxes (Details) [Line Items]

Corporate tax rate

21.00%

United States [Member]

Income Taxes (Details) [Line Items]

Valuation allowance deferred tax assets

100.00%

Hong Kong [Member]

Income Taxes (Details) [Line Items]

Profits tax rate

16.50%

[1]	As the Company’s business operation mainly concentrated in PRC, the Company determined to apply PRC statutory tax rate in reconciliation of the statutory tax rate to the effective tax rate.

Notes Receivable

12 Months Ended

Dec. 31, 2023

Notes Receivable [Abstract]

NOTES RECEIVABLE

NOTE 7 – NOTES RECEIVABLE

	As of
	December 31, 2023		December 31, 2022
Bank notes receivable:	$	27,135,249	$	26,713,919
Commercial notes receivable		-		2,034,960
Total	$	27,135,249	$	28,748,879

Bank notes and commercial notes are means of payment from customers for the purchase of the Company’s products and are issued by financial institutions or business entities, respectively, that entitle the Company to receive the full nominal amount from the issuers at maturity, which bear no interest and generally range from three to six months from the date of issuance. As of December 31, 2023, the Company pledged notes receivable for an aggregate amount of $21.85 million to Bank of Hangzhou as a means of security for issuance of bank acceptance notes in an aggregate amount of $19.35 million. As of December 31, 2022, the Company pledged notes receivable for an aggregate amount of $15.51 million to Bank of Communications as a means of security for issuance of bank acceptance notes in an aggregate amount of $13.27 million. The Company expects to collect notes receivable within 6 months after the issuance date of bank acceptance notes.

Due to the short term, high-quality credit rating of these commercial banks and no losses have occurred in history, for the years ended December 31, 2023 and 2022, the Company had no allowance for expected credit losses for notes receivable.

Inventories (Tables)

12 Months Ended

Dec. 31, 2023

Inventories [Abstract]

Schedule of Inventories

As of December 31, 2023 and 2022, inventories consisted of the following

	As of
	December 31, 2023			December 31, 2022
Raw materials	$	9,337,110		$	7,975,097
Revolving material		1,143,558			1,122,313
Consigned processing material		60,754			15,056
Work-in-progress		2,501,368			2,255,453
Finished goods		12,192,937			12,104,309
Less: inventory impairment		(638,932	)		(375,846	)
Inventories, net	$	24,596,795		$	23,096,382

Schedule of Inventory Reserve

Changes in the inventory reserves are as follows:

	As of
	December 31, 2023			December 31, 2022
Beginning balance	$	375,846		$	23,793
(Release of) inventory write-downs		271,233			359,534
Effect of FX change		(8,147	)		(7,481	)
Ending balance	$	638,932		$	375,846

Accounts Receivable (Details) - Schedule of Accounts Receivable is Net of Allowance for Expected Credit Losses - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Accounts Receivable is Net of Allowance for Doubtful Accounts [Abstract]
Accounts receivable	$ 17,351,398	$ 15,100,085
Less: allowance for expected credit losses	(867,865)	(762,325)
Accounts receivable, net	$ 16,483,533	$ 14,337,760

Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Names and Relationship of Related Parties

(a) Names and Relationship of Related Parties:

		Existing Relationship with the Company
Sinomachinery Holding Limited		Under common control of Peter Zuguang Wang
Cenntro Holding Limited		Controlling shareholder of the Company
Zhejiang Kangchen Biotechnology Co., Ltd.		Under common control of Peter Zuguang Wang
Cenntro Smart Manufacturing Tech. Co., Ltd.		Under common control of Peter Zuguang Wang
Zhejiang Zhonggong Machinery Co., Ltd.		Under common control of Peter Zuguang Wang
Xinchang County Jiuxin Investment Management Partnership (LP)		Under control of Mr. Mengxing He, the General Manger and one of the directors of Zhejiang Zhongchai
Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership)		Under common control of Peter Zuguang Wang
Hangzhou Cenntro Autotech Co., Limited		Under common control of Peter Zuguang Wang
Peter Zuguang Wang		Chairman of the Company
Hangzhou Jiuru Economic Information Consulting Co. Ltd		One of the directors of Shanghai Hengyu
Xinchang County Jiuhe Investment Management Partnership (LP)		Under control of Mr. Mengxing He, the General Manger and one of the directors of Zhejiang Zhongchai/Non-controlling interest of Zhejiang Zhongchai
Cenntro Automotive Corporation		Under common control of Peter Zuguang Wang

Schedule of Due to Related Parties

(b) Summary of Balances with Related Parties :

	As of
	December 31, 2023		December 31, 2022
Due to related parties:
Zhejiang Zhonggong Machinery Co., Ltd.¹	$	-	$	64,563
Cenntro Smart Manufacturing Tech. Co., Ltd.²		2,606		2,683
Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership)³		94,442		94,442
Cenntro Holding Limited⁴		1,341,627		1,341,627
Hangzhou Jiuru Economic Information Consulting Co. Ltd⁵		190,000		190,000
Peter Zuguang Wang⁶		2,392,961		-
Total	$	4,021,636	$	1,693,315

1	Interest payable to Zhejiang Zhonggong Machinery Co., Ltd, which is waived by Zhejiang Zhonggong Machinery Co., Ltd in 2023;

2	Employee wages paid by Cenntro Smart Manufacturing Tech. Co., Ltd. on the Company’s behalf;

3	Temporary borrowings from Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership);

4	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;

5	Consulting fees payable to Hangzhou Jiuru Economic Information Consulting Co. Ltd; and

6	Payable to Peter Zuguang Wang for capital reduction due to the dissolution of Shanghai Hengyu on July 10, 2023.

Schedule of Due from Related Parties

	As of
	December 31,		December 31,
	2023		2022
Due from related parties-current:
Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership)		225,927		214,245
Cenntro Holding Limited	$	-	$	30,000,000
Total	$	225,927	$	30,214,245

	As of
	December 31,		December 31,
	2023		2022
Due from related parties-noncurrent:
Cenntro Holding Limited	$	-	$	6,455,662
Total	$	-	$	6,455,662

Schedule of Dividend Payment to Related Parties

A summary of dividend payment declared by Zhejiang Zhongchai to related parties for the years ended December 31, 2023 and 2022 are listed below:

	For the years ended December 31,
	2023		2022
Dividend payment to related parties:
Xinchang County Jiuxin Investment Management Partnership (LP)		208,524		-
Xinchang County Jiuhe Investment Management Partnership (LP)		495,071		-

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2023

Summary of Significant Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Principles of Consolidation

Use of Estimates

Non-controlling Interest

Foreign Currency Translation

The exchange rates used to translate amounts in RMB into USD for the purposes of preparing the audited consolidated financial statements or otherwise disclosed in this report were as follows:

	As of
	December 31, 2023		December 31, 2022
Period end RMB: US$ exchange rate		7.0999		6.8972

	For the years ended December 31,
	2023		2022
Period average RMB: US$ exchange rate		7.0809		6.7518

		From January 1, 2023 to July 10, 2023				For the year ended December 31, 2022
Period average RMB: US$ exchange rate			6.9402				6.7518

Cash and Cash Equivalents

Restricted Cash

Fair Value of Financial Instruments

●

Level 1—defined as observable inputs such as quoted prices in active markets for identical assets or liabilities;

●

Level 2—defined as inputs other than quoted prices in active markets, that are either directly or indirectly observable; and

●

Level 3—defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The following table summarizes the fair value measurements of assets and liabilities that are measured at fair value on a recurring basis at December 31, 2023:

(amount in absolute value)	Active Market for Identical Assets (Level 1)		Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total Carrying Value
Short term investment	$	2,818,068		-		-	$	2,818,068
Warrants liability		-		4,084,605		-		4,084,605

Total	$	2,818,068		4,084,605		-	$	6,902,673

Accounts Receivable and Allowance for Expected Credit Losses

Accounts receivable are stated at the historical carrying amount net of allowance for expected credit losses.

Inventories

Advance to Suppliers

Property, Plant, and Equipment

Depreciation is provided over their estimated useful lives, using the straight-line method. Estimated useful lives are as follows:

Plant, buildings and improvements		20 years
Machinery and equipment		2~10 years
Motor vehicles		4 years
Office equipment		3~5 years
Fixtures and decorations		5 years

Land Use Rights

Impairment of Long-Lived Assets

Lease

Revenue Recognition

The Company’s contracts are all short-term in nature with a contract term of one year or less. Receivables are recorded when the Company has an unconditional right to consideration.

The following table sets forth disaggregation of revenue:

	For the years ended December 31,
	2023		2022
Major Product
Transmission boxes for Forklift	$	85,925,302	$	80,220,000
Transmission boxes for Non-Forklift (EV, etc.)		4,407,938		10,610,674
Total	$	90,333,240	$	90,830,674

Cost of Goods Sold

Selling Expenses

Selling expenses include operating expenses such as payroll and traveling and transportation expenses.

General and Administrative Expenses

Research and Development

Government Subsidies

Income Taxes

Value-Added Tax

Statutory Reserve

Comprehensive Income (Loss)

Earnings per share

Segments and Related Information

Commitments and contingencies

Related Party

Uncertainty and risks

Political, social and economic risks

Currency Exchange Risk

Concentration of Credit Risk

Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash in bank and accounts receivable.

Warrants

The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in the ASC 480, Distinguishing Liabilities from Equity (“ASC 480”) and ASC 815, Derivatives and Hedging (“ASC 815”). Management’s assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, whether they meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own ordinary shares and whether the warrant holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period-end date while the warrants are outstanding.

Recently Issued Accounting Pronouncements

Recent accounting pronouncements that the Company has adopted or may be required to adopt in the future are summarized below:

Land Use Rights (Details) - Schedule of Land Use Rights - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Land Use Rights [Abstract]
Land use rights, cost	$ 4,333,386	$ 4,460,738
Less: Accumulated amortization	(884,881)	(821,671)
Land use rights, net	$ 3,448,505	$ 3,639,067

Other Long-Term Liabilities (Details) - Schedule of Other Long-Term Liabilities - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Other Long-Term Liabilities [Abstract]
Subsidy	$ 1,529,831	$ 1,812,759
Total	$ 1,529,831	$ 1,812,759

Property, Plant and Equipment (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2023 CNY (¥)
Property, Plant and Equipment (Details) [Line Items]
Depreciation expense amount	$ 2,030	$ 2,440
Cost of revenue	1,180	1,470
Loan facility with maximum exposure (in Yuan Renminbi) \| ¥			¥ 60,010
Construction in Progress [Member]
Property, Plant and Equipment (Details) [Line Items]
Construction in progress	0	$ 380
Buildings [Member]
Property, Plant and Equipment (Details) [Line Items]
Buildings for book value	$ 2,020		¥ 14,380

- Definition

The aggregate cost of goods produced and sold and services rendered during the reporting period.

+ References

+ Details

Notes Payable

12 Months Ended

Dec. 31, 2023

Notes Payable [Abstract]

NOTES PAYABLE

NOTE 11 – NOTES PAYABLE

	As of
	December 31, 2023		December 31, 2022
Bank acceptance notes	$	36,712,562	$	28,272,472
Total	$	36,712,562	$	28,272,472

The interest-free notes payable, ranging from six months to one year from the date of issuance, were secured by $5.21 million and $3.43 million restricted cash, $21.85 million and $15.51 million notes receivable, as of December 31, 2023 and 2022, respectively.

All the notes payable are subject to bank charges of 0.05% of the principal amount as commission, included in the financial expenses in the statement of operations, on each loan transaction. The interest charge of notes payable is free.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

Short Term Bank Loans (Details) - CNY (¥) ¥ in Thousands	12 Months Ended
Short Term Bank Loans (Details) - CNY (¥) ¥ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Short Term Bank Loans (Details) [Line Items]
Short term debt, terms	one
Annual interest rate, percentage	3.56%	4.10%
Loan facility with maximum exposure	¥ 60,010
Bank of Hangzhou [Member]
Short Term Bank Loans (Details) [Line Items]
Loan facility with maximum exposure	10,000
Bank of Zheshang [Member]
Short Term Bank Loans (Details) [Line Items]
Loan facility with maximum exposure	¥ 50,000

Inventories (Details) - Schedule of Inventories - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Inventories [Abstract]
Raw materials	$ 9,337,110	$ 7,975,097
Revolving material	1,143,558	1,122,313
Consigned processing material	60,754	15,056
Work-in-progress	2,501,368	2,255,453
Finished goods	12,192,937	12,104,309
Less: inventory impairment	(638,932)	(375,846)
Inventories, net	$ 24,596,795	$ 23,096,382

Short Term Bank Loans (Details) - Schedule of Short-Term Loans - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Short Term Bank Loans (Details) - Schedule of Short-Term Loans [Line Items]
Maturity Date
Short-term loans	$ 3,042,296	$ 8,986,255
Bank of Zheshang [Member]
Short Term Bank Loans (Details) - Schedule of Short-Term Loans [Line Items]
Maturity Date	Jul. 22, 2024
Type	Operating Loans
Bank Name	Bank of Zheshang
Interest Rate per Annum (%)	3.60%
Short-term loans	$ 1,352,132
Bank of Hangzhou [Member]
Short Term Bank Loans (Details) - Schedule of Short-Term Loans [Line Items]
Maturity Date	Jul. 25, 2024
Type	Operating Loans
Bank Name	Bank of Hangzhou
Interest Rate per Annum (%)	3.55%
Short-term loans	$ 1,408,470
Industrial and Commercial Bank of Xinchang [Member]
Short Term Bank Loans (Details) - Schedule of Short-Term Loans [Line Items]
Maturity Date	Feb. 22, 2024	Feb. 23, 2023
Type	Operating Loans	Operating Loans
Bank Name	Industrial and Commercial Bank of Xinchang	Industrial and Commercial Bank of Xinchang
Interest Rate per Annum (%)	3.45%	4.05%
Short-term loans	$ 281,694	$ 1,449,863
Agricultural Bank of PRC [Member]
Short Term Bank Loans (Details) - Schedule of Short-Term Loans [Line Items]
Maturity Date		Aug. 29, 2023
Type		Operating Loans
Bank Name		Agricultural Bank of PRC
Interest Rate per Annum (%)		3.85%
Short-term loans		$ 2,609,755
Bank of Communications [Member]
Short Term Bank Loans (Details) - Schedule of Short-Term Loans [Line Items]
Maturity Date		Jun. 29, 2023
Type		Operating Loans
Bank Name		Bank of Communications
Interest Rate per Annum (%)		3.85%
Short-term loans		$ 1,449,864
Bank of Ningbo [Member]
Short Term Bank Loans (Details) - Schedule of Short-Term Loans [Line Items]
Maturity Date		Jan. 30, 2023
Type		Operating Loans
Bank Name		Bank of Ningbo
Interest Rate per Annum (%)		1.12%
Short-term loans		$ 1,012,005
Rural Commercial Bank of Xinchang [Member]
Short Term Bank Loans (Details) - Schedule of Short-Term Loans [Line Items]
Maturity Date		Aug. 23, 2023
Type		Operating Loans
Bank Name		Rural Commercial Bank of Xinchang
Interest Rate per Annum (%)		3.85%
Short-term loans		$ 2,464,768

Leases (Details) - Schedule of Supplemental Balance Sheet - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Assets:
Operating lease right-of-use assets	$ 2,125,542	$ 2,627,110
Liabilities:
Current portion of operating lease liabilities	487,695	472,182
Long-term operating lease liabilities	1,684,614	2,176,130
Total operating lease liabilities	$ 2,172,309	$ 2,648,312
Lease term and discount rate
Weighted average remaining lease term (in years)	2 years 1 month 2 days	3 years 1 month 2 days
Weighted average discount rate	4.50%	4.30%

Fixed Deposit

12 Months Ended

Dec. 31, 2023

Other Non-current Assets [Abstract]

FIXED DEPOSIT

NOTE 10 – FIXED DEPOSIT

As of December 31, 2023 and 2022, fixed deposit consisted of the following:

	As of
	December 31, 2023		December 31, 2022
Three-year bank deposit	$	9,916,308	$	-
Total	$	9,916,308	$	-

All fixed deposit were deposited in local banks in the PRC and the deposit term is three years.

Land Use Rights (Details) - Schedule of Estimated Future Amortization Expense	Dec. 31, 2023 USD ($)
Schedule of Estimated Future Amortization Expense [Abstract]
2024	$ 86,900
2025	86,900
2026	86,900
2027	86,900
2028	86,900
Thereafter	3,014,005
Total	$ 3,448,505

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 22,981,324	$ 16,295,695
Restricted cash	5,208,063	3,433,361
Short Term Investment	2,818,068	7,800,723
Notes receivable, net	27,135,249	28,748,879
Accounts receivable, net	16,483,533	14,337,760
Inventories, net	24,596,795	23,096,382
Advance to suppliers	288,578	412,766
Prepayments and other current assets	53,204	1,568,687
Total Current Assets	99,790,741	125,908,498
Non-current asset
Property, plant, equipment and construction in progress, net	13,698,997	15,585,214
Land use rights, net	3,448,505	3,639,067
Other intangible assets	189,620	147,465
Long term investment		250,000
Deferred tax assets	256,556	219,207
Operating lease right-of-use assets	2,125,542	2,627,110
Fixed deposit	9,916,308
Other non-current assets	1,050,698	283,118
Total non-current assets	30,686,226	29,206,843
TOTAL ASSETS	130,476,967	155,115,341
Current Liabilities
Short-term bank loans	3,042,296	8,986,255
Notes payable-bank acceptance notes	36,712,562	28,272,472
Accounts payable	25,272,528	24,817,165
Taxes payables	758,307	192,478
Customer deposits	137,985	227,432
Other current liabilities	2,091,507	1,547,390
Current portion of operating lease liabilities	487,695	472,182
Total current liabilities	72,524,516	66,208,689
Long-term liabilities
Long term operating lease liabilities	1,684,614	2,176,130
Other long-term liabilities	1,529,831	1,812,759
Warrant liability	4,084,605	5,483,379
Total long-term liabilities	7,299,050	9,472,268
TOTAL LIABILITIES	79,823,566	75,680,957
COMMITMENTS AND CONTINGENCIES
Shareholders’ equity
Ordinary shares, no par value, unlimited shares authorized; 13,594,530 and 12,978,504 shares issued and outstanding as of December 31, 2023 and December 31, 2022.
Additional paid-in capital	30,286,560	30,286,560
Statutory reserves	3,842,331	3,842,331
Retained earnings	18,535,133	34,414,249
Accumulated other comprehensive income (loss)	(2,583,794)	(2,831,419)
Total shareholders’ equity	50,080,230	65,711,721
Non-controlling interest	573,171	13,722,663
TOTAL EQUITY	50,653,401	79,434,384
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	130,476,967	155,115,341
Related Party
Current assets
Due from related parties-current, net	225,927	30,214,245
Non-current asset
Due from related parties-non current, net		6,455,662
Current Liabilities
Due to related parties	$ 4,021,636	$ 1,693,315

Notes Receivable (Details) - USD ($) $ in Thousands	12 Months Ended
Notes Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Notes Receivable (Details) [Line Items]
Aggregate amount	$ 21,850	$ 15,510
Bank acceptance amount	$ 19,350	$ 13,270
Notes receivables [Member]
Notes Receivable (Details) [Line Items]
Maturity months	6 months

Accounts Receivable (Details) - Schedule of Changes in the Allowance for Expected Credit Losses - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Changes in the Allowance for Credit Losses [Abstract]
Beginning balance	$ 762,325	$ 859,319
Additional provision charged to expense	127,646	(32,316)
Effect of FX change	(22,106)	(64,678)
Ending balance	$ 867,865	$ 762,325

Property, Plant and Equipment (Details) - Schedule of Restricted assets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted assets	$ 2,024,994	$ 9,599,313
Buildings, net [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted assets	2,024,994	9,599,313
Machinery, net [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted assets

Commitments and Contingencies

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 22 – COMMITMENTS AND CONTINGENCIES

(b) Pledged collateral for bank loans

On December 23, 2020, Zhejiang Zhongchai signed a Maximum Amount Pledge Contract with ABC Xinchang, pledging its land use rights and property ownership as security to ABC Xinchang, for a loan facility with a maximum principal amount of US$9.62 million (RMB69.77 million) during the period from November 17, 2020 to November 16, 2023. As of December 31, 2023 and December 31, 2022, the outstanding amount of the short-term bank loan under this pledge contract was nil and US$2.61 million (RMB18.00 million), respectively.

On September 21, 2020, Zhejiang Zhongchai signed a Maximum Amount Pledge Contract with Rural Commercial Bank of PRC Co., Ltd., pledging its land use rights and property ownership as security, for a loan facility with a maximum principal amount of US$5.23 million (RMB37.95 million) during the period from September 21, 2020 to September 20, 2026. As of December 31, 2023 and December 31, 2022, the outstanding amount of the short-term bank loan under this pledge contract was nil and US$2.46 million (RMB17.00 million), respectively.

On June 27, 2022, Zhejiang Zhongchai signed a Maximum Amount Pledge Contract with Bank of Communications Co. LTD., pledging its land use rights and property ownership as security, for a loan facility with a maximum principal amount of US$8.28 million (RMB60.01 million) during the period from June 27, 2022 to June 26, 2027. As of December 31, 2023 and December 31, 2022, the outstanding amount of the short-term bank loan under this pledge contract was nil and US$1.45 million (RMB10.00 million), respectively.

(2) Facility Leases

Rent expense is recognized on a straight-line basis over the terms of the operating leases accordingly and the Company records the difference between cash rent payments and the recognition of rent expense as a deferred rent liability.

The following are the aggregate non-cancellable future minimum lease payments under operating and financing leases as of December 31, 2023:

For the years ending December 31,	Operating Leases
2024	$	585,127
2025		589,272
2026		606,354
2027		624,034
Total lease payments	$	2,404,787

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Summary of Significant Accounting Policies [Abstract]

Schedule of Gain or Loss on Foreign Currency Transaction

The exchange rates used to translate amounts in RMB into USD for the purposes of preparing the audited consolidated financial statements or otherwise disclosed in this report were as follows:

	As of
	December 31, 2023		December 31, 2022
Period end RMB: US$ exchange rate		7.0999		6.8972

	For the years ended December 31,
	2023		2022
Period average RMB: US$ exchange rate		7.0809		6.7518

		From January 1, 2023 to July 10, 2023				For the year ended December 31, 2022
Period average RMB: US$ exchange rate			6.9402				6.7518

Schedule of Fair Value Measurements of Assets And Liabilities that are Measured at Recurring Basis

The following table summarizes the fair value measurements of assets and liabilities that are measured at fair value on a recurring basis at December 31, 2023:

(amount in absolute value)	Active Market for Identical Assets (Level 1)		Observable Inputs (Level 2)		Unobservable Inputs (Level 3)		Total Carrying Value
Short term investment	$	2,818,068		-		-	$	2,818,068
Warrants liability		-		4,084,605		-		4,084,605

Total	$	2,818,068		4,084,605		-	$	6,902,673

Schedule of Estimated Useful Lives

Depreciation is provided over their estimated useful lives, using the straight-line method. Estimated useful lives are as follows:

Plant, buildings and improvements		20 years
Machinery and equipment		2~10 years
Motor vehicles		4 years
Office equipment		3~5 years
Fixtures and decorations		5 years

Schedule of Sets Forth Disaggregation of Revenue

The following table sets forth disaggregation of revenue:

	For the years ended December 31,
	2023		2022
Major Product
Transmission boxes for Forklift	$	85,925,302	$	80,220,000
Transmission boxes for Non-Forklift (EV, etc.)		4,407,938		10,610,674
Total	$	90,333,240	$	90,830,674

Accounts Payable

12 Months Ended

Dec. 31, 2023

Accounts Payable [Abstract]

ACCOUNTS PAYABLE

NOTE 12 – ACCOUNTS PAYABLE

Accounts payable are summarized as follow:

	As of
	December 31, 2023		December 31, 2022
Procurement of Materials	$	25,011,515	$	24,541,774
Infrastructure& Equipment		43,530		207,587
Freight fee		217,483		67,804
Total	$	25,272,528	$	24,817,165

Geographical Sales and Segments (Details)	12 Months Ended
Geographical Sales and Segments (Details)	Dec. 31, 2023
Geographical Sales and Segments [Abstract]
Reportable operating segment	1

Related Party Transactions (Details) - Schedule of Due from Related Parties - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership) [Member]
Due from related parties-current:
Due from related parties-current	$ 225,927	$ 214,245
Cenntro Holding Limited [Member]
Due from related parties-current:
Due from related parties-current		30,000,000
Due from related parties-noncurrent:
Due from related parties-noncurrent		6,455,662
Due from related parties-current [Member]
Due from related parties-current:
Due from related parties-current	225,927	30,214,245
Due from related parties-noncurrent [Member]
Due from related parties-noncurrent:
Due from related parties-noncurrent		$ 6,455,662

Inventories (Details) - Schedule of Inventory Reserve - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Inventory Reserve [Abstract]
Beginning balance	$ 375,846	$ 23,793
(Release of) inventory write-downs	271,233	359,534
Effect of FX change	(8,147)	(7,481)
Ending balance	$ 638,932	$ 375,846

Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Other Current Liabilities [Abstract]

Schedule of Other Current Liabilities

Other current liabilities are summarized as follow:

	As of
	December 31, 2023		December 31, 2022
Employee payables		807,615		747,923
Other tax payables		507,464		141,772
Other payable		115,443		88,403
Accrued expenses		660,985		569,292
Total	$	2,091,507	$	1,547,390

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 8 – PROPERTY, PLANT AND EQUIPMENT

(a) As of December 31, 2023 and 2022, property, plant and equipment consisted of the following:

	As of
	December 31, 2023			December 31, 2022
Buildings	$	11,444,906		$	11,781,256
Machinery		20,974,546			21,010,613
Motor vehicles		336,541			315,708
Electronic equipment		246,207			223,806
Fixed assets decoration*		-			-
Total property plant and equipment, at cost		33,002,200			33,331,383

Less: accumulated depreciation		(19,325,844	)		(17,763,247	)
Property, plant and equipment, net	$	13,676,356		$	15,568,136
Construction in process		22,641			17,078
Total	$	13,698,997		$	15,585,214

For the years ended December 31, 2023 and 2022, depreciation expense amounted to $2.03 million and $2.44 million, respectively, of which $1.18 million and $1.47 million, respectively, was included in cost of revenue and inventories, and the remainder was included in general and administrative expense, respectively.

The Company has not acquired any property and equipment under capital leases.

For the years ended December 31, 2023 and 2022, $0 million and $0.38 million of construction in progress were converted into fixed assets.

Restricted assets consist of the following:

	As of
	December 31, 2023		December 31, 2022
Buildings, net	$	2,024,994	$	9,599,313
Machinery, net		-		-
Total		2,024,994		9,599,313

As of December 31, 2023, the Company pledged its ownership interests in certain buildings for book value of RMB14.38 million ($2.02 million) as security with Communications Bank of PRC for its loan facility with maximum exposure of RMB60.01 million.

Summary of Significant Accounting Policies (Details) - Schedule of Gain or Loss on Foreign Currency Transaction	Dec. 31, 2023	Jul. 10, 2023	Dec. 31, 2022
Intercompany Foreign Currency Balance [Line Items]
Foreign currency exchange rate		6.9402	6.7518
Period end [Member]
Intercompany Foreign Currency Balance [Line Items]
Foreign currency exchange rate	7.0999		6.8972
Period average [Member]
Intercompany Foreign Currency Balance [Line Items]
Foreign currency exchange rate	7.0809		6.7518

Summary of Significant Accounting Policies (Details)	12 Months Ended
Summary of Significant Accounting Policies (Details)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 CNY (¥)	Dec. 31, 2022 USD ($)	Apr. 01, 2019	Apr. 30, 2018
Summary of Significant Accounting Policies [Line Items]
Advance to suppliers (in Dollars)	$ 290,000		$ 410,000
Straight-line method lease term	50 years	50 years
Total sales return amount	0.10%		0.00%
Total warrants expenditures amount	0.63%	0.63%	1.01%
Research and development costs (in Dollars)	$ 5,424,400		$ 5,786,946
Other long-term liabilities (in Dollars)	$ 1,530,000		1,810,000
Income tax rate	50.00%	50.00%
Owned foreign enterprise percentage	10.00%	10.00%
Registered capital percentage	50.00%	50.00%
Number of reporting segments	1	1
Ownership percentage	10.00%	10.00%
Insurance	$ 70,000	¥ 500,000
Bank account balance (in Dollars)	3,797,076		7,547,582
Deposit insurance (in Dollars)	250,000
Exceeding FDIC insurance (in Dollars)	250
PRC [Member]
Summary of Significant Accounting Policies [Line Items]
Insurance		¥ 500,000	70,000
Bank account balance (in Dollars)	$ 33,033,191		$ 11,131,825
Minimum [Member]
Summary of Significant Accounting Policies [Line Items]
Office leases term	3 years	3 years
Interest rate percentage				13.00%	16.00%
Minimum [Member] \| PRC [Member]
Summary of Significant Accounting Policies [Line Items]
Interest rate percentage				13.00%	16.00%
Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Office leases term	5 years 6 months	5 years 6 months
Interest rate percentage					17.00%
Maximum [Member] \| PRC [Member]
Summary of Significant Accounting Policies [Line Items]
Interest rate percentage					17.00%

Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives	Dec. 31, 2023
Plant, buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Machinery and equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Machinery and equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	4 years
Office equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Office equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Fixtures and decorations [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years

Income Taxes (Details) - Schedule of Income Tax Expense - PRC [Member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Taxes (Details) - Schedule of Income Tax Expense [Line Items]
Current income tax	$ 1,757,948	$ 789,950
Deferred income tax	(49,686)	(90,259)
Total Income tax	$ 1,708,262	$ 699,691

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income Taxes (Details) - Schedule of Deferred Tax Assets - CHINA - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Income Taxes (Details) - Schedule of Deferred Tax Assets [Line Items]
Allowance	$ 5,870,437	$ 163,710
Accrued expense	72,512	55,497
Net operating losses carried forward in the PRC	234,833	207,256
Net operating losses carried forward in the U.S.	1,488,696	689,694
Net operating losses carried forward in the HK	153,317
Totals	7,819,795	1,116,157
Less: Valuation allowance	(7,563,239)	(896,950)
Deferred tax assets, net	$ 256,556	$ 219,207

Shareholder’s Equity

12 Months Ended

Dec. 31, 2023

Shareholder’s Equity [Abstract]

SHAREHOLDER’S EQUITY

NOTE 18 – SHAREHOLDER’S EQUITY

Preferred Shares — The Company is authorized to issue an unlimited number of no par value preferred shares, divided into five classes, Class A through Class E, each with such designation, rights and preferences as may be determined by a resolution of the Company’s board of directors to amend the Memorandum and Articles of Association to create such designations, rights and preferences. The Company has five classes of preferred shares to give the Company flexibility as to the terms on which each class is issued. All shares of a single class must be issued with the same rights and obligations. Accordingly, starting with five classes of preferred shares will allow the Company to issue shares at different times on different terms. As of December 31, 2023 and December 31, 2022, the Company had no preferred shares designated, issued or outstanding.

Ordinary Shares — The Company is authorized to issue an unlimited number of no par value ordinary shares. Holders of the Company’s ordinary shares are entitled to one vote for each share. As of December 31, 2023 and December 31, 2022, there were 13,594,530 and 12,978,504 ordinary shares issued and outstanding, respectively.

Warrants — Redeemable warrants sold as part of the units in the Company initial public offering, or the Public Warrants (together with the Private Warrants (as defined below), the “Warrants”), may only be exercised for a whole number of shares. No fractional shares will be issued upon exercise of the Public Warrants. The Public Warrants have been exercisable since October 24, 2019. No Public Warrants will be exercisable for cash unless the Company has an effective and current registration statement covering the ordinary shares issuable upon exercise of the Public Warrants and a current prospectus relating to such ordinary shares. Notwithstanding the foregoing, if a registration statement covering the ordinary shares issuable upon the exercise of the Public Warrants is not effective within 90 days from the consummation of a Business Combination, the holders may, until such time as there is an effective registration statement and during any period when the Company shall have failed to maintain an effective registration statement, exercise the Public Warrants on a cashless basis pursuant to an available exemption from registration under the Securities Act of 1933, as amended. If an exemption from registration is not available, holders will not be able to exercise their Public Warrants on a cashless basis. The Public Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or liquidation.

The Company may call the warrants for redemption (excluding the Private Warrants (as defined below)), in whole and not in part, at a price of $0.01 per warrant:

●

At any time while the Public Warrants are exercisable,

●

Upon not less than 30 days’ prior written notice of redemption to each Public Warrant holder,

●

If, and only if, the reported last sale price of the ordinary shares equals or exceeds $16.50 per share, for any 20 trading days within a 30 trading day period ending on the third trading day prior to the notice of redemption to Public Warrant holders, and

●

If, and only if, there is a current registration statement in effect with respect to the ordinary shares underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption.

If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise price and number of ordinary shares issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuances of ordinary shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrants. Accordingly, the warrants may expire worthless.

Private warrants include (i) the 282,000 warrants underlying the units issued to the Sponsor and Chardan in a private placement in connection with our initial public offering (“Private Unit Warrants”), and (ii) 120,000 warrants held by Chardan upon the exercise of its unit purchase option to purchase 120,000 units in March 2021 (“Option Warrants,” together with Private Unit Warrants, the “Private Warrants”). The Private Warrants are identical to the Public Warrants underlying the units sold in the Initial Public Offering, except that the Private Warrants and the ordinary shares issuable upon the exercise of the Private Warrants are not transferable, assignable or saleable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Warrants are exercisable on a cashless basis and are non-redeemable so long as they are held by the initial purchasers or their permitted transferees. If the Private Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants.

On July 25, 2022, the Company issued to an investor a warrant to purchase up to 4,530,000 ordinary shares at an exercise price of $4.49 per share. The warrant became exercisable on January 27, 2023 and will expire on January 26, 2028.

On August 26, 2022, the Company issued to investors in a private placement warrants to purchase up to 616,026 shares of ordinary shares at an exercise price of $4.17. The warrant became exercisable on January 27, 2023 and valid for sixty months. On May 8, 2023, the investors chose to cashless exercise all their warrants for a total of 616,026 ordinary shares.

As of December 31, 2023, there were a total of 4,705,312 Warrants outstanding, including 4,303,312 Public Warrants held by CEDE & CO, and 142,000 and 260,000 Private Warrants held by Chardan and the Sponsor, respectively.

Unit Purchase Option

On July 27, 2018, the Company sold to Chardan (and its designees), for $100, an option to purchase up to 240,000 units exercisable at $11.50 per unit (or an aggregate exercise price of $2,760,000), commencing on the consummation of the Business Combination. The unit purchase option may be exercised for cash or on a cashless basis, at the holder’s option, and expired on July 24, 2023. The units issuable upon exercise of the option are identical to those offered in the initial public offering. The Company accounted for the unit purchase option, inclusive of the receipt of $100 cash payment, as an expense of the initial public offering resulting in a charge directly to shareholders’ equity. The option and such units purchased pursuant to the option, as well as the ordinary shares underlying such units, the rights included in such units, the ordinary shares that are issuable for the rights included in such units, the warrants included in such units, and the shares underlying such warrants, have been deemed compensation by FINRA and are therefore subject to a 180-day lock-up pursuant to Rule 5110(g) (1) of FINRA’s Nasdaq Conduct Rules. Additionally, the option may not be sold, transferred, assigned, pledged or hypothecated for a one-year period (including the foregoing 180-day period) following the date of initial public offering except to any underwriter and selected dealer participating in the initial public offering and their bona fide officers or partners. The option grants to holders demand and “piggy back” rights for periods of five and seven years, respectively, from the effective date of the registration statement with respect to the registration under the Securities Act of 1933, as amended, of the securities directly and indirectly issuable upon exercise of the option. The Company will bear all fees and expenses attendant to registering the securities, other than underwriting commissions which will be paid for by the holders themselves. The exercise price and number of units issuable upon exercise of the option may be adjusted in certain circumstances including in the event of a stock dividend, or the Company’s recapitalization, reorganization, merger or consolidation. However, the option will not be adjusted for issuances of ordinary shares at a price below its exercise price. As of December 31, 2023, no unit purchase option exercisable by Chardan is outstanding.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Organization and Principal Activities (Details)					12 Months Ended
Organization and Principal Activities (Details)	Dec. 29, 2021 CNY (¥)	Nov. 01, 2017 CNY (¥)	Apr. 26, 2010 USD ($)	Apr. 05, 2007 USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 16, 2009
Organization and Principal Activities [Line Items]
Transmission product sale of sets					149,543	129,686
Electric industrial vehicles, description					HEVI’s electric industrial vehicle products currently include GEF-series electric forklifts, a series of lithium powered forklifts with three models ranging in size from 1.8 tons to 3.5 tons, GEL-1800, a 1.8 ton rated load lithium powered electric wheeled front loader, GEX-8000, an all-electric 8.0 ton rated load lithium powered wheeled excavator, and GEL-5000, an all-electric 5.0 ton rated load lithium wheeled front loader. In addition, HEVI introduced a line of mobile DC battery chargers that support DC powered EV applications in the North America market. These products are available for purchase in the United States (“U.S.”) market. In August 2022, Greenland launched a 54,000 square foot industrial electric vehicle assembly site in Baltimore, Maryland to support local services, assembly and distribution of its electric industrial heavy equipment products line.
Percentage of outstanding ordinary shares					45.69%
Percentage of equity interest				75.4717%
Consideration value (in Dollars)			$ 2,600,000
Zhejiang Zhongchai Machinery Co., Ltd. [Member]
Organization and Principal Activities [Line Items]
Percentage of outstanding ordinary shares					71.576%
Hangzhou Greenland Energy Technologies Co., Ltd [Member]
Organization and Principal Activities [Line Items]
Percentage of outstanding ordinary shares					100.00%
Hengyu Capital, Ltd. [Member]
Organization and Principal Activities [Line Items]
Percentage of outstanding ordinary shares					62.50%
Zhejiang Zhongchai [Member]
Organization and Principal Activities [Line Items]
Purchase of equity	¥ 34,300,000	¥ 31,590,000		$ 8,000,000
Percentage of equity interest	20.00%	10.53%
Zhongchai Holding [Member]
Organization and Principal Activities [Line Items]
Percentage of equity interest					71.576%
Jiuxin [Member]
Organization and Principal Activities [Line Items]
Percentage of equity interest					8.424%
Jiuhe [Member]
Organization and Principal Activities [Line Items]
Percentage of equity interest					20.00%
Zhongchai Holdings [Member]
Organization and Principal Activities [Line Items]
Percentage of equity interest transferred							75.4717%
Xinchang County Keyi Machinery Co., Ltd. [Member]
Organization and Principal Activities [Line Items]
Percentage of equity interest transferred			24.5283%

Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2019
Related Party Transactions (Details) [Line Items]
Dividend payment	$ 7,600		$ 1,340
Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership) [Member]
Related Party Transactions (Details) [Line Items]
Annual interest rate	4.785%
Cenntro Holding Limited [Member]
Related Party Transactions (Details) [Line Items]
Other receivables	$ 34,460	$ 36,460
Other receivable, net	0	36,460
Zhuhai Hengzhong Industrial Investment Fund (Limited Partnership) [Member]
Related Party Transactions (Details) [Line Items]
Other receivables	$ 230	$ 210

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2023
Auditor [Table]
Auditor Name	WWC, P.C.
Auditor Firm ID	1171
Auditor Location	San Mateo, California

Other Long-Term Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Other Long-Term Liabilities [Abstract]

Schedule of Other Long-Term Liabilities

Other long-term liabilities are summarized as follow:

	As of
	December 31, 2023		December 31, 2022
Subsidy		1,529,831		1,812,759
Total	$	1,529,831	$	1,812,759

Other Current Liabilities

12 Months Ended

Dec. 31, 2023

Other Current Liabilities [Abstract]

OTHER CURRENT LIABILITIES

NOTE 14 – OTHER CURRENT LIABILITIES

Other current liabilities are summarized as follow:

	As of
	December 31, 2023		December 31, 2022
Employee payables		807,615		747,923
Other tax payables		507,464		141,772
Other payable		115,443		88,403
Accrued expenses		660,985		569,292
Total	$	2,091,507	$	1,547,390

Fixed Deposit (Tables)

12 Months Ended

Dec. 31, 2023

Other Non-current Assets [Abstract]

Schedule of Fixed Deposit

As of December 31, 2023 and 2022, fixed deposit consisted of the following:

	As of
	December 31, 2023		December 31, 2022
Three-year bank deposit	$	9,916,308	$	-
Total	$	9,916,308	$	-

Accounts Payable (Details) - Schedule of Accounts Payable - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Accounts Payable (Details) - Schedule of Accounts Payable [Line Items]
Total accounts payable	$ 25,272,528	$ 24,817,165
Procurement of Materials [Member]
Accounts Payable (Details) - Schedule of Accounts Payable [Line Items]
Total accounts payable	25,011,515	24,541,774
Infrastructure& Equipment [Member]
Accounts Payable (Details) - Schedule of Accounts Payable [Line Items]
Total accounts payable	43,530	207,587
Freight fee [Member]
Accounts Payable (Details) - Schedule of Accounts Payable [Line Items]
Total accounts payable	$ 217,483	$ 67,804