0001193125-26-395514 | 6-K | XBRL Viewer

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Changes in Shareholders' Equity - Schedule of Changes in Shareholders' Equity (Details) - USD ($)		6 Months Ended
	Feb. 02, 2026	Jun. 30, 2026	Jun. 30, 2025
Class of Stock [Line Items]
Beginning balance		$ 17,866,355	$ 29,508,884
Net loss attributable to the Company		(11,126,180)	(7,338,130)
Share-based compensation		741,506	2,903,701
Share issuance upon followed-up offering, net of issuance costs of US$894,379		3,480,622
Foreign currency translation adjustment, net of income taxes		(524,335)	(52,090)
Ending balance		10,437,968	25,022,365
Additional Paid-in Capital
Class of Stock [Line Items]
Beginning balance		100,820,027	79,883,038
Share-based compensation		741,506	2,903,701
Issuance of escrowed reserve shares under the ATM Program		(3,400)
Share issuance from vest of restricted shares units		(196)
Share issuance upon followed-up offering, net of issuance costs of US$894,379		3,477,822
Ending balance		105,035,759	82,786,739
Accumulated Other Comprehensive Income
Class of Stock [Line Items]
Beginning balance		1,893,379	1,975,487
Foreign currency translation adjustment, net of income taxes		(524,335)	(52,090)
Ending balance		1,369,044	1,923,397
Accumulated Deficit
Class of Stock [Line Items]
Beginning balance		(84,876,067)	(52,373,422)
Net loss attributable to the Company		(11,126,180)	(7,338,130)
Ending balance		$ (96,002,247)	(59,711,552)
Class A Ordinary Shares
Class of Stock [Line Items]
Beginning balance, shares		2,160,310,915
Share issuance upon followed-up offering, net of issuance costs of US$894,379, shares	340,000,000	340,000,000
Ending balance, shares		2,799,892,915
Class A Ordinary Shares \| Ordinary Shares
Class of Stock [Line Items]
Beginning balance		$ 21,603	$ 16,368
Beginning balance, shares		2,160,310,915	1,636,807,084
Issuance of escrowed reserve shares under the ATM Program, shares		340,000,000
Issuance of escrowed reserve shares under the ATM Program		$ 3,400
Share issuance from vest of restricted shares units, shares		19,582,000
Share issuance from vest of restricted shares units		$ 196
Share issuance upon followed-up offering, net of issuance costs of US$894,379, shares		280,000,000
Share issuance upon followed-up offering, net of issuance costs of US$894,379		$ 2,800
Ending balance		$ 27,999	$ 16,368
Ending balance, shares		2,799,892,915	1,636,807,084
Class B Ordinary Shares
Class of Stock [Line Items]
Beginning balance, shares		741,254,447
Ending balance, shares		741,254,447
Class B Ordinary Shares \| Ordinary Shares
Class of Stock [Line Items]
Beginning balance		$ 7,413	$ 7,413
Beginning balance, shares		741,254,447	741,254,447
Ending balance		$ 7,413	$ 7,413
Ending balance, shares		741,254,447	741,254,447

Prepayments and Other Assets - Summary of Prepayments and Other Assets (Parenthetical) (Details) ¥ in Millions	Jun. 02, 2026 CNY (¥)	Jun. 02, 2026 USD ($)	Nov. 28, 2025 CNY (¥)	Nov. 28, 2025 USD ($)	Nov. 24, 2025 CNY (¥)	Nov. 24, 2025 USD ($)
Prepayments and Other Assets [Line Items]
Loan agreement with third party					¥ 0.2	$ 31,000
Interest rate					3.91%	3.91%
X-Charge Technology
Prepayments and Other Assets [Line Items]
Loan agreement with third party	¥ 0.2	$ 29,500	¥ 4.3	$ 600,000
Interest rate	3.50%	3.50%	3.50%	3.50%

- Definition

Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
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-Paragraph 1
-Subparagraph (SX 210.5-02(22)(a)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480657/210-10-S50-9

Reference 6: http://www.xbrl.org/2003/role/exampleRef
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-Section 55
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482900/835-30-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
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-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-6

+ Details

Accounts Receivable, Net

6 Months Ended

Jun. 30, 2026

Receivables [Abstract]

Accounts Receivable, Net

ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consisted of the following:


	As of December 31,			As of June 30,
	2025			2026
	US$			US$
Accounts receivable		8,015,176			7,629,555
Allowance for expected credit losses		(1,009,780	)		(1,176,721	)
Accounts Receivable, net		7,005,396			6,452,834

The movements of the allowance for doubtful accounts were as follows:


	As of December 31,			As of June 30,
	2025			2026
	US$			US$
Balance at the beginning of the year/period		(650,396	)		(1,009,780	)
Provision for expected credit losses		(425,835	)		(415,718	)
Reversal of expected credit losses		98,045			259,286
Foreign currency translation		(31,594	)		(10,509	)
Balance at the end of the year/period		(1,009,780	)		(1,176,721	)

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2026

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Basis of presentation

The accompanying unaudited condensed consolidated financial statements of XCHG Limited (“the Company”), its wholly-owned subsidiaries (collectively referred to as “the Group”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted as permitted by rules and regulations of the U.S. Securities and Exchange Commission. The consolidated balance sheet as of December 31, 2025 was derived from the audited consolidated financial statements of the Group. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company as of and for the year ended December 31, 2025, which are included in the Annual Report on Form 20F.

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the financial position as of June 30, 2026, the results of operations and cash flows for the six months ended June 30, 2025 and 2026, have been made.

The preparation of the unaudited condensed consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, related disclosures of contingent assets and liabilities at the balance sheet date, and the reported revenues and expenses during the reported periods. Significant accounting estimates include, but not limited to, allowance for credit losses, write downs for excess and obsolete inventories, the realization of deferred income tax assets and the fair value of ordinary shares, redeemable preference shares and convertible debts. Changes in facts and circumstances may result in revised estimates. Actual results could differ from those estimates, and as such, differences may be material to the unaudited condensed consolidated financial statements.

The accompanying unaudited condensed consolidated financial statements have been prepared assuming the Group will continue as a going concern. The going concern assumption contemplates the realization of assets and satisfaction of liabilities in the normal course of business.

The Group is evaluating strategies to obtain additional funding for future operations. These strategies may include, but are not limited to, obtaining equity financing, issuing debt or entering into other financing arrangements and obtaining agreements with the existing investors to extend the due dates for outstanding debt. However, the Group may be unable to access to future equity or debt financing when needed. As such, there can be no assurance that the Group will be able to obtain additional liquidity when needed or under acceptable terms, if at all.

The unaudited condensed consolidated financial statements do not include any adjustments to the carrying amounts and classification of assets, liabilities, and reported expenses that may be necessary if the Group were unable to continue as a going concern.

(b) Concentration of risk

Concentration of customers and suppliers

Customers from whom individually represent greater than 10% of total revenues of the Group for the six months ended June 30, 2025 and 2026 are as follows.


	For the Six Months ended June 30,
	2025					2026
	US$		%			US$		%
Customer A	*		*				2,165,662		21	%
Customer B	*		*				1,084,000		11	%
Customer C		1,389,443		11	%	*		*
Customer D		1,281,392		10	%	*		*

Suppliers from whom individually represent greater than 10% of total purchases of the Group for the six months ended June 30, 2025 and 2026 are as follows.


	For the Six Months ended June 30,
	2025					2026
	US$		%			US$		%
Supplier A		660,265		11	%		1,032,065		11	%
Supplier B		820,419		13	%	*		*
Supplier C		786,562		12	%	*		*
Supplier D		725,198		12	%	*		*

Customers accounting for 10% or more of accounts receivable, net are as follows:


	As of December 31,					As of June 30,
	2025					2026
	US$		%			US$		%
Customer A	*		*				2,988,337		46	%
Customer E		1,224,249		17	%	*		*

Customers accounting for 10% or more of contract liabilities are as follows:


	As of December 31,		As of June 30,
	2025		2026
	US$	%	US$		%
Customer F	*	*		2,276,250		35	%
Customer G	660,000	16%		660,000		10	%

Suppliers accounting for 10% or more of accounts payable are as follows:


	As of December 31,					As of June 30,
	2025					2026
	US$		%			US$		%
Supplier A		1,612,153		24	%		1,807,541		22	%
Supplier E	*		*				1,075,283		13	%
Supplier C		1,119,645		17	%	*		*
Supplier D	687,776		10%			*		*

Suppliers accounting for 10% or more of prepayments are as follows:


	As of December 31,					As of June 30,
	2025					2026
	US$		%			US$		%
Supplier B		625,654		20	%		654,399		29	%
Supplier F		1,789,478		56	%	559,010			34	%

* The amount was less than 10% of total sales, total purchases or total balance.

Concentration of credit risk

Cash and cash equivalents consisted of cash on hand, cash at bank and term deposits, which have original maturities of three months or less and are readily convertible to known amounts of cash. The Group’s cash and cash equivalents, excluding cash on hand, are deposited in financial institutions at below locations:


	As of December 31,		As of June 30,
	2025		2026
	US$		US$
Financial institutions in the mainland of the PRC
—Denominated in RMB		1,827,969		294,013
—Denominated in USD		7,400		283,676
—Denominated in EUR		1,574,250		29,070
Total cash and cash equivalents balances held at mainland PRC financial institutions		3,409,619		606,759
Financial institution in Germany
—Denominated in EUR		1,833,658		539,112
Total cash balances held at a Germany financial institution		1,833,658		539,112
Financial institutions in the USA
—Denominated in USD		6,141,320		7,703,724
Total cash balances held at a USA financial institution		6,141,320		7,703,724
Total cash and cash equivalents balances held at financial institutions		11,384,597		8,849,595

Newly adopted accounting pronouncements

In July 2025, the FASB issued ASU 2025-05 — Financial Instruments — Credit Losses (Topic 326). The amendments in this Update provide (1) all entities with a practical expedient and (2) entities other than public business entities with an accounting policy election when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Topic 606. An entity that elects the practical expedient and the accounting policy election, if applicable, should apply the amendments in this Update prospectively. The amendments will be effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. Early adoption is permitted in both interim and annual reporting periods in which financial statements have not yet been issued or made available for issuance. The Group adopted ASU 2025-05 effective January 1, 2026 on a prospective basis and elected the practical expedient. The adoption did not have a material impact on the Group's unaudited condensed consolidated financial statements and related disclosures.

Recent accounting pronouncements not yet adopted

In November 2024, the FASB issued ASU No. 2024-03, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (“ASU 2024-03”), and in January 2025, the FASB issued ASU No. 2025-01, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date (“ASU 2025-01”). ASU 2024-03 requires additional disclosure of the nature of expenses included in the income statement as well as disclosures about specific types of expenses included in the expense captions presented in the income statement. ASU 2024-03, as clarified by ASU 2025-01, is effective for annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. Both early adoption and retrospective application are permitted. The Group is currently evaluating the impact of this accounting standard update on its consolidated financial statements and related disclosures.

In December 2025, the FASB issued ASU No. 2025-10, Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities. The amendments in this update establish authoritative guidance on the recognition, measurement, presentation, and disclosure of government grants. For public business entities, this update is effective for annual periods beginning after December 15, 2028, including interim periods within those annual reporting years. For all other entities, the amendments are effective for annual reporting periods beginning after December 15, 2029. Early adoption is permitted for all entities. The Company is currently evaluating the impact that the adoption of this standard will have on its consolidated financial statements and related disclosures.

In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Improvements to Interim Disclosure Requirements (“ASU 2025-11”). The amendments clarify disclosure requirements for interim financial statements. For public business entities, the amendments are effective for interim reporting periods within annual reporting periods beginning after December 15, 2027. For all other entities, the amendments are effective for interim reporting periods within annual reporting periods beginning after December 15, 2028. Early adoption is permitted for all entities. The Company is currently evaluating the impact of this accounting standard update on its consolidated financial statements and related disclosures.

Loss Per Share - Summary Loss Per Share (Details) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Numerator:
Net loss attributable to the Company	$ (11,126,180)	$ (7,338,130)
Denominator:
Weighted average number of vested restricted share units	207,102,641	166,547,658
Denominator used in computing loss per share - basic	3,128,519,848	2,544,609,189
Denominator used in computing loss per share - diluted	3,128,519,848	2,544,609,189
Class A and Class B Ordinary Shares
Numerator:
Net loss attributable to ordinary share of the Company - basic	$ (11,126,180)	$ (7,338,130)
Net loss attributable to ordinary share of the Company - diluted	$ (11,126,180)	$ (7,338,130)
Denominator:
Weighted average number of ordinary shares outstanding	2,921,417,207	2,378,061,531
Denominator used in computing loss per share - basic	3,128,519,848	2,544,609,189
Denominator used in computing loss per share - diluted	3,128,519,848	2,544,609,189
Loss per ordinary share - basic	$ (0.004)	$ (0.003)
Loss per ordinary share - diluted	$ (0.004)	$ (0.003)

Related Party Balance And Transactions - Schedule of Balance of Amounts Due to a Related Party (Details) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Related Party Transaction [Line Items]
Total	$ 159,996	$ 164,046
Shenzhen Zhichong
Related Party Transaction [Line Items]
Total	$ 159,996	$ 164,046

- 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
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-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(7)(e)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 970
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-Name Accounting Standards Codification
-Section 45
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
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Reference 12: 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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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

+ Details

Subsequent Events - Additional Information (Details) - Subsequent Event	Aug. 21, 2026	Aug. 20, 2026
American Depositary Shares
Subsequent Event [Line Items]
Share conversion ratio	0.05
Class A Ordinary Shares
Subsequent Event [Line Items]
Share conversion ratio	800	40
Restricted Shares Units \| 2023 Share Incentive Plan II \| American Depositary Shares
Subsequent Event [Line Items]
Share conversion ratio	0.05
Restricted Shares Units \| 2023 Share Incentive Plan II \| Class A Ordinary Shares
Subsequent Event [Line Items]
Share conversion ratio	800	40

Property and Equipment, Net - Summary of Property Plant and Equipment (Details) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Property, Plant and Equipment [Line Items]
Property and Equipment	$ 4,169,427	$ 3,861,479
Less: Accumulated depreciation	(2,160,991)	(1,889,083)
Property and Equipment, net	2,008,436	1,972,396
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Property and Equipment	369,766	356,946
EV Chargers
Property, Plant and Equipment [Line Items]
Property and Equipment	1,877,966	1,845,556
Office and Electronic Equipment
Property, Plant and Equipment [Line Items]
Property and Equipment	770,462	665,570
Software
Property, Plant and Equipment [Line Items]
Property and Equipment	19,438	18,764
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Property and Equipment	810,301	782,207
Constructions in Progress
Property, Plant and Equipment [Line Items]
Property and Equipment	$ 321,494	$ 192,436

Accrued Expenses and Other Current Liabilities

6 Months Ended

Jun. 30, 2026

Accrued Liabilities and Other Liabilities [Abstract]

Accrued Expenses and Other Current Liabilities

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consisted of the following:


	As of December 31,		As of June 30,
	2025		2026
	US$		US$
Accrued payroll and social insurance		2,938,321		2,531,628
Cash collected on behalf of the customers(a)		53,683		105,434
Other taxes payable		540,679		597,556
Accrued follow-up offering cost		522,813		478,198
Accrued service expenses		403,298		979,196
Interest payable to investors		825,081		969,898
Others(b)		229,529		406,408
Accrued Expenses and Other Current Liabilities		5,513,404		6,068,318

The Group collects the EV charging considerations from end users on behalf of certain customers and pays to these customers on a regular basis.

Others as of December 31, 2025 and June 30, 2026 mainly included accrued warranty and other payable.

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2026
Subsequent Events [Abstract]
Subsequent Events	18. SUBSEQUENT EVENTS On August 19, 2026, the Company announced that it will change the ratio (the “ADS Ratio”) of its American depositary shares (“ADSs”) to its Class A ordinary shares from the ratio of one (1) ADS representing forty (40) Class A ordinary shares to one (1) ADS representing eight hundred (800) Class A ordinary shares (the “ADS Ratio Change”). For the Company’s ADS holders, the ADS Ratio Change will have the same effect as a one-for-twenty (20) reverse ADS split. The ADS Ratio Change does not change the number of the Company’s issued and outstanding ordinary shares, the par value per share, or any amounts recognized in these unaudited condensed consolidated financial statements, and accordingly has no impact on the loss per ordinary share for any period presented. The numbers of ADSs and the per-ADS amounts disclosed in the share-based compensation note (the 2023 Share Incentive Plan II and the 2026 Share Incentive Plan) have been retroactively adjusted to reflect the ADS Ratio Change for all periods presented.

Prepayments and Other Assets (Tables)

6 Months Ended

Jun. 30, 2026

Prepayments and Other Assets [Abstract]

Summary of Prepayments and Other Assets

Prepayments and other current assets consisted of the following:


	As of December 31,		As of June 30,
	2025		2026
	US$		US$
Advances to suppliers		1,042,917		1,016,075
Deductible input VAT		527,286		520,387
Deferred financing costs(a)		1,097,980		454,489
Receivables from third party payment platforms		8,030	-
Prepayment to service vendors(b)		1,900,158		725,303
Loans to third parties(c)		824,694		891,414
Others(d)		557,724		516,832
Prepayments and Other Assets		5,958,789		4,124,500
Less: Other Non-Current Assets		1,711,830		1,101,478
Prepayments and Other Current Assets		4,246,959		3,023,022

Deferred financing costs as of December 31, 2025 consisted of direct costs incurred by the Group in connection with the follow-up offering and the ATM program (as defined in note 10). On June 29, 2026, the Company completed the follow-up offering. Accordingly, the direct costs related to the follow-up offering were offset against the gross proceeds received from the offering. As of June 30, 2026, the remaining deferred financing costs related primarily to the ATM program. Such costs were classified as a non-current asset as of both December 31, 2025 and June 30, 2026.

Prepayment to service vendors primarily consist of advance payments for outsourcing core hardware development and market promotion services.

Loans to third parties consisted of the following: (i) On November 24, 2025, the Company entered into a loan agreement with an individual third party to provide a loan of RMB 0.2 million (approximately US$31.0 thousand). The loan bears interest at a floating rate equal to 3.91% per annum and matures twelve months from the effective date; (ii) On November 28, 2025, X-Charge Technology entered into a loan agreement with a third-party entity to provide a loan of RMB 4.3 million (approximately US$0.6 million). The loan bears interest at 3.5% per annum and matures two years from the disbursement date. As the loan matures more than twelve months from each of the balance sheet date, it was classified as a non-current asset; (iii) On June 2, 2026, X-Charge Technology entered into a loan agreement with a third-party entity to provide a loan of RMB 0.2 million (approximately US$29.5 thousand). The loan bears interest at 3.5% per annum and matures twelve months from the effective date.

Others mainly include staff advances and deposits.

Accounts Receivable, Net - Schedule of Allowance for Doubtful Accounts (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2026	Dec. 31, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at the beginning of the year	$ (1,009,780)	$ (650,396)
Provision for expected credit losses	(415,718)	(425,835)
Reversal of expected credit losses	259,286	98,045
Foreign currency translation	(10,509)	(31,594)
Balance at the beginning of the year/period	$ (1,176,721)	$ (1,009,780)

Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Summary of Loss Per Share

For the purpose of calculating loss per share, the number of shares used in the calculation reflects the outstanding shares of the Company as if the Restructuring took place at the earliest period presented.


	For the Six Months Ended June 30,
	2025			2026
	US$			US$
Loss per share—basic and diluted:
Numerator:
Net loss attributable to Class A and Class B ordinary share of the Company —basic and diluted		(7,338,130	)		(11,126,180	)
Denominator:
Weighted average number of Class A and Class B ordinary shares outstanding (a)(b)		2,378,061,531			2,921,417,207
Weighted average number of vested restricted share units		166,547,658			207,102,641
Denominator used in computing loss per share—basic and diluted (c)		2,544,609,189			3,128,519,848
Loss per Class A and Class B ordinary share—basic and diluted (US$)		(0.003	)		(0.004	)

Summary of Ordinary Shares Equivalents Excluded from the Computation to Eliminate Antidilutive Effect

The following ordinary shares equivalents were excluded from the computation to eliminate any antidilutive effect:


	As of June 30,
	2025		2026
Financial liability (d)		6,892,767		10,385,182

The Company has a dual-class share structure, with each Class A ordinary share carrying 1 vote and each Class B ordinary share carrying 10 votes. All share classes enjoy equal rights to dividends; therefore, the allocation of net profits is independent of voting rights.

The 340,000,000 Class A ordinary shares (8,500,000 ADSs) issued to the depositary bank as reserve shares under the ATM Program were held in escrow and unsold as of June 30, 2026. As these shares are not considered outstanding for accounting purposes, they have been excluded from the denominator used to compute both basic and diluted net loss per ordinary share for all periods presented (see Note 10).

Vested but unregistered restricted share units are included in the denominator of basic loss per share calculation once there were no further vesting conditions or contingencies associated with them, as they are not considered contingently issuable shares. Accordingly, the weighted average number of shares of 166,547,658 and 207,102,641 are related to these restricted

share units are included in the denominator for the computation of basic EPS for the six months ended June 30, 2025 and 2026, respectively.

The warrants represent 0.2898% of the Company's equity interest as of June 30, 2025 and 2026, respectively, calculated on a fully diluted basis according to the warrant agreement.

Summary of Significant Accounting Policies - Summary of Concentration of Customers and Suppliers (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Concentration Risk [Line Items]
Total Revenue	$ 10,270,989	$ 12,451,126
Accounts receivable, net	6,452,834		$ 7,005,396
Contract liabilities	6,510,896		4,074,505
Accounts payable	8,320,524		6,727,086
Prepayments	3,023,022		$ 4,246,959
Customers \| Revenue \| Customer A
Concentration Risk [Line Items]
Total Revenue	$ 2,165,662
Concentration risk %	21.00%
Customers \| Revenue \| Customer B
Concentration Risk [Line Items]
Total Revenue	$ 1,084,000
Concentration risk %	11.00%
Customers \| Revenue \| Customer C
Concentration Risk [Line Items]
Total Revenue		$ 1,389,443
Concentration risk %		11.00%
Customers \| Revenue \| Customer D
Concentration Risk [Line Items]
Total Revenue		$ 1,281,392
Concentration risk %		10.00%
Customers \| Accounts Receivable \| Customer A
Concentration Risk [Line Items]
Concentration risk %	46.00%
Accounts receivable, net	$ 2,988,337
Customers \| Accounts Receivable \| Customer E
Concentration Risk [Line Items]
Concentration risk %			17.00%
Accounts receivable, net			$ 1,224,249
Customers \| Contract Liabilities \| Customer F
Concentration Risk [Line Items]
Concentration risk %	35.00%
Contract liabilities	$ 2,276,250
Customers \| Contract Liabilities \| Customer G
Concentration Risk [Line Items]
Concentration risk %	10.00%		16.00%
Contract liabilities	$ 660,000		$ 660,000
Suppliers \| Purchase \| Supplier A
Concentration Risk [Line Items]
Total purchases	$ 11	$ 660,265
Concentration risk %	1032065.00%	11.00%
Suppliers \| Purchase \| Supplier B
Concentration Risk [Line Items]
Total purchases		$ 820,419
Concentration risk %		13.00%
Suppliers \| Purchase \| Supplier C
Concentration Risk [Line Items]
Total purchases		$ 786,562
Concentration risk %		12.00%
Suppliers \| Purchase \| Supplier D
Concentration Risk [Line Items]
Total purchases		$ 725,198
Concentration risk %		12.00%
Suppliers \| Accounts Payable \| Supplier A
Concentration Risk [Line Items]
Concentration risk %	22.00%		24.00%
Accounts payable	$ 1,807,541		$ 1,612,153
Suppliers \| Accounts Payable \| Supplier C
Concentration Risk [Line Items]
Concentration risk %			17.00%
Accounts payable			$ 1,119,645
Suppliers \| Accounts Payable \| Supplier D
Concentration Risk [Line Items]
Concentration risk %			10.00%
Accounts payable			$ 687,776
Suppliers \| Accounts Payable \| Supplier E
Concentration Risk [Line Items]
Concentration risk %	13.00%
Accounts payable	$ 1,075,283
Suppliers \| Prepayments [Member] \| Supplier B
Concentration Risk [Line Items]
Concentration risk %	29.00%		20.00%
Prepayments	$ 654,399		$ 625,654
Suppliers \| Prepayments [Member] \| Supplier F
Concentration Risk [Line Items]
Concentration risk %	34.00%		56.00%
Prepayments	$ 559,010		$ 1,789,478

Related Party Balance And Transactions (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Major Transactions with Related Parties

Major transactions with related parties


		For the Six Months Ended June 30,
		2025		2026
		US$		US$
Interest income from Beijing Puyan	(i)		768	-
Purchase of materials from Shenzhen Zhichong	(ii)		33,363		526
Sell products to Shenzhen Zhichong	(ii)		11,693	-
Sell products to Zhichong New Energy	(iii)		897,497		226

Schedule of Balance of Amounts Due from Related Parties

Balance of amounts due from related parties:


		As of December 31,			As of June 30,
		2025			2026
		US$			US$
Beijing Puyan	(i)		273,066			282,874
Shenzhen Zhichong	(ii)		11,951			43,184
Zhichong New Energy	(iii)		2,737,608			2,317,482
Amounts due from related parties, gross			3,022,625			2,643,540
Allowance for expected credit losses			(504,792	)		(909,207	)
Total			2,517,833			1,734,333

The movements of the allowance for doubtful accounts were as follows:


	As of December 31,			As of June 30,
	2025			2026
	US$			US$
Balance at the beginning of the year/period	-				(504,792	)
Provision for expected credit losses		(496,730	)		(381,936	)
Foreign currency translation		(8,062	)		(22,479	)
Balance at the end of the year/period		(504,792	)		(909,207	)

Schedule of Balance of Amounts Due to a Related Party

Balance of amounts due to a related party


		As of December 31,		As of June 30,
		2025		2026
		US$		US$
Shenzhen Zhichong	(ii)		164,046		159,996
Total			164,046		159,996

Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of Compensation Expenses Recognized for Share-based Compensation Granted

Compensation expenses recognized for share-based compensation granted by the Company were as follows:


	For the six months ended June 30,
	2025		2026
	US$		US$
Cost of revenues		15,689		(11,100	)
Selling and marketing expenses		179,907		21,165
Research and development expenses		223,152		76,570
General and administrative expenses		2,424,953		654,871
Total		2,843,701		741,506

2023 Share Incentive Plan II

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of Restricted Shares Units Granted

The following table summarizes activities of the Company’s restricted shares units granted under the 2023 Plan II:


	Number of ADS Outstanding (a)			Weighted Average Grant Date Fair Value (Per ADS) (a)
				US$
Unvested as of December 31, 2025		58,228			32.40
Vested		(12,281	)		40.80
Forfeited		(4,343	)		33.00
Unvested as of June 30, 2026		41,604			29.80

(a)

The number of restricted share units (expressed in ADSs) and the related weighted-average grant date fair value per ADS presented in the tables above have been retrospectively adjusted for all periods presented to reflect the change in the ADS ratio from one ADS representing 40 Class A ordinary shares to one ADS representing 800 Class A ordinary shares, which had the same effect as a one-for-twenty (20) reverse ADS split and became effective on August 21, 2026 (see Note 18).

2026 Share Incentive Plan

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of Restricted Shares Units Granted

The following table summarizes activities of the Company’s restricted shares units granted under the 2026 Plan:


	Number of ADS Outstanding (a)			Weighted Average Grant Date Fair Value (Per ADS) (a)
				US$
Unvested as of December 31, 2025	—			—
Granted		22,808			21.00
Vested		(20,808	)		20.20
Unvested as of June 30, 2026		2,000			28.20

(a)

- 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

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+ Details

Inventories, Net

6 Months Ended

Jun. 30, 2026

Inventory Disclosure [Abstract]

Inventories, Net

INVENTORIES, NET

Inventories, net consisted of the following:


	As of December 31,		As of June 30,
	2025		2026
	US$		US$
Raw materials		3,242,149		3,855,803
Work-in-progress		1,871,933		3,504,585
Finished goods		4,318,847		6,472,104
Inventories		9,432,929		13,832,492

Write-downs of inventories from the carrying amount to its estimated net realizable value amounted to US$16,418 and nil were recorded as cost of revenues for the six months ended June 30, 2025 and 2026.

Short-term Borrowings (Tables)

6 Months Ended

Jun. 30, 2026

Debt Disclosure [Abstract]

Summary of Short-Term Borrowings


	As of December 31,		As of June 30,
	2025		2026
	US$		US$
Short-term bank borrowings (i)		4,268,154		5,895,272
Loans from investor C (ii)		2,134,077		2,210,725
Short-term borrowings		6,402,231		8,105,997

(i)

Short-term bank borrowings

Summary of Outstanding Short-Term Bank Loan Balances Payable

As of December 31, 2025 and June 30, 2026, the Company had outstanding short-term bank loan balances payable to the following financial institutions:


					As of December 31,		As of June 30,
					2025		2026
Lender	Interest Rate			Maturity Date	US$		US$
Bank of Beijing Fuyu Sub-branch		3.00	%	December 27, 2026		1,422,718		1,473,818
Bank of China Beijing Guomao Sub-branch		2.24	%	March 12, 2027		1,422,718		1,473,818
China Merchants Bank Beijing Dayuncun Sub-branch		2.30	%	December 18, 2026		1,422,718		1,473,818
Industrial and Commercial Bank of China Beijing Sub-branch		2.35	%	June 9, 2027	-			1,473,818
Total Short-term borrowings						4,268,154		5,895,272

Summary of Significant Accounting Policies - Summary of Cash and Cash Equivalents, Excluding Cash on Hand are Deposited in Financial Institutions at Locations (Details) - USD ($)	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents balances held at financial institutions	$ 8,855,514	$ 11,385,381	$ 16,337,549
Total cash and cash equivalents balances held at financial institutions	8,849,595	11,384,597
People's Republic of China (PRC)
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents balances held at financial institutions	606,759	3,409,619
People's Republic of China (PRC) \| RMB
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents balances held at financial institutions	294,013	1,827,969
People's Republic of China (PRC) \| USD
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents balances held at financial institutions	283,676	7,400
People's Republic of China (PRC) \| EUR
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents balances held at financial institutions	29,070	1,574,250
Germany
Cash and Cash Equivalents [Line Items]
Cash balances held at financial institutions	539,112	1,833,658
Germany \| EUR
Cash and Cash Equivalents [Line Items]
Cash balances held at financial institutions	539,112	1,833,658
USA
Cash and Cash Equivalents [Line Items]
Cash balances held at financial institutions	7,703,724	6,141,320
USA \| USD
Cash and Cash Equivalents [Line Items]
Cash balances held at financial institutions	$ 7,703,724	$ 6,141,320

Prepayments and Other Assets - Summary of Prepayments and Other Assets (Details) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Prepayments and Other Assets [Abstract]
Advances to suppliers	$ 1,016,075	$ 1,042,917
Deductible input VAT	520,387	527,286
Deferred financing costs	454,489	1,097,980
Receivables from third party payment platforms		8,030
Prepayment to service vendors	725,303	1,900,158
Loans to third parties	891,414	824,694
Others	516,832	557,724
Prepayments and Other Assets	4,124,500	5,958,789
Less: Other Non-Current Assets	1,101,478	1,711,830
Prepayments and other current assets	$ 3,023,022	$ 4,246,959

Inventories, Net (Tables)

6 Months Ended

Jun. 30, 2026

Inventory Disclosure [Abstract]

Summary of Inventories, Net

Inventories, net consisted of the following:


	As of December 31,		As of June 30,
	2025		2026
	US$		US$
Raw materials		3,242,149		3,855,803
Work-in-progress		1,871,933		3,504,585
Finished goods		4,318,847		6,472,104
Inventories		9,432,929		13,832,492

Income Tax - Additional Information (Details) - USD ($)	6 Months Ended
Income Tax - Additional Information (Details) - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Income Tax Disclosure [Line Items]
Income tax expense	$ 0	$ 0
Effective income tax rate	0.00%	0.00%
PRC Tax Administration and Collection Law
Income Tax Disclosure [Line Items]
Statutory income tax rate	25.00%	25.00%
Preferential tax rate	15.00%	15.00%

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 3A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483475/205-20-45-3A

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-21

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
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-Name Accounting Standards Codification
-Section 55
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-14

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
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-Name Accounting Standards Codification
-Section 55
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-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
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-Publisher FASB
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

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

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
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-Topic 740
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
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+ Details

Related Party Balance And Transactions - Additional Information (Details) ¥ in Millions			1 Months Ended				6 Months Ended		12 Months Ended
	Mar. 22, 2021 CNY (¥)	Mar. 22, 2021 USD ($)	Jan. 31, 2023 CNY (¥)	Jan. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Jun. 30, 2026 USD ($)	Jun. 30, 2025 USD ($)	Dec. 31, 2025 USD ($)
Related Party Transaction [Line Items]
Amounts due from related parties							$ 1,734,333		$ 2,517,833
Amount due to related parties							159,996		164,046
Accounts receivable, net							6,452,834		7,005,396
Beijing Puyan
Related Party Transaction [Line Items]
Purchase of loan from related parties	¥ 30.3	$ 4,200,000
Related party transaction, rate	3.85%	3.85%
Repayments of related party debt			¥ 20.0	$ 2,800,000	¥ 10.0	$ 1,400,000	400,000		300,000
Interest income							0	$ 768
Amounts due from related parties							$ 282,874		273,066
Zhichong Technology Co Ltd
Related Party Transaction [Line Items]
Equity method investment ownership percentage							49.00%
Purchase of materials							$ 500	33,000
Amounts due from related parties							200,000		200,000
Received materials from related parties							0	0
Accounts receivable, net							$ 43,200		11,900
Zhichong New Energy
Related Party Transaction [Line Items]
Equity method investment ownership percentage							11.71%
Sale of materials							$ 200	$ 900,000
Accounts receivable, net							$ 2,200,000		$ 2,700,000

Commitments and Contingencies

6 Months Ended

Jun. 30, 2026

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

17.

COMMITMENTS AND CONTINGENCIES

Commitments

As of June 30, 2026, the Group had neither significant financial nor capital commitment.

Contingencies

As of June 30, 2026, the Group was a party to an arbitration proceeding as detailed described in Notes 6. In connection with this matter, the Group had recognized a provision of RMB18.5 million (approximately US$2.7 million) for outstanding principal, accrued interest, and default interest accrued up to the balance sheet date, and had restricted cash of RMB17.4 million (approximately US$2.6 million) due to asset preservation measures on certain bank accounts. The Group concludes that the ultimate outcome of this arbitration could not have a material adverse effect on the Group's results of operations, consolidated financial condition, or cash flows.

Changes in Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

Schedule of Changes in Shareholders' Equity


	Ordinary Shares
	Class A Ordinary Shares				Class B Ordinary Shares				Additional paid-in capital		Accumulated other comprehensive income			Accumulated deficit			Total Shareholders’ equity
	Number		Amounts		Number		Amounts		Amounts		Amounts			Amounts			Amounts
Balance as of January 1, 2025		1,636,807,084		16,368		741,254,447		7,413		79,883,038		1,975,487			(52,373,422	)		29,508,884
Net loss		—	—			—	—			—		—			(7,338,130	)		(7,338,130	)
Share-based compensation		—	—			—	—			2,903,701		—			—			2,903,701
Foreign currency translation adjustment, net of nil income taxes		—	—			—	—			—		(52,090	)		—			(52,090	)
Balance as of June 30, 2025		1,636,807,084		16,368		741,254,447		7,413		82,786,739		1,923,397			(59,711,552	)		25,022,365


	Ordinary shares
	Class A Ordinary Shares				Class B Ordinary Shares				Additional paid-in			Accumulated other comprehensive income			Accumulated deficit			Total Shareholders’ equity
	Number		Amounts		Number		Amounts		capital			Amounts			Amounts			Amounts
Balance as of January 1, 2026		2,160,310,915		21,603		741,254,447		7,413		100,820,027			1,893,379			(84,876,067	)		17,866,355
Net loss		—	—			—		—	—			—				(11,126,180	)		(11,126,180	)
Share-based compensation		—	—			—		—		741,506		—			—				741,506
Issuance of escrowed reserve shares under the ATM Program		340,000,000		3,400						(3,400	)	—			—			—
Share issuance from vest of restricted shares units		19,582,000	196							(196	)	—			—			—
Share issuance upon followed-up offering, net of issuance costs of US$894,379		280,000,000		2,800						3,477,822		—			—				3,480,622
Foreign currency translation adjustment, net of nil income taxes		—	—			—		—	—				(524,335	)	—				(524,335	)
Balance as of June 30, 2025		2,799,892,915		27,999		741,254,447		7,413		105,035,759			1,369,044			(96,002,247	)		10,437,968

Loss Per Share - Summary of Ordinary Shares Equivalents Excluded from the Computation to Eliminate Antidilutive Effect (Details) - shares	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Financial Liability
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	10,385,182	6,892,767

Short-term Borrowings - Summary of Short-Term Borrowings (Details) - USD ($)

Jun. 30, 2026

Dec. 31, 2025

Short-Term Debt [Line Items]

Short-term borrowings

$ 8,105,997

$ 6,402,231

Short-term Bank Borrowings

Short-Term Debt [Line Items]

Short-term borrowings

^[1]

5,895,272

4,268,154

Loans From Investor C

Short-Term Debt [Line Items]

Short-term borrowings

^[2]

$ 2,210,725

$ 2,134,077

[1]	Short-term bank borrowings
[2]	Loans from investor C

- Definition

Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer.

+ References + Details

Ordinary Shares

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

Ordinary Shares

10.

ORDINARY SHARES

On January 30, 2026, the Company entered into a sales agreement (the "Sales Agreement") with Alliance Global Partners ("A.G.P." or the "Sales Agent"), pursuant to which the Company may offer and sell, from time to time, American depositary shares ("ADSs"), each representing 40 Class A ordinary shares, par value US$0.00001 per share, having an aggregate offering price of up to US$12,800,000, in an "at-the-market" offering (the "ATM Program"). Sales, if any, are made at prevailing market prices, and the Company pays the Sales Agent a commission equal to 3.0% of the aggregate gross proceeds from each sale of ADSs. The Company is not obligated to sell any ADSs and may suspend or terminate the ATM Program at any time.

On February 2, 2026, to facilitate the settlement of future sales under the ATM Program, the Company issued 8,500,000 ADSs (representing 340,000,000 Class A ordinary shares) to the depositary bank to be held in reserve, for which no consideration was received. Although these shares are legally issued, they carry no economic rights (including rights to dividends and other distributions) while held in reserve and are delivered to purchasers — with the related proceeds recognized — only as and when the underlying ADSs are sold under the ATM Program. Accordingly, for accounting purposes these shares are treated as escrowed shares, are not considered outstanding, and are excluded from the shares used to compute basic and diluted net loss per ordinary share until sold. The Company recorded the par value of US$3,400 with a corresponding reduction of additional paid-in capital, resulting in no net impact on total shareholders' equity.

During the six months ended June 30, 2026, no ADSs were sold under the ATM Program and no proceeds were received. As of June 30, 2026, all 8,500,000 ADSs (representing 340,000,000 Class A ordinary shares) remained held in reserve by the depositary bank and unsold, and the full US$12,800,000 of ADSs remained available for future issuance under the ATM Program. Upon a sale of ADSs under the ATM Program, the corresponding shares are reclassified as outstanding and the net proceeds (after the 3.0% sales commission and offering expenses) are recorded as additional paid-in capital.

On July 23, 2025, the Company completed the registration of 489,550 ADSs, representing 19,582,000 Class A Ordinary Shares, under its share incentive plan.

On June 29, 2026, the Company completed its registered direct offering (the “Offering”). In the Offering, an aggregate of 7,000,000 American Depositary Shares each representing forty (40) Class A Ordinary Shares par value US$0.00001 per share, at a purchase price of $0.625 per ADS. The gross proceeds to the Company from the Offering, before deducting commissions and offering expenses, were approximately $4.375 million.

As of December 31, 2025 and June 30, 2026, the Company had authorized 4,258,745,553 Class A ordinary shares and 741,254,447 Class B ordinary shares. As of December 31, 2025 and June 30, 2026, 2,160,310,915 and 2,799,892,915 Class A ordinary shares were issued, respectively, and 2,160,310,915 and 2,459,892,915 shares outstanding, as of December 31, 2025 and June 30, 2026, respectively, the shares issued as of June 30, 2026 include 340,000,000 escrowed reserve shares under the ATM Program. All 741,254,447 Class B ordinary shares authorized were issued and outstanding as of December 31, 2025 and June 30, 2026.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 20
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147479951/505-20-S50-1

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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

+ Details

Inventories, Net - Summary of Inventories, Net (Details) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Inventory, Net [Abstract]
Raw materials	$ 3,855,803	$ 3,242,149
Work-in-progress	3,504,585	1,871,933
Finished goods	6,472,104	4,318,847
Inventories	$ 13,832,492	$ 9,432,929

Share-Based Compensation - Summary of Restricted Shares Units Granted (Details) - Restricted Shares Units

6 Months Ended

Jun. 30, 2026

$ / shares

2023 Share Incentive Plan II

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Number of ADS Outstanding, Beginning Balance | shares

58,228

^[1]

Number of ADS Outstanding, Vested | shares

(12,281)

^[1]

Number of ADS Outstanding, Forfeited | shares

(4,343)

^[1]

Number of ADS Outstanding, Ending Balance | shares

41,604

^[1]

Weighted Average Grant Date Fair Value (Per ADS), Beginning Balance | $ / shares

$ 32.4

^[1]

Weighted Average Grant Date Fair Value (Per ADS), Vested | $ / shares

40.8

^[1]

Weighted Average Grant Date Fair Value (Per ADS), Forfeited | $ / shares

^[1]

Weighted Average Grant Date Fair Value (Per ADS), Ending Balance | $ / shares

$ 29.8

^[1]

2026 Share Incentive Plan

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Number of ADS Outstanding, Beginning Balance | shares

^[2]

Number of ADS Outstanding, Granted | shares

22,808

^[2]

Number of ADS Outstanding, Vested | shares

(20,808)

^[2]

Number of ADS Outstanding, Ending Balance | shares

2,000

^[2]

Weighted Average Grant Date Fair Value (Per ADS), Beginning Balance | $ / shares

$ 0

^[2]

Weighted Average Grant Date Fair Value (Per ADS), Granted | $ / shares

^[2]

Weighted Average Grant Date Fair Value (Per ADS), Vested | $ / shares

20.2

^[2]

Weighted Average Grant Date Fair Value (Per ADS), Ending Balance | $ / shares

$ 28.2

^[2]

[1]

[2]

Financial Liability - Additional Information (Details) $ / shares in Units, ¥ in Millions	1 Months Ended
	Oct. 31, 2020 CNY (¥) shares	Jun. 30, 2026 USD ($) $ / shares	Dec. 31, 2025 USD ($) $ / shares	Oct. 31, 2020 USD ($)
Short-Term Debt [Line Items]
Short-term borrowings \| $		$ 8,105,997	$ 6,402,231
Shengwei \| Ordinary Shares
Short-Term Debt [Line Items]
Purchase of ordinary shares \| shares	8,786,150
Shengwei \| X-Charge Technology
Short-Term Debt [Line Items]
Percentage of equity interest owned	0.542%			0.542%
Equity interest, exercise price	¥ 2			$ 300,000
Warrants exercised \| $ / shares		$ 0	$ 0
Short-term Bank Borrowings from SPD Silicon Valley Bank
Short-Term Debt [Line Items]
Short-term borrowings	¥ 10			$ 1,400,000

Ordinary Shares - Additional Information (Details) - USD ($)				6 Months Ended
	Jun. 29, 2026	Feb. 02, 2026	Jan. 30, 2026	Jun. 30, 2026	Dec. 31, 2025	Jul. 23, 2025
Class of Stock [Line Items]
Proceeds from issue of shares		$ 0
Class A Ordinary Shares
Class of Stock [Line Items]
Common stock shares represented by each American depositary receipt	40		40
Par value	$ 0.00001		$ 0.00001	$ 0.00001	$ 0.00001
Shares issued		340,000,000		340,000,000
Shares issued				2,799,892,915	2,160,310,915	19,582,000
Purchase of ordinary shares		340,000,000		340,000,000
Authorized share capital, share				4,258,745,553	4,258,745,553
Shares outstanding				2,459,892,915	2,160,310,915
Class B Ordinary Shares
Class of Stock [Line Items]
Par value				$ 0.00001	$ 0.00001
Shares issued				741,254,447	741,254,447
Authorized share capital, share				741,254,447	741,254,447
Shares outstanding				741,254,447	741,254,447
American Depositary Shares
Class of Stock [Line Items]
Par value		$ 3,400
Aggregate gross proceeds percentage			3.00%
Shares issued		8,500,000		8,500,000
shares sold				0
Stock available for future issuance				$ 12,800,000
Sales commission and offering expenses percentage				3.00%
Proceeds received				$ 0
Shares issued	7,000,000					489,550
Purchase of ordinary shares		8,500,000		8,500,000
Purchase price per share	$ 0.625
Gross proceeds	$ 4,375,000
Maximum \| American Depositary Shares
Class of Stock [Line Items]
Stock offered aggregate maximum amount proposed offering price			$ 12,800,000

Short-term Borrowings - Summary of Outstanding Short-Term Bank Loan Balances Payable (Details) - USD ($)	6 Months Ended
	Jun. 30, 2026	Dec. 31, 2025
Short-Term Debt [Line Items]
Short-term borrowings	$ 8,105,997	$ 6,402,231
Short-Term Bank Loan
Short-Term Debt [Line Items]
Short-term borrowings	$ 5,895,272	4,268,154
Short-Term Bank Loan \| Bank of Beijing Fuyu Sub-branch
Short-Term Debt [Line Items]
Lender	Bank of Beijing Fuyu Sub-branch
Interest Rate	3.00%
Maturity Date	December 27, 2026
Short-term borrowings	$ 1,473,818	1,422,718
Short-Term Bank Loan \| Bank of China Beijing Guomao Sub-branch
Short-Term Debt [Line Items]
Lender	Bank of China Beijing Guomao Sub-branch
Interest Rate	2.24%
Maturity Date	March 12, 2027
Short-term borrowings	$ 1,473,818	1,422,718
Short-Term Bank Loan \| China Merchants Bank Beijing Dayuncun Sub-branch
Short-Term Debt [Line Items]
Lender	China Merchants Bank Beijing Dayuncun Sub-branch
Interest Rate	2.30%
Maturity Date	December 18, 2026
Short-term borrowings	$ 1,473,818	1,422,718
Short-Term Bank Loan \| Industrial and Commercial Bank of China Beijing Sub-branch
Short-Term Debt [Line Items]
Lender	Industrial and Commercial Bank of China Beijing Sub-branch
Interest Rate	2.35%
Maturity Date	June 9, 2027
Short-term borrowings	$ 1,473,818	$ 0

Fair Value Measurement

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Fair Value Measurement

FAIR VALUE MEASUREMENT

The tables below reflect the reconciliation from the opening balances to the closing balances for recurring fair value measurements categorized as Level 3 of the fair value hierarchy for the six months ended June 30, 2026:

          
         For the Six Months Ended June 30, 2026

          
         Gain or Losses

         US$

         January 1, 2026

         Purchase

         Included in
Earnings

         Included
in Other
Comprehensive
Loss

         Foreign
Currency
Translation
Adjustment

         June 30, 2026

         Liabilities:

Financial liability

63,593

—

(41,217

)

—

1,816

24,192

For the financial liability that does not have a quoted market rate, the Group measured its fair value using the option-pricing model with the assistance of an independent third-party valuation firm. The fair values of financial liability as of June 30, 2026 are estimated with the following key assumptions:


	June 30,
	2026
Risk-free rate of return (per annum)		4.03	%
Volatility		62.9	%
Expected dividend yield		0.00	%
Expected term	1.31 years
Fair value of the Company’s ordinary shares	US$0.0023 per share

These inputs used in the analysis were classified as Level 3 inputs within the fair value hierarchy due to the lack of observable market data and activity. If different estimates and assumptions had been used, the fair values of the preference shares and ordinary shares could be significantly different, and the fair value of the financial liability may materially differ from the recognized amount.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 30, 2026
Cover [Abstract]
Document Type	6-K
Document Period End Date	Jun. 30, 2026
Current Fiscal Year End Date	--12-31
Entity Registrant Name	XCHG Limited
Entity Address, Address Line One	XCharge Europe GmbH
Entity Address, Address Line Two	Heselstücken 18
Entity Address, City or Town	Hamburg
Entity Address, Country	DE
Entity Central Index Key	0001979887
Entity Address, Postal Zip Code	22453
Amendment Flag	false
Entity File Number	001-42208

Property and Equipment, Net - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Property, Plant, and Equipment [Abstract]
Depreciation expenses	$ 271,908	$ 166,540

Income Tax

6 Months Ended

Jun. 30, 2026

Income Tax Disclosure [Abstract]

Income Tax

12.

INCOME TAX

The Group recorded an income tax expense of nil and nil for six months ended June 30, 2025 and 2026, representing effective income tax rates of nil% and nil%, respectively.

The effective income tax rate for six months ended June 30, 2025 and 2026 differs from the PRC statutory income tax rate of 25% primarily due to the effect of the research and development expenses bonus deduction, the preferential tax rate of 15% relating to X-Charge Technology, which qualifies as an HNTE, and the valuation allowance recorded against deferred tax assets of loss-making entities.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: 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 10: 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 11: 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 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 13: 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 14: 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 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
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-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Paragraph 2
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Reference 17: 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

Short-term Borrowings - Additional Information (Details) ¥ in Thousands				3 Months Ended	6 Months Ended
	Oct. 28, 2025 CNY (¥)	Oct. 28, 2025 USD ($)	Mar. 10, 2025 USD ($)	May 31, 2025	Jun. 30, 2026 USD ($)	Jun. 30, 2025 USD ($)	Dec. 31, 2025 USD ($)	May 27, 2024 CNY (¥)	May 27, 2024 USD ($)	Oct. 31, 2020 CNY (¥)	Oct. 31, 2020 USD ($)
Short-Term Debt [Line Items]
Debt instrument, term					1 year
Weighted average interest rates for the outstanding short-term bank borrowings					2.47%		2.72%
Short-term borrowings					$ 8,105,997		$ 6,402,231
Outstanding principal amount			$ 2,260,000					¥ 16,130
Percentage of accrued interest on overdue principal amount			12.00%
Investor C
Short-Term Debt [Line Items]
Interest expense					130,072	$ 117,157
Contractual interest					0	38,900
Default interest					130,072	$ 78,257
Accrued interest					514,100
X-Charge Technology
Short-Term Debt [Line Items]
Repayment of outstanding principal and interest	¥ 16,710	$ 2,330,000
Percentage of accrued interest on overdue principal amount				12.00%
X-Charge Technology \| Investor C
Short-Term Debt [Line Items]
Short-term borrowings								¥ 15,000	$ 2,100,000
Short-term Bank Borrowings from SPD Silicon Valley Bank
Short-Term Debt [Line Items]
Short-term borrowings										¥ 10,000	$ 1,400,000
Short-Term Bank Borrowings and Loan
Short-Term Debt [Line Items]
Short-term borrowings					$ 5,895,272		$ 4,268,154

Changes in Shareholders' Equity

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

Changes in Shareholders' Equity

16.

CHANGES IN SHAREHOLDERS’ EQUITY


	Ordinary Shares
	Class A Ordinary Shares				Class B Ordinary Shares				Additional paid-in capital		Accumulated other comprehensive income			Accumulated deficit			Total Shareholders’ equity
	Number		Amounts		Number		Amounts		Amounts		Amounts			Amounts			Amounts
Balance as of January 1, 2025		1,636,807,084		16,368		741,254,447		7,413		79,883,038		1,975,487			(52,373,422	)		29,508,884
Net loss		—	—			—	—			—		—			(7,338,130	)		(7,338,130	)
Share-based compensation		—	—			—	—			2,903,701		—			—			2,903,701
Foreign currency translation adjustment, net of nil income taxes		—	—			—	—			—		(52,090	)		—			(52,090	)
Balance as of June 30, 2025		1,636,807,084		16,368		741,254,447		7,413		82,786,739		1,923,397			(59,711,552	)		25,022,365


	Ordinary shares
	Class A Ordinary Shares				Class B Ordinary Shares				Additional paid-in			Accumulated other comprehensive income			Accumulated deficit			Total Shareholders’ equity
	Number		Amounts		Number		Amounts		capital			Amounts			Amounts			Amounts
Balance as of January 1, 2026		2,160,310,915		21,603		741,254,447		7,413		100,820,027			1,893,379			(84,876,067	)		17,866,355
Net loss		—	—			—		—	—			—				(11,126,180	)		(11,126,180	)
Share-based compensation		—	—			—		—		741,506		—			—				741,506
Issuance of escrowed reserve shares under the ATM Program		340,000,000		3,400						(3,400	)	—			—			—
Share issuance from vest of restricted shares units		19,582,000	196							(196	)	—			—			—
Share issuance upon followed-up offering, net of issuance costs of US$894,379		280,000,000		2,800						3,477,822		—			—				3,480,622
Foreign currency translation adjustment, net of nil income taxes		—	—			—		—	—				(524,335	)	—				(524,335	)
Balance as of June 30, 2025		2,799,892,915		27,999		741,254,447		7,413		105,035,759			1,369,044			(96,002,247	)		10,437,968

Accounts Receivable, Net - Schedule of Accounts Receivable, Net (Details) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Receivables [Abstract]
Accounts receivable	$ 7,629,555	$ 8,015,176
Allowance for expected credit losses	(1,176,721)	(1,009,780)
Accounts Receivable, net	$ 6,452,834	$ 7,005,396

Inventories, Net - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Inventory Disclosure [Abstract]
Write-down of inventories	$ 0	$ 16,418

Loss Per Share

6 Months Ended

Jun. 30, 2026

Earnings Per Share [Abstract]

Loss Per Share

13.

LOSS PER SHARE


	For the Six Months Ended June 30,
	2025			2026
	US$			US$
Loss per share—basic and diluted:
Numerator:
Net loss attributable to Class A and Class B ordinary share of the Company —basic and diluted		(7,338,130	)		(11,126,180	)
Denominator:
Weighted average number of Class A and Class B ordinary shares outstanding (a)(b)		2,378,061,531			2,921,417,207
Weighted average number of vested restricted share units		166,547,658			207,102,641
Denominator used in computing loss per share—basic and diluted (c)		2,544,609,189			3,128,519,848
Loss per Class A and Class B ordinary share—basic and diluted (US$)		(0.003	)		(0.004	)

The following ordinary shares equivalents were excluded from the computation to eliminate any antidilutive effect:


	As of June 30,
	2025		2026
Financial liability (d)		6,892,767		10,385,182

share units are included in the denominator for the computation of basic EPS for the six months ended June 30, 2025 and 2026, respectively.

The warrants represent 0.2898% of the Company's equity interest as of June 30, 2025 and 2026, respectively, calculated on a fully diluted basis according to the warrant agreement.

Property and Equipment, Net (Tables)

6 Months Ended

Jun. 30, 2026

Property, Plant, and Equipment [Abstract]

Summary of Property Plant and Equipment

Property and equipment consisted of the following:


	As of December 31,			As of June 30,
	2025			2026
	US$			US$
Machinery and equipment		356,946			369,766
EV Chargers		1,845,556			1,877,966
Office and electronic equipment		665,570			770,462
Software		18,764			19,438
Leasehold improvement		782,207			810,301
Constructions in progress		192,436			321,494
Property and Equipment		3,861,479			4,169,427
Less: Accumulated depreciation		(1,889,083	)		(2,160,991	)
Property and Equipment, net		1,972,396			2,008,436

Property and Equipment, Net

6 Months Ended

Jun. 30, 2026

Property, Plant, and Equipment [Abstract]

Property and Equipment, Net

PROPERTY AND EQUIPMENT, NET

Property and equipment consisted of the following:


	As of December 31,			As of June 30,
	2025			2026
	US$			US$
Machinery and equipment		356,946			369,766
EV Chargers		1,845,556			1,877,966
Office and electronic equipment		665,570			770,462
Software		18,764			19,438
Leasehold improvement		782,207			810,301
Constructions in progress		192,436			321,494
Property and Equipment		3,861,479			4,169,427
Less: Accumulated depreciation		(1,889,083	)		(2,160,991	)
Property and Equipment, net		1,972,396			2,008,436

Depreciation expenses were US$166,540 and US$271,908 for the six months ended June 30, 2025 and 2026, respectively.

- Definition

The entire disclosure for property, plant, and equipment. Includes, but is not limited to, land and land improvement; building; machinery and equipment; furniture and fixture; and work of art, historical treasure, or similar asset classified as collection.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/360/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
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-URI https://asc.fasb.org/1943274/2147482099/360-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482130/360-10-45-13

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.CC)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480091/360-10-S99-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-SubTopic 360
-Topic 958
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-URI https://asc.fasb.org/1943274/2147477798/958-360-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-SubTopic 360
-Topic 958
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477798/958-360-50-7

+ Details

Loss Per Share - Summary of Ordinary Shares Equivalents Excluded from the Computation to Eliminate Antidilutive Effect (Parenthetical) (Details)		6 Months Ended
	Feb. 02, 2026 shares	Jun. 30, 2026 Vote shares	Jun. 30, 2025 shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Ordinary shares voting rights, description		The Company has a dual-class share structure, with each Class A ordinary share carrying 1 vote and each Class B ordinary share carrying 10 votes. All share classes enjoy equal rights to dividends; therefore, the allocation of net profits is independent of voting rights.
Weighted average number of vested restricted share units included in denominator for computation of basic EPS		207,102,641	166,547,658
Percentage of equity interest calculated on a fully diluted basis according to warrant agreement		0.2898%	0.2898%
Class A Ordinary Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of vote per share \| Vote		1
Share issuance upon followed-up offering, net of issuance costs of US$894,379, shares	340,000,000	340,000,000
Class B Ordinary Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of vote per share \| Vote		10
American Depositary Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Share issuance upon followed-up offering, net of issuance costs of US$894,379, shares	8,500,000	8,500,000

- Definition

Number of new stock issued during the period.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480070/505-10-S50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480100/505-10-S45-3

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480100/505-10-S45-2

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477657/942-210-S45-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478478/942-210-S50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480657/210-10-S50-11

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

+ Details

Accrued Expenses and Other Current Liabilities - Summary of Accrued Expenses and Other Current Liabilities (Details) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Accrued Liabilities and Other Liabilities [Abstract]
Accrued payroll and social insurance	$ 2,531,628	$ 2,938,321
Cash collected on behalf of the customers	105,434	53,683
Other taxes payable	597,556	540,679
Accrued follow-up offering cost	478,198	522,813
Accrued service expenses	979,196	403,298
Interest payable to investors	969,898	825,081
Others	406,408	229,529
Accrued Expenses and Other Current Liabilities	$ 6,068,318	$ 5,513,404

Related Party Balance And Transactions - Schedule of Major Transactions with Related Parties (Details) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Beijing Puyan
Related Party Transaction [Line Items]
Interest income	$ 0	$ 768
Related Party \| Beijing Puyan
Related Party Transaction [Line Items]
Interest income		768
Related Party \| Zhichong Technology Co Ltd
Related Party Transaction [Line Items]
Purchase of materials	526	33,363
Sell products		11,693
Related Party \| Zhichong New Energy
Related Party Transaction [Line Items]
Sell products	$ 226	$ 897,497

- 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

Fair Value Measurement - Schedule of Fair Value, Liabilities Measured on Recurring Basis (Details) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Liabilities:
Financial liability	$ 24,192	$ 63,593

- Definition

Fair value of financial obligations, including, but not limited to, debt instruments, derivative liabilities, federal funds purchased and sold under agreements to repurchase, securities loaned or sold under agreements to repurchase, financial instruments sold not yet purchased, guarantees, line of credit, loans and notes payable, servicing liability, and trading liabilities.

+ References + Details

Fair Value Measurement - Schedule of Reconciliation from Balances of Recurring Fair Value As Level 3 (Details)	6 Months Ended
	Jun. 30, 2026 USD ($)
Liabilities:
Beginning balance	$ 63,593
Included in Earnings	(41,217)
Foreign Currency Translation Adjustment	1,816
Ending balance	$ 24,192

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 8,855,514	$ 11,385,381
Restricted cash	2,557,464	2,522,898
Accounts receivable, net	6,452,834	7,005,396
Amounts due from related parties	1,734,333	2,517,833
Inventories, net	13,832,492	9,432,929
Prepayments and other current assets	3,023,022	4,246,959
Total current assets	36,455,659	37,111,396
Non current assets
Property and Equipment, net	2,008,436	1,972,396
Long-term investments	110,536	106,704
Operating lease right-of-use assets, net	1,524,016	1,766,194
Other non-current assets	1,101,478	1,711,830
Total non current assets	4,744,466	5,557,124
Total assets	41,200,125	42,668,520
Current liabilities
Short-term borrowings	8,105,997	6,402,231
Accounts payable	8,320,524	6,727,086
Contract liabilities	6,510,896	4,074,505
Operating lease liabilities-current	468,274	592,989
Financial liability	24,192	63,593
Amounts due to a related party	159,996	164,046
Accrued expenses and other current liabilities	6,068,318	5,513,404
Total current liabilities	29,658,197	23,537,854
Non current liabilities
Operating lease liabilities-non-current	1,075,871	1,175,413
Other non-current liabilities	28,089	88,898
Total non current liabilities	1,103,960	1,264,311
Total liabilities	30,762,157	24,802,165
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY
Additional paid - in capital	105,035,759	100,820,027
Accumulated other comprehensive income	1,369,044	1,893,379
Accumulated deficit	(96,002,247)	(84,876,067)
Total shareholders' equity	10,437,968	17,866,355
Total liabilities and shareholders' equity	41,200,125	42,668,520
Class A Ordinary Shares
SHAREHOLDERS' EQUITY
Common stock value	27,999	21,603
Class B Ordinary Shares
SHAREHOLDERS' EQUITY
Common stock value	7,413	7,413
Related Party
Current assets
Amounts due from related parties	1,734,333	2,517,833
Current liabilities
Amounts due to a related party	$ 159,996	$ 164,046

Share-Based Compensation - Summary of Compensation Expenses Recognized for Share-based Compensation Granted (Details) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	$ 741,506	$ 2,843,701
Location, Statement of Income, Balance [Axis]: us-gaap:CostOfRevenue
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	(11,100)	15,689
Location, Statement of Income, Balance [Axis]: us-gaap:GeneralAndAdministrativeExpense
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	654,871	2,424,953
Location, Statement of Income, Balance [Axis]: us-gaap:ResearchAndDevelopmentExpense
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	76,570	223,152
Location, Statement of Income, Balance [Axis]: us-gaap:SellingAndMarketingExpense
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	$ 21,165	$ 179,907

- 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

Related Party Balance and Transactions - Schedule of Movement of the Allowance for Doubtful Accounts (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2026	Dec. 31, 2025
Related Party Transaction [Line Items]
Balance at the beginning of the year	$ (1,009,780)	$ (650,396)
Provision for expected credit losses	(415,718)	(425,835)
Foreign currency translation	(10,509)	(31,594)
Balance at the beginning of the year/period	(1,176,721)	(1,009,780)
Related Party
Related Party Transaction [Line Items]
Balance at the beginning of the year	(504,792)	0
Provision for expected credit losses	(381,936)	(496,730)
Foreign currency translation	(22,479)	(8,062)
Balance at the beginning of the year/period	$ (909,207)	$ (504,792)

- 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

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Revenues (including sales to a related party of US$753,827 and US$226 for the six months ended June 30, 2025 and 2026, respectively)	$ 10,270,989	$ 12,451,126
Cost of revenues (including purchase from a related party of US$147,611 and US$526 for the six months ended June 30, 2025 and 2026, respectively)	(6,290,301)	(6,069,788)
Gross profit	3,980,688	6,381,338
Operating expenses:
Selling and marketing expenses	(5,843,734)	(5,186,741)
Research and development expenses	(2,339,474)	(4,084,917)
General and administrative expenses	(6,989,407)	(4,619,965)
Total operating expenses	(15,172,615)	(13,891,623)
Government grants	8,181	73,825
Operating loss	(11,183,746)	(7,436,460)
Changes in fair value of financial instruments	41,217	106,289
Interest expenses	(64,515)	(75,149)
Interest income	80,864	67,190
Loss before income taxes	(11,126,180)	(7,338,130)
Income tax expense	0	0
Net loss	(11,126,180)	(7,338,130)
Other comprehensive income (loss)
Foreign currency translation adjustment, net of nil income taxes	(524,335)	(52,090)
Comprehensive loss	$ (11,650,515)	$ (7,390,220)
Weighted average number of ordinary shares-Basic	3,128,519,848	2,544,609,189
Weighted average number of ordinary shares-Diluted	3,128,519,848	2,544,609,189
Class A and Class B Ordinary Shares
Other comprehensive income (loss)
Loss per ordinary share-Basic	$ (0.004)	$ (0.003)
Loss per ordinary share-Diluted	$ (0.004)	$ (0.003)
Weighted average number of ordinary shares-Basic	3,128,519,848	2,544,609,189
Weighted average number of ordinary shares-Diluted	3,128,519,848	2,544,609,189

Financial Liability

6 Months Ended

Jun. 30, 2026

Financial Liability [Abstract]

Financial Liability

FINANCIAL LIABILITY

In October 2020, X-Charge Technology entered into a loan agreement with SPD Silicon Valley Bank to borrow up to RMB10 million (equivalent to US$1.4 million). In October 2020, in connection with the loan agreement, X-Charge Technology issued warrants to Shengwei Venture Capital Management (Shanghai) Co., Ltd (“Shengwei”), an affiliate of SPD Silicon Valley Bank, to purchase 0.542% of X-Charge Technology’s equity interest at an exercise price at RMB2 million (equivalent to US$0.3 million) in aggregate or purchase 8,786,150 ordinary shares of the Company at the option of Shengwei on a fully diluted basis. The warrants are exercisable upon issuance and expires in October 2027. The warrants have not been exercised as of December 31, 2025 and June 30, 2026.

During the exercisable period and when the warrants are exercised, Shengwei is entitled to require X-Charge Technology to repurchase all equity interest at the price of fair market value.

In accordance with ASC 480, the Company classified the warrants as financial liability as the warrants embody an obligation to repurchase the X-Charge Technology’s equity interest which may require settlement by transferring assets. The Group recorded the financial liability on the consolidated balance sheets at its estimated fair value and subsequently, at each reporting date, recorded changes in estimated fair value included in the changes in fair value of financial instruments on the consolidated statement of comprehensive loss.

Changes in Shareholders' Equity - Schedule of Changes in Shareholders' Equity (Details) (Parenthetical) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Equity [Abstract]
Foreign currency translation adjustment, tax	$ 0	$ 0
Share issuance upon initial public offering, issuance cost	$ 894,379

Short-term Borrowings

6 Months Ended

Jun. 30, 2026

Debt Disclosure [Abstract]

Short-term Borrowings

SHORT-TERM BORROWINGS


	As of December 31,		As of June 30,
	2025		2026
	US$		US$
Short-term bank borrowings (i)		4,268,154		5,895,272
Loans from investor C (ii)		2,134,077		2,210,725
Short-term borrowings		6,402,231		8,105,997

(i)

Short-term bank borrowings

Short-term bank borrowings consist of RMB denominated borrowings from financial institutions in the PRC that are repayable within one year. The weighted average interest rates for the outstanding short-term bank borrowings as of December 31, 2025 and June 30, 2026 were 2.72% and 2.47%, respectively. As of December 31, 2025 and June 30, 2026, the repayments of all short-term bank borrowings are guaranteed by the Founders or third parties except for one loan from Bank of Beijing that started on December 28, 2025. As of December 31, 2025 and June 30, 2026, the Company had outstanding short-term bank loan balances payable to the following financial institutions:


					As of December 31,		As of June 30,
					2025		2026
Lender	Interest Rate			Maturity Date	US$		US$
Bank of Beijing Fuyu Sub-branch		3.00	%	December 27, 2026		1,422,718		1,473,818
Bank of China Beijing Guomao Sub-branch		2.24	%	March 12, 2027		1,422,718		1,473,818
China Merchants Bank Beijing Dayuncun Sub-branch		2.30	%	December 18, 2026		1,422,718		1,473,818
Industrial and Commercial Bank of China Beijing Sub-branch		2.35	%	June 9, 2027	-			1,473,818
Total Short-term borrowings						4,268,154		5,895,272

(ii)

Loans from investor C

On May 27, 2024, the Company and Beijing X-Charge Technology Co., Ltd. (“X-Charge Technology”) entered into an adjustment agreement on the convertible loan investment with investor C, pursuant to which all parties agreed that X-Charge Technology shall repay the loan principal in the amount of RMB15 million (equivalent to US$2.1 million) and applicable interest to investor C upon 180 days after the consummation of a qualified IPO.

Subsequently, the qualified IPO was consummated, making the total outstanding amount of RMB 16.13 million (approximately US$2.26 million), comprising principal and accrued interest, due on March 10, 2025. The Company failed to repay by this date, and pursuant to the agreement, overdue principal accrues default interest at a simple rate of 12% per annum from the date of default until full repayment.

On October 28, 2025, X-Charge Technology received a formal notice of arbitration from the China International Economic and Trade Arbitration Commission (“CIETAC”). The notice states that a claim was filed by Investor C seeking repayment of the outstanding principal and interest totaling RMB16.71 million (equivalent to US$2.33 million), plus default interest accruing at an annual rate of 12% from March 9, 2025 to May 31, 2025, as well as recovery of its legal fees and arbitration costs. The claim also demands joint and several liability from the Company, its German subsidiary, and its founders, Mr. Ding Rui and Mr. Hou Yifei.

On July 25, 2026, the CIETAC held its first hearing. No decision was reached at that hearing. Both parties are currently in the process of submitting supplementary evidence, and the matter remains pending before the CIETAC for further proceedings.

For the six months ended June 30, 2025 and 2026, the Company recognized interest expense on the loan from investor C of US$117,157 and US$130,072, respectively, consisting of contractual interest of US$38,900 and nil and default interest of US$78,257 and US$130,072 accruing at a simple rate of 12% per annum on the overdue principal from March 10, 2025 until full repayment.

As of June 30, 2026, the Company’s cumulative accrued interest amounted to US$514,100 related to the loans from investor C, which is recognized within Accrued Expenses and Other Current Liabilities.

Revenue Information

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

Revenue Information

15.

REVENUE INFORMATION

Revenues consisted of the following:


	For the Six Months Ended June 30,
	2025		2026
	US$		US$
Product revenues		12,088,605		9,466,876
Service revenues		362,521		804,113
Total revenues		12,451,126		10,270,989

The following summarizes the Group’s revenues from the following geographic areas (based on the locations of customers):


	For the Six Months Ended June 30,
	2025		2026
	US$		US$
Europe		4,830,840		6,038,024
PRC		2,401,219		862,278
USA		5,186,643		2,945,420
Others		32,424		425,267
Total revenues		12,451,126		10,270,989

For the six months ended June 30, 2025 and 2026, revenues recognized that was included in the contract liabilities at January 1, 2025 and 2026 amounted to US$2,181,112 and US$1,026,891, respectively.

The Group has elected the practical expedient in ASC 606-10-50-14(a) not to disclose the information about remaining performance obligations which are part of contracts that have an original expected duration of one year or less.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Share-Based Compensation - Additional Information (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025	Mar. 09, 2026
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense	$ 741,506	$ 2,843,701
2023 Share Incentive Plan II \| Restricted Shares Units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense	312,818	2,843,701
Unrecognized share-based compensation expenses	$ 462,001		$ 935,641
Unrecognized share-based compensation expected weighted-average period	1 year 25 days		1 year 3 months 3 days
2026 Share Incentive Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares reserved for issuance				1,492,028,626
2026 Share Incentive Plan \| Restricted Shares Units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense	$ 428,688	$ 0
Unrecognized share-based compensation expenses	$ 48,035
Unrecognized share-based compensation expected weighted-average period	2 years 2 months 19 days

- 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

Revenue Information (Tables)

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

Summary of Revenue

Revenues consisted of the following:


	For the Six Months Ended June 30,
	2025		2026
	US$		US$
Product revenues		12,088,605		9,466,876
Service revenues		362,521		804,113
Total revenues		12,451,126		10,270,989

The following summarizes the Group’s revenues from the following geographic areas (based on the locations of customers):


	For the Six Months Ended June 30,
	2025		2026
	US$		US$
Europe		4,830,840		6,038,024
PRC		2,401,219		862,278
USA		5,186,643		2,945,420
Others		32,424		425,267
Total revenues		12,451,126		10,270,989

Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Reconciliation from Balances of Recurring Fair Value As Level 3

          
         For the Six Months Ended June 30, 2026

          
         Gain or Losses

         US$

         January 1, 2026

         Purchase

         Included in
Earnings

         Included
in Other
Comprehensive
Loss

         Foreign
Currency
Translation
Adjustment

         June 30, 2026

         Liabilities:

Financial liability

63,593

—

(41,217

)

—

1,816

24,192

Estimated Fair Value Assumptions

The fair values of financial liability as of June 30, 2026 are estimated with the following key assumptions:


	June 30,
	2026
Risk-free rate of return (per annum)		4.03	%
Volatility		62.9	%
Expected dividend yield		0.00	%
Expected term	1.31 years
Fair value of the Company’s ordinary shares	US$0.0023 per share

Commitments and Contingencies - Additional Information (Details) ¥ in Millions	6 Months Ended
	Jun. 30, 2026 CNY (¥)	Jun. 30, 2026 USD ($)	Jun. 30, 2026 USD ($)	Dec. 31, 2025 USD ($)
Loss Contingencies [Line Items]
Restricted cash			$ 2,557,464	$ 2,522,898
X-Charge Technology
Loss Contingencies [Line Items]
Provision	¥ 18.5	$ 2,700,000
Restricted cash	¥ 17.4		$ 2,600,000

- 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

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-9

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482645/405-30-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.W.Q2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479583/944-40-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 720
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483359/720-20-50-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 27
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482395/460-10-55-27

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-9

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-4

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482425/460-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-1

+ Details

- Definition

Amount of cash restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits.

+ References + Details

Share-Based Compensation - Summary of Restricted Shares Units Granted (Parenthetical) (Details) - Subsequent Event	Aug. 21, 2026	Aug. 20, 2026
Class A Ordinary Shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share conversion ratio	800	40
American Depositary Shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share conversion ratio	0.05
Restricted Shares Units \| 2023 Share Incentive Plan II
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Effective date	Aug. 21, 2026
Restricted Shares Units \| 2023 Share Incentive Plan II \| Class A Ordinary Shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share conversion ratio	800	40
Restricted Shares Units \| 2023 Share Incentive Plan II \| American Depositary Shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share conversion ratio	0.05
Restricted Shares Units \| 2026 Share Incentive Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Effective date	Aug. 21, 2026
Restricted Shares Units \| 2026 Share Incentive Plan \| Class A Ordinary Shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share conversion ratio	800	40
Restricted Shares Units \| 2026 Share Incentive Plan \| American Depositary Shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share conversion ratio	0.05

- 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

Prepayments and Other Assets

6 Months Ended

Jun. 30, 2026

Prepayments and Other Assets [Abstract]

Prepayments and Other Assets

PREPAYMENTS AND OTHER ASSETS

Prepayments and other current assets consisted of the following:


	As of December 31,		As of June 30,
	2025		2026
	US$		US$
Advances to suppliers		1,042,917		1,016,075
Deductible input VAT		527,286		520,387
Deferred financing costs(a)		1,097,980		454,489
Receivables from third party payment platforms		8,030	-
Prepayment to service vendors(b)		1,900,158		725,303
Loans to third parties(c)		824,694		891,414
Others(d)		557,724		516,832
Prepayments and Other Assets		5,958,789		4,124,500
Less: Other Non-Current Assets		1,711,830		1,101,478
Prepayments and Other Current Assets		4,246,959		3,023,022

Prepayment to service vendors primarily consist of advance payments for outsourcing core hardware development and market promotion services.

Others mainly include staff advances and deposits.

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)	6 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)	Jun. 30, 2026 USD ($)
Statement of Cash Flows [Abstract]
Placement agent fees and other reimbursable expenses	$ 480,312

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net cash used in operating activities	$ (7,470,588)	$ (6,815,957)
Cash flows from investing activities:
Cash paid for purchase of property and equipment and intangible assets	(273,477)	(311,025)
Loans provided to a third party	(29,144)
Net cash used in investing activities	(302,621)	(311,025)
Cash flows from financing activities:
Proceeds from short-term bank borrowings	4,371,674	1,391,999
Repayment of short-term bank borrowings	(2,914,449)	(3,945,105)
Proceeds from sale of ordinary shares through follow-up offering, net of placement agent fees and other reimbursable expenses $480,312	3,894,688
Payments of follow-up offering cost	(230,389)	(956,248)
Net cash (used in) provided by financing activities	5,121,524	(3,509,354)
Effect of foreign currency exchange rate changes on cash and cash equivalents and restricted cash	156,384	199,983
Net increase (decrease) in cash, cash equivalents and restricted cash	(2,495,301)	(10,436,353)
Cash, cash equivalents and restricted cash at the beginning of the period	13,908,279	26,773,902
Cash, cash equivalents and restricted cash at the end of the period	11,412,978	16,337,549
Supplemental cash flow information:
Interest paid	63,655	73,886
Non-cash investing and financing activities:
Accrual of ATM program cost	5,385
Offering costs charged against additional paid-in capital	894,379
Operating right-of-use assets obtained in exchange for operating lease liabilities		874,106
Property and equipment transferred from inventories		874,663
ROU assets disposed as reduction of operating lease liabilities due to lease termination	26,029
Reconciliation of the amount for cash, cash equivalents and restricted cash:
Cash and cash equivalents	8,855,514	16,337,549
Restricted cash	2,557,464
Total cash, cash equivalents and restricted cash	$ 11,412,978	$ 16,337,549

Revenue Information - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Revenue, Performance Obligation [Abstract]
Revenues recognized included in the contract liabilities	$ 1,026,891	$ 2,181,112
Revenue remaining performance obligations original expected duration	The Group has elected the practical expedient in ASC 606-10-50-14(a) not to disclose the information about remaining performance obligations which are part of contracts that have an original expected duration of one year or less.

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2026	Dec. 31, 2025
Class A Ordinary Shares
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	4,258,745,553	4,258,745,553
Common stock, shares, issued	2,799,892,915	2,160,310,915
Common stock, shares, outstanding	2,459,892,915	2,160,310,915
Class B Ordinary Shares
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	741,254,447	741,254,447
Common stock, shares, issued	741,254,447	741,254,447
Common stock, shares, outstanding	741,254,447	741,254,447
Escrowed Reserve Shares
Common stock, shares, issued	340,000,000

- Definition

Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

+ References

+ Details

Accounts Receivable, Net (Tables)

6 Months Ended

Jun. 30, 2026

Receivables [Abstract]

Schedule of Accounts Receivable, Net

Accounts receivable, net consisted of the following:


	As of December 31,			As of June 30,
	2025			2026
	US$			US$
Accounts receivable		8,015,176			7,629,555
Allowance for expected credit losses		(1,009,780	)		(1,176,721	)
Accounts Receivable, net		7,005,396			6,452,834

Schedule of Allowance for Doubtful Accounts

The movements of the allowance for doubtful accounts were as follows:


	As of December 31,			As of June 30,
	2025			2026
	US$			US$
Balance at the beginning of the year/period		(650,396	)		(1,009,780	)
Provision for expected credit losses		(425,835	)		(415,718	)
Reversal of expected credit losses		98,045			259,286
Foreign currency translation		(31,594	)		(10,509	)
Balance at the end of the year/period		(1,009,780	)		(1,176,721	)

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2026

Accounting Policies [Abstract]

Basis of presentation

(a) Basis of presentation

Concentration of Risk

(b) Concentration of risk

Concentration of customers and suppliers

Customers from whom individually represent greater than 10% of total revenues of the Group for the six months ended June 30, 2025 and 2026 are as follows.


	For the Six Months ended June 30,
	2025					2026
	US$		%			US$		%
Customer A	*		*				2,165,662		21	%
Customer B	*		*				1,084,000		11	%
Customer C		1,389,443		11	%	*		*
Customer D		1,281,392		10	%	*		*

Suppliers from whom individually represent greater than 10% of total purchases of the Group for the six months ended June 30, 2025 and 2026 are as follows.


	For the Six Months ended June 30,
	2025					2026
	US$		%			US$		%
Supplier A		660,265		11	%		1,032,065		11	%
Supplier B		820,419		13	%	*		*
Supplier C		786,562		12	%	*		*
Supplier D		725,198		12	%	*		*

Customers accounting for 10% or more of accounts receivable, net are as follows:


	As of December 31,					As of June 30,
	2025					2026
	US$		%			US$		%
Customer A	*		*				2,988,337		46	%
Customer E		1,224,249		17	%	*		*

Customers accounting for 10% or more of contract liabilities are as follows:


	As of December 31,		As of June 30,
	2025		2026
	US$	%	US$		%
Customer F	*	*		2,276,250		35	%
Customer G	660,000	16%		660,000		10	%

Suppliers accounting for 10% or more of accounts payable are as follows:


	As of December 31,					As of June 30,
	2025					2026
	US$		%			US$		%
Supplier A		1,612,153		24	%		1,807,541		22	%
Supplier E	*		*				1,075,283		13	%
Supplier C		1,119,645		17	%	*		*
Supplier D	687,776		10%			*		*

Suppliers accounting for 10% or more of prepayments are as follows:


	As of December 31,					As of June 30,
	2025					2026
	US$		%			US$		%
Supplier B		625,654		20	%		654,399		29	%
Supplier F		1,789,478		56	%	559,010			34	%

* The amount was less than 10% of total sales, total purchases or total balance.

Concentration of credit risk


	As of December 31,		As of June 30,
	2025		2026
	US$		US$
Financial institutions in the mainland of the PRC
—Denominated in RMB		1,827,969		294,013
—Denominated in USD		7,400		283,676
—Denominated in EUR		1,574,250		29,070
Total cash and cash equivalents balances held at mainland PRC financial institutions		3,409,619		606,759
Financial institution in Germany
—Denominated in EUR		1,833,658		539,112
Total cash balances held at a Germany financial institution		1,833,658		539,112
Financial institutions in the USA
—Denominated in USD		6,141,320		7,703,724
Total cash balances held at a USA financial institution		6,141,320		7,703,724
Total cash and cash equivalents balances held at financial institutions		11,384,597		8,849,595

Recent Accounting Pronouncements

Newly adopted accounting pronouncements

Recent accounting pronouncements not yet adopted

Share-Based Compensation

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Share-Based Compensation

11.

SHARE-BASED COMPENSATION

Compensation expenses recognized for share-based compensation granted by the Company were as follows:


	For the six months ended June 30,
	2025		2026
	US$		US$
Cost of revenues		15,689		(11,100	)
Selling and marketing expenses		179,907		21,165
Research and development expenses		223,152		76,570
General and administrative expenses		2,424,953		654,871
Total		2,843,701		741,506

(a) 2023 Share Incentive Plan II

On December 23, 2024, the Company adopted the 2023 Share Incentive Plan II (the “2023 Plan II”). Pursuant to the 2023 Plan II, restricted shares units were granted to its directors, certain employees and non-employee consultants of the Group as approved by the administrator appointed by the board of directors. Shares granted under the 2023 Plan II are generally subject to only service condition but with multiple vesting schedules.

The fair value of each restricted share units granted is estimated based on the fair market value of the underlying ordinary shares of the Company on the date of grant.

The following table summarizes activities of the Company’s restricted shares units granted under the 2023 Plan II:


	Number of ADS Outstanding (a)			Weighted Average Grant Date Fair Value (Per ADS) (a)
				US$
Unvested as of December 31, 2025		58,228			32.40
Vested		(12,281	)		40.80
Forfeited		(4,343	)		33.00
Unvested as of June 30, 2026		41,604			29.80

(a)

For the six months ended June 30, 2025 and 2026, total share-based compensation expenses recognized for the restricted shares units granted under the 2023 Plan II were US$2,843,701 and US$312,818, respectively.

As of December 31, 2025 and June 30, 2026, there were US$935,641 and US$462,001 of unrecognized share-based compensation expenses related to the restricted share units granted under the 2023 Plan II. Such unrecognized expenses are expected to be recognized over a weighted-average period of 1.26 years and 1.07 years as of December 31, 2025 and June 30, 2026, respectively.

Effective as of March 9, 2026, the Company terminated the 2023 Plan II and ceased making awards thereunder. All awards previously granted under the 2023 Plan II remain outstanding and continue to be governed by its terms and applicable award agreements.

(b) 2026 Share Incentive Plan

On March 9, 2026, the Company adopted the 2026 Share Incentive Plan (the “2026 Plan”), under which the Company reserved 1,492,028,626 shares to motivate employees, nonemployee directors and consultants. Shares granted to officers under the 2026 Plan are generally subject to only service condition but with multiple vesting schedules.

The fair value of each restricted share units granted is estimated based on the fair market value of the underlying ordinary shares of the Company on the date of grant.

The following table summarizes activities of the Company’s restricted shares units granted under the 2026 Plan:


	Number of ADS Outstanding (a)			Weighted Average Grant Date Fair Value (Per ADS) (a)
				US$
Unvested as of December 31, 2025	—			—
Granted		22,808			21.00
Vested		(20,808	)		20.20
Unvested as of June 30, 2026		2,000			28.20

(a)

For the six months ended June 30, 2025 and 2026, total share-based compensation expenses recognized for the restricted shares units granted under the 2026 Plan were nil and US$428,688, respectively.

As of June 30, 2026, there were US$48,035 of unrecognized share-based compensation expenses related to the restricted share units granted under the 2026 Plan. Such unrecognized expenses are expected to be recognized over a weighted-average period of 2.22 years as of June 30, 2026.

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2026

Accounting Policies [Abstract]

Summary of Concentration of Customers and Suppliers

Customers from whom individually represent greater than 10% of total revenues of the Group for the six months ended June 30, 2025 and 2026 are as follows.


	For the Six Months ended June 30,
	2025					2026
	US$		%			US$		%
Customer A	*		*				2,165,662		21	%
Customer B	*		*				1,084,000		11	%
Customer C		1,389,443		11	%	*		*
Customer D		1,281,392		10	%	*		*

Suppliers from whom individually represent greater than 10% of total purchases of the Group for the six months ended June 30, 2025 and 2026 are as follows.


	For the Six Months ended June 30,
	2025					2026
	US$		%			US$		%
Supplier A		660,265		11	%		1,032,065		11	%
Supplier B		820,419		13	%	*		*
Supplier C		786,562		12	%	*		*
Supplier D		725,198		12	%	*		*

Customers accounting for 10% or more of accounts receivable, net are as follows:


	As of December 31,					As of June 30,
	2025					2026
	US$		%			US$		%
Customer A	*		*				2,988,337		46	%
Customer E		1,224,249		17	%	*		*

Customers accounting for 10% or more of contract liabilities are as follows:


	As of December 31,		As of June 30,
	2025		2026
	US$	%	US$		%
Customer F	*	*		2,276,250		35	%
Customer G	660,000	16%		660,000		10	%

Suppliers accounting for 10% or more of accounts payable are as follows:


	As of December 31,					As of June 30,
	2025					2026
	US$		%			US$		%
Supplier A		1,612,153		24	%		1,807,541		22	%
Supplier E	*		*				1,075,283		13	%
Supplier C		1,119,645		17	%	*		*
Supplier D	687,776		10%			*		*

Suppliers accounting for 10% or more of prepayments are as follows:


	As of December 31,					As of June 30,
	2025					2026
	US$		%			US$		%
Supplier B		625,654		20	%		654,399		29	%
Supplier F		1,789,478		56	%	559,010			34	%

* The amount was less than 10% of total sales, total purchases or total balance.

Summary of Cash and Cash Equivalents, Excluding Cash on Hand are Deposited in Financial Institutions at Locations


	As of December 31,		As of June 30,
	2025		2026
	US$		US$
Financial institutions in the mainland of the PRC
—Denominated in RMB		1,827,969		294,013
—Denominated in USD		7,400		283,676
—Denominated in EUR		1,574,250		29,070
Total cash and cash equivalents balances held at mainland PRC financial institutions		3,409,619		606,759
Financial institution in Germany
—Denominated in EUR		1,833,658		539,112
Total cash balances held at a Germany financial institution		1,833,658		539,112
Financial institutions in the USA
—Denominated in USD		6,141,320		7,703,724
Total cash balances held at a USA financial institution		6,141,320		7,703,724
Total cash and cash equivalents balances held at financial institutions		11,384,597		8,849,595

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Parenthetical) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Revenues	$ 10,270,989	$ 12,451,126
Cost of revenues	6,290,301	6,069,788
Foreign currency translation adjustment tax	0	0
Related Party
Revenues	226	753,827
Cost of revenues	$ 526	$ 147,611

- Definition

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

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- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

Accrued Expenses and Other Current Liabilities (Tables)

6 Months Ended

Jun. 30, 2026

Accrued Liabilities and Other Liabilities [Abstract]

Summary of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:


	As of December 31,		As of June 30,
	2025		2026
	US$		US$
Accrued payroll and social insurance		2,938,321		2,531,628
Cash collected on behalf of the customers(a)		53,683		105,434
Other taxes payable		540,679		597,556
Accrued follow-up offering cost		522,813		478,198
Accrued service expenses		403,298		979,196
Interest payable to investors		825,081		969,898
Others(b)		229,529		406,408
Accrued Expenses and Other Current Liabilities		5,513,404		6,068,318

The Group collects the EV charging considerations from end users on behalf of certain customers and pays to these customers on a regular basis.

Others as of December 31, 2025 and June 30, 2026 mainly included accrued warranty and other payable.

Revenue Information - Summary of Revenue (Details) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Disaggregation of Revenue [Line Items]
Total Revenue	$ 10,270,989	$ 12,451,126
Europe
Disaggregation of Revenue [Line Items]
Total Revenue	6,038,024	4,830,840
PRC
Disaggregation of Revenue [Line Items]
Total Revenue	862,278	2,401,219
USA
Disaggregation of Revenue [Line Items]
Total Revenue	2,945,420	5,186,643
Others
Disaggregation of Revenue [Line Items]
Total Revenue	425,267	32,424
Product Revenues
Disaggregation of Revenue [Line Items]
Total Revenue	9,466,876	12,088,605
Service Revenues
Disaggregation of Revenue [Line Items]
Total Revenue	$ 804,113	$ 362,521

- 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.

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+ Details

Fair Value Measurement - Summary of Fair Values of Financial Liability (Details)	Jun. 30, 2026 USD ($) yr
Risk-free Rate of Return
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair values of financial liability	0.0403
Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair values of financial liability	0.629
Expected dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair values of financial liability	0
Expected term
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair values of financial liability \| yr	1.31
Fair value of the Company's ordinary shares
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair values of financial liability \| $	0.0023

- 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

Related Party Balance And Transactions - Schedule of Balance of Amounts Due from Related Parties (Details) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Related Party Transaction [Line Items]
Total	$ 1,734,333	$ 2,517,833
Allowance for expected credit losses	(1,176,721)	(1,009,780)
Related Party
Related Party Transaction [Line Items]
Total	1,734,333	2,517,833
Amounts due from related parties, gross	2,643,540	3,022,625
Allowance for expected credit losses	(909,207)	(504,792)
Beijing Puyan
Related Party Transaction [Line Items]
Total	282,874	273,066
Shenzhen Zhichong
Related Party Transaction [Line Items]
Total	43,184	11,951
Zhichong New Energy
Related Party Transaction [Line Items]
Total	$ 2,317,482	$ 2,737,608

- 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

Related Party Balance And Transactions

6 Months Ended

Jun. 30, 2026

Related Party Balance And Transactions

14.

RELATED PARTY BALANCE AND TRANSACTIONS

The following is a list of related parties which the Company has major transactions with:

(1) Mr. Ding Rui, one of the Founders.

(2) Zhichong Technology (Shenzhen) Co., Ltd (“Shenzhen Zhichong”), which is 49% owned by the Group.

(3) Beijing Puyan Enterprise Management Co., Ltd (“Beijing Puyan”), which is a related party of one of the Group’s preferred shareholders.

(4) Beijing Zhichong New Energy Technology Co., Ltd (“Zhichong New Energy”), which is 11.71% owned by the Group.

(5) Mr. Hou Yifei, one of the Founders.

The Group mainly had the following transactions and balances with related parties:

(a) Major transactions with related parties


		For the Six Months Ended June 30,
		2025		2026
		US$		US$
Interest income from Beijing Puyan	(i)		768	-
Purchase of materials from Shenzhen Zhichong	(ii)		33,363		526
Sell products to Shenzhen Zhichong	(ii)		11,693	-
Sell products to Zhichong New Energy	(iii)		897,497		226

(b) Balance of amounts due from related parties:


		As of December 31,			As of June 30,
		2025			2026
		US$			US$
Beijing Puyan	(i)		273,066			282,874
Shenzhen Zhichong	(ii)		11,951			43,184
Zhichong New Energy	(iii)		2,737,608			2,317,482
Amounts due from related parties, gross			3,022,625			2,643,540
Allowance for expected credit losses			(504,792	)		(909,207	)
Total			2,517,833			1,734,333

The movements of the allowance for doubtful accounts were as follows:


	As of December 31,			As of June 30,
	2025			2026
	US$			US$
Balance at the beginning of the year/period	-				(504,792	)
Provision for expected credit losses		(496,730	)		(381,936	)
Foreign currency translation		(8,062	)		(22,479	)
Balance at the end of the year/period		(504,792	)		(909,207	)


		As of December 31,		As of June 30,
		2025		2026
		US$		US$
Shenzhen Zhichong	(ii)		164,046		159,996
Total			164,046		159,996

(i)

On March 22, 2021, the Board of Directors of X-Charge Technology approved a loan agreement with its related party, Beijing Puyan. Under this agreement, X-Charge Technology provided a two-year loan of RMB30.3 million (approximately US$4.2 million) to Beijing Puyan, bearing an annual interest rate of 3.85%. Beijing Puyan repaid RMB10 million (approximately US$1.4 million) of the principal in December 2022, and RMB20 million (approximately US$2.8 million) was repaid in January 2023. As of December 31, 2025 and June 30, 2026, the balance outstanding was US$0.3 million and US$0.4 million, respectively. Interest income recognized from this loan amounted to US$ 768 and nil in the unaudited condensed consolidated statements of comprehensive loss for the six months ended June 30, 2025 and 2026, respectively.

(ii)

The Group purchased certain types of EV chargers from Shenzhen Zhichong in the amount of US$33 thousand and US$0.5 thousand for the six months ended June 30, 2025 and 2026, respectively. The outstanding balance of accounts payable to Shenzhen Zhichong were US$0.2 million and US$0.2 million as of December 31, 2025 and June 30, 2026, respectively, which were included in amounts due to a related party on the consolidated balance sheets.
Besides, the Group also sold certain types of EV chargers to Shenzhen Zhichong, with zero transaction volume for the six months ended June 30, 2025 and 2026. The outstanding balance of accounts receivable from Shenzhen Zhichong were US$11.9 thousand and US$43.2 thousand as of December 31, 2025 and June 30, 2026, respectively, which were included in amounts due from related parties on the consolidated balance sheets.

(iii)

The Group sold certain types of EV chargers to Zhichong New Energy in the amount of US$0.9 million and US$0.2 thousand for the six months ended June 30, 2025 and 2026, respectively. The outstanding balance of accounts receivable from Zhichong New Energy were US$2.7 million and US$2.2 million as of December 31, 2025 and June 30, 2026, respectively, which were included in amounts due from related parties on the consolidated balance sheets.

- 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

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-Topic 942
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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+ Details