Subsequent Events

12 Months Ended

Dec. 31, 2021

Subsequent Events [Abstract]

Subsequent Events

27. Subsequent Events

Purchase commitment made for new business of assembly factory

On February 16, 2022, the Group entered into an agreement with Yingkou Jinchen Machinery Co., Ltd. (“the Seller”), where by, the Group purchased two sets of solar automation line from the Seller with total consideration of $6,940.

Extension of bank loan

On February 7, 2022, the Group entered into a supplementary agreement with East West Bank (“the Lender”), where by, the loan of $5,000 borrowed on February 23, 2021(Note 14) was extended from February 23, 2022 to February 23, 2023.

The Group has evaluated subsequent events through the date of issuance of the consolidated financial statements, there were no other subsequent events occurred that would require recognition or disclosure in the consolidated financial statements.