SHORT-TERM AND LONG-TERM BANK LOANS (Tables)

12 Months Ended

Dec. 31, 2025

SHORT-TERM AND LONG-TERM BANK LOANS [Abstract]

Short-Term and Long-Term Bank Loans

								As of December 31, 2025				As of December 31, 2024
Bank and other financial institution	Annual Interest Rate			Start	Maturity	Principal		Current portion		Non- current portion		Current portion		Non- current portion
Bank of Multiple Promerica Republic Dominicana (1)		10.00	%	April and June 2024	April and June 2029	$	-	$	-	$	-	$	86,778	$	362,386
Bank of Multiple Promerica Republic Dominicana (2)		10.00	%	June and July 2024	May 2025		-		-		-		162,836		-
Zhejiang Changxing Rural Commercial Bank Co., Ltd. (3)		3.20	%	December 2025	December 2026, December 2027 and December 2028		1,215,484		1,430		1,214,054		-		-
Industrial and Commercial Bank of China(4)		2.50	%	June to December 2025	June to December 2026		1,258,383		1,258,383		-		-		-
Total borrowings							2,473,867		1,259,813		1,214,054		249,614		362,386
Less: borrowings, held for discontinued operations							-		-		-		-		-
Borrowings, held for continuing operations						$	2,473,867		1,259,813		1,214,054	$	249,614	$	362,386

(1)      On April 30, 2024 and June 21, 2024, Cenntro Electric CICS, S.R.L. borrowed $408,000 and $92,000 from Bank of Multiple Promerica Republic Dominicana, with the interest of 10% and the due date of April 29, 2029 and June 20, 2029, respectively. Cenntro Electric CICS, S.R.L. should repay the loan monthly in five years after the month the loans were borrowed. As of December 31, 2025, Cenntro Electric CICS, S.R.L. was no longer a subsidiary of the Company.

(2)      In April 2024, Cenntro Electric CICS, S.R.L. was granted bank facility of DOP10,000,000 (approximately $159,644) or equivalent USD from Bank of Multiple Promerica Republic Dominicana, with the interest of 10%, with the contract term of five years. During the term of this agreement, the facility shall be reviewed on each annual calendar date. As of December 31, 2025, Cenntro Electric CICS, S.R.L. was no longer a subsidiary of the Company.

(3)     On December 23, 2025, the Company borrowed RMB 8,500,000 (approximately $1,215,484) from Zhejiang Changxing Rural Commercial Bank Co., Ltd., with the interest of 3.20% per annum, with the period from December 29, 2025 to December 20, 2028.

(4)     On May 13, 2025, the Company was granted bank facility of RMB10,000,000 (approximately $1,404,692) from Industrial and Commercial Bank of China, with the interest of 2.50%, with the period from May 13, 2025 to May 12, 2028. From May 2025 to September 2025, loan principle of $1,516,607 was borrowed from the bank and will be due in one year. From July 2025 to September 2025, loan principal of $623,263 was repaid. On October 14, 2025, an additional loan of $110,802 was borrowed. The loan was pledged by the plants and building and land use right with net value of $15,563,984.