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SCHEDULE OF TANGIBLE AND INTANGIBLE ASSETS AND LIABILITIES (Details)
¥ in Thousands, $ in Thousands
Jun. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Jun. 01, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 27, 2019
USD ($)
Dec. 27, 2019
CNY (¥)
Assets acquired:            
Cash and cash equivalents     $ 13,680      
Other receivable     2,060      
Liabilities and equity assumed            
Accounts and other liabilities     (7,129)      
Net assets acquired $ 4,490   $ 4,490      
Goodwill $ 2,633 $ 2,695   $ 2,774    
FAW Jilin [Member]            
Assets acquired:            
Cash and cash equivalents         $ 235,165 ¥ 1,645,169
Accounts and notes receivable         111,511 780,105
Other receivable         262 1,829
Inventory         30,766 215,232
Property, plant and equipment, net         273,142 1,910,844
Equity investment         4,773 33,391
Intangible assets         129,315 904,663
Land use right         87,970 615,419
Prepayments and other assets, current and non-current         53,820 376,512
Total assets acquired         926,724 6,483,164
Liabilities and equity assumed            
Short-term borrowing         (28,589) (200,000)
Accounts and notes payable         (160,346) (1,121,745)
Contract liabilities         (11,904) (83,276)
Accounts and other liabilities         (20,830) (145,725)
Long-term payables         (249,417) (1,744,870)
Accrued post-employment and termination benefits         (73,634) (515,130)
Other payable, current and non-current         (81,749) (571,898)
Noncontrolling interest         (88,575) (619,653)
Total liabilities and equity assumed         (715,044) (5,002,297)
Net assets acquired         211,680 1,480,867
Goodwill         2,735 19,133
Total purchase price         $ 214,415 ¥ 1,500,000