| | 2024 | 2025 | | | --- | --- | --- | --- | | | Second | Second | % Change | | Battery Business | Quarter | Quarter | YoY | | Net Revenues ($) | 35,598,124 | 21,090,137 | -40.8 | | Gross Profits ($) | 12,917,293 | 3,411,633 | -73.6 | | Gross Margin | 36.3% | 16.2% | - | | Net Income ($) | 7,892,641 | (2,071,334 ) | -126.2 | | Net Revenues from Battery Business on | | | | | Applications ($) | | | | | Electric Vehicles | 199,258 | 142,139 | -28.7 | | Light Electric Vehicles | 1,825,501 | 2,426,624 | 33 | | ...