v3.25.2
Property, Plant and Equipment, Net (Tables)
6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment, Net.  
Schedule of property plant and equipment net

    

June 30, 2025

    

December 31, 2024

Production equipment

$

43,578

$

41,750

Laboratory equipment

14,073

12,611

Leasehold improvements

 

73,257

 

73,114

Furniture and computer equipment

 

4,478

 

4,298

Construction in progress

 

5,485

 

5,141

Total cost

 

140,871

 

136,914

Accumulated depreciation

 

(48,829)

 

(39,706)

Property, plant and equipment, net

$

92,042

$

97,208

Schedule of depreciation expense

Three Months Ended June 30, 

Six Months Ended June 30, 

    

2025

    

2024

2025

    

2024

Depreciation expense

$

4,595

$

4,061

$

9,131

$

7,966

Schedule of construction in progress

As of June 30, 2025, the Company is designing a continuous electrolyte production pilot line which it expects to be substantially complete and commissioned by the end of 2026. Additionally, the Company has built out the majority of the cell safety abuse lab to expand internal cell testing capabilities and is enhancing the capabilities of the electrolyte innovation center (the “EIC”). Construction in progress related to property, plant and equipment is summarized as follows:

Construction in progress

June 30, 2025

December 31, 2024

Continuous electrolyte pilot manufacturing line

$

3,458

$

1,194

Cell safety abuse lab

18

835

EIC

286

1,292

Other capital projects

1,723

1,820

Total

$

5,485

$

5,141