v3.25.2
Property, Plant, and Equipment, Net
 6 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment, Net Property, Plant, and Equipment, Net
Property, plant, and equipment, net, consists of the following as of:
(in thousands)
June 30, 2025December 31, 2024
Land, buildings and leasehold improvements$116,147 $111,443 
Computer hardware2,397 2,397 
Tooling, machinery and equipment325,967 319,313 
Vehicles765 245 
Lease vehicles1,872 3,121 
Computer software4,339 4,339 
Construction in process20,214 27,563 
471,701 468,421 
Less: Accumulated depreciation(156,717)(119,834)
$314,984 $348,587 
The Company’s CIP is primarily related to the construction of tooling, machinery and equipment for the FF ieFactory California. Tooling, machinery, and equipment are either held at Company facilities, primarily the FF ieFactory California, or at the vendor’s location until the tooling, machinery and equipment is completed.
Depreciation and amortization expense totaled $19.8 million and $18.1 million for the three months ended June 30, 2025 and 2024, respectively and $37.3 million and $35.8 million for the six months ended June 30, 2025 and 2024. For the six months ended June 30, 2025, the Company disposed of property, plant, and equipment, which included the derecognition of approximately $0.3 million in accumulated depreciation.