v3.26.1
SEGMENT INFORMATION
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company’s business includes the design, development, manufacturing, sales and leasing of battery components and systems primarily for electric commercial vehicles and energy storage systems. Revenue, classified by major geographic region in which the customers are located, is disclosed in Note 12. The Chief Executive Officer (“CEO”), as the CODM, organizes the Company as a single operating and reportable segment. The CODM uses operating income to allocate operating and capital resources and assesses performance by comparing actual operating income results to historical results and previously forecasted financial information. The measure of operating income is reported on the consolidated statements of operations as operating income. The segment assets are reported on the consolidated balance sheets as total assets.
Long-lived assets, classified by major geographic regions, are as follows (in thousands, except percentages):
Geographic regionsMarch 31,
2026
December 31,
2025
Amount%Amount%
China$345,751 66 %$345,148 66 %
Asia & Pacific345,751 66 %345,148 66 %
Germany14,560 %15,291 %
United Kingdom17 — %20 — %
Europe14,577 3 %15,311 3 %
United States161,376 31 %159,168 31 %
Total$521,704 100 %$519,627 100 %