v3.24.0.1
Property, Plant and Equipment, Net
 12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net Property, Plant and Equipment, Net
The following table provides information about property, plant and equipment, net balances:
December 31,
Useful lives20232022
Equipment5—10 years$20,559 $23,653 
Finance lease5—years504 379 
Furniture5—10 years2,103 1,868 
Leasehold improvementsLesser of useful life/remaining lease7,718 6,303 
Tooling2—3 years7,045 6,926 
Construction in progress
17,958 — 
     Total55,887 39,129 
Less: Accumulated depreciation(18,032)(11,960)
     Total property, plant and equipment, net$37,855 $27,169 
Depreciation expense related to property, plant and equipment was $9,668 and $6,774 during the years ended December 31, 2023 and 2022, respectively. For the years ended December 31, 2023 and 2022, the Company recorded a loss from write-down of property, plant and equipment of $7,159 and $6,846, respectively, mainly due to replacement of equipment, outsourcing of certain production processes, and the shift in production from the Gen 2.3 battery system to the Z3™ battery system.
Included in construction in progress assets is capitalized interest costs of $966 as of December 31, 2023. Depreciation will commence after the assets under construction are placed in service.