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Property and Equipment, Net
 9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
The following table presents the components of the Company’s property and equipment, net ($ in thousands):
September 30, 2023December 31, 2022
Office equipment1,024 977 
Electronic equipment8,757 7,416 
Vehicle196 202 
Laboratory equipment19,858 18,726 
Manufacturing equipment16,865 17,055 
Leasehold improvements11,153 11,300 
Construction in progress25,019 24,251 
82,872 79,927 
Less: accumulated depreciation(27,590)(22,064)
Property and equipment, net55,282 57,863 
Depreciation expense was $1.8 million and $6.1 million for the three and nine months ended September 30, 2023, respectively, and $2.1 million and $5.7 million for the three and nine months ended September 30, 2022, respectively.