ACQUISITION OF MORNING STAR (Tables)

12 Months Ended

Dec. 31, 2025

Morning Star

ACQUISITION OF MORNING STAR

Schedule of fair value of major classes of assets acquired and liabilities assumed which comprised of net tangible assets

	August 22,
	2023
Net tangible assets	$	420
Technologies (1)		13,972
Goodwill		38,201
Deferred tax liabilities		(3,493)
Total purchase consideration	$	49,100

(1) The following is a reconciliation of the fair value of major classes of assets acquired and liabilities assumed which comprised of net tangible assets on August 22, 2023.

(2) The technologies are primarily related to design and manufacture of electric vehicles. The useful lives of these technologies of 6.3 years.