Other non-current liabilities

12 Months Ended

Dec. 31, 2023

Other Liabilities Disclosure [Abstract]

Other non-current liabilities

Other non-current liabilities

Other non-current liabilities consists of the following as of December 31, 2023 and 2022 (in thousands):

	As of December 31,
	2023		2022
Reservations from customers	$	—	$	15,334
Asset retirement obligation	516		—
Total other non-current liabilities	$	516	$	15,334

Asset Retirement Obligation

The asset retirement obligation (“ARO”) represents the fair value of costs to remove tooling at the Magna facility at the end of the contractual arrangement with Magna. The balance of the ARO will increase over time until the costs to remove the assets are incurred. The increase in the ARO is attributable to an accretion expense recorded in Selling, general and administrative expenses in the Consolidated Statement of Operations, which was not material in 2023.