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Property, Plant, and Equipment, Net
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment, Net Property, Plant, and Equipment, Net
Property, plant, and equipment, net, consists of the following as of:
(in thousands)
December 31, 2025December 31, 2024
Land, buildings and building improvements$78,218 $111,443 
Computer hardware2,603 2,397 
Tooling, machinery and equipment120,792 319,313 
Vehicles699 245 
Lease vehicles1,390 3,121 
Computer software4,339 4,339 
Construction in process8,500 27,563 
216,541 468,421 
Less: Accumulated depreciation(61,238)(119,834)
$155,303 $348,587 
Depreciation and amortization expense, related to property, plant, and equipment, totaled 64.8 million and $71.4 million for the years ended December 31, 2025 and 2024. For the year ended December 31, 2025, the Company disposed of property, plant, and equipment, with a carrying value of approximately $5.0 million. For the year ended December 31, 2024, the Company disposed of property, plant, and equipment, with a carrying value of approximately $4.6 million.

During 2025, the Company identified impairment triggering events and performed an impairment assessment under ASC 360. As described in Note 1 Summary of Significant Accounting Policies—Impairment of Long-Lived Assets, these events included the elimination of federal electric vehicle tax credits, escalating U.S.–China trade tensions, and the Company’s market capitalization relative to carrying value. Based on this assessment and an independent third-party valuation, the Company recorded an impairment charge of $128.9 million for the year ended December 31, 2025, including impairment of Construction in progress of $10.1 million. There were no impairment charges for the year ended December 31, 2024. The impairment loss is included within Impairment of long-lived assets and deposits on the Consolidated Statements of Operations and Comprehensive Loss.
The impairment relates primarily tooling, machinery, and equipment at vendor sites and at the Company’s FF aiFactory California production facility in Hanford, California, that are no longer supported under updated operational plans, as the Company shifts focus from FF 91 program activities to the planned FF 92 upgrade and prepares for FX Super One production.

Substantially all of the Company's assets, including property, plant and equipment, are subject to liens under various financing arrangements. See Note 8, Notes Payable, and Note 10, Other Financing Liabilities, for further details.