XML 32 R15.htm IDEA: XBRL DOCUMENT
v3.25.1

Inventories | 12 Months Ended
--- | ---
Dec. 31, 2024
Inventory Disclosure [Abstract] |
Inventories | Inventories Inventory amounted to $36.6 million and $37.8 million, respectively, for the years ended December 31, 2024 and 2023 and consisted of the following (in thousands):
|  | December 31, 2024 |  | December 31, 2023
Raw materials |  | $ | 24,943 |  |  | $ | 30,357 |
Work in process |  | 6,983 |  |  | 3,033 |
Finished goods |  | 4,641 |  |  | 4,453 |
Total inventories |  | $ | 36,567 |  |  | $ | 37,843 |
Inventories as of December 31, 2024 and 2023 were comprised of raw materials, work in process related to the production of vehicles, powertrains, Hubs, and other products for sale and finished goods inventory including vehicles in transit to fulfill customer orders, new vehicles, new vehicles awaiting final pre-delivery quality review inspection, and Xos Energy Solutions products available for sale. Inventories are stated at the lower of cost or net realizable value. Cost is computed using average cost. Inventory write-downs are based on reviews for excess and obsolescence determined primarily by current and future demand forecasts. During the years ended December 31, 2024 and 2023, the Company recorded write-downs of $2.9 million and inventory recoveries of $1.9 million, respectively, to reflect inventories at their net realizable values and provide an allowance for any excess or obsolete inventories.

X
- References No definition available. + Details
Name: | us-gaap_InventoryDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
Name: | us-gaap_InventoryDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration