−Removed: ITEM 1A RISK FACTORS
−Removed: In addition to the other information set forth in this report, you should carefully consider the risk set forth below and the risk factors as described in Part I, Item 1A, ”Risk Factors”, in our Annual Report on Form 10-K/A for the year ended December 31, 2020.
−Removed: The revenues generated from our e-Mobility business are dependent on orders from a leading automotive manufacturer.
−Removed: The automotive industry is facing significant shortages of components for their assembly and their slowdown in manufacturing could delay orders of our powertrain kits.
−Removed: The automotive industry is facing significant shortages of components, including semiconductors due in large part to strong cross-industry demand, which has presented challenges and production disruptions globally.
−Removed: Many leading automotive manufacturers have announced that these shortages will remain constrained and could extend into 2023.
−Removed: As a result, our customer has announced temporary suspensions of its manufacturing due to component shortages.
−Removed: These suspensions may cause delays of orders for our powertrain units and an accumulation of inventory related to the production of these products, which in turn may have an adverse effect on our revenues and other financial results from this business.
−Removed: ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: ITEM 3 DEFAULTS UPON SENIOR SECURITIES
−Removed: ITEM 4 MINE SAFETY DISCLOSURES
−Removed: Not applicable.
+Added: addition to the other information set forth in this report, you should carefully consider the risk set forth below and the risk factors
+Added: as described in Part I, Item 1A, ”Risk Factors”, in our Annual Report on Form 10-K for the year ended December 31, 2021.
+Added: in our global supply chain and rising prices of oil and raw materials as a result of the conflict between Russia and Ukraine may adversely
+Added: affect our businesses and results of operations.
+Added: conflict that began between Russia and Ukraine in late February 2022, and the recent recognition by Russia of the independence of the
+Added: self-proclaimed republics of Donetsk and Luhansk, in the Donbas region of Ukraine, may significantly amplify already existing disruptions
+Added: to our supply-chain and logistics.
+Added: Specifically, the conflict may disrupt the transit of goods by train from China to Europe, result in
+Added: an increase in prices of certain raw materials sourced in Russia (such as nickel and aluminum) that we use in the manufacture of our products
+Added: as well as increase oil prices that will in turn cause overall shipping costs to rise.
+Added: In addition, the governments of the United States,
+Added: the European Union, Japan and other jurisdictions have announced sanctions on certain industry sectors and parties in Russia and
+Added: the regions of Donetsk and Luhansk, as well as enhanced export controls on certain products and industries.
+Added: These and any additional sanctions,
+Added: as well as any counter responses by the governments of Russia or other jurisdictions, could adversely affect the global financial markets
+Added: generally and levels of economic activity as well as increase financial markets volatility.
+Added: Our compliance with these measures, and any
+Added: additional measures or sanctions, as well as the resulting rise in prices of oil and certain raw materials sourced in Russia may disrupt
+Added: our business and results of operations and/or adversely affect the pricing of our products.
+Added: Unregistered Sales of Equity Securities and Use of Proceeds.
+Added: Defaults upon Senior Securities.
+Added: Mine Safety Disclosures
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.