−Removed: Our corporate headquarters are located in Herziliya Pituach, Israel.
+Added: Our corporate headquarters are located in
+Added: Herziliya Pituach, Israel .
Leased Offices and R&D Laboratories
−Removed: As of December 31, 2021, we lease office, testing, and product design facilities in Israel.
−Removed: In May, 2021, we signed a long-term lease agreement for the development of a 38,000 square meter campus, to be built on 16.5 acres of land, in the central area of Israel.
−Removed: The campus, which is scheduled to be completed in the first half of 2025, will replace our current headquarters in Herziliya, Israel.
−Removed: In addition to our leased properties in Israel, we lease offices and lab facilities in California, Nevada, Germany, Netherlands, Italy, France, Australia, UK, Japan, Turkey, India, Bulgaria, Belgium, Taiwan, Korea and China as well as an R&D and call center in Bulgaria.
+Added: As of December 31,
+Added: 2022 , we lease office, testing, and product design facilities in Israel.
+Added: In May, 2021, we signed a long-term lease agreement for
+Added: the development of a 38,000 square meter campus, to be built on 16.5 acres of land, in the central area of Israel.
+Added: The campus, which is
+Added: scheduled to be completed in the first half of 2025, will replace our current headquarters in Herziliya, Israel.
+Added: to our leased properties in Israel, we lease offices and lab facilities in California, Nevada, Germany, Netherlands, Italy, France, Australia,
+Added: UK, Japan, Turkey, India, Bulgaria, Belgium, Taiwan, Korea, Brazil, Mexico and China as well as an R&D and call center in Bulgaria.
Manufacturing
−Removed: We outsource most of our manufacturing to our manufacturing partners.
+Added: We outsource most of our manufacturing to
+Added: our manufacturing partners.
We have our own manufacturing facility, Sella 1, in the North of Israel.
−Removed: We also have a factory in which we manufacture lithium-ion batteries for Kokam’s operations, our Korean subsidiary, and have begun construction of Sella 2, our second lithium-ion cell and battery factory in Korea.
−Removed: For our e-Mobility division, we have manufacturing facilities in Umbria, Italy for the assembly of batteries and other components for light commercial vehicles.
+Added: We also have a factory in which we
+Added: manufacture lithium-ion batteries for our storage business operations, through our Korean subsidiary (formerly Kokam), and have completed
+Added: the construction of Sella 2, our second lithium-ion cell and battery factory in Korea.
+Added: For our e-Mobility and Automation Machines divisions,
+Added: we have manufacturing facilities in Umbria, Italy for the assembly of batteries and other components for light commercial vehicles.
Owned Properties
−Removed: In addition to our leased properties, we also own manufacturing facilities in Italy, office and manufacturing facilities in South Korea, and an office space in the U.K.
−Removed: Additionally, we own land in South Korea on which we are building Sella 2, our second lithium-ion cell and battery factory in Korea.
−Removed: We believe that our existing properties are in good condition and are sufficient and suitable for the conduct of our business for the foreseeable future.
−Removed: To the extent our needs change as our business grows, we expect that additional space and facilities will be available on commercially reasonable terms.
+Added: In addition to our leased properties, we also
+Added: own manufacturing facilities in Italy, manufacturing facilities in South Korea and an office space in
+Added: We believe that our existing properties are
+Added: in good condition and are sufficient and suitable for the conduct of our business for the foreseeable future.
+Added: To the extent our needs
+Added: change as our business grows, we expect that additional space and facilities will be available on commercially reasonable terms.
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.