−Removed: We have leased facilities located in Woburn, Massachusetts in the United States, Shanghai, China, and Chungju and Seoul, South Korea.
+Added: We have leased facilities located in Woburn, Massachusetts in the United States, in the vicinity of Woburn, Massachusetts, Shanghai, China, and Chungju and Seoul, South Korea.
Our Woburn facility, which also serves as the Company’s headquarters, focuses on chemistry, material and algorithm research and development, as well as engaging with our OEM and strategic partners.
+Added: We also leased a facility near our Woburn facility for an electrolyte foundry, which we started using in January 2024.
+Added: This facility will focus on novel electrolyte molecule discovery and synthetic pathway development.
Our Shanghai facility focuses on supply chain development, manufacturing process development, battery cell development and production, AI software, BMS and module development.
1 unchanged sentence
We have also set up an office in Seoul focused on supply chain, customer relations and our collaboration with partners in the region.
+Added: For more information, see “Leases” in Note 12 to the consolidated financial statements included in Item 8 of this Form 10-K.
Legal Proceedings
3 unchanged sentences
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.