DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION - Consideration Transferred (Details) - USD ($) $ in Thousands	3 Months Ended
Mar. 31, 2022	Mar. 31, 2021
Cash transferred	$ 2,940	$ 1,617
BorgWarner Romeo Power LLC
Cash transferred	28,614
Carrying amount of the Company’s equity method investment in the JV	1,057
Transaction costs	8,446
Total	38,117
BorgWarner Romeo Power LLC \| In Process Research and Development
Cash transferred	38,117
Cash received	(3,025)
Liabilities assumed	310
Total	$ 35,402

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Asset Acquisition, Consideration Transferred, Liabilities Assumed

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Amount of consideration transferred in asset acquisition. Includes, but is not limited to, cash, liability incurred by acquirer, and equity interest issued by acquirer.

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Amount of acquirer's equity interest issued and issuable as part of consideration transferred in asset acquisition.

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Amount of transaction cost incurred as part of consideration transferred in asset acquisition.

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The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets.

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