What are the achievements of Company in intelligent driving?
In addition, the Eletre and Emeya models are powered and supported by dual NVIDIA DRIVE Orin chips with 500 to 1,000 TOPS computing power to process complex data and images. The L4-ready hardware on the vehicles is capable of capturing significant amounts of high-quality information, which in turn could be used to optimize key intelligent driving algorithms, thereby helping Company remain a leader in the development of such technology. This top-class driving hardware distinguishes Company's models from competitors’ vehicles and enables them to evolve with the development of intelligent driving technology throughout their life cycle. ● Software capabilities. Company's intelligent driving research and development team has developed key intelligent driving algorithms, including cognition, decision-making, planning, and control. Intelligent driving-related testing and simulation tools are also being developed to test and train algorithms and build a foundation for cloud-based services. The advanced intelligent driving software and algorithms take into account various scenarios, including highway, urban, and parking. The Eletre and Emeya models come with L2 intelligent driving solutions such as driving assistance, parking assistance, and active safety systems upon delivery. Guided by Company's R&D leaders, the global research and development team has extensive experience in the automotive and technology industries. As of June 30, 2024, Company's R&D team consisted of 1,631 professionals with extensive knowledge in automotive engineering, software, and artificial intelligence, as well as diversified working experiences from leading vehicle manufacturers globally. Such composition ensures solid technology development capabilities, especially in intelligence and digitalization. The diversified cultural and professional background promotes the exchange of ideas from different perspectives and ensures the generation of innovations. Company established Subsidiary A in China, the arm of its in-house intelligent driving competence. Subsidiary A is committed to developing advanced intelligent driving technologies to foster global industry growth. Subsidiary A has established itself as a global premier provider of comprehensive intelligent driving solutions, including advanced intelligent driving platform software, cloud toolchains, integrated hardware and software development, and intelligent driving operation solutions. Starting from 2024, Subsidiary A has been providing end-to-end intelligent driving solutions to several leading automakers, including Counterparty A and Counterparty B. Since its inception, Team Company has won multiple Formula 1 championships, including 6 “FIA Formula 1 Drivers’ World Championships,” 7 “FIA Formula 1 Constructors’ World Championships,” and 81 “FIA Formula 1 Grand Prix Wins.” The Company brand was also awarded “Luxury Brand of the Year” at the prestigious “Luxury Briefing Awards 2019,” while the Evija received a “2020 MUSE Global Design Award.” Proprietary next-generation technology built on world-class research and development capabilities. Company has consistently been a technological pioneer in the automotive industry over the past seven decades. The company's exceptional technologies are demonstrated by its proprietary 800-volt EPA architecture, which entails supercharging capabilities, high energy conservation, and high-speed data transmission, with high adaptability that can accommodate varying battery sizes, motors, and component layouts across vehicle classes. Additionally, Company possesses leading Advanced Driver Assistance Systems (ADAS) technology with fully embedded Level 4-ready hardware capability, enabled by the world’s first deployable LiDAR system, five 360° perception coverage, and a self-developed software system for cognition, decision-making, design, and control algorithms. The operating system, Company Hyper OS, utilizes technology to create real-time 3D content for passengers. title: 4. Can you introduce the situation of the company recently disclosing to multiple automakers the output of intelligent driving solutions?  
Subsidiary A, a subsidiary of Company's intelligent driving business, has partnered with several leading automotive manufacturers to provide industry partners with intelligent driving technology and software solutions. The company has officially announced the cooperation with Counterparty A and Counterparty B, including providing high-level intelligent driving solutions such as high-speed NOA and urban NOA for the first pure electric flagship sedan under the Counterparty A brand. It provides a comprehensive set of advanced intelligent driving solutions including ADAS, highway NOA, urban NOA, and intelligent driving tool chain for Counterparty B, which is expected to be applied to a number of its commercial vehicles (such as heavy trucks, light trucks, buses, etc.) in the future. These collaborations mark key milestones in Company's successful export and commercialization of its leading technology capabilities. All domestic vehicles under the Company brand (including SUVs and sedans) can be equipped with hardware supporting L4 level intelligent driving capability to carry Company's advanced end-to-end intelligent driving service solutions. As cumulative residential vehicle deliveries continue to climb, the potential for future paid software subscription revenue is increasing. Company's intelligent driving research and development team has developed key intelligent driving algorithms, including cognition, decision-making, planning, and control. Intelligent driving-related testing and simulation tools are also being developed to test and train algorithms and build a foundation for cloud-based services. The advanced intelligent driving software and algorithms take into account various scenarios, including highway, urban, and parking. The Eletre and Emeya models come with L2 intelligent driving solutions such as driving assistance, parking assistance, and active safety systems upon delivery. On top of these functions, Company is developing end-to-end solutions for scenarios such as highway, urban, and parking, with some solutions integrated into its models as premium functions through over-the-air (OTA) updates. Furthermore, Company's intelligent driving arm, Company Robotics, has been designated to license several leading automakers to provide them with intelligent driving technology, software, and intelligent driving-related tools. ● Cloud services. Company constructed a powerful cloud infrastructure to support cloud-based services for customers. Company's cloud services fully empower intelligent driving in data compliance, model training, process optimization, and improve computing power and digital operation capabilities. New York – November 12, 2024 – Company. (“Company” or the “Company”), a leading global intelligent and luxury mobility provider, today announced its vehicle delivery results for the first ten months of 2024. Company. continues to achieve top-rate growth among traditional luxury car brands, delivering 8,631 vehicles in the first ten months of 2024. Europe and China continued to be the major markets for Company, with each region contributing about 35% and 25% of the total deliveries, respectively. In October, Company. started an open beta test for its urban NOA (Navigate on Autopilot) in key cities. Certain over-the-air updates of intelligent driving, including highway assistant driving functions, were launched in Europe. As previously announced, Subsidiary A, Company's intelligent driving arm, provides intelligent driving solutions with global coverage to both Company-brand intelligent vehicles and other global leading auto conglomerates such as Counterparty A, Counterparty B, and a top Japanese Tier-one supplier. In October, Company. was awarded the Highly Commends honor at the Reuters Sustainability Awards 2024 in the Business Transformation category as the only awardee from the automotive industry. Note 1: Invoiced deliveries, including commissioned deliveries in the US market. Company Intelligent Driving research and development commenced as early as 2018. Company is committed to building the best platform for advanced intelligent driving technologies and has strong in-house research and development capabilities, which include cognition, decision-making, planning, and control. Company supports end-to-end intelligent driving technologies with expertise in best-in-class hardware, advanced software and algorithms, and powerful cloud solutions. The intelligent driving R&D teams in Germany and China have extensive experience in homologation and a deep understanding of the behaviors and preferences of local customers. ● Intelligent driving hardware. Company has invested significant resources into the development of hardware, and L4-ready hardware is embedded in its vehicles. The deployable LiDAR technology is capable of all-around perception coverage with seven HD cameras of eight-megapixel, six long/short-range millimeter-wave radars, among which the front and rear are image radars, four 128-line LiDARs, 12 ultrasonic radars, one in-car camera, and four around-view cameras. By combining radars and LiDARs with camera sensors, Company's battery electric vehicle (BEV) lifestyle models can capture speed and other information on the road to support high-level intelligent driving functions. ● Intelligent driving hardware. Company has invested significant resources into the development of hardware, and L4-ready hardware is embedded in its vehicles. The deployable LiDAR technology is capable of all-around perception coverage with seven HD cameras of eight-megapixel, six long/short-range millimeter-wave radars, among which the front and rear are image radars, four 128-line LiDARs, 12 ultrasonic radars, one in-car camera, and four around-view cameras. By combining radars and LiDARs with camera sensors, Company's battery electric vehicle (BEV) lifestyle models can capture speed and other information on the road to support high-level intelligent driving functions. In addition, the Eletre and Emeya models are powered and supported by dual NVIDIA DRIVE Orin chips with 500 to 1,000 TOPS computing power to process complex data and images. The L4-ready hardware on the vehicles is capable of capturing significant amounts of high-quality information, which in turn could be used to optimize key intelligent driving algorithms, thereby helping Company remain a leader in the development of such technology. This top-class driving hardware distinguishes Company's models from competitors’ vehicles and enables them to evolve with the development of intelligent driving technology throughout their life cycle. ● Software capabilities. On top of these functions, Company is developing end-to-end solutions for scenarios such as highway, urban, and parking, with some solutions integrated into its models as premium functions through over-the-air (OTA) updates. Furthermore, Company's intelligent driving arm, Company Robotics, has been designated to license several leading automakers to provide them with intelligent driving technology, software, and intelligent driving-related tools. ● Cloud services. Company constructed a powerful cloud infrastructure to support cloud-based services for customers. Company's cloud services fully empower intelligent driving in data compliance, model training, process optimization, and improve computing power and digital operation capabilities. Company has integrated these hardware, software, and cloud capabilities to develop a full stack of advanced intelligent driving technologies, which enable Company vehicles to perceive and intelligently react to their surroundings, thereby enhancing the driving experience. By combining powerful algorithms, HD cameras, radars, and high-precision mapping capabilities, Company vehicles are able to precisely perceive their surroundings in stereoscopic display. Company vehicles then dynamically react to their perceived surroundings by leveraging customized planning and control algorithms. Taken together, Company's intelligent driving solution offers a smooth and intelligent driving experience to drivers, even under extreme road conditions. Company has integrated these hardware, software, and cloud capabilities to develop a full stack of advanced intelligent driving technologies, which enable Company vehicles to perceive and intelligently react to their surroundings, thereby enhancing the driving experience. By combining powerful algorithms, HD cameras, radars, and high-precision mapping capabilities, Company vehicles are able to precisely perceive their surroundings in stereoscopic display. Company vehicles then dynamically react to their perceived surroundings by leveraging customized planning and control algorithms. Taken together, Company's intelligent driving solution offers a smooth and intelligent driving experience to drivers, even under extreme road conditions. Company has developed an electrical, instrumentation, and control (EIC) system, which enhances the efficiency and performance of battery electric vehicle (BEV) models. With the EIC system, Company is pioneering the release of 800-volt architecture and incorporating high-power motors into the e-mobility system. In addition, Company's supercharging design features significant charging efficiency to ensure the consistently strong performance of its e-mobility system.
Recently, Company disclosed the output of its intelligent driving solutions to multiple automakers. As the intelligent driving business continues to develop, Company expects this business to continue contributing high profit revenue and driving rapid growth in its performance. Aside from the EPA, Company has developed a leading Advanced Driver Assistance System (ADAS) with fully embedded Level 4-ready hardware capabilities enabled by the world’s first deployable LiDAR system and proprietary software system. Company's wholly-owned R&D facilities across Europe and China demonstrate a seamless collaboration among highly experienced and dedicated Company teams to support its world-class R&D capabilities. Company brings customers a luxury retailing experience through a digital-first, omni-channel sales model to establish and develop direct relationships with customers, covering the entire spectrum of customer experience, both physically and virtually. Company operates premium stores in high-footfall locations, providing personalized and exclusive services to create a luxurious purchasing experience for its customers. The global sales digital platform provides a full suite of luxury retailing experiences, including a virtual showroom of the Company brand and products, an inquiry, order, purchasing and customization platform, and a reservation system for test driving, product delivery, and aftersales services, among others. Customers are offered a wide range of options for customization, including exterior, interior, and other functions and features. Company is in the process of transforming from a British sports car company to a global pioneer of high-performance lifestyle electric vehicles and has set high quality and safety standards for and makes continuous improvements on its vehicles and technologies, including sensory hardware and ADAS software. Company also plans to monetize its R&D capabilities by licensing its intellectual properties to other luxury auto brands and providing ADAS software subscriptions to its customers. Continue to launch new models and upgrade existing models. The successful launches of new models are critical for Company to continue capturing market share in the luxury BEV market and strengthening its leadership position. Company plans to launch a well-balanced portfolio of new models with exceptional performance in the coming years to broaden its customer base, in particular high net worth individuals and the tech-savvy younger generations, and expand its product breadth. Company plans to launch two additional fully-electric vehicles over the next two years, including a D-segment SUV in 2025 and a BEV lifestyle sports car in 2026. Company also intends to upgrade its models to equip its vehicles with innovative technology and design. Focus on sustainability and lead in electrification. Apart from top hardware configuration, Company also develops its own Hyper OS cabin operating system with the “UNREAL Engine” to support real-time rendering and optimize 3D content and experiences. The operating system enables the screens to achieve a stable 60 frames per second refresh rate and smooth transitions among different cabin functions. ● Vehicle connectivity. The connectivity features are built for multi-vehicle connection scenarios, allowing for high-speed transmission of data among vehicles and with third parties. To enhance the connectivity functions within the vehicle, Company has onboarded 5G high-speed mobile networks for external downloads and gigabit ethernet for efficient internal connections among vehicle modules. The Bluetooth 5.2 and ultra-wideband digital keys serve as critical supplements to vehicle connectivity functions for high-quality data transfer. Engineering Design The lightweight vehicle design and vehicle aerodynamics are the most noteworthy engineering features of Company's BEV models. Company also provides engineering design consultancy services to external OEMs. ● Aerodynamic efficiency. Company has proprietary and patented technologies related to aerodynamics, including wedge-shaped car designs, air intakes, and airfoils, and the electric vehicle portfolio inherits the aerodynamics design heritage. Company is advancing its sustainability and electrification efforts through the Vision 80 strategy, focusing on intelligent performance. This strategy includes the introduction of the Electric Company Driving Experience, which aims to enhance driving pleasure and further sustainability goals. Key developments in their technology roadmap include the 800V Hyper EV Technology, which provides an instant power pure electric drivetrain and hyper charging technology with ultra-fast plug-in charging. The 900V Hyper Hybrid EV Technology by Company integrates an instant power hybrid electric drivetrain alongside dual hyper charging technology, offering ultra-fast plug-in and on-the-drive charging. This technology boasts a combined driving range exceeding 1,100 kilometers, and its charging capabilities rival industry-leading standards such as battery swaps. The on-the-drive charging offers a consumption rate five times that of typical driving, ensuring consistent electric performance even under extreme conditions. E-mobility Platform Company has developed an electrical, instrumentation, and control (EIC) system, which enhances the efficiency and performance of battery electric vehicle (BEV) models. With the EIC system, Company is pioneering the release of 800-volt architecture and incorporating high-power motors into the e-mobility system. In addition, Company's supercharging design features significant charging efficiency to ensure the consistently strong performance of the e-mobility system. ● Pioneering 800-volt architecture. Company has launched an 800-volt electric platform by doubling the voltage to meet customers’ high-power demand in battery electric vehicles (BEVs). This pioneering design can increase the efficiency of energy utilization and reduce the overall weight of vehicles. ● High-power motors. The Eletre and Emeya models come with two electric motors, one driving the front wheels and another driving the rear wheels. The high-power motor driving the rear wheels is developed by Company with a maximum output of 450 kW. This motor also incorporates an 800-volt SiC inverter and two-speed gearboxes to achieve acceleration from zero to 100 km per hour within three seconds and to maintain strong vehicle power performance at the highest speed of 265 km per hour. ● Supercharging feature. Company equips its vehicles with certain advanced driver assistance features. Generally, laws pertaining to driver assistance features and intelligent driving vehicles are evolving globally and, in some cases, may create restrictions on advanced driver assistance or intelligent driving features that Company may develop. Company aims to meet the requirements for each product, market, and time frame. The Automated and Electric Vehicles Act 2018 provides a framework for Advanced Driver Assistance Systems (ADAS) regulations in the U.K. The Act allows for the creation of a new liability scheme for insurers in relation to automated vehicles, and the establishment of regulations concerning electric vehicle charging infrastructure, including availability and reliability standards. In January 2022, the Law Commission published a report with recommendations for a new legal framework to support the safe deployment of automated vehicles. The recommendations included codifying the test for automated driving into law and introducing a second stage in the type approval process to authorize vehicles for use as automated driving on Great Britain roads. These recommendations have been laid before Parliament and are being considered as part of the government’s broader plans to legislate on automated vehicles. In addition, Advanced Driver Assistance Systems (ADAS) technology is subject to considerable international regulatory uncertainty as the laws in different jurisdictions that Company operates in evolve to catch up with the rapidly evolving nature of the technology itself, all of which is beyond Company's control. There is a variety of international, federal, and state regulations that may apply to intelligent driving and driver-assisted vehicles. For example, in the EU, certain vehicle safety regulations apply to intelligent driving braking and steering systems, and certain treaties also restrict the legality of certain higher levels of self-driving vehicles. In the U.K., The Automated and Electric Vehicles Act 2018 provides a framework for ADAS regulations in the U.K. In the U.S., there are currently no federal regulations imposing additional mandatory safety or performance requirements on intelligent driving vehicles. Certain states have legal restrictions on intelligent driving vehicles, and many other states are considering them. There can be no assurance that Company will be able to compete effectively with alternative vehicles or source and integrate the latest technology into its vehicles, against the backdrop of the rapidly evolving industry. Even if Company is able to keep pace with changes in technology and develop new models, its prior models could become obsolete more quickly than expected, potentially reducing the return on investment. Developments in alternative technologies, such as advanced diesel, ethanol, fuel cells, or compressed natural gas, or improvements in the fuel economy of internal combustion engines, may materially and adversely affect Company's business and prospects in ways the company does not currently anticipate. For example, compressed natural gas may emerge as consumers’ preferred alternative to petroleum-based propulsion. Any failure by Company to successfully react to changes in existing technologies could materially harm the company's competitive position and growth prospects. The image showcases several aspects of Company's Advanced Driver Assistance Systems (ADAS). These systems include intelligent lane merging capabilities, where vehicles can smoothly transition between lanes on highways, enhancing safety and efficiency. Additionally, there is a focus on the game-theoretic model for lane-changing, allowing vehicles to make informed decisions in real-time traffic scenarios. The technology also supports successful curvature turns, facilitating precision in navigating winding roads. Furthermore, an optimal lane selection feature is highlighted, empowering vehicles to choose the most efficient and safe path, demonstrating Company's commitment to cutting-edge driving technology. Company has taken a decisive path in developing electric vehicle-related technologies to achieve a fully-electric product portfolio. Company will further establish its strong technology identity, which will be reflected in future electrified models. Bearing the mentality of an outright technology electric vehicle brand, Company is leading in vehicle intelligence and digitalization, such as having a smarter Advanced Driver Assistance System (ADAS) and a more immersive infotainment system. Company believes the combination of intelligence, digitalization, and quality will enable the company to achieve technological advantages. Architecture and Chassis Platform Eletre is built on an all-new proprietary 800-volt Electric Power Architecture (EPA) with an integrated high-voltage power distribution system. This architecture utilizes aluminum and high-tensile steel for optimal structural rigidity. The EPA's battery system enables an intelligent heat management operating system for maximum energy conservation. Equipped with all-wheel drive and an electric motor, Eletre can deliver a top speed of 265 km per hour with a maximum torque of 985 Nm and can reach up to 905 hp. The Electric Power Architecture (EPA) adopts a highly adaptable design and inherits Company's lightweight philosophy. To the extent state data privacy laws apply to Company and its products or services, Company aims to ensure compliance with the requirements of those laws. There can be no assurance that Company will be able to compete effectively with alternative vehicles or source and integrate the latest technology into its vehicles, against the backdrop of the rapidly evolving industry. Even if Company is able to keep pace with changes in technology and develop new models, its prior models could become obsolete more quickly than expected, potentially reducing the return on investment. Developments in alternative technologies, such as advanced diesel, ethanol, fuel cells, or compressed natural gas, or improvements in the fuel economy of internal combustion engines, may materially and adversely affect Company's business and prospects in ways that the company does not currently anticipate. For example, compressed natural gas may emerge as consumers’ preferred alternative to petroleum-based propulsion. Any failure by Company to successfully react to changes in existing technologies could materially harm the company's competitive position and growth prospects. Company is subject to risks associated with intelligent driving technology and uncertain and evolving regulations pertaining to intelligent driving in jurisdictions where the company operates. Company relies on third-party suppliers for certain technologies and components used in its Advanced Driver Assistance Systems (ADAS), and any defects in or quality issues with those technologies and components could result in actual or perceived quality issues with its vehicles. Company plans to enhance and expand the intelligent driving capabilities of its vehicles through ongoing research and development. However, Company cannot guarantee that its vehicles will achieve the targeted assisted or intelligent driving functionality within the projected timeframe, or ever. In addition, intelligent driving, as an evolving and complex technology, is subject to risks, and from time to time there have been accidents associated with such technology. The safety of such technology depends in part on user interaction, and users may not be accustomed to using such technology. To the extent accidents associated with Company's future intelligent driving technology occur, the company could be subject to liability, government scrutiny, and further regulation. Any of the foregoing could materially and adversely affect Company's brand image, financial condition, results of operations, and growth prospects. Company Robotics, a wholly owned subsidiary of Company, provides intelligent driving solutions with a broad global reach, serving both Company-branded intelligent vehicles and other prominent auto industry partners. The company offers a comprehensive range of intelligent driving, research, and development solutions. These services include the procurement and innovation of intelligent driving software and hardware, spearheaded by leading algorithms like the One Model and L2&L2+ ADAS software upgrades. Their solutions have global cloud and data center coverage, ensuring seamless operation. The Advanced Driver Assistance Systems (ADAS) and PAS solutions have been successfully delivered across regions including Europe, Asia, the GCC, North America, and Oceania. Notably, the Highway Assistant functions have seen recent upgrades in Europe. Company Robotics has established a strong track record and customer relationships, collaborating with multiple brands within the Counterparty A ecosystem and other distinguished clients such as a leading European conglomerate and a top-tier Japanese supplier. See “Government Regulations    —    Global Government Regulations    —    Regulations on Automated Driving/Advanced Driver Assistance System (AD/ADAS).” For discussion on regulations on ADAS technology in China, see “Government Regulations    —    PRC Government Regulations    —    Regulations on Intelligent Connected Vehicles and Autonomous Driving.” Intelligent driving laws and regulations are expected to continue to evolve in numerous jurisdictions globally, which increases the likelihood of a patchwork of complex or conflicting regulations that may delay Company's products or restrict intelligent driving features and availability, which could adversely affect the company's business. Company's vehicles may not achieve the requisite level of autonomy that may be required in some countries or jurisdictions for certification and rollout to consumers or may not satisfy changing regulatory requirements, which could require Company to redesign, modify, or update its Advanced Driver Assistance Systems (ADAS) hardware and related software systems. Any such requirements or limitations could impose significant expenses or delays and could harm Company's competitive position, which could adversely affect the company's business, prospects, results of operations, and financial condition. Company is a leading global intelligent and luxury mobility provider that designs and develops luxury lifestyle vehicles (non-sports car vehicles for daily usage) under the iconic British brand “Company” and sells all Company-branded cars. With over seven decades of racing heritage and proven leadership in the automotive industry, the Company brand symbolizes market-leading standards in performance, design, and engineering. Fusing proprietary next-generation technology built on world-class research and development capabilities and an asset-light model empowered by Counterparty A, Company is breaking new ground in electrification, digitization, and intelligence. The Company brand was founded in the U.K. in 1948 and has since established itself as a high-performance sports car brand with innovative engineering and cutting-edge technologies, renowned for its superior aerodynamics and lightweight design. The Company brand was born out of legendary success on the racetrack, including 13 FIA Formula 1 world titles and many other championship honors. In 2017, Counterparty A acquired a 51% stake in Subsidiary A and further positioned the company as a luxury lifestyle battery electric vehicle (BEV) maker. The one-box brake system is another highlight that increases vehicle flexibility, where a de-coupled system design enables a sports car-like brake pedal feel in combination with improved energy regeneration during braking maneuvers. Company Intelligent Driving research and development commenced as early as 2018. Company is committed to building the best platform for advanced intelligent driving technologies and has strong in-house research and development capabilities, which include cognition, decision-making, planning, and control. Company supports end-to-end intelligent driving technologies with expertise in best-in-class hardware, advanced software and algorithms, and powerful cloud solutions. The intelligent driving research and development teams across Europe and China have extensive experience in homologation and a deep understanding of the behaviors and preferences of local customers. Company equips its vehicles with certain advanced driver assistance features. Generally, laws pertaining to driver assistance features and intelligent driving vehicles are evolving globally and, in some cases, may create restrictions on advanced driver assistance or intelligent driving features that Company may develop. Company aims to meet the requirements for each product, market, and time frame. Company relies on third-party suppliers for certain technologies and components used in its Advanced Driver Assistance Systems (ADAS), and any defects in or quality issues with those technologies and components could result in actual or perceived quality issues with its vehicles. Company plans to enhance and expand the intelligent driving capabilities of its vehicles through ongoing research and development. However, Company cannot guarantee that its vehicles will achieve the targeted assisted or intelligent driving functionality within the projected timeframe, or ever. In addition, intelligent driving as an evolving and complex technology is subject to risks, and from time to time there have been accidents associated with such technology. The safety of such technology depends in part on user interaction, and users may not be accustomed to using such technology. To the extent accidents associated with Company's future intelligent driving technology occur, the company could be subject to liability, government scrutiny, and further regulation. Any of the foregoing could materially and adversely affect Company's brand image, financial condition, results of operations, and growth prospects. The vehicle delivery numbers presented above are derived from reports submitted by Company's business units. These numbers may differ slightly from the vehicle delivery numbers recorded in the financial accounting and reporting systems announced or to be announced by the company. Company is a leading global intelligent and luxury mobility provider that designs and develops luxury lifestyle vehicles (non-sports car vehicles for daily usage) under the iconic British brand “Company” and sells all Company-branded cars. With over seven decades of racing heritage and proven leadership in the automotive industry, the Company brand symbolizes market-leading standards in performance, design, and engineering. Fusing proprietary next-generation technology built on world-class research and development capabilities and an asset-light model empowered by Counterparty A, Company is breaking new ground in electrification, digitization, and intelligence. The Company brand was founded in the U.K. in 1948 and has since established itself as a high-performance luxury vehicle brand with innovative engineering and cutting-edge technologies, renowned for its superior aerodynamics and lightweight design. The Company brand was born out of legendary success on the racetrack, including 13 FIA Formula 1 world titles and many other championship honors. In 2017, Counterparty A acquired a 51% stake in Company and further positioned the company as a luxury lifestyle battery electric vehicle (BEV) manufacturer. Underpinned by Company's proprietary 800-volt architecture and high-power motors, the company has developed a 420 kW supercharging solution. The supercharging feature can electrify the battery level from 10% to 80% within 20 minutes and reach a range of 120 km with five minutes of charging time. Company is improving the performance of its supercharging solutions to further reduce the charging time. Digitalized Cabin and Connectivity Adhering to Company's driver-centric design philosophy, the company digitalized its cabin design and implemented connectivity features to meet drivers’ expectations in vehicle digitalization and connectivity. By combining configuration and software systems together, Company provides optimized intelligent cabin experiences in driving, entertainment, and interactions for its customers. ● Cabin configuration. The cabin of the Eletre and Emeya is equipped with best-in-class hardware, including the latest chips and HUD screen technologies. Company has onboarded dual Qualcomm 8155 chips to provide accelerated graphic rendering and higher data transmission speeds. The multi-screen cabin setup provides customers with convenient and immersive control over the infotainment system. ● Cabin operating system. For example, the unique porosity design can reduce the low drag coefficient of the Eletre to 0.26, making it easier to pass through the surrounding air. In addition, the active rear spoiler and active air intake grille designs enable the Eletre to achieve considerable vehicle downforce for optimal stability at high speeds. ● Lightweight vehicle design. The “lightweight” design philosophy is key to Company's heritage, and the company continues to innovate in the use of materials and in designing new processes to reduce vehicle weight. For example, Company has designed 17 kinds of welding processes to realize lightweight vehicle mass production. The lightweight design enables BEV models to have faster straight-line acceleration, increased range, and extraordinary handling.