What were the delivery volumes of passenger cars and sports cars for Company in the first three quarters?
[Table Level]  
- Table Title: Sales Figures by Vehicle Type  
- Table Summary: The table provides sales figures for different vehicle types from January to September for the years 2024 and 2023, along with the year-over-year percentage change. It categorizes the sales into "Lifestyle SUV and Sedan" and "Sportscars," then displays a total for both categories.  
- Context: The table reflects the growth in vehicle sales for Company in the first nine months of 2024, highlighting a significant increase compared to the same period in 2023. This is part of Company's broader strategy to expand and innovate in the car market, including advancements in electric vehicle technology and strategic partnerships.  
- Special Notes: The percentage change is labeled as the year-over-year change (YoY).  

[Row Level]  
- Row 1: Sales of "Lifestyle SUV and Sedan" for January to September 2024 were 3,983 units, compared to 1,762 units in the same period of 2023, reflecting a 126% increase year-over-year.  
- Row 2: "Sportscars" sales for January to September 2024 amounted to 3,634 units, an increase from 1,459 units in 2023, showing a 149% year-over-year growth.  
- Row 3: The total sales for both categories from January to September 2024 reached 7,617 units, up from 3,221 units in 2023, which is a 136% year-over-year increase.
In 2023 and the six months ended June 30, 2024, Company delivered a total of 6,970 and 4,873 vehicles, respectively, consisting of lifestyle vehicles and Company-brand sports cars that were distributed through Subsidiary A. As of June 30, 2024, Company had 2,989 full-time employees globally, including in China and Europe, among which approximately 54.6% belong to the R&D division. The results of operations are affected by the following company-specific factors. The results of operations depend significantly on Company's ability to achieve vehicle delivery targets, which impacts vehicle sales revenue. It is critical for Company to successfully manage production ramp-up and quality control, in cooperation with Counterparty A, to deliver vehicles to customers in targeted volume and of high quality. Currently, Company works with a BEV manufacturing facility in Wuhan, China, which is owned and operated by Counterparty A. Why is the sales volume in China low? China is a new market for Company. In the first half of this year, China contributed 25% of the brand's deliveries, while historically, China contributed only about 5% of Company's sales. In the context of a sharp decline in sales of luxury brands in China during the first half of this year, Company still achieved double-digit sales growth in the Chinese market. China is an important market for Company. Company will continue to enhance brand awareness in China and strengthen services to increase sales. ⚫ The main reason for the low gross margin is the increase in the cost of the Emira sports car due to inflation, as well as seasonal changes in the product sales mix. ⚫ Company's Average Selling Price (ASP) remained above $100,000, achieving growth far exceeding the industry and luxury car segment. Company has taken a series of measures to respond to market changes (see below). [Table Level]
- Table Title: Breakdown of Revenues by Type
- Table Summary: The table provides a detailed breakdown of revenues by type for the years ended December 31, 2023, 2022, and 2021. It includes data on sales of goods and services revenues, expressed in thousands of US dollars and percentages of total revenues.
- Context: The table is part of a report discussing Company's diverse revenue streams, including sales of vehicles, parts, tools, and services such as automotive design and development.
- Special Notes: The numbers are presented in thousands, except for percentages.

[Row Level]
Row 1: For the year ended December 31, 2023, revenues from sales of goods amounted to US$660,158, representing 97.2% of the total revenue of US$679,008.

Row 2: For the year ended December 31, 2023, services revenues totaled US$18,850, which constituted 2.8% of the total revenue.

Row 3: For the year ended December 31, 2022, revenues from sales of goods were US$1,186, accounting for 12.4% of the year's total revenue of US$9,557.

Row 4: For the year ended December 31, 2022, services revenues were US$8,371, making up 87.6% of the total revenue.

Row 5: For the year ended December 31, 2021, sales of goods generated US$369, which was 10.0% of the total revenue of US$3,687.

Row 6: For the year ended December 31, 2021, services revenues reached US$3,318, comprising 90.0% of the total revenue. Company's total revenues increased by US$669.5 million from US$9.6 million for the year ended December 31, 2022, to US$679.0 million for the year ended December 31, 2023, primarily due to the ramp-up of sales volume of battery electric vehicle (BEV) lifestyle models and the increase in sales from the distribution of Company-brand sports cars, auto parts, and peripheral products, as well as automotive design and development services provided to original equipment manufacturer (OEM) customers. Sales of goods. Company's sales of goods revenue increased by US$659.0 million from US$1.2 million for the year ended December 31, 2022, to US$660.2 million for the year ended December 31, 2023, due to the increase in sales from battery electric vehicle (BEV) lifestyle models of US$465.3 million, sports cars of US$183.3 million, and auto parts and peripheral products of US$10.4 million. Service revenues. As of December 31, 2021, 2022, and 2023, Company had approximately 2,300, 2,913, and 3,180 full-time employees, respectively. The following table sets forth the numbers of Company's employees categorized by function as of December 31, 2023. In the first nine months of 2024, Company achieved total deliveries of 7,617 units, representing a 136% year-on-year (YoY) increase. Global allocation was relatively diversified, with each region contributing 18-35% of the total deliveries in the first nine months of 2024, powered by over 200 stores in prime locations worldwide. The European market continued to expand, with a year-on-year increase of 372% in deliveries during the first nine months of 2024. The Rest of the World region achieved a year-on-year growth of 110% as Company continued to make steady progress in its expansion into new markets. In the third quarter of 2024, the deliveries of the Emira commenced in South Africa and India, and of the Eletre in Japan, South Korea, and the Philippines. The Eletre Carbon, a high-performance variant tailored for the North American market, was revealed and is expected to commence deliveries in the first half of 2025. Deliveries of bespoke and collection versions of both the Eletre (SUV) and the Emeya (GT, Sedan) also commenced in the third quarter. Company continues to drive technological innovation to meet market demand. Company's total revenues increased by US$268.1 million from US$130.0 million for the six months ended June 30, 2023, to US$398.1 million for the six months ended June 30, 2024, primarily due to the increase in sales volume of battery electric vehicle (BEV) lifestyle models and the increase in sales from the distribution of Company-brand sports cars, auto parts, and peripheral products, as well as intelligent driving solutions and other automotive design and development services provided to original equipment manufacturer (OEM) customers. Sales of goods. Company's sales of goods revenue increased by US$258.0 million from US$124.9 million for the six months ended June 30, 2023, to US$382.9 million for the six months ended June 30, 2024, due to the increase in sales of battery electric vehicle (BEV) lifestyle models by US$190.2 million, sports cars by US$53.6 million, and auto parts and peripheral products by US$14.3 million. Service revenues. In 2023, Company delivered a total of 6,970 vehicles, consisting of lifestyle vehicles and Company-brand sports cars that were distributed through Subsidiary A. [Table Level]
- Table Title: Revenue Breakdown for the Years Ended December 31, 2022 and 2021
- Table Summary: The table provides a detailed breakdown of revenues for the years ended December 31, 2022 and 2021. The table includes sales of goods and service revenues, along with the changes in revenue amounts and percentages between the two years.
- Context: Company experienced an increase in total revenues due to sales from the distribution of Company-brand sports cars, auto parts, and automotive services.
- Special Notes: All financial figures are presented in thousands of US dollars, except for percentages.

[Row Level]
Row 1: Sales of goods in 2022 amounted to US$1,186 thousand, a significant increase of US$817 thousand or 221.4% from US$369 thousand in 2021.

Row 2: Revenues from vehicles in 2022 were US$828 thousand, which rose by US$459 thousand or 124.4% compared to US$369 thousand in 2021.

Row 3: Other sales revenues recorded in 2022 were US$358 thousand, a new entry compared to no revenue in this category in 2021.

Row 4: Service revenues grew to US$8,371 thousand in 2022, up by US$5,053 thousand or 152.3% from US$3,318 thousand in 2021.

Row 5: Total revenues for 2022 reached US$9,557 thousand, an increase of US$5,870 thousand or 159.2% from the previous year’s total of US$3,687 thousand. [Table Level]  
- Table Title: Deliveries by Model Type in the Third Quarter of 2024  
- Table Summary: The table outlines the number of units delivered for different vehicle categories in the third quarter of 2024, compared to the same period in 2023. It shows the percentage change year-over-year for each category and overall deliveries.  
- Context: Prior to the table, it was mentioned that total deliveries in the third quarter of 2024 were 2,744 units, reflecting a 54% year-over-year increase. Post-table context highlights upcoming key financial results and an earnings conference call.  
- Special Notes: The units are measured in numbers of vehicles delivered, with percentage changes shown to illustrate year-over-year growth.  

[Row Level]  
Row 1: For the third quarter of 2024, 1,594 units of Lifestyle SUVs and Sedans were delivered, compared to 891 units in the same quarter of 2023. This represents a 79% year-over-year increase.  

Row 2: For Sportscars, 1,150 units were delivered in the third quarter of 2024, up from 891 units in the third quarter of 2023, marking a 30% year-over-year increase.  

Row 3: The total deliveries reached 2,744 units in the third quarter of 2024, in contrast to 1,782 units in the same period of 2023, showing an overall 54% year-over-year increase. [Table Level]
- Table Title: Revenues and Sales Breakdown
- Table Summary: The table presents a breakdown of total revenues for Company for the years ending December 31, 2023, and 2022, with a focus on "Sales of goods" and "Service revenues." It details revenue from various categories, highlighting significant year-over-year changes.
- Context: The financial overview indicates substantial revenue growth driven by increased sales volumes in battery electric vehicle (BEV) lifestyle models and Company-brand products. The context surrounding the table emphasizes examining these metrics alongside GAAP measures for a comprehensive understanding of performance.
- Special Notes: All monetary values are in thousands of US dollars, except for percentage changes.

[Row Level]
Row 1: Sales of goods revenue for 2023 amounted to $660,158,000, marking an increase of $658,972,000 or 55,562.6% from $1,186,000 in 2022.

Row 2: Revenue from BEV lifestyle models was $465,265,000 in 2023, with no comparable revenue in 2022, indicating a significant marketing launch impact of $465,265,000.

Row 3: Sports cars generated $184,111,000 in revenue in 2023, which is an increase of $183,283,000 from $828,000 in 2022, showing a 22,135.6% growth.

Row 4: The ‘Others’ category contributed $10,782,000 to the 2023 revenue, compared to $358,000 in 2022, representing an increase of $10,424,000 or 2,911.7%.

Row 5: Service revenues for 2023 reached $18,850,000, up from $8,371,000 in 2022, with a year-over-year increase of $10,479,000 or 125.2%.

Row 6: The Total Revenues for 2023 were $679,008,000, which is an increase of $669,451,000 or 7,004.8% from $9,557,000 in 2022. [Table Level]
- Table Title: Revenue Breakdown for Different Periods
- Table Summary: The table provides a detailed breakdown of revenue sources for Company across different financial periods, including both sales of goods and service revenues. It shows the amount in US dollars and the percentage contributions for both the six months ended June 30 and the years ended December 31 from 2021 to 2024.
- Context: The context discusses Company's operations as a global distributor for Company Cars and their sources of revenue, which include sales of automotive products and services. Their cost structure and revenue generation strategies are further elaborated upon, highlighting the importance of product distribution and service delivery.
- Special Notes: The financial figures represented in the table are in thousands, except for percentages.

[Row Level]
Row 1: For the six months ended June 30, 2024, sales of goods amounted to $382,893, contributing 96.2% to total revenues. In contrast, in the same period for 2023, sales of goods were $124,854, making up 96.0% of the total revenues.

Row 2: Service revenues for the six months ending June 30, 2024, were $15,222, accounting for 3.8% of total revenues. This compares to $5,181 in 2023, which represented 4.0% of total revenues.

Row 3: The total revenues for the six months ended June 30, 2024, were $398,115, which was 100% of revenue composition, compared to $130,035 or 100% for the same period in 2023.

Row 4: For the year ended December 31, 2023, sales of goods reached $660,158, which was 97.2% of the total revenues, while for 2022, these were $1,186, contributing 12.4%.

Row 5: Service revenues for the year ended December 31, 2023, stood at $18,850, representing 2.8% of total revenue, and $8,371 in 2022, making up 87.6%.

Row 6: The total revenues for the year ended December 31, 2023, were $679,008, making up 100% of revenues, whereas in 2022, the total was $9,557, also 100%.

Row 7: In 2021, sales of goods were $369, equivalent to 10.0% of the total, while service revenues were $3,318, contributing 90.0%.

Row 8: Total revenues for 2021 stood at $3,687, making up 100% of the total revenues. [Table Level]
- Table Title: Regional Performance Overview for January to September 2024 and 2023
- Table Summary: This table provides a comparative analysis of performance across different regions for the periods of January to September in 2024 and 2023. It presents the number of units sold and revenue figures alongside the percentage contribution from each region for both years.
- Context: The table is part of a broader report detailing Company's market expansion and financial highlights for 2024, including new deliveries and technological advancements.
- Special Notes: The percentages indicate the share of each region in the total outcome for the respective years.

[Row Level]
Row 1: In Europe, January to September 2024 saw 2,683 units sold or revenue, making up 35% of the regional distribution, compared to 568 units in the same period of 2023, which constituted 18% of the regional share.

Row 2: China recorded 1,880 units sold or revenue in January to September 2024, equating to 25% of the regional total, whereas, in 2023, there were 1,993 units sold, accounting for 62%.

Row 3: North America reported 1,665 units sold or revenue for January to September 2024, contributing 22% to the region, with no corresponding data shown for 2023.

Row 4: The rest of the world achieved 1,389 units sold or revenue in January to September 2024, representing 18% of the region, while in 2023, there were 660 units sold, making up 20%.

Row 5: Total figures for January to September 2024 equaled 7,617 units sold or revenue across all regions, with the entire distribution being 100%, compared to 3,221 units sold in the same timeframe for 2023, also reflecting 100% distribution. How is the sales volume in the third quarter? Expect deliveries of 3,000 to 4,000 units in the third and fourth quarters. Increase market recognition through new markets (see question 5) and product differentiation to enhance revenue and gross margin. As of June 30, 2024, Company had 207 stores in its global distribution network, and it plans to continue expanding its retail network. In 2023 and the six months ended June 30, 2024, Company delivered a total of 6,970 and 4,873 vehicles, respectively, consisting of lifestyle vehicles and Company-brand sports cars that were distributed through Subsidiary A. The growth of the global luxury car segment is expected to outpace that of the overall car market. Within the global battery electric vehicle (BEV) market, the luxury BEV segment is expected to outgrow the mass market BEV segment. Company is well positioned to capitalize on the growth momentum of the global luxury BEV segment by leveraging the following strategies. In September, Company unveiled its visionary Theory 1 concept car, a groundbreaking model that redefines the future of driving with its cutting-edge technology, bold design, and eco-friendly features. Note 1: Invoiced deliveries, including commissioned deliveries in the US market. 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 to be announced by the company. Company's service revenue increased by US$10.5 million from US$8.4 million for the year ended December 31, 2022, to US$18.9 million for the year ended December 31, 2023, primarily due to the increase in automotive design and development services provided to OEM customers of US$5.8 million and extended and aftersales services revenue for battery electric vehicle (BEV) lifestyle models and sports cars of US$4.7 million. Type 135 is a battery electric vehicle (BEV) sports car planned for launch in 2026. With an average manufacturer’s suggested retail price (MSRP) exceeding US$95,000, Type 135 will be Company's first all-electric sports car, built upon Company’s unique sports car platform. Company expects the annual sales volume of Type 135 to be between 10,000 and 15,000 units starting from 2030. Company's ability to successfully operate its Global Commercial Platform will affect its ability to increase revenues. Company has taken steps to diversify its revenue sources, for example, by entering into the Distribution Agreement with Subsidiary B, pursuant to which Company is the exclusive global distributor (excluding the U.S., where Subsidiary A will act as the head distributor with the existing regional distributor continuing its functions) for Subsidiary B to distribute Subsidiary B vehicles, parts, and certain tools, and to provide aftersales services, branding, marketing, and public relations for such vehicles, parts, and tools distributed by Company. As of December 31, 2023, Company had 215 stores in its global distribution network. Major vehicle models currently in Company's global sales and distribution network include Model X, Model Y, and future battery electric vehicle models, as well as certain sports car models that were or will be developed and manufactured by Subsidiary B, such as Model A (battery electric vehicle sports car) and Model B (internal combustion engine sports car). Allow customers to tailor the handling characteristics of the car to their own requirements. As the Company Sport Exige Cup 255 cars were modified for track use, a double shear track control arm brace was provided to cope with the expected kerb abuse during racing or hard track day driving. All the safety equipment expected of a race car was included, featuring sports seats and 4-point driver and passenger seat belt harnesses. The 6-point roll cage was fully FIA approved, and completing the additional safety equipment was a mechanical ignition kill switch with cockpit and external activation, as well as a plumbed electrical fire extinguisher system, again with cockpit and external activation.

Sport Exige Cup 255 Type 111, with a top speed close to 160 mph and a zero to 60 mph time of just under 3.9 seconds, was the perfect partner for any serious racer. At an MSRP of £56,034.48 (exclusive of local taxes and on-the-road charges), customers were quick to form an orderly queue on a first-ordered, first-delivered basis. Company Sunbeam, there were no competition objectives for the new car. This was to be a road-car, pure and simple, a genuine four-door, five-seater, but with the performance and handling to rival most supercars and any of the more obviously sporting coupes. Counterparty A’s Person A was clear about what his organization wanted from the Type 104: something to enable Subsidiary A and Subsidiary B to shed their humdrum image and to bring a bit of bravado to their cars. To do for them, in other words, precisely what the Cosworth range had done for rival Counterparty B's Escorts and Sierras. For the development team at Company, the objective was even simpler: to build the world's fastest saloon. To do this, the company took as its starting point the range-topping 24-valve three-litre Omega, the finished cars being shipped from Subsidiary A at a location in Germany for a complete strip-down and rebuild on a new line at a specified location. Company has started deliveries of the Eletre to new markets, including the Gulf Cooperation Council region, New Zealand, India, and Egypt, following deliveries in Southeast Asia. Production orders for the Eletre have begun for new markets such as Australia, Japan, and Korea. Company also started deliveries of the Emeya in Europe and is taking reservations for the Emeya in the Gulf Cooperation Council region, Japan, Korea, and Southeast Asia. The company managed to maintain an average selling price of over US$100,000 in the first half of 2024, despite faster-than-sector growth and intensified competition. Company has assessed evolving market conditions and uncertainties posed by new tariff policies in the U.S. and EU, and the company has revised its delivery target for 2024 to 12,000 units. Company launched the “Win26” plan, aiming to achieve positive EBITDA and positive operating cash flow in 2026 by further optimizing its internal processes and structures, implementing overall cost control measures, and recalibrating its product plans to cater to globally diversified markets. The long-awaited new model from Company, the Evora, was a two-plus-two sports car powered by a 3.5-litre Toyota V6 engine. A blend of avant-garde styling and ingenious engineering from Subsidiary A, the Evora shared the bonded aluminium technology pioneered on the Elise, which is now 14 years old. The Evora was built in three independent modules, comprising a central tub and sections for the front and rear. Although it shared its name with the ancient city of Évora, a World Heritage site about an hour and a half east of Lisbon, the name Evora was created by Company and derived from the words "Evolution, Vogue, and Aura." The Evora's development was rapid by any standard. The initial sketches were penned in August 2006, and the first prototypes were being tested in early 2008. The disguises came off the prototypes after the unveiling in July 2008, and verification prototypes (VP) were being made in October. The first cars were scheduled for build in December of 2008. The first 16 production cars were earmarked as test mules to develop a federal version, with a view to producing the US car in October 2009. Revealed to the public at the 2008 British Motor Show in London, the Evora features: Engine: 3.5-litre Toyota V6, Body Style: Two-plus-two sports car, Construction: Bonded aluminium technology, Modules: Three independent, including a central tub and front and rear sections. Over 7,600 vehicles were delivered in the first nine months of 2024, a year-on-year increase of 136%. Total revenue reached $653 million, more than doubling year-on-year. Revenue from the intelligent driving business generated from customers other than Company surged to $11 million, with a year-on-year growth of 450%. Company launched Hyper Hybrid EV technology that provides high performance with a combined range of over 1,100 kilometers. New York – Nov 21, 2024 – Company. (“Company Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today announced its unaudited financial results for the third quarter and first nine months ended September 30, 2024. In the first nine months of 2024, Company delivered 7,617 vehicles, which marks a 136% increase from the 3,221 units delivered during the same period in 2023. Revenue reached $653 million, representing a 105% year-on-year increase compared to $318 million in 2023. The cost of revenues also rose significantly by 109%, totaling $594 million compared to $284 million the previous year. As a result, gross profit was $59 million, up 75% from $34 million in 2023. However, the gross profit margin decreased to 9% from 11% in the previous year. For the third quarter of 2024, 2,744 vehicles were delivered, a 54% increase from 1,782 in the same quarter of 2023. Revenue in Q3 2024 was $255 million, a 36% increase over $188 million in Q3 2023. The cost of revenues for this quarter was $247 million, up 54% compared to $160 million in Q3 2023. [Table Level]
- Table Title: Inventory Composition as of December 31
- Table Summary: The table presents the inventory composition of Company. for the years ending December 31, 2023, and December 31, 2022. It details the values of products available for sale and goods in transit, along with the total inventory values for each year.
- Context: In December 2023, the FASB issued new guidance on income tax disclosures, which may impact financial statement presentation. The table follows the description of the allowance for credit losses movement.
- Special Notes: All amounts are in thousands of US dollars.

[Row Level]
Row 1: As of December 31, 2023, the value of products available for sale is US$246,419, compared to US$13,714 in 2022.

Row 2: Goods in transit are valued at US$18,771 in 2023, which is an increase from US$8,989 in 2022.

Row 3: The total inventory is reported as US$265,190 in 2023, significantly higher than the US$22,703 total in 2022. Customers.
The name Eletre means 'coming to life' in the Hungarian language, an appropriate name as the Eletre marked the start of a new chapter in the history of Company – the first accessible EV and the first SUV. Three versions of the new car were to be available, and all were 4WD. All had battery capacity over 100 kWh, with a power range from 600 hp. On March 29th, 2022, Company unveiled a bold new dimension to their performance car portfolio, the Type 132 Eletre. The Eletre delivered a significant number of firsts for Company – the first five-door production car, the first model outside the sports car segment, the first lifestyle EV, and the most 'connected' Company ever built. However, it remained a true Company, packed with pioneering technology, sporting performance, and simplicity of purpose.
Eletre, Type 132, was 'Born British, Raised Globally', with key attributes defined by the development team at Hethel and the overall exterior and interior design led by an international team based at the Company Creative Centre in Warwickshire, UK. The unique Company 'porous' exterior design meant that air flowed through the vehicle for improved aerodynamics, speed, range, and overall efficiency. The design was In the first nine months of 2024, Company delivered over 7,600 vehicles, marking a 136% increase compared to the same period in 2023, when 3,221 vehicles were delivered. The third quarter alone saw 2,744 vehicles delivered, a 54% increase over the 1,782 vehicles delivered in Q3 2023. Total revenue for the first nine months of 2024 amounted to $653 million, representing an impressive 105% year-on-year growth from the $318 million reported in the same period of 2023. In the third quarter of 2024, revenue was $255 million, showing a 36% increase from the $188 million in Q3 2023. The intelligent driving business showed remarkable growth, with revenue from external customers reaching $11 million, reflecting a year-on-year growth of 450%. Despite this, the gross profit margins declined, with Q3 2024 margins at 3%, down from 15% in Q3 2023. For the first nine months of 2024, the gross profit margin was 9%, compared to 11% in the same period of 2023. New York – Oct 17, 2024 – Company. (“Company” or the “Company”), a leading global intelligent and luxury mobility provider, today announced its preliminary vehicle delivery results for the first nine months of 2024. Company. continues to achieve top-rate growth among traditional luxury car brands, delivering 7,543 vehicles in the first nine months of 2024, representing a year-on-year increase of 134%. Global allocation in terms of deliveries remained well-distributed, with Europe, China, North America, and the Rest of the World regions each contributing about 20-35% of the total deliveries. In the third quarter of 2024, the Emeya (GT, Sedan) was delivered to Europe, whilst the Eletre (SUV) reached markets including the GCC, Japan, and Korea. In September, Company. revealed the Eletre Carbon, a high-performance variant tailored for the North American market with a starting price of $229,900. The deliveries of the Eletre Carbon are expected to commence in the first half of 2025. Deliveries of bespoke and collection versions of both the Eletre (SUV) and the Emeya (GT, Sedan) also commenced in the third quarter. Company achieved a 136% year-on-year increase in deliveries, maintaining its position as a top-performing luxury car brand among global competitors. The company delivered over 7,600 vehicles in the first nine months of 2024, making it the top seller among British luxury car brands. Four models were in delivery, each with an average Manufacturer’s Suggested Retail Price (MSRP) over $100,000. The current portfolio includes one SUV, one sedan, and two sportscars. Company maintained the MSRP above $100,000 throughout the first nine months of 2024, despite faster-than-sector growth and intensified competition. The intelligent driving business achieved a contract value of $130 million. Subsidiary A, the intelligent driving division, provided solutions to multiple global auto conglomerates, contributing significantly to this growth. Company's global expansion included entering over 10 new markets across the Gulf Cooperation Council (GCC) countries, Asia, and Oceania. The company introduced the Eletre Carbon, a high-performance variant tailored for the North American market, and also penetrated the fleet market for environmentally sustainable corporate clients in Europe. [Table Level]
- Table Title: Vehicle Deliveries by Model Type and Region for 1H 2024
- Table Summary: The table presents vehicle deliveries for Company during the first half of 2024, broken down by model types and regions. It includes comparative data from 2023 and highlights percentage changes year-on-year.
- Context: Prior context discusses the regulatory challenges Company might face in China, which could impact its operations and securities offerings. It also mentions recent achievements in delivery growth.
- Special Notes: (1) “Deliveries” represent invoiced deliveries, including commissioned deliveries in the U.S. market.

[Row Level]
**Model Type:**
- Row 1: Lifestyle SUV and Sedan deliveries reached 2,389 units in 1H 2024, up from 871 units in 1H 2023, marking a 174% year-on-year increase.
- Row 2: Sportscars saw 2,484 units delivered in 1H 2024 compared to 568 units in 1H 2023, showing a 337% increase.
- Row 3: Total deliveries for these categories amounted to 4,873 units in 1H 2024, with a total of 1,439 units in 1H 2023, representing a 239% overall growth.

**Region:**
- Row 4: In Europe, there were 1,459 units delivered in 1H 2024, compared to 89 units in 1H 2023, which is a 30% share of total 2024 deliveries.
- Row 5: Deliveries in China were 1,208 units in 1H 2024, up from 965 units in 1H 2023, holding a 25% share in 2024.
- Row 6: North America had 1,278 units delivered in 1H 2024, accounting for 26% of 2024 deliveries, with no data from 1H 2023 for comparison.
- Row 7: The Rest of the World saw 928 units delivered in 1H 2024, an increase from 385 units in 1H 2023, making up 19% in 2024.
- Row 8: The total for all regions reached 4,873 units in 1H 2024, up from 1,439 units in 1H 2023, with each region contributing between 19% to 30% of the deliveries. 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. [Table Level]  
- Table Title: Inventory Details  
- Table Summary: The table presents a breakdown of inventories for Company as of December 31 for the years 2023 and 2022. It categorizes inventories into products available for sale and goods in transit, providing a total for each year.  
- Context: Prior to the table, there is an explanation of the impact of ASU 2023-09 on income tax disclosures and a discussion about Company's receivables and inventories. Following the table, there is information about inventory write-downs recognized in cost of revenues over the past three years.  
- Special Notes: All amounts are in thousands of US dollars.  

[Row Level]  
- Row 1: As of December 31, 2023, products available for sale were valued at $246,419, compared to $13,714 as of December 31, 2022.  
- Row 2: Goods in transit amounted to $18,771 as of December 31, 2023, whereas the value was $8,989 as of December 31, 2022.  
- Row 3: The total inventory was $265,190 as of December 31, 2023, in contrast to $22,703 as of December 31, 2022. [Table Level]
- Table Title: Financial Performance Summary
- Table Summary: This table presents the net loss, adjusted net loss, and adjusted EBITDA figures for the years ended December 31, 2021 to 2023. It includes detailed breakdowns of interest expenses, interest income, income tax expenses, share-based compensation expenses, and depreciation.
- Context: The table reflects financial performance measures that should be analyzed in conjunction with GAAP measures and other financial information to gain a full understanding of Company's fiscal health. It indicates a substantial year-over-year increase in total revenues due to various sales activities.
- Special Notes: Values are reported in US dollars and thousands (from 2022 onwards where specified).

[Row Level]
- Row 1: Net loss for the year 2023 was $(750,255), compared to $(724,563) for 2022, and $(110,531) for 2021.
- Row 2: Share-based compensation expenses were not applicable in 2023, amounted to $10,625 in 2022, and were not applicable in 2021.
- Row 3: Adjusted net loss for 2023 was $(750,255), while it was $(713,938) for 2022, and $(110,531) for 2021.
- Row 4: Restates net loss figures for 2023 as $(750,255), 2022 as $(724,563), and 2021 as $(110,531) for additional context.
- Row 5: Interest expenses were $10,200 in 2023, $8,542 in 2022, and $3,615 in 2021.
- Row 6: Interest income in 2023 was $(9,204), in 2022 was $(12,188), and in 2021 was $(6,219).
- Row 7: Income tax expense for 2023 was $1,113, compared to $292 for 2022, and $1,853 for 2021.
- Row 8: Share-based compensation expenses are reiterated as not applicable for 2023 and 2021, but were $10,625 in 2022.
- Row 9: Depreciation was $54,957 in 2023, $12,790 in 2022, and $2,056 in 2021.
- Row 10: Adjusted EBITDA was $(693,189) for 2023, $(704,502) for 2022, and $(109,226) for 2021. Deliveries of lifestyle vehicles saw a remarkable 126% year-on-year increase in the first nine months of 2024, constituting 52% of the total deliveries. Europe, being the home of the Company brand, demonstrated significant growth with a 372% year-on-year increase in vehicle deliveries during this period. The Rest of the World (ROW) region achieved a 110% year-on-year increase, as Company continued to expand into new markets. Furthermore, the company has surpassed 200 stores worldwide, with per-store sales steadily improving through operational optimization. The delivery breakdown for the first nine months of 2024 was 52% lifestyle vehicles and 48% sportscars. By region, deliveries were distributed as follows: Europe accounted for 35%, China for 25%, North America for 18%, and ROW for 22%. Regarding the store distribution, Europe held 34%, China had 25%, North America had 24%, and ROW had 17%. [Table Level]
- Table Title: Employee Distribution by Function as of December 31, 2023
- Table Summary: The table presents the number and percentage of employees within various functional areas of Company as of December 31, 2023. It details how the total workforce is allocated across different functions such as Research and Development, Marketing and Sales, Supply Chain, and Functional Support.
- Context: Company has developed a competitive edge through advanced technologies and a scalable business model, with a focus on research and development. Company has grown its workforce from approximately 2,300 employees in 2021 to 3,180 in 2023.
- Special Notes: Numbers are presented alongside their corresponding percentages to demonstrate the distribution of employees across functions. The sum of percentages totals 100%, representing the complete workforce.

[Row Level]
Row 1: "As of December 31, 2023, the Research and Development function employed 1,802 individuals, comprising 56.7% of the total workforce."
Row 2: "The Marketing and Sales function had 690 employees, accounting for 21.7% of the total workforce as of December 31, 2023."
Row 3: "The Supply Chain function included 239 employees, which represented 7.5% of the total workforce as of December 31, 2023."
Row 4: "Functional Support had 449 employees, making up 14.1% of the workforce as of December 31, 2023."
Row 5: "The total number of employees was 3,180, with this figure encompassing 100% of Company’s workforce as of December 31, 2023." The car weighed 930 kg and had a power to weight ratio of approximately 261 bhp per tonne. All 50 cars were built to order to further identify and maintain the exclusivity of the Sport Exige 240R. Although they were only available in two colors, Sport Yellow or Sport Black—both unique and exclusive colors. Company stated these were "specifically blended to denote the brand color scheme of Company Sport." The Company Sport Exige 240R also had a unique interior trim in black, with Company Sport Yellow highlights in leather. A unique numbered Company Sport build plate was fitted to the aluminum chassis member on the passenger side inside the cockpit. The interior also included sports seats, driver and passenger four-point harnesses, which were fitted to a cross-bar that was part of the motorsport specification T45 steel roof-hoop and backstays.

The newly designed lightweight five-spoke forged alloy wheels were slightly wider in section than the standard Exige wheel, in order to accommodate the optional track-only specification slick tires, as well as the Yokohama A048 tires, which came as standard. These wheels were painted in 'Satin Black' for the Sport Yellow version of the 240R, and 'High Power Silver' for the Sport Black. 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. How was Company's performance in the first half of the year? Total revenue for the first half of 2024 was $398 million, representing a year-on-year increase of 206%. Company's Average Selling Price (ASP) remained above $100,000, achieving growth far exceeding the industry and luxury car segment. Company's gross margin for the first half of this year was 13%, compared to 5% in the same period of 2023.

In the first half of 2024, Company achieved total product deliveries of 4,873 units, a 239% year-on-year increase, making it the fastest-growing brand among traditional luxury car brands. Global deliveries were balanced, with the four major markets (Europe, China, North America, and Rest of World) each contributing 20-30% of deliveries.

In the first half of 2024, as Company began collaborating with several leading automotive brands by providing intelligent driving solutions and technology development services, technology-related revenue started to expand. With the continued increase in cumulative deliveries of lifestyle vehicles equipped with advanced hardware, the potential for generating paid software subscription revenue continues to grow.

Company launched the Person A Bespoke Service, offering personalized options, designer customization, limited editions, and exclusive customization to meet the growing demands of its customers. The delivery of customized models is expected to further enhance the brand's luxury positioning and benefit Company's long-term profit margins. Company's total revenues increased by US$5.9 million from US$3.7 million for the year ended December 31, 2021, to US$9.6 million for the year ended December 31, 2022, primarily due to sales from the distribution of Company-brand sports cars, auto parts, and automotive design and development services provided to Counterparty A. Sales of goods. Company's sales of goods revenue increased by US$0.8 million from US$0.4 million for the year ended December 31, 2021, to US$1.2 million for the year ended December 31, 2022, primarily due to the increase in sales from the distribution of historical Company-brand sports cars by US$0.4 million, and auto parts and peripheral products by US$0.4 million. Service revenues. Company's service revenue increased by US$5.1 million from US$3.3 million for the year ended December 31, 2021, to US$8.4 million for the year ended December 31, 2022, primarily due to an increase in automotive design and development services provided to Counterparty A. Company's service revenue increased by US$10.0 million from US$5.2 million for the six months ended June 30, 2023, to US$15.2 million for the six months ended June 30, 2024, primarily due to the increase in commission service fees and other services of US$5.0 million, income from intelligent driving solutions and extended services of US$3.2 million, and income from automotive design and development services provided to OEM customers of US$1.8 million. Sales of goods. Company generates revenues by providing the following products:  
● Battery Electric Vehicle (BEV) lifestyle models developed by Company;  
● Company-brand sports cars developed by Subsidiary B;  
● auto parts; and  
● peripheral products. Services. Company generates revenues mainly by providing automotive design and development services to OEM customers and after-sales service. The following table sets forth a breakdown of revenues by type both in absolute amount and as a percentage of Company's revenues for the years indicated.