Can you introduce the NOA service for Company's intelligent driving?
● Delivery  
Updates: Company delivered a total of 8,631 vehicles in the first 10 months of 2024.  
● New Technology  
Launched: Company unveiled its "Hyper Hybrid EV technology" at the Guangzhou Auto Show. The 900V Hyper Hybrid EV technology features a Hybrid Electric Drivetrain and dual Hyper Charging technology: Ultra-Fast Plug-In Charging and Ultra-Fast On-The-Drive Charging, both with industry-leading charging speeds. The Hyper Hybrid technology enables high performance, high efficiency, and a flexible longer driving distance of over 1,100 kilometers.  
● Delivery of Urban NOA (Navigate on Autopilot) Service and OTA: Company started open beta testing for urban NOA in key cities in October 2024, following the launch of highway OTA services. Certain OTA features, including the highway assistant driving function, have been launched in Europe.  
● Reuters Sustainability Awards 2024: In October, Company was awarded the Highly Commended honor at the Reuters Sustainability Awards 2024 in the Business Transformation category as the only awardee from the automotive industry. In the first ten months of 2024, Company delivered a total of 8,631 vehicles, making significant inroads in the luxury electric vehicle market in China. In October, Company cars accounted for about 40% of the total luxury electric vehicles (LEV) sold in the Chinese market. The company initiated a beta test for Urban Navigation of Autopilot (NOA) services in key cities in October 2024. This followed the successful launch of highway over-the-air (OTA) services, and included a highway assistant driving function which has already been introduced in Europe. Upcoming events include opening orders for the Emeya GT Sedan in markets such as the Gulf Cooperation Council (GCC), India, Oceania, Japan, South Korea, and Southeast Asia. Company Day 2025 is scheduled for March 2025, and Company Capital Market Day will occur on December 4, 2024. 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.
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. 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 contribute significantly to high-profit revenue and drive rapid growth in its overall performance. Company has operations across the UK, the EU, and China. The company is dedicated to delivering luxury lifestyle battery electric vehicles, with a focus on world-class research and development in next-generation automobility technologies such as electrification, digitalization, and more. For more information about Company, please visit www.group-Company.com. 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. 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. 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's vehicles contain complex information technology systems. For example, Company's vehicles are designed with built-in data connectivity to accept and install periodic remote updates from Company to improve or update the functionality of the vehicles. Company has designed, implemented, and tested security measures intended to prevent unauthorized access to its information technology networks, vehicles, and their systems. However, hackers may attempt in the future to gain unauthorized access to modify, alter, and use these networks, vehicles, and systems to gain control of, or to change, the vehicles’ functionality, user interface, and performance characteristics, or to gain access to data stored in or generated by the vehicles. Vulnerabilities could be identified in the future, and Company's remediation efforts may not be successful. Any unauthorized access to or control of the vehicles or their systems, or any loss of data, could result in legal claims or proceedings against Company. 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. 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. 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 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. 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. This summary highlights selected information from this prospectus. It may not contain all of the information that is important to you. You should carefully read the entire prospectus and the other documents referred to in this prospectus. You should carefully consider, among other things, Company's consolidated financial statements and the related notes, as well as the sections titled “Risk Factors,” “Business,” and “Management’s Discussion and Analysis of Financial Condition and Results of Operation” included elsewhere in this prospectus. For additional information, see “Where You Can Find Additional Information” in this prospectus. 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. 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' 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' 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 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 vehicles contain complex information technology systems. For example, Company's vehicles are designed with built-in data connectivity to accept and install periodic remote updates from Company to improve or update the functionality of the vehicles. Company has designed, implemented, and tested security measures intended to prevent unauthorized access to its information technology networks, vehicles, and their systems. However, hackers may attempt in the future to gain unauthorized access to modify, alter, and use Company's networks, vehicles, and systems to gain control of, or to change, the vehicles’ functionality, user interface, and performance characteristics, or to gain access to data stored in or generated by the vehicles. Vulnerabilities could be identified in the future, and Company's remediation efforts may not be successful. Any unauthorized access to or control of the vehicles or their systems, or any loss of data, could result in legal claims or proceedings against Company. 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, Subsidiary A, 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. 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 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. 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. ● 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.