What is the latest employee count for Company?  
How many R&D personnel does Company have?
[Table Level]  
- Table Title: Employee Allocation by Function  
- Table Summary: The table shows the distribution of employees across different functions within Company as of June 30, 2024. It provides the number of employees and their corresponding percentage share for each function, including research and development, marketing and sales, supply chain, and functional support, alongside the total count.  
- Context: The surrounding text emphasizes competitive dynamics in the market and Company’s competitive edge, mentioning the importance of attracting and retaining qualified personnel to support its business strategy and development.  
- Special Notes: Percentages are expressed to one decimal place.  

[Row Level]  
Row 1: "For Research and Development, there are 1,631 employees, which account for 54.6% of the total workforce as of June 30, 2024."  
Row 2: "Marketing and Sales employs 755 individuals, representing 25.3% of Company's staff."  
Row 3: "The Supply Chain function consists of 204 employees, making up 6.8% of the total."  
Row 4: "Functional Support comprises 399 employees, equating to 13.3% of the workforce."  
Row 5: "Overall, Company's total employee count is 2,989, which is 100.0% of the workforce as of June 30, 2024." Company's ability to execute effective marketing and attract orders Company's results of operations depend significantly on the company's ability to execute effective marketing and attract orders from customers. Demand for Company's vehicles directly affects sales volume, which in turn contributes to revenue growth and the ability to achieve and maintain profitability. Vehicle orders may depend, in part, on whether prospective customers find it compelling to purchase Company's vehicles among competing vehicle models as their first, second, or replacement cars, which in turn depends on, among other factors, prospective customers’ perception of the Company brand. Company develops battery electric vehicles (BEVs) and technologies through cutting-edge design, research and development, and sustainable choices. Company has a dedicated global team across Europe and China to conduct its research and development activities, such as developing electric powertrain architecture (EPA), intelligent driving systems, aerodynamics, and cloud services, among others, supported by a strong portfolio of intellectual properties. As of June 30, 2024, Company had 1,631 research and development employees, which accounted for 54.6% of its total number of employees. [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."
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. In the event of an accounting restatement, Company shall be entitled to recover from its senior employees the bonus compensation or performance-based equity compensation in the amount by which such compensation exceeded what would have been paid based on the financial statements, as restated, provided that a claim is made by Company prior to the second anniversary following the filing of such restated financial statements. If the Board of Directors or the Compensation Committee determines that a director or senior employee violates the Code of Conduct or any other company policies, the Board of Directors or the Compensation Committee may reduce that individual's bonus compensation or performance-based equity compensation by up to ten percent in the year such misconduct occurs. If the compensation has already been paid out, the Board of Directors or the Compensation Committee is entitled to recover up to ten percent of that compensation. Notwithstanding the aforementioned, the compensation recovery or penalty will not be triggered in the following events: (i) the financial restatement is required due to changes in the applicable financial reporting standards; 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. What is Company's future guidance? Company's annual delivery target is 12,000 units, with year-over-year growth exceeding 70%. Through the Win26 program, Company aims to achieve positive cash flow and profitability by 2026. No employee may use corporate property, information, or his or her position with Company to secure a business opportunity that would otherwise be available to Company. If an employee discovers a business opportunity that is in Company’s line of business through the use of Company’s property, information, or position, the employee must first present the business opportunity to Company before pursuing the opportunity in his or her individual capacity. ● Financial Interests. (i) No employee may have any financial interest (ownership or otherwise), either directly or indirectly through a spouse or other family member, in any other business or entity if such interest adversely affects the employee’s performance of duties or responsibilities to Company, or requires the employee to devote time to it during the employee’s working hours at Company; (ii) No employee may hold any ownership interest in a privately held company that is in competition with Company; (iii) An employee may hold up to 1% ownership interest in a publicly traded company that is in competition with Company; [Table Level]
- Table Title: Geographic Distribution of Revenues
- Table Summary: The table presents the revenues generated by Company across different geographic regions for the years ended December 31, 2023, 2022, and 2021. It highlights the significant growth in revenues from various regions, particularly the Chinese mainland, with a detailed breakdown for each location over the years.
- Special Notes: All revenue amounts are in thousands of US dollars.

[Row Level]
Row 1: "For the year ended December 31, 2023, the revenue from the Chinese mainland was $419,448, whereas in 2022 it was $8,816, and in 2021, $3,109."

Row 2: "In the UK, the revenue recorded for 2023 was $83,827, compared to $437 in 2022 and $439 in 2021."

Row 3: "Japan contributed $26,390 to the revenues in 2023, with no recorded revenue in 2022 or 2021."

Row 4: "Australian revenue for 2023 was $20,335, with no revenue in the previous two years."

Row 5: "Belgium generated $20,701 in revenue for 2023, with no revenue in 2022 and 2021."

Row 6: "Revenues from France reached $16,341 in 2023, with no prior revenue in 2021 and 2022."

Row 7: "In Italy, the revenue was $14,650 for 2023, with no records for 2022 and 2021."

Row 8: "Germany contributed $15,904 to the 2023 revenue, with no amounts recorded for 2022 and 2021."

Row 9: "Revenue from the Netherlands amounted to $13,729 in 2023, with no revenue for the other two years."

Row 10: "Other regions generated $47,683 in revenue for 2023, compared to $304 in 2022 and $139 in 2021."

Row 11: "The total revenues for Company reached $679,008 in 2023, significantly rising from $9,557 in 2022 and $3,687 in 2021." Thus, Company's ability to attract or retain highly skilled employees may be adversely affected by declines in the perceived value of its equity or equity awards. Furthermore, there are no assurances that the number of shares reserved for issuance under Company's share incentive plans will be sufficient to grant equity awards adequate to recruit new employees and to compensate existing employees. Company's business depends substantially on the continued efforts of its executive officers, key employees, and qualified personnel, and its operations may be severely disrupted if it loses their services. Company's success depends substantially on the continued efforts of its executive officers and key employees with expertise in various areas. If one or more of Company's executive officers or key employees were unable or unwilling to continue their services, the company may not be able to replace them easily in a timely manner, or at all. As Company builds up its brand awareness and becomes more well-known, the risk that competitors or other companies may poach its talent increases. 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. 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. Company believes that its close relationship with Counterparty A provides the company with a unique competitive advantage in its ability to rapidly scale commercialization while maintaining an asset-light operating model with less upfront capital expenditure commitment than other original equipment manufacturers (OEMs). Company has entered into a variety of agreements, including agreements related to technology licensing, manufacturing cooperation, and supply of framework, among others, with Counterparty A. The strategic partnership with Counterparty A allows Company to effectively control supply chain-related risks and accelerate product development. 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 A, pursuant to which Company is the exclusive global distributor (excluding the U.S., where Subsidiary B will act as the head distributor with the existing regional distributor continuing its functions) for Subsidiary A to distribute Subsidiary A vehicles, parts, and certain tools, and to provide aftersales services, branding, marketing, and public relations for such vehicles, parts, and tools distributed by Company. [Table Level]
- Table Title: Contract Liabilities as of June 30, 2024 and December 31, 2023
- Table Summary: The table provides a breakdown of contract liabilities, separating them into current and non-current categories. It shows the amounts as of June 30, 2024, and December 31, 2023, for third parties and related parties. 
- Context: The information is part of Company.'s unaudited condensed consolidated financial statements, focusing on revenues and liabilities. Revenues are disaggregated by product, service line, and geographic area, with contract liabilities stemming from up-front payments recognized within specific periods.
- Special Notes: The item marked with an asterisk is included in accrued expenses and other current liabilities in the balance sheets.

[Row Level]
Row 1: As of June 30, 2024, current liabilities for contract liabilities with third parties are $50,054, compared to $44,184 as of December 31, 2023.

Row 2: As of June 30, 2024, current liabilities for contract liabilities with related parties are $11,036, whereas the amount was only $1 as of December 31, 2023.

Row 3: As of June 30, 2024, non-current liabilities for contract liabilities with third parties amount to $7,024, while the amount was $6,245 as of December 31, 2023.

Row 4: The total contract liabilities, both current and non-current, are $68,114 as of June 30, 2024, compared to $50,430 as of December 31, 2023. · In addition to fulfilling the responsibilities associated with his/her position in Company, an employee shall not, without obtaining prior approval from Company, disclose, announce, or publish trade secrets or other confidential business information of Company, nor shall an employee use such confidential information outside the course of his/her duties to Company. Even outside the work environment, an employee must maintain vigilance and refrain from disclosing important information regarding Company or its business, business associates, or employees. An employee’s duty of confidentiality with respect to the confidential information of Company survives the termination of such employee’s employment with Company for any reason until such time as Company discloses such information publicly or the information otherwise becomes available in the public sphere through no fault of the employee. Upon termination of employment, or at such time as Company requests, an employee must return to Company all of its property without exception, including all forms of medium containing confidential information, and may not retain duplicate materials. provided that nothing in this section shall be construed as to prevent Company from effecting and concluding contracts in the Cayman Islands, and exercising in the Cayman Islands all of its powers necessary for the carrying on of its business outside the Cayman Islands. 6. The liability of each Shareholder is limited to the amount, if any, unpaid on the Shares held by such Shareholder. 7. The authorized share capital of Company is US$50,000 divided into 5,000,000,000 shares of a par value of US$0.00001 each consisting of (i) 4,500,000,000 Ordinary Shares of a par value of US$0.00001 each, and (ii) 500,000,000 shares of a par value of US$0.00001 each of such class or classes (however designated) as the Board of Directors may determine in accordance with the articles of association of Company (as amended or substituted from time to time, the “Articles”). Company's research and development efforts are focusing on the development of key electric vehicle technologies while benefiting from the technological support from the Counterparty A Holding ecosystem. Company intends to continually develop cutting-edge technologies, including the 800-volt EPA architecture and hardware, algorithms, and software systems to enhance the competitiveness of its vehicles. Company also plans to monetize its R&D capabilities by licensing its intellectual properties and software via subscriptions to other luxury automotive brands. Guided by Company's R&D leaders, the global research and development team has extensive experience in the automotive and technology industries. As of December 31, 2023, Company's R&D team consisted of 1,802 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 has a dedicated global team to support its R&D activities with a sizable scale and comprehensive functionalities, covering all major technological perspectives. Company's approach to innovation demonstrates an interconnected global collaboration among highly experienced and dedicated teams in the U.K., Germany, and China, each with different technological focuses. Centered around Company's global headquarters in one location, which focuses on cloud computing and online data processing, the company operates a software center in another location focusing on global system integration and network security, and a research institute in a third location focusing on electric architecture, charging and power systems, and intelligent driving. Company has established two R&D centers on engineering and product design, including the Company Creative Centre (Subsidiary A) located in the heart of the British car industry in one location, with a focus on automotive design and design strategy, product and brand communication, and sustainable material science, and the Company Innovative Centre (Subsidiary B) located in another location, with a focus on behavioral science, innovative vehicle technologies, dynamic attribute development, user interface, and regional tuning and application. [Table Level]
- Table Title: Revenue by Service Line and Customer Type
- Table Summary: The table presents revenue data for Company. for the years ending December 31, 2023, 2022, and 2021. It categorizes revenue based on sales of goods and services to third parties and related parties, further breaking down sales into battery electric vehicle (BEV) lifestyle models, sports cars, and other categories.
- Special Notes: All amounts are in thousands of US dollars.

[Row Level]
Row 1: In 2023, sales of BEV lifestyle models to third parties generated $464,172, with no revenue reported for 2022 or 2021.

Row 2: For 2023, sports cars sold to third parties brought in $183,160, while $828 was reported for 2022 and $369 for 2021.

Row 3: Sales categorized as "Others" to third parties amounted to $9,394 in 2023, $335 in 2022, and no revenue in 2021.

Row 4: Total sales of goods to third parties were $656,726 in 2023, $1,163 in 2022, and $369 in 2021.

Row 5: In 2023, sales of BEV lifestyle models to related parties amounted to $1,093, with no revenue recorded for the previous years.

Row 6: Sports cars sold to related parties earned $951 in 2023, with no revenue for previous years.

Row 7: Revenue from sales classified as "Others" to related parties was $1,388 in 2023, and $23 in 2022, with no revenue in 2021.

Row 8: Total sales of goods to related parties were $3,432 in 2023, and $23 in 2022, with no revenue in 2021.

Row 9: The subtotal for sales of goods combining third and related parties was $660,158 in 2023, $1,186 in 2022, and $369 in 2021.

Row 10: Revenue from services to related parties was $12,573 in 2023, $8,344 in 2022, and $3,280 in 2021.

Row 11: For 2023, services to third parties generated $6,277, with $27 in 2022 and $38 in 2021.

Row 12: The subtotal for services combining related and third parties was $18,850 in 2023, $8,371 in 2022, and $3,318 in 2021.

Row 13: Total revenues, combining all categories, were $679,008 in 2023, $9,557 in 2022, and $3,687 in 2021. [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. To date, Company has not experienced any significant labor disputes. Company believes that continued investments in technologies are critical to establishing market share, attracting new customers, and becoming a profitable global BEV developer. Company's future profitability depends on the company's ability to develop its vehicles in a cost-effective manner. As part of the development process, Company's vehicles use a wide variety of components, raw materials, and other supplies. Company expects that the cost of sales will be affected primarily by production volume. The cost of sales will also be influenced by fluctuations in certain raw material prices, although Company typically seeks to manage these costs and minimize their volatility through a supply of framework agreements with suppliers. In addition, the results of operations are further affected by the company's ability to maintain and improve operating efficiency, as measured by total operating expenses as a percentage of revenues. This is important to the success of the business and the prospect of gradually achieving profitability. As the business grows, Company expects to improve operating efficiency and achieve economies of scale. [Table Level]
- Table Title: Revenue Analysis for Jan-Sep 2024 vs. Jan-Sep 2023
- Table Summary: The table presents a comparative analysis of revenue generated from two customer segments, illustrating the change from January to September in 2024 compared to the same period in 2023. It highlights the year-on-year percentage change in revenue for each segment.
- Context: The table is situated in a discussion about Company's technological advancements and strategic partnerships, emphasizing a rapid growth in revenue driven largely by innovative driving solutions and technologies.
- Special Notes: The table includes a footnote marked "(A)" next to "from Company", but the details of the footnote are not provided in the image.

[Row Level]
- Row 1: Total revenue from January to September 2024 was 19 units, compared to 6 units in the same period of 2023, reflecting a 217% year-on-year increase.
- Row 2: Revenue from Company in January to September 2024 was 8 units, up from 4 units in 2023, marking a 100% increase.
- Row 3: Revenue from other customers in January to September 2024 reached 11 units, a significant rise from 2 units in the same months of 2023, resulting in a 450% increase. [Table Level]
- Table Title: Geographic Revenues for Company.
- Table Summary: The table presents the revenues of Company by geographic areas for the years ended December 31, 2023, 2022, and 2021. It shows the monetary contribution from various regions, highlighting significant sales in the Chinese mainland and the United Kingdom. The total revenues for each year are also provided.
- Context: The revenues shown are part of Company's financial performance. The table focuses on the geographic distribution of sales, correlating with the financial statement notes that discuss factors affecting financial operations and performance.
- Special Notes: All values are in thousands of US dollars, as indicated in the financial statement notes. The table's footnotes outline the items included in financial calculations and conditions affecting convertible notes and shares.

[Row Level]
Row 1: In 2023, the revenues from the Chinese mainland were US$419,448, a significant increase from US$8,816 in 2022, and US$3,109 in 2021.

Row 2: The United Kingdom contributed US$83,827 in 2023, up from US$437 in 2022, and US$439 in 2021.

Row 3: Revenue from Japan was US$26,390 in 2023, with no significant revenue reported in prior years.

Row 4: In 2023, Australia generated US$20,335 in revenues, marking this as a new revenue stream.

Row 5: Belgium's revenue in 2023 was US$20,701, with no recorded revenues in earlier years.

Row 6: France contributed US$16,341 in 2023, with no revenues noted in previous years.

Row 7: Italy had revenues of US$14,650 in 2023, with no previous data available.

Row 8: Germany reported US$15,904 in 2023, marking its first entry as a revenue source.

Row 9: The Netherlands had revenues of US$13,729 in 2023, also a new entry.

Row 10: Revenues classified as 'Others' totaled US$47,683 in 2023, increased from US$304 in 2022, and US$139 in 2021.

Row 11: Total revenues for Company were US$679,008 in 2023, sharply rising from US$9,557 in 2022, and US$3,687 in 2021. If Company does not effectively manage its cash and other liquid financial assets, execute its plan to increase profitability, and obtain additional financing, it may not be able to continue as a going concern. Company has not been profitable since its inception. The company incurred a net loss of US\$750.3 million, US\$724.6 million, and US\$110.5 million in 2023, 2022, and 2021, respectively. In addition, Company had negative net cash flows from operating activities of US\$386.9 million, US\$351.4 million, and US\$126.5 million in 2023, 2022, and 2021, respectively. As of December 31, 2023, 2022, and 2021, the company's accumulated deficit was US\$1.6 billion, US\$846.8 million, and US\$122.8 million, respectively. Company incurred capital expenditures of US\$213.7 million, US\$133.3 million, and US\$34.6 million in 2023, 2022, and 2021, respectively. Historically, Company relied principally on proceeds from the issuance of exchangeable notes, convertible notes, and related party borrowings to finance its operations and business expansion. The company will require additional liquidity to continue its operations over the next 12 months. Company is evaluating strategies to obtain the required additional funding for future operations. 2.6.3 If an Underwritten Takedown is withdrawn and not continued pursuant to subsection 2.6.2, the withdrawn Takedown Demand shall not count as an Underwritten Takedown for purposes of subsection 2.4.3 if and only if one or more of the Demanding Holders reimburse Company for all Registration Expenses with respect to such Underwritten Takedown. For the avoidance of doubt, the withdrawn Takedown Demand shall count as an Underwritten Takedown if Company is responsible for the Registration Expenses with respect to such Underwritten Takedown. As of June 30, 2024, Company had 207 stores in its global distribution network. Major vehicle models currently in Company's global sales and distribution network include Eletre, Emeya, and future lifestyle models, as well as certain sports car models that were or will be developed and manufactured by Subsidiary B, such as Evija (BEV sports car) and Emira (ICE sports car). Key Components of Results of Operations Company generates revenues primarily through sales of goods and services. 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. Subject to the Companies Act and the Articles, Company shall have power to redeem or purchase any of its Shares and to increase or reduce its authorized share capital and to sub-divide or consolidate the said Shares or any of them and to issue all or any part of its capital whether original, redeemed, increased or reduced with or without any preference, priority, special privilege or other rights or subject to any postponement of rights or to any conditions or restrictions whatsoever and so that unless the conditions of issue shall otherwise expressly provide, every issue of shares whether stated to be ordinary, preference or otherwise shall be subject to the powers on the part of Company hereinbefore provided. 8. Company has the power contained in the Companies Act to deregister in the Cayman Islands and be registered by way of continuation in some other jurisdictions. Articles. 2 Companies registered and operating in China are required under the PRC Social Insurance Law (latest amended in 2018) and the Regulations on the Administration of Housing Funds (latest amended in 2019) to apply for social insurance registration and housing fund deposit registration within 30 days of their establishment, and to pay for their employees various social insurances including pension insurance, medical insurance, work-related injury insurance, unemployment insurance, maternity insurance, and housing provident funds to the extent required by law. As the interpretation and implementation of labor-related laws and regulations are still evolving, Company's employment practices may violate labor-related laws and regulations in China, which may subject the company to labor disputes, government investigations, and imposition of sanctions. Company cannot assure stakeholders that the company has complied or will be able to comply with all labor-related laws and regulations, including those relating to obligations to make full social insurance payments and contribute to the housing provident funds. If Company is found to have violated applicable labor laws and regulations, the company could be required to provide additional compensation to its employees, and its business, financial condition, and results of operations could be adversely affected. Company's success depends on the company's ability to attract, motivate, train, and retain qualified personnel. Company believes it offers employees competitive compensation packages and an environment that encourages self-development. As a result, the company has generally been able to attract and retain qualified personnel and maintain a stable core management team. As required by applicable regulations, Company participates in various employee social security plans that are organized by municipal and provincial governments, including pension, unemployment insurance, maternity insurance, work-related injury insurance, medical insurance, and housing insurance. Company is required under applicable laws to make contributions to employee benefit plans at specified percentages of the salaries, bonuses, and certain allowances of its employees, up to a maximum amount specified by the local government from time to time. Bonuses are generally discretionary and based in part on employee performance and in part on the overall performance of the company. Company has granted, and plans to continue to grant, share-based incentive awards to its employees to incentivize their contributions to the company's growth and development. Company enters into standard labor contracts and confidentiality agreements with its employees. Company's success depends on its ability to attract, motivate, train, and retain qualified personnel. Company believes it offers employees competitive compensation packages and an environment that encourages self-development and, as a result, has generally been able to attract and retain qualified personnel and maintain a stable core management team. As required by applicable regulations, Company participates in various employee social security plans that are organized by municipal and provincial governments, including pension, unemployment insurance, maternity insurance, work-related injury insurance, medical insurance, and housing insurance. Company is required under applicable laws to make contributions to employee benefit plans at specified percentages of the salaries, bonuses, and certain allowances of its employees, up to a maximum amount specified by the local government from time to time. Bonuses are generally discretionary and based in part on employee performance and in part on the overall performance of the business. Company has granted, and plans to continue to grant, share-based incentive awards to its employees to incentivize their contributions to the company's growth and development. Company enters into standard labor contracts and confidentiality agreements with its employees. To date, Company has not experienced any significant labor disputes. As a leader in the electrification transformation of the luxury car segment, Company has launched its E-segment BEV model years ahead of competitors and plans to continue launching additional BEV models. Company also aims to become the first traditional luxury auto brand to achieve a 100% BEV product portfolio by 2027. As part of its sustainability commitment, Company aims to achieve carbon neutrality by 2038, with the Company Global Smart Factory, which is owned and operated by Counterparty A Holding. Company expects to continue focusing on sustainability leadership through waste reduction and the ongoing adoption of renewable energy and recyclable materials. Company. (“the Company”), an exempted company with limited liability, was incorporated in the Cayman Islands on August 9, 2021. The Company, through its wholly owned subsidiaries, consolidated variable interest entity (“VIE”) and VIE’s subsidiaries (collectively, “the Group”), is primarily engaged in the design, development, and sale of luxury battery electric lifestyle vehicles (“BEV lifestyle models”) under the “Company” brand (“Company BEV business”). The Group is also a distributor that sells luxury sports cars under the “Company” brand (“Company sports car business”) across the world. Additionally, the Group provides other sales and ancillary services to customers. Company has established offices in various cities in China and Europe. As of December 31, 2023, Company had leased premises as summarized below and under operating lease agreements from independent third parties. Company believes that its existing facilities are generally adequate to meet its current needs, but expects to seek additional space as needed to accommodate future growth. The Company brand is closely associated with “customer engagement” and “community building,” and in order to provide customers with a luxurious experience, Company has adopted a direct-to-consumer global sales and distribution strategy that focuses on establishing and developing direct relationships with customers, especially in selected regions including China, Europe, and the U.S., which represent some of the key areas driving fast growth in the global battery electric vehicle markets. By offering a luxurious purchasing experience and superior customer service, Company expects to further deepen its penetration in the global market and aims to establish a total of over 300 stores globally by 2025. Develop next-generation electric vehicle technologies while monetizing Company’s R&D prowess. Company intends to continuously develop and enhance proprietary cutting-edge technologies, including the 800-volt EPA architecture and hardware, algorithm, and software systems to enhance the competitiveness of its vehicles, supported by continuous R&D investment. All of Company's proprietary technologies are built with the principle of “For the Drivers,” while inheriting its unique design language and philosophy. [Table Level]  
- Table Title: Contract Liabilities as of December 31  
- Table Summary: This table outlines the current and non-current contract liabilities of Company as of December 31 for the years 2023 and 2022. It distinguishes between liabilities to third parties and related parties.  
- Context: The surrounding context discusses the recognition of contract liabilities as revenue and explains the nature of these liabilities, particularly in relation to up-front payments from customers and the expected recognition of unsatisfied performance obligations.  
- Special Notes: The table employs a special notation (*) for liabilities related to related parties.  

[Row Level]  
Row 1: As of December 31, 2023, the current liability for contract liabilities to third parties is US$44,184, while it was US$7,843 in 2022.  
Row 2: Current contract liabilities to related parties are noted at US$1 in 2023, compared to US$8 in 2022, as marked with a special notation (*).  
Row 3: Non-current contract liabilities to third parties amount to US$6,245 in 2023, whereas there were no such liabilities recorded for 2022.  
Row 4: The total contract liabilities, both current and non-current, are US$50,430 for 2023, increasing significantly from US$7,851 in 2022. 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. Company has established offices in various cities in China and Europe. As of June 30, 2024, Company had leased premises as summarized below and under operating lease agreements from independent third parties. Company believes that its existing facilities are generally adequate to meet its current needs, but it expects to seek additional space as needed to accommodate future growth. Company develops battery electric vehicles (BEVs) and technologies through cutting-edge design, research and development, and sustainable choices. Company has a dedicated global team in the U.K., Germany, and China to conduct its research and development activities, such as developing electric powertrain architecture (EPA), intelligent driving systems, aerodynamics, and cloud services, among others, supported by a strong portfolio of intellectual properties. The company's major research and development efforts are centered on architecture and chassis platforms, intelligent driving, e-mobility platforms, cabin and connectivity, and engineering design. As of December 31, 2023, Company had 1,802 research and development employees, which accounted for 56.7% of its total number of employees. Company believes that continued investments in technologies are critical to establishing market share, attracting new customers, and becoming a profitable global BEV developer. [Table Level]  
- Table Title: Contract Liabilities Breakdown  
- Table Summary: The table shows the breakdown of current and non-current contract liabilities of Company as of December 31, 2023, and 2022. It includes details on liabilities to third parties and related parties, providing insights into changes over the two-year period.  
- Context: Prior to the table, the context discusses Company's financial treatment of convertible notes and share options which are contingent on future conditions. Afterward, there is an explanation of how contract liabilities, particularly up-front payments for vehicles or services, are accounted for in the financial statements.  
- Special Notes: Amounts are in thousands of US dollars. The item marked with an asterisk (*) is included in accrued expenses and other current liabilities related to related parties.  

[Row Level]  
Row 1: The current contract liabilities to third parties as of December 31, 2023, are US$44,184, marking an increase from US$7,843 recorded in 2022.  
Row 2: The current contract liabilities to related parties as of December 31, 2023, are US$1, a decrease from US$8 in 2022.  
Row 3: The non-current contract liabilities to third parties as of December 31, 2023, amount to US$6,245. There were no such liabilities recorded in 2022.  
Row 4: The total contract liabilities, combining both current and non-current, are US$50,430 as of December 31, 2023, compared to US$7,851 in 2022. (adopted by a Special Resolution dated 16 January 2024 and effective on 22 February 2024) The name of the company is Company. 2. The Registered Office of Company will be situated at the offices of Maples Corporate Services Limited, or at such other location within the Cayman Islands as the Directors may from time to time determine. 3. The objects for which Company is established are unrestricted, and the Company shall have full power and authority to carry out any object not prohibited by the Companies Act or any other law of the Cayman Islands. 4. Company shall have and be capable of exercising all the functions of a natural person of full capacity irrespective of any question of corporate benefit as provided by the Companies Act. 5. Company will not trade in the Cayman Islands with any person, firm, or corporation except in furtherance of the business of the Company carried on outside the Cayman Islands; Subject to Nasdaq listing rules and disqualification by the chairman of the board meeting, a director may vote in respect of any contract or proposed contract or arrangement in which such director may be interested provided that (a) the nature of his or her interest is declared at a meeting of the directors, either specifically or by way of a general notice, and such director’s vote may be counted in the quorum at any meeting of directors at which any such contract or proposed contract or arrangement is considered, and (b) if such contract or arrangement is a transaction with a related party, such transaction has been approved by the audit committee. The directors may exercise all the powers of Company to raise or borrow money, mortgage, or charge its undertaking, property, and assets (present or future), uncalled capital or any part thereof, and to issue debentures, debenture stock, bonds, or other securities, whether outright or as collateral security for any debt, liability, or obligation of Company or of any third party. No non-employee director has a service contract with Company that provides for benefits upon termination of service. This item is included in accrued expenses and other current liabilities related to related parties in the consolidated balance sheets of Company as of December 31, 2023, and 2022. Among the balance of contract liabilities of US$7,851 as of December 31, 2022, US$5,438 was recognized as revenue during the year ended December 31, 2023. The contract liabilities relate to up-front payments from Company's customers for the purchase of vehicles or services in advance of the transfer of control of the products and services under the contract. Amounts that are expected to be recognized as revenue within one year are included as current contract liabilities, with the remaining balance recognized as other non-current liabilities. The Group expects that US$333,985 of the transaction price allocated to unsatisfied performance obligations as of December 31, 2023, will be recognized as revenue within one year. The remaining US$12,067 will be recognized over the remaining contract periods of 1 to 10 years. The Group has elected, as a practical expedient, not to disclose the transaction price allocated to unsatisfied or partially unsatisfied performance obligations that are part of contracts with an original expected duration of one year or less. 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. Unpowered soapboxes had been racing down the famous hillclimb course at the Goodwood Festival of Speed since 2000, and an entry in the 2002 event was an ideal opportunity for graduates to represent Company in the competition. The first Company soapbox, designated as the Type 119, was entered in the open-topped 'roadster' class, rather than the more challenging closed-cockpit 'streamliner' class. Led by Person A, the team was granted access to the extensive facilities at Company’s site, but it could only work outside working hours and within the regulations’ budget. Support would eventually be required from over 150 Company employees, from metalwork fabricators to CAD modellers, from Company Design stylists to buyers. The team also brought in sponsors to supply hi-tech materials in return for logo placement on the vehicle.

Towards the end of 2001, the board of Subsidiary A gave approval for a team of young engineers on the company’s Graduate Scheme to enter the prestigious 'Goodwood Gravity Racing Club Soapbox Challenge', paving the way for what was to become an annual graduate project. To ensure a super smooth aerodynamic profile, the advanced carbon composite monocoque chassis was designed using the latest Computer-Aided Engineering (CAE) software, while ultra-lightweight components were used to minimize the overall weight. The soapbox's performance was impressive, with a top speed of 60 mph and an acceleration of 0 to 60 mph in just 4.2 seconds. The Type 119 showcased not only the engineering prowess of the graduates but also the innovative spirit of Company. [Table Level]
- **Table Title**: Results of Operations for the Years Ended December 31
- **Table Summary**: The table presents a detailed breakdown of Company's financial performance for the years 2023, 2022, and 2021, including revenues, costs, operating expenses, and net income metrics. It highlights significant figures such as total revenues, cost of sales, operating expenses, and net loss across these years.
- **Context**: Company's subsidiaries in the U.K., Netherlands, and Germany are subject to varying maximum income tax rates. Non-GAAP measures like adjusted net loss and adjusted EBITDA provide insights into financial and operational performance.
- **Special Notes**: All figures are in thousands of US dollars (US$).

[Row Level]
- **Row 1**: "In 2023, sales of goods amounted to US$ 660,158, compared to US$ 1,186 in 2022 and US$ 369 in 2021."
- **Row 2**: "Service revenues in 2023 were US$ 18,850, growing from US$ 8,371 in 2022 and US$ 3,318 in 2021."
- **Row 3**: "Total revenues for 2023 reached US$ 679,008, significantly higher than US$ 9,557 in 2022 and US$ 3,687 in 2021."
- **Row 4**: "The cost of goods sold in 2023 amounted to US$ 564,741, with US$ 948 in 2022 and US$ 331 in 2021."
- **Row 5**: "Cost of services was US$ 12,086 in 2023, decreasing from US$ 6,302 in 2022 and US$ 2,799 in 2021."
- **Row 6**: "Total cost of revenues for 2023 was US$ 576,827, while it was US$ 7,250 in 2022 and US$ 3,130 in 2021."
- **Row 7**: "Gross profit in 2023 equaled US$ 102,181, contrasting with US$ 2,307 in 2022 and US$ 557 in 2021."
- **Row 8**: "Research and development expenses were US$ 368,729 in 2023, compared to US$ 445,844 in 2022 and US$ 511,364 in 2021."
- **Row 9**: "Selling and marketing expenses reached US$ 328,935 in 2023, increasing from US$ 151,331 in 2022 and US$ 38,066 in 2021."
- **Row 10**: "General and administrative expenses were US$ 144,533 in 2023, compared to US$ 148,369 in 2022 and US$ 54,763 in 2021."
- **Row 11**: "Government grants amounted to US$ 4,077 in 2023, down from US$ 55,824 in 2022 and US$ 490,694 in 2021."
- **Row 12**: "Total operating expenses for 2023 were US$ 838,120, compared to US$ 689,720 in 2022 and US$ 113,499 in 2021."
- **Row 13**: "Operating loss in 2023 was US$ 735,939, compared to US$ 687,413 in 2022 and US$ 112,942 in 2021."
- **Row 14**: "Interest expenses were US$ 10,200 in 2023, compared to US$ 8,542 in 2022 and US$ 3,615 in 2021."
- **Row 15**: "Interest income in 2023 was US$ 9,204, an increase from US$ 12,188 in 2022 and US$ 6,219 in 2021."
- **Row 16**: "Net investment loss was US$ 1,162 in 2023, with losses of US$ 3,246 in 2022 and gains of US$ 2,229 in 2021."
- **Row 17**: "Foreign currency exchange losses were US$ 1,048 in 2023, compared to US$ 2,762 in 2022 and gains of US$ 798 in 2021."
- **Row 18**: "The change in fair value of liabilities was US$ 42 in 2023, compared to a loss of US$ 11,505 in 2022."
- **Row 19**: "Loss before income taxes in 2023 was US$ 749,142, compared to US$ 724,271 in 2022 and US$ 108,678 in 2021."
- **Row 20**: "Income tax expense was US$ 1,113 in 2023, compared to US$ 292 in 2022 and US$ 1,853 in 2021."
- **Row 21**: "The net loss in 2023 was US$ 750,255, compared to US$ 724,563 in 2022 and US$ 110,531 in 2021." In the event that Company decides to terminate some of its employees or otherwise change its employment or labor practices, the PRC Labor Contract Law and its implementation rules may limit its ability to effect those changes in a desirable or cost-effective manner, which could adversely affect its business and results of operations. Companies registered and operating in China are required under the PRC Social Insurance Law (latest amended in 2018) and the Regulations on the Administration of Housing Funds (latest amended in 2019) to apply for social insurance registration and housing fund deposit registration within 30 days of their establishment, and to pay for their employees various social insurances including pension insurance, medical insurance, work-related injury insurance, unemployment insurance, maternity insurance, and housing provident funds to the extent required by law. As the interpretation and implementation of labor-related laws and regulations are still evolving, Company's employment practices may violate labor-related laws and regulations in China, which may subject the company to labor disputes, government investigations, and imposition of sanctions. Company's industry is characterized by high demand and intense competition for talent, particularly with respect to qualified individuals in the areas of automotive intelligence technologies. Therefore, Company cannot assure stakeholders that it will be able to continue attracting or retaining qualified staff or other highly skilled employees. In addition, because Company is operating in a new and challenging industry that requires continuous innovations in technologies and solutions, the company may not be able to hire qualified individuals with sufficient training in a timely manner, and may need to spend significant time and resources training the employees it hires. Company also requires sufficient talent in areas such as software development. Furthermore, as the company is relatively young, its ability to train and integrate new employees into its operations may not meet the growing demands of the business, which may materially and adversely affect its ability to grow and its results of operations. Company has not been profitable since its inception. The company incurred a net loss of US\$460.3 million, US\$750.3 million, US\$724.6 million, and US\$110.5 million for the six months ended June 30, 2024, and in 2023, 2022, and 2021, respectively. In addition, Company had negative net cash flows from operating activities of US\$468.4 million, US\$386.9 million, US\$351.4 million, and US\$126.5 million for the six months ended June 30, 2024, and in 2023, 2022, and 2021, respectively. As of June 30, 2024, and as of December 31, 2023, 2022, and 2021, the company's accumulated deficit was US\$2.0 billion, US\$1.6 billion, US\$846.8 million, and US\$122.8 million, respectively. Company incurred capital expenditures of US\$49.5 million, US\$213.7 million, US\$133.3 million, and US\$34.6 million for the six months ended June 30, 2024, and in 2023, 2022, and 2021, respectively. Historically, Company relied principally on proceeds from the issuance of exchangeable notes, convertible notes, and related party borrowings to finance its operations and business expansion. The company will require additional liquidity to continue its operations over the next 12 months. Company is evaluating strategies to obtain the required additional funding for future operations. 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. The scope of what must be reported annually is significantly expanded. Where Company's entities are subject to this Directive, Company must report according to European Sustainability Reporting Standards on issues such as environmental matters, social matters and treatment of employees, respect for human rights, anti-corruption and bribery, and diversity on company boards (in terms of age, gender, educational and professional background). In addition, the European Union is expected to finalize over the next 2 to 3 years the Corporate Sustainability Due Diligence Directive, which will implement mandatory due diligence that certain large companies must undertake regarding human rights and environmental impacts along their supply chains. [Table Level]  
- Table Title: Geographic Revenue Distribution  
- Table Summary: The table presents the revenues of Company from various geographic locations for the six-month periods ending June 30, 2024, and 2023. It highlights the revenue distribution across different countries and regions, showing significant increases in certain areas over the previous year.  
- Context: The table is part of Company's unaudited condensed consolidated financial statements and provides a breakdown of revenues by geographic area, detailing how customer locations contribute to sales figures.  
- Special Notes: All figures are represented in thousands of US dollars (US$). There are disclaimers regarding the calculation of loss per share which is related to put options.  

[Row Level]  
Row 1: For the six months ended June 30, 2024, the revenue from the Chinese mainland was US$138,210, a significant increase from US$93,013 in 2023.  
Row 2: The United Kingdom contributed US$69,728 in 2024, showing a marked increase compared to US$7,396 in 2023.  
Row 3: Thailand generated US$24,594 in revenue for 2024, up from US$248 in 2023, reflecting substantial growth.  
Row 4: In 2024, Malaysia's revenue was US$23,652, a rise from US$1,040 reported in 2023.  
Row 5: Revenue from Belgium was US$21,155 in 2024, with no corresponding figure reported for 2023.  
Row 6: Italy contributed US$17,522 in 2024, while there was no reported revenue for 2023.  
Row 7: Japanese revenue reached US$16,943 in 2024, slightly up from US$16,217 in 2023.  
Row 8: Revenue from Germany was US$14,951 in 2024, with no prior year data available.  
Row 9: The Netherlands showed US$11,145 in revenue for 2024, not reported in 2023.  
Row 10: France generated US$10,553 in 2024, without a reported figure for 2023.  
Row 11: Other regions collectively contributed US$49,662 in revenue in 2024, compared to US$12,121 in 2023.  
Row 12: The total revenue for the six months ending June 30, 2024, was US$398,115, a substantial increase from US$130,035 in 2023.