What products does Company currently offer? What are the prices of these products?
What is the product plan for the future? Company currently has four models on sale: the pure electric hypercar EVIJA (priced above $2.2 million), the pure electric intelligent SUV ELETRE (priced above $100,000, E-class), the pure electric intelligent GT Sedan EMEYA (priced above $100,000, E-class), and the fuel-powered sports car EMIRA (priced above $85,000). Company plans to launch a new model each in 2025 and 2026. The company expects to capture market share and realize first mover advantages by addressing unfilled demands in the current market. Eletre is a luxury lifestyle E-segment SUV powered by Company's 800-volt EPA. Combining its technologically advanced platform with cutting-edge design, Eletre delivers leading performance in acceleration, driving range, and charging speed. Company offers three different versions of Eletre, namely, Eletre, Eletre S, and Eletre R, to satisfy the various demands of customers. Eletre R, in particular, generates a maximum of 905 horsepower (hp) and can accelerate from 0 to 100 km/h in 2.95 seconds. Its 112-kWh battery pack offers a maximum WLTP range of 490 km and can be recharged from 10% to 80% in less than 20 minutes. While offering unrivaled performance, Eletre comes at a better value-for-money proposition — with an average MSRP higher than US$100,000 — compared to traditional luxury OEMs. Company commenced deliveries of Eletre in 2023. The company's second lifestyle production vehicle, Emeya, was launched in September 2023, and Company began deliveries of Emeya in March 2024. In addition to Eletre and Emeya, Company plans to introduce two new models in the near future. 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 C 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 A, Model B, 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 C (battery electric vehicle sports car) and Model D (internal combustion engine sports car). 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.
Will it probably be a little longer? Asked if they had picked a V6 engine for the car after such lengthy deliberations, Person A replied, "No, we still want to negotiate amongst four options, but it will be light and have aluminum construction." Most widely tipped by outsiders were French power sources such as Counterparty A. Company had predicted 250 bhp, which is exactly what the then current mid-engined Counterparty A Sport Clio V6 (of 2002 facelift) was expected to offer. Company has a limited operating history, and its ability to develop, manufacture, and deliver automobiles of high quality and appeal to customers, on schedule, and on a large scale is unproven and still evolving. Company's electric vehicle (EV) business was founded in 2018. The company's first vehicle model, the Eletre, was launched in 2022. There is limited historical basis for making judgments on the demand for Company's vehicles or the company's ability to develop, manufacture, and deliver vehicles, or its profitability in the future. It is difficult to predict Company's future revenues and appropriately budget for its expenses, and the company may have limited insight into trends that may emerge and affect its business. The sustainability of Company's business depends, in large part, on the company's ability to timely execute its plan to develop, manufacture, and deliver on a large scale automobiles of high quality and appeal to customers. Company has entered into an agreement with Counterparty A to manufacture its new models for the global market using the Wuhan manufacturing facility. 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. Except for the transactions contemplated by the Purchase Agreement and the Registration Rights Agreement, Counterparty A has not had any material relationship with Company within the past three years. As used in this prospectus, the terms “Counterparty A” or “Selling Securityholder” refer to Counterparty A. The table below presents information regarding Counterparty A and the American Depositary Shares (ADSs) that Counterparty A may offer from time to time under this prospectus. This table is prepared based on information supplied to Company by Counterparty A and reflects holdings as of September 19, 2024. The number of shares in the column “Maximum Number of Shares to be Offered Pursuant to this Prospectus” represents all of the ADSs that Counterparty A may offer under this prospectus. Counterparty A may sell some, all, or none of its ADSs in this offering. Company does not know how long Counterparty A will hold the ADSs before selling them, and Company currently has no agreements, arrangements, or understandings with Counterparty A regarding the sale of any of the ADSs. We're even prouder of the Evora S; I feel like it does the true Company experience justice. The really great thing is that as we move forward, the standard Evora should also benefit from some of these developments. The Evora S came with a sport pack as standard, an option that featured a 'sport' button which allowed the driver to control throttle response and activate the exhaust by-pass valve. The sport button also raised the instantaneous rev limit and changed the dynamic stability control settings, resulting in a total experience change. The external emotion of the Evora S was also improved with a completely new active exhaust setting, which, at the push of a button, could make the car sound just as dramatic as it looked.

The Evora S was certainly a natural progression for Company, but more than that, it offered a taste of what people could expect from the next generation of Company cars. It retained core Company values such as 'Performance through Lightweight' but it offered more than that; it was the perfect combination of top performance, style, and comfort.

In addition to the Evora S, Company also revealed the IPS (Intelligent Precision Shift) option. Aside from the EPA, Company has developed a leading Advanced Driver Assistance System (ADAS) with fully embedded Level 4-ready hardware capabilities enabled by the world’s first deployable LiDAR system and proprietary software system. Company's wholly-owned R&D facilities across Europe and China demonstrate a seamless collaboration among highly experienced and dedicated Company teams to support its world-class R&D capabilities. Company brings customers a luxury retailing experience through a digital-first, omni-channel sales model to establish and develop direct relationships with customers, covering the entire spectrum of customer experience, both physically and virtually. Company operates premium stores in high-footfall locations, providing personalized and exclusive services to create a luxurious purchasing experience for its customers. The global sales digital platform provides a full suite of luxury retailing experiences, including a virtual showroom of the Company brand and products, an inquiry, order, purchasing and customization platform, and a reservation system for test driving, product delivery, and aftersales services, among others. Customers are offered a wide range of options for customization, including exterior, interior, and other functions and features. Company is in the process of transforming from a British sports car company to a global pioneer of high-performance lifestyle electric vehicles and has set high quality and safety standards for and makes continuous improvements on its vehicles and technologies, including sensory hardware and ADAS software. Company also plans to monetize its R&D capabilities by licensing its intellectual properties to other luxury auto brands and providing ADAS software subscriptions to its customers. Continue to launch new models and upgrade existing models. The successful launches of new models are critical for Company to continue capturing market share in the luxury BEV market and strengthening its leadership position. Company plans to launch a well-balanced portfolio of new models with exceptional performance in the coming years to broaden its customer base, in particular high net worth individuals and the tech-savvy younger generations, and expand its product breadth. Company plans to launch two additional fully-electric vehicles over the next two years, including a D-segment SUV in 2025 and a BEV lifestyle sports car in 2026. Company also intends to upgrade its models to equip its vehicles with innovative technology and design. Focus on sustainability and lead in electrification. Company has a pioneering, tech-forward, and design-led management team with expertise in automotive, technology, and innovation. Led by Person A, an industry veteran and a visionary leader who has served at Counterparty A for more than 20 years, the management team is composed of seasoned professionals with diversified backgrounds in R&D, technology, and automotive design, along with extensive industry experience at other leading automotive firms, such as Counterparty A, Volvo, Mercedes Benz, BMW, Porsche, Maserati, Aston Martin, Ferrari, and Bugatti. Company is a leading global intelligent and luxury mobility provider that designs, develops, and sells luxury lifestyle vehicles under the iconic British brand “Company.” With over seven decades of heritage and proven leadership in racetrack and road cars, the Company brand symbolizes market-leading standards in performance, design, and engineering. The company's first lifestyle production vehicle, Eletre, is a new breed of pure electric SUV powered by Company’s proprietary 800-volt EPA. Company launched Eletre and Emeya in 2022 and 2023, respectively, and their deliveries commenced in 2023 and 2024, respectively. The company also started deliveries of Evija in 2024. In addition to Eletre and Emeya, Company plans to introduce two new models in the near future. Its 112-kWh battery pack offers a maximum WLTP range of 490 km and can be recharged from 10% to 80% in less than 20 minutes. While offering unrivaled performance, Eletre comes at a better value-for-money proposition — with an average MSRP higher than US$100,000 — compared to traditional luxury OEMs. Planning is underway for deliveries to the U.S. and the rest of the world. Company's second lifestyle production vehicle, Emeya, was launched in September 2023, and deliveries of Emeya began in March 2024. In addition to Eletre and Emeya, Company plans to launch two additional fully electric vehicles in the near future, including a D-segment SUV in 2025 and a BEV lifestyle sports car in 2026. Company believes that its R&D capability is one of its key competitive strengths. Drawn from the Company brand's sports car design heritage, deep automotive expertise, and next-generation technologies, Company's proprietary 800-volt EPA is a high-performance platform for luxury electric vehicles, which was developed over five years of R&D efforts. The platform features supercharging capabilities, high energy conservation, and high-speed data transmission, with high adaptability that can accommodate varying battery sizes, motors, and component layouts across vehicle classes. ● 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 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. 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. Company manufactures all BEV lifestyle models through a contract manufacturing partnership with Counterparty A, utilizing Counterparty A’s newly constructed, state-of-the-art manufacturing facilities dedicated to EVs in [Location], with a planned production capacity of 150,000 units annually. Leveraging Counterparty A’s readily available production capacity, Company believes it can execute its business plan with higher scalability and flexibility while limiting its upfront capital commitments compared to most other original equipment manufacturers (OEMs). Additionally, leveraging Counterparty A’s global supply chain network, strong bargaining power in procurement, and stable relationships established with reputable suppliers such as Vendor B, Vendor C, Vendor D, and Vendor E, Company can secure high-quality components at more competitive prices, which it believes would allow for better management of any supply chain disruption risk more effectively compared to other OEMs. 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 customers. 2022 A 350kW charger could deliver a 400km (248 miles) range in just 18 minutes. The car’s target maximum driving range was around 600km (373 miles) from a full charge, and the car also came with the ability to accept 22kW AC charging, which reduced plug-in time. The car’s technology systems included the most advanced active aerodynamics package on any production SUV, as well as intelligent driving technologies such as the world’s first deployable Light Detection and Ranging (LIDAR) sensors. It was clear that the Eletre was making a simple statement – this was Company reinvented, the birth of a new icon into the Company stable.

Person A, Managing Director, Subsidiary A, commented, "The Eletre is a bold and revolutionary new car, delivering on our commitment to move Company into completely new automotive segments. This is a momentous point in our history and a clear signal of our desire and ambition to transform our business. It is a true Company, and we’re confident it will delight performance car customers and offer a distinct alternative in the segment. The Eletre has the soul of a Company and the usability of an SUV." Information is displayed to the driver via a head-up display (HUD) featuring augmented reality (AR) technology. Voice control is enabled through advanced speech recognition technology. Company Hyper OS is an operating system powering the advanced digital cockpit cabin installed in the Eletre, enabling Company to create next-generation real-time 3D digital mapping and graphing experiences. Company Hyper OS includes two Qualcomm 8155 System-on-Chips to provide accelerated graphic rendering and higher data transmission speeds. The Eletre will also debut a next-generation digital head unit, which is expected to provide fully customizable displays, hosted on an advanced driver information module. The Eletre is equipped with the latest connectivity technology, including 5G compatibility, which enables the performance and features of the vehicle to be continually updated and enhanced via over-the-air (OTA) updates. Eletre owners can connect to the vehicle via a smartphone app and access driving logs, vehicle and charge status, remote features, location services, and other functionalities. The Eletre also comes with navigation services, including EV routing, EV range assistant, and predictive routing, and provides a series of safety functions. Company believes that its R&D capability is one of its key competitive strengths. Drawn from Company brand sports car design heritage, deep automotive expertise, and next-generation technologies, Company's proprietary 800-volt EPA is a high-performance platform for luxury electric vehicles, which was developed over five years of R&D efforts. The platform features supercharging capabilities, high energy conservation, and high-speed data transmission, with high adaptability that can accommodate varying battery sizes, motors, and component layouts across vehicle classes. Such superior design enables Company to quickly roll out new models and ramp up production with competitive performance attributes and achieve economies of scale. Aside from the EPA, Company has developed a leading ADAS with fully embedded L4-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 manufactures all battery electric vehicle (BEV) lifestyle models through a contract manufacturing partnership with Counterparty A, utilizing Counterparty A’s newly constructed, state-of-the-art manufacturing facilities dedicated to electric vehicles in Wuhan, China. Based on the opinion of Company's mainland China legal counsel, Person A, according to its interpretation of the currently ineffective mainland China laws and regulations, Company believes that, as of the date of this prospectus, (i) it is required to make a CSRC filing after the completion of issuance of American Depositary Shares (ADSs) to Counterparty A pursuant to the Purchase Agreement, and (ii) this offering does not require the application or completion of any cybersecurity review from PRC governmental authorities, including CAC. However, given (i) the uncertainties with respect to the enactment, implementation, and interpretation of the Overseas Listing Filing Rules and laws and regulations relating to data security, privacy, and cybersecurity; and (ii) that the PRC government authorities have significant discretion in interpreting and implementing statutory provisions in general, it cannot be assured that PRC government authorities will not take a contrary position or adopt different interpretations, or that there will not be changes in the regulatory landscape. In other words, a cybersecurity review and the approval from or filing with CSRC, CAC, or other government authorities may be required in connection with this offering. Counterparty A Holding, a global mobility technology group with a proven track record in seeding BEV brands, has successfully incubated and revitalized a series of world-renowned brands with attractive financial profiles, including Volvo, Polestar, LYNK&CO., and Zeekr. Positioned as the only Counterparty A Holding-affiliated brand with sports car DNA, Company has received comprehensive support from Counterparty A Holding in manufacturing, supply chain, research and development (R&D), logistics infrastructure, and human capital, and is in the process of transforming from a British sports car company to a global pioneer of high-performance electric vehicles to bridge the gap between traditional sports cars and a new generation of electric vehicles. Eletre is a luxury lifestyle E-segment SUV powered by Company's 800-volt Electrical Performance Architecture, or EPA. Combining its technologically advanced platform with cutting-edge design, Eletre delivers leading performance in acceleration, driving range, and charging speed. Company offers three different versions of Eletre, namely, Eletre, Eletre S, and Eletre R, to satisfy the various demands of customers. Eletre R, in particular, generates a maximum of 905 horsepower (hp) and can accelerate from 0 to 100 km/h in 2.95 seconds. Company is a luxury battery electric vehicle (BEV) manufacturer that designs, develops, and sells luxury lifestyle vehicles under the iconic British brand “Company.” With over seven decades of heritage and proven leadership in racetrack and road cars, the Company brand symbolizes market-leading standards in performance, design, and engineering. The first lifestyle production vehicle, Eletre, is a new breed of pure electric SUV powered by Company’s proprietary 800-volt electric powertrain architecture (EPA). Deliveries of the Eletre commenced in China and Europe in 2023. Planning is underway for deliveries to the U.S. and the rest of the world. The second lifestyle production vehicle, Emeya, was launched in September 2023, and deliveries of the Emeya began in March 2024. In addition to the Eletre and Emeya, Company plans to launch two additional fully electric vehicles in the near future, including a D-segment SUV in 2025 and a BEV sports car in 2026. Company also plans to upgrade its models on an ongoing basis. However, the global luxury BEV market is currently underserved, with only approximately 10 existing luxury BEV models, compared to over 100 internal combustion engine (ICE) luxury models, leaving consumers with limited choices. As an early mover in the global luxury BEV market, Company is leading the electrification transformation of this fast-growing luxury car segment, launching its E-segment BEV model years ahead of competitors and targeting to become the first traditional luxury auto brand to achieve a 100% BEV product portfolio by 2027. Company launched its first fully electric Hyper-SUV, Eletre, in 2022. Beginning with Eletre, all new car rollouts will be BEV models. Company expects to capture market share and realize first mover advantages by addressing unfilled demands in the current market. Eletre is a luxury lifestyle E-segment SUV powered by Company's 800-volt Electrical Performance Architecture, or EPA, which is a newly debuted self-developed BEV platform initially based on the same foundation of Sustainable Experience Architecture, the world’s first open-source BEV architecture. Combining its technologically advanced platform with cutting-edge design, Eletre delivers leading performance in acceleration, driving range, and charging speed. Its 112-kWh battery pack offers a maximum WLTP range of 490 km and can be recharged from 10% to 80% in less than 20 minutes. While offering unrivaled performance, Eletre comes at a better value-for-money proposition — with an average MSRP higher than US$100,000 — compared to traditional luxury OEMs. Deliveries of Eletre commenced in 2023. Company's second lifestyle production vehicle, Emeya, was launched in September 2023, and deliveries of Emeya began in March 2024. In addition to Eletre and Emeya, Company plans to introduce two new models in the near future. Company believes that its R&D capability is one of its key competitive strengths. Drawn from Company brand sports car design heritage, deep automotive expertise, and next-generation technologies, Company's proprietary 800-volt Electrical Performance Architecture (EPA) is a high-performance platform for luxury electric vehicles, which was developed over five years of R&D efforts. The EPA features supercharging capabilities, high energy conservation, and high-speed data transmission, with high adaptability that can accommodate varying battery sizes, motors, and component layouts across vehicle classes. Such superior design enables Company to quickly roll out new models and ramp up production with competitive performance attributes and achieve economies of scale. 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. In addition to Eletre and Emeya, Company plans to launch two additional fully-electric vehicles in the near future, including a D-segment SUV in 2025 and a BEV sportscar in 2026. Company believes that its R&D capability is one of its key competitive strengths. Drawn from Company brand sports car design heritage, deep automotive expertise, and next-generation technologies, Company's proprietary 800-volt EPA is a high-performance platform for luxury electric vehicles, which was developed over five years of R&D efforts. The platform features supercharging capabilities, high energy conservation, and high-speed data transmission, with high adaptability that can accommodate varying battery sizes, motors, and component layouts across vehicle classes. Such superior design enables Company to quickly roll out new models and ramp up production with competitive performance attributes and achieve economies of scale. 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 five wholly-owned R&D facilities spanning the U.K., Germany, and China demonstrate a seamless collaboration among highly experienced and dedicated Company teams to support its world-class R&D capabilities. Company's global sales digital platform provides a full suite of luxury retailing experiences, including a virtual showroom for the brand and its products, an inquiry, order, purchasing, and customization platform, and a reservation system for test drives, product delivery, aftersales services, among others. Company also creates online forums in various geographic markets for customers to engage, search, communicate, and interact. Customers are offered a wide range of options for customization, including exterior, interior, and other functions and features. Customers can also reserve test-driving sessions and have access to the digital payment system, aftersales services, and software updates. Master Distribution Agreement with Subsidiary B Pursuant to the Distribution Agreement entered into by and between Subsidiary B, the entity carrying out Subsidiary B’s sportscar manufacturing operations, and Subsidiary A, 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 vehicles, parts, and certain tools, and to provide aftersales services, branding, marketing, and public relations for such vehicles, parts, and tools distributed by Subsidiary B. 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. On February 22, 2024 (the “Closing Date”), Company consummated its merger with Counterparty A pursuant to a merger agreement dated January 31, 2023 (as amended and restated dated as of October 11, 2023, the “Merger Agreement”) by and among Counterparty A, Company, a Cayman Islands exempted company, Subsidiary A, a Cayman Islands exempted company and wholly-owned subsidiary of Company (“Merger Sub 1”), and Subsidiary B, a Cayman Islands exempted company and wholly-owned subsidiary of Company (“Merger Sub 2”). Company is a pioneering luxury battery electric vehicle (BEV) maker that designs and develops luxury lifestyle vehicles (non-sports car vehicles for daily usage) under the iconic British brand “Company” and sells all Company-branded cars. With over seven decades of racing heritage and proven leadership in the automotive industry, the Company brand symbolizes market-leading standards in performance, design, and engineering. Fusing proprietary next-generation technology built on world-class research and development capabilities and an asset-light model empowered by Counterparty A, Company is breaking new ground in electrification, digitization, and intelligence. The Company brand was founded in the U.K. in 1948 and has since established itself as a high-performance sports car brand with innovative engineering and cutting-edge technologies, renowned for its superior aerodynamics and lightweight design. The Company brand was born out of legendary success on the racetrack, including 13 FIA Formula 1 world titles and many other championship honors. In 2017, Counterparty A acquired a 51% stake in Subsidiary A and further positioned the company as a luxury lifestyle battery electric vehicle (BEV) maker. Eletre is a luxury lifestyle E-segment SUV powered by Company's 800-volt EPA, which is a newly debuted self-developed BEV platform initially based on the same foundation of Sustainable Experience Architecture, the world’s first open-source BEV architecture. Combining its technologically advanced platform with cutting-edge design, Eletre delivers leading performance in acceleration, driving range, and charging speed. Company offers three different versions of Eletre, namely, Eletre, Eletre S, and Eletre R, to satisfy the various demands of customers. Eletre R, in particular, generates a maximum of 905 horsepower (hp) and can accelerate from 0 to 100 km/h in 2.95 seconds. Its 112-kWh battery pack offers a maximum WLTP range of 490 km and can be recharged from 10% to 80% in less than 20 minutes. While offering unrivaled performance, Eletre comes at a better value-for-money proposition — with an average MSRP higher than US$100,000 — compared to traditional luxury OEMs. Company commenced deliveries of Eletre in China and Europe in 2023, and planning is underway for deliveries to the U.S. and the rest of the world. Company's second lifestyle production vehicle, Emeya, was launched in September 2023, and deliveries of Emeya began in March 2024. 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. As an early mover in the global luxury BEV market, Company is leading the electrification transformation of this fast-growing luxury car segment, launching its E-segment BEV model years ahead of competitors and targeting to become the first traditional luxury auto brand to achieve a 100% BEV product portfolio by 2027. Company launched its first fully electric Hyper-SUV, the Eletre, in 2022. Beginning with the Eletre, all new car rollouts will be BEV models. Company expects to capture market share and realize first mover advantages by addressing unfilled demands in the current market. Eletre is a luxury lifestyle E-segment SUV powered by Company's 800-volt EPA, which is a newly debuted self-developed BEV platform initially based on the same foundation of Sustainable Experience Architecture, the world’s first open-source BEV architecture. Combining its technologically advanced platform with cutting-edge design, Eletre delivers leading performance in acceleration, driving range, and charging speed. Company offers three different versions of Eletre, namely, Eletre, Eletre S, and Eletre R, to satisfy the various demands of customers. Eletre R, in particular, generates a maximum of 905 horsepower (hp) and can accelerate from 0 to 100 km/h in 2.95 seconds. The Eletre is the first of Company's new breed of pure electric SUVs. It is the company's first lifestyle vehicle, which aims to set the standard for future lifestyle vehicles. The five-seater (four-seater as optional) measures 5,103 millimeters in length with a 3,019-millimeter wheelbase, providing customers with a spacious and comfortable riding experience. The Eletre comes with five standard drive modes, switchable by adjusting the front and rear wheel steering, damper settings, chassis control system, propulsion strategies, and accelerator pedal response. Efficient aerodynamics have historically been at the heart of the Company brand. A significant element of the exterior design of the Eletre is porosity, which essentially allows air to flow through the vehicle as opposed to being pushed around it, reducing air resistance and delivering a more efficient journey in terms of improved vehicle range, speed, performance, and design aesthetics. The Eletre’s interior brings a comfortable and luxurious feeling to passengers, configuring highly durable materials and an immersive infotainment system. The Eletre is equipped with a 15.1-inch high-definition OLED screen that works in tandem with the digital passenger display and provides access to its advanced infotainment system. Company is a leading global intelligent and luxury mobility provider that designs and develops luxury lifestyle vehicles (non-sports car vehicles for daily usage) under the iconic British brand “Company” and sells all Company-branded cars. With over seven decades of racing heritage and proven leadership in the automotive industry, the Company brand symbolizes market-leading standards in performance, design, and engineering. Fusing proprietary next-generation technology built on world-class research and development capabilities and an asset-light model empowered by Counterparty A, Company is breaking new ground in electrification, digitization, and intelligence. The Company brand was founded in the U.K. in 1948 and has since established itself as a high-performance sports car brand with innovative engineering and cutting-edge technologies, renowned for its superior aerodynamics and lightweight design. The Company brand was born out of legendary success on the racetrack, including 13 FIA Formula 1 world titles and many other championship honors. In 2017, Counterparty A acquired a 51% stake in Subsidiary A and further positioned the company as a luxury lifestyle battery electric vehicle (BEV) maker. The company also plans to upgrade its models on an ongoing basis. The Eletre is the first of Company's new breed of pure electric SUVs. It is the company's first lifestyle vehicle, which aims to set the standard for future lifestyle vehicles. The five-seater (four-seater as optional) measures 5,103 millimeters in length with a 3,019-millimeter wheelbase, providing customers with a spacious and comfortable riding experience. The Eletre comes with five standard drive modes, switchable by adjusting the front and rear wheel steering, damper settings, chassis control system, propulsion strategies, and accelerator pedal response. Three different versions of the Eletre are available, namely, the Eletre, the Eletre S, and the Eletre R, with the choice of two powertrains. These versions are designed to satisfy the various demands of customers — the Eletre R is tailored for customers who seek speed and control, while the Eletre S provides a longer range and more comfort. With an average MSRP higher than US$100,000, the Eletre and the Eletre S feature the 450 kilowatt single-speed version, with a maximum range of 600 kilometers (km) per full charge according to the Worldwide Harmonized Light Vehicles Test Procedure (WLTP). 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 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, aftersales services, among others. Customers are offered a wide range of options for customization, including exterior, interior, and other functions and features. In addition to the fully digitalized online retail model supported by the Company App, Company adopts a direct sales model and has established co-partnership programs with some of the leading automotive dealers across all regions to expand its presence rapidly in an asset-light manner. As part of the Company brand’s philosophy of “born British and raised globally,” Company has developed a global sales and distribution network. Company has taken a decisive path in developing electric vehicle (EV)-related technologies. Company will further establish its strong technology identity, which will be reflected in future electrified models. Bearing the mentality of an outright technology EV brand, Company is leading in vehicle intelligence and digitalization, such as having a smarter Advanced Driver Assistance System (ADAS) and a more immersive infotainment system. Company believes the combination of intelligence, digitalization, and quality will enable the company to achieve technological advantages. Architecture and Chassis Platform Eletre is built on an all-new proprietary 800-volt Electric Power Architecture (EPA) with an integrated high-voltage power distribution system. This architecture utilizes aluminum and high-tensile steel for optimal structural rigidity. The EPA's battery system enables an intelligent heat management operating system for maximum energy conservation. Equipped with all-wheel drive and an electric motor, Eletre can deliver a top speed of 265 km per hour with a maximum torque of 985 Nm and can reach up to 905 hp. The Electric Power Architecture (EPA) adopts a highly adaptable design and inherits Company's lightweight philosophy. The high energy density of the battery pack provides the optimal balance between performance and driving range. What is the product plan for the future? Based on the increasing personalized needs of ultra-luxury market customers, Company has launched multiple special customization and limited edition models in addition to the aforementioned base models. Company will also launch high-performance special editions based on global diversified market demand. If Company offers holders of its ordinary shares the option to receive dividends in either cash or shares, the depositary, after consultation with Company and having received timely notice as described in the deposit agreement of such elective distribution by Company, has discretion to determine to what extent such elective distribution will be made available to holders of the ADSs. Company must timely first instruct the depositary to make such elective distribution available to holders of the ADSs and furnish the depositary with satisfactory evidence that it is legal to do so. The depositary could decide it is not legal or reasonably practicable to make such elective distribution available to holders of the ADSs. In such case, the depositary shall, on the basis of the same determination as is made in respect of the ordinary shares for which no election is made, distribute either cash in the same way as it does in a cash distribution, or additional ADSs representing ordinary shares in the same way as it does in a share distribution. Company's intelligent driving research and development team has developed key intelligent driving algorithms, including cognition, decision-making, planning, and control. Intelligent driving-related testing and simulation tools are also being developed to test and train algorithms and build a foundation for cloud-based services. The advanced intelligent driving software and algorithms take into account various scenarios, including highway, urban, and parking. The Eletre and Emeya models come with L2 intelligent driving solutions such as driving assistance, parking assistance, and active safety systems upon delivery. On top of these functions, Company is developing end-to-end solutions for scenarios such as highway, urban, and parking, with some solutions integrated into its models as premium functions through over-the-air (OTA) updates. Furthermore, Company's intelligent driving arm, Company Robotics, has been designated to license several leading automakers to provide them with intelligent driving technology, software, and intelligent driving-related tools. ● Cloud services. Company constructed a powerful cloud infrastructure to support cloud-based services for customers. Company's cloud services fully empower intelligent driving in data compliance, model training, process optimization, and improve computing power and digital operation capabilities. Company and Subsidiary B have entered into a Distribution Agreement pursuant to which a subsidiary of Company is appointed as the global distributor for Subsidiary B. As such, Company has established a Global Commercial Platform to distribute Company branded vehicle models, including 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). Company believes this is the most efficient approach to market Company cars and promote the Company brand globally. As of June 30, 2024, Company had 207 stores in its global distribution network, and 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 global luxury battery electric vehicle (BEV) market, as defined by BEVs with a manufacturer's suggested retail price (MSRP) of over US$80,000, is expected to grow rapidly. However, the global luxury BEV market is currently underserved, with only approximately 10 existing luxury BEV models, compared to over 100 internal combustion engine (ICE) luxury models, leaving consumers with limited choices. As an early mover in the global luxury BEV market, Company is leading the electrification transformation of this fast-growing luxury car segment, launching its E-segment BEV model years ahead of competitors. Company launched its first fully electric Hyper-SUV, the Eletre, in 2022. The company expects to capture market share and realize first mover advantages by addressing unfilled demands in the current market. Eletre is a luxury lifestyle E-segment SUV powered by Company's 800-volt EPA. Combining its technologically advanced platform with cutting-edge design, Eletre delivers leading performance in acceleration, driving range, and charging speed. Company offers three different versions of Eletre, namely, Eletre, Eletre S, and Eletre R, to satisfy the various demands of customers. Eletre R, in particular, generates a maximum of 905 horsepower (hp) and can accelerate from 0 to 100 km/h in 2.95 seconds. ● implementing and enhancing administrative infrastructure, systems, and processes; and  
● addressing new markets and potentially unforeseen challenges as they arise. Any failure to manage Company's growth effectively could materially and adversely affect the company's business, financial condition, results of operations, and prospects. Company's business plans require a significant amount of capital. In addition, Company's future capital needs may require the company to obtain additional equity or debt financing that may dilute shareholders or introduce covenants that may restrict operations or the ability to pay dividends. Company will need significant capital to, among other things, conduct research and development, expand production capacity, and roll out the sales network, as well as delivery and servicing centers. As Company ramps up production capacity and operations, the company may also require significant capital to maintain its property, plant, and equipment, and such costs may be greater than what is currently anticipated. Company expects that the level of capital expenditures will be significantly affected by consumer demand for its products and services. The fact that the company has a limited operating history means it has limited historical data on the demand for its products and services. Company believes it benefits from a number of competitive advantages:  
● Early mover in the luxury battery electric vehicle (BEV) market.  
● Iconic brand with a racing heritage.  
● Proprietary next-generation technology built on world-class research and development (R&D) capabilities.  
● Asset-light business model supported by the Counterparty A ecosystem.  
● Focus on sustainability targeting an intelligent and high-performance product portfolio.  
● Luxury retail experience and an omni-channel sales model.  
● Global, experienced, and visionary leadership. Company is well positioned to capitalize on the growth momentum of the global luxury battery electric vehicle (BEV) segment by leveraging the following strategies: Counterparty A Holding, a global mobility technology group with a proven track record in seeding BEV brands, has successfully incubated and revitalized a series of world-renowned brands with attractive financial profiles, including Volvo, Polestar, LYNK&CO., and Zeekr. Positioned as the only Counterparty A Holding-affiliated brand with sports car DNA, Company has received comprehensive support from Counterparty A Holding in manufacturing, supply chain, research and development, logistics infrastructure, and human capital, and is in the process of transforming from a British sports car company to a global pioneer of high-performance electric vehicles to bridge the gap between traditional sports cars and a new generation of electric vehicles. The global luxury battery electric vehicle (BEV) market is currently underserved, with only approximately 10 existing luxury BEV models, compared to over 100 internal combustion engine (ICE) luxury models, leaving consumers with limited choices. As an early mover in the global luxury BEV market, Company is leading the electrification transformation of this fast-growing luxury car segment, launching its E-segment BEV model years ahead of competitors. Company launched its first fully electric Hyper-SUV, the Eletre, in 2022. The one-box brake system is another highlight that increases vehicle flexibility, where a de-coupled system design enables a sports car-like brake pedal feel in combination with improved energy regeneration during braking maneuvers. Company Intelligent Driving research and development commenced as early as 2018. Company is committed to building the best platform for advanced intelligent driving technologies and has strong in-house research and development capabilities, which include cognition, decision-making, planning, and control. Company supports end-to-end intelligent driving technologies with expertise in best-in-class hardware, advanced software and algorithms, and powerful cloud solutions. The intelligent driving research and development teams across Europe and China have extensive experience in homologation and a deep understanding of the behaviors and preferences of local customers. Pursuant to the Merger Agreement, (i) Merger Sub 1 was merged with and into Counterparty A (the “First Merger”), with Counterparty A surviving the First Merger as a wholly-owned subsidiary of Company (such company, as the surviving entity of the First Merger, “Surviving Entity 1”) and the shareholders of Counterparty A becoming shareholders of Company, and (ii) immediately following the First Merger and as part of the same overall transaction as the First Merger, Surviving Entity 1 was merged with and into Merger Sub 2 (the “Second Merger,” and together with the First Merger, the “Mergers”), with Merger Sub 2 surviving the Second Merger as a wholly-owned subsidiary of Company (such company, as the surviving entity of the Second Merger, “Surviving Entity 2”) (collectively, the “Merger Transaction” or “Business Combination”). 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 There are two electric motors, one driving the front wheels and another driving the rear wheels. The three-in-one electric drive system integrates each motor with an inverter and a transmitter, an efficient design that makes the unit smaller and lighter. The EPA enables drivers to enjoy stability, precision, and flexibility. ● Stability. The Electric Power Architecture (EPA) system is equipped with active stabilizer bar systems to dynamically adjust stabilizer bars under various driving conditions, delivering a sports car-like experience along with premium agility, cornering stability, and controllability. The active suspension control system adjusts the height and damping rate of the suspension system to provide an optimal balance between comfort and handling performance. ● Precision. The active kinematics control available in the EPA, implemented by a rear-wheel steering system, optimizes cornering control and agility at all speeds. The active kinematics control technology adjusts the turning radius at various speeds and enhances maneuverability at low speeds while improving agility at high speeds. ● Flexibility. The Company intelligent dynamic control system improves the flexibility of vehicles in complex road conditions, such as curved road scenarios, thereby enhancing overall stability. In addition, the completion of any overseas follow-on offerings by an issuer in the same overseas market where it has completed its public offering and listing would necessitate a filing with CSRC within three business days thereafter. As of the date of this prospectus, Company has not been involved in any investigations on cybersecurity review initiated by the Cyberspace Administration of China (CAC), and Company has not received any official inquiry, notice, warning, or sanctions regarding cybersecurity and overseas listing from CAC, the China Securities Regulatory Commission (CSRC), or any other People's Republic of China (PRC) authorities. Based on the opinion of Company's mainland China legal counsel, according to its interpretation of the currently in-effect mainland China laws and regulations, Company believes that, as of the date of this prospectus, this offering does not require the application or completion of any cybersecurity review from PRC governmental authorities, including CAC. However, given (i) the uncertainties with respect to the enactment, implementation, and interpretation of the Overseas Listing Filing Rules and laws and regulations relating to data security, privacy, and cybersecurity; Company offers three different versions of Eletre, namely, Eletre, Eletre S, and Eletre R, to satisfy the various demands of customers. Eletre R, in particular, generates a maximum 905 horsepower (hp) and can accelerate from 0 to 100 km/h in 2.95 seconds. Its 112-kWh battery pack offers a maximum WLTP range of 490 km and can be recharged from 10% to 80% in less than 20 minutes. While offering unrivaled performance, Eletre comes at a better value-for-money proposition — with an average MSRP higher than US$100,000 — compared to traditional luxury original equipment manufacturers (OEMs). Deliveries of Eletre commenced in China and Europe in 2023. Planning is underway for deliveries to the U.S. and the rest of the world. Company's second lifestyle production vehicle, Emeya, was launched in September 2023, and deliveries of Emeya began in March 2024. In addition to Eletre and Emeya, Company plans to launch two additional fully electric vehicles in the near future, including a D-segment SUV in 2025 and a BEV sports car in 2026. Being at the forefront of electrification and decarbonization, Company leads the electrification transformation of the luxury car segment and adheres to the highest international ESG standards with an ESG rating of A- by SynTao Green Finance, which awarded A- and above ranking to only 7% of listed companies in its radar. The photovoltaic power generation system at Company Global Smart Factory generated more than 9,800 MWh in 2023. Company also targets to achieve carbon neutrality across the entire value chain by 2038. Company believes its commitment to sustainability will resonate with customers who share the same values and vision. Luxury retailing experience and omni-channel sales model. Company adopts a digital-first, omni-channel sales model that uses digital channels and physical retail services to provide a seamless and unified experience to customers. The Company App offers customizable services on the digital platform, providing great flexibility and scalability in response to market and customer requirements. In addition, Company adopts a direct sales model and has established co-partnership programs with leading automotive dealers across all regions. Company believes such arrangements can help the company expand quickly while maintaining customer intimacy. Global, experienced, and visionary leadership. 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. Its 112-kWh battery pack offers a maximum WLTP range of 490 km and can be recharged from 10% to 80% in less than 20 minutes. While offering unrivaled performance, Eletre comes at a better value-for-money proposition — with an average MSRP higher than US$100,000 — compared to traditional luxury OEMs. Company's second lifestyle production vehicle, Emeya, was launched in September 2023, and deliveries of Emeya began in March 2024. In addition to Eletre and Emeya, Company plans to introduce two new models in the near future. Company believes that its R&D capability is one of its key competitive strengths. Drawn from the Company brand's sports car design heritage, deep automotive expertise, and next-generation technologies, Company's proprietary 800-volt EPA is a high-performance platform for luxury electric vehicles, which was developed over five years of R&D efforts. The platform features supercharging capabilities, high energy conservation, and high-speed data transmission, with high adaptability that can accommodate varying battery sizes, motors, and component layouts across vehicle classes. Such superior design enables Company to quickly roll out new models and ramp up production with competitive performance attributes, achieving economies of scale. Company is a leading global intelligent and luxury mobility provider that designs and develops luxury lifestyle vehicles (non-sports car vehicles for daily usage) under the iconic British brand “Company” and sells all Company-branded cars. With over seven decades of racing heritage and proven leadership in the automotive industry, the Company brand symbolizes market-leading standards in performance, design, and engineering. Fusing proprietary next-generation technology built on world-class research and development capabilities and an asset-light model empowered by Counterparty A, Company is breaking new ground in electrification, digitization, and intelligence. The Company brand was founded in the U.K. in 1948 and has since established itself as a high-performance luxury vehicle brand with innovative engineering and cutting-edge technologies, renowned for its superior aerodynamics and lightweight design. The Company brand was born out of legendary success on the racetrack, including 13 FIA Formula 1 world titles and many other championship honors. In 2017, Counterparty A acquired a 51% stake in Company and further positioned the company as a luxury lifestyle battery electric vehicle (BEV) manufacturer. Company and Subsidiary B have entered into the Distribution Agreement pursuant to which a subsidiary of Company will be appointed as the global distributor for Subsidiary B. As such, Company has established a Global Commercial Platform to distribute Company branded vehicle models, including Eletre, Emeya, and future BEV 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). Company believes this is the most efficient approach to market Company cars and promote the Company brand globally. As of December 31, 2023, Company had 215 stores in its global distribution network, and plans to expand its retail network to over 300 stores by 2025. And ambition to transform our business. It is a true Company, and we're confident it will delight performance car customers and offer a distinct alternative in the segment. The Eletre has the soul of a Company and the usability of an SUV. Alongside the Emira sports car, this is the perfect two-car garage from Company. The Eletre would be the first in a new range of Company premium lifestyle electric vehicles to be built at an all-new state-of-the-art production facility and set to go on sale across global markets in 2023. The car, the all-new, all-electric, Company Eletre was, without doubt, a striking and progressive addition to the Sports Performance Utility Vehicle segment. It took the core principles and Company DNA from more than 70 years of sports car design and engineering, evolving them into a desirable all-new lifestyle car for the next generation of Company 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. Leveraging Counterparty A Holding’s readily available production capacity, Company believes it can execute its business plan with higher scalability and flexibility while limiting its upfront capital commitments compared to most other original equipment manufacturers (OEMs). Additionally, by leveraging Counterparty A Holding’s global supply chain network, strong bargaining power in procurement, and stable relationships established with reputable suppliers such as NVIDIA, Qualcomm, and CATL, Company can secure high-quality components at more competitive prices, which it believes would allow for better management of any supply chain disruption risk more effectively compared to other OEMs. 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. 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. With the production of the Elite delayed, the Seven took on an unexpected mantle as Company' main road car effort, and about 60 cars were built during 1958. The increasing workload of the Company empire at this time led the company to move from its Hornsey base to a much larger factory not far away in Cheshunt. Another thing to be said of the Seven was that it brought in the funds that Company needed to get the Elite into proper production. The Seven itself was also a costly car to make, taking many man-hours to put together what was essentially just a few pieces of metal. The chassis, in particular, sub-contracted to the Progress Chassis Co., was a somewhat expensive item. 

1957 Series 1 Seven Milestone Car:

- Initial Acceleration: Exceptional
- Running Economy: Efficient
- Handling: Superior
- Dry Weather Grip: Excellent
- Motoring Fun: Sheer

"What other machine can offer such initial acceleration, running economy, handling, dry weather grip, and sheer motoring fun?" - Person A Milestone Car 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. ● 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. In addition to standard safety features, the Eletre includes collision mitigation support (front and rear), traffic sign information, front and rear cross traffic alert, children presence detection, lane departure warning, and emergency rescue call. While customers may be able to cancel their orders, the deposit payment is typically non-refundable, except under specific conditions. See “Risk Factors   —   Risks Relating to Our Business and Industry   —   Company has received a limited number of orders for the Eletre, some of which may be cancelled by customers despite their deposit payment and online confirmation.” Company expects the annual sales volume of the Eletre to be between 40,000 to 50,000 units starting from 2026. Emeya Emeya (Type 133), a four-door luxury and performance vehicle, is Company's second lifestyle vehicle and first hyper grand tourer (hyper-GT) vehicle. Emeya is also one of the world’s most advanced electric hyper-GT vehicles. Emeya is developed based on the same advanced EPA architecture and adopts the same strong aerodynamics and intelligent driving system as the Eletre. If Company offers holders of its ordinary shares the option to receive dividends in either cash or shares, the depositary, after consultation with Company and having received timely notice as described in the deposit agreement of such elective distribution by Company, has discretion to determine to what extent such elective distribution will be made available to you as a holder of the ADSs. Company must timely first instruct the depositary to make such elective distribution available to you and furnish it with satisfactory evidence that it is legal to do so. The depositary could decide it is not legal or reasonably practicable to make such elective distribution available to you. In such case, the depositary shall, on the basis of the same determination as is made in respect of the ordinary shares for which no election is made, distribute either cash in the same way as it does in a cash distribution, or additional ADSs representing ordinary shares in the same way as it does in a share distribution. The depositary is not obligated to make available to you a method to receive the elective dividend in shares rather than in ADSs.