What are the differences between the three versions of the Eletre?
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. 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. 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. 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). The Eletre and the Eletre S can deliver a top speed of 258 km per hour and an acceleration from zero to 100 km per hour in 4.5 seconds and from 80 to 120 km per hour in less than 2.2 seconds, with a maximum of 710 Newton-meters (Nm) of torque. With an average MSRP higher than US$130,000, the Eletre R comes with the flagship 675 kilowatt dual-speed system, with a maximum WLTP range of 490 km and a dual-speed version on the rear engine. The Eletre R can deliver a top speed of 265 km per hour and an acceleration from zero to 100 km per hour in just around 2.95 seconds and from 80 to 120 km per hour in less than around 1.9 seconds, with a maximum of 985 Nm of torque. In addition to the standard five drive modes, the Eletre R also comes with an additional track mode. All three versions come with a 112-kilowatt-hour battery pack, with a fast charging time of less than 20 minutes from 10% to 80% capacity using a rapid charger.
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. 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. 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. Company offers slightly different Eletre, Eletre S, and Eletre R models (namely, the Eletre L+, the Eletre S+, and the Eletre R+) tailored to the China market. 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, incorporating 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. 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. 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, Company Cars, 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. 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 and Subsidiary B have entered into a master 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 the 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 the 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. 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. 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. Subsidiary B has developed a Global Commercial Platform for the sales and distribution of its vehicles and sports cars. As of June 30, 2024, Subsidiary B had 207 stores in its global distribution network. Luxury Retailing Experience for Customers Aiming to provide a future-proof, luxurious customer experience, Company adopts a digital-first, omni-channel sales model for the Eletre, Emeya, and future models to establish and develop direct relationships with customers, covering the entire spectrum of customer experience, both physically and virtually. The rear-view mirror, a second to help create a 360-degree view of the car from above to aid parking, and a third that's part of the intelligent driving technologies. The Eletre could be fitted with standard mirrors in markets where local regulations did not allow ERMD. The car rode on 23-inch machine-cut split-finish five-spoke alloy wheels with carbon-fibre inserts to aid air flow and ceramic composite 10-piston caliper brakes, an option in all markets. The Eletre was built on Company's all-new and highly versatile Electric Premium Architecture (EPA), with attributes defined at Hethel and supported by collaborative work with teams in China, Sweden, and Germany. The low-to-the-ground 'skateboard' design meant outstanding handling and could be easily adapted to accommodate different battery sizes, motors, component layouts, and intelligent driving technologies. The car's leading edge emerges through two exit vents in the bonnet above. There are other instances of porosity ahead of and behind the front wheel arches, behind the rear wheels, and even at the top of the D-pillar. The car stats are as follows: Model Type 132, named Eletre, is currently in production since 2022. It is a Pure Electric 4WD vehicle with an engine type and a battery capacity/power of 100 kW/h+/600+ bhp. The dimensions are Length: 201 inches, Width: 88.0 inches, Height: 64.2 inches, Wheelbase: 118.8 inches, and Weight: 4480 lb/2032 kg. 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. 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 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 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. 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. 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. 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. 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. 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 Powered by Company's high-power dual motor, Emeya can deliver an acceleration from zero to 100 km per hour in 2.8 seconds, making it one of the fastest electric GTs in the world. Equipped with Company's supercharging feature, Emeya can reach a range of 150 km with five minutes of charging time and boost up to 80% capacity within 18 minutes of charging time using a 350 kW direct current fast charger. In addition, Emeya has been meticulously designed with the latest sustainable materials to reduce the carbon footprint of its production. Company commenced deliveries of Emeya in China in March 2024 and expects to commence deliveries in Europe in the second half of 2024. The average MSRP of Emeya exceeds US$100,000. Company expects the annual sales volume of Emeya to be between 30,000 and 40,000 units starting from 2028. Future Models 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. 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. 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. 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. 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.