I strongly believe these announcements are simply performance art for the capital markets to keep the share price higher than fundamentals would dictate.

Great, you've designed and prototyped the vehicle. When will they be built at the rate BYD and other Chinese automakers are building EVs? Until then, it's vaporware. All that matters is deliveries (China is exporting ~4M more vehicles per year than VW delivers globally, as of this comment).

If this is messaging fluff, it's aimed at regulators and politicians in Europe. Not shareholders.