Android Studio – Unable to install apps after phone update android studio

Problem: I am working on developing an application in android studio, and was able to install application on my physical device(One plus nord) up until recently when i downloaded and installed a new software update on my phone. Since then i am not able to install any application through android studio and i get an error:

Installation did not succeed.
The application could not be installed: INSTALL_PARSE_FAILED_MANIFEST_MALFORMED

List of apks:
[0] 'D:UsersvineeAndroid Studio AppsParkingSystemappbuildoutputsapkdebugapp-debug.apk'
Installation failed due to: 'null'

every time i try to install the application on my device.
What I have done: I have tried various solution from including an installation flag -r -t to changing the project name to all small letters and cleaning and building the project again. Doing all this i could figure out the exact cause of this problem.

The same application is installed onto a same company phone with yet to be updated software(One plus 9pro) and the same problem follows with my previously finished project which ran on all devices, so it would not be an issue with the build of the project and yes i the application is installing and running on all my virtual devices.

There is no issue with the USB cable, USB debugging is turned on and there appears to be no option to enable install from unknown sources on my phone(old or new), also not able to revert back to the previous software version in my phone.

Device details:
Android studio:4.1.1
One plus Nord: Android 12
One plus 9 Pro: Android 11.

Build details:

android {
compileSdkVersion 33
buildToolsVersion "32.0.0"

defaultConfig {
    applicationId "com.example.parkingsystem"
    minSdkVersion 24
    targetSdkVersion 33
    versionCode 1
    versionName "1.0"
    multiDexEnabled true

    testInstrumentationRunner "androidx.test.runner.AndroidJUnitRunner"
}

buildTypes {
    release {
        minifyEnabled false
        proguardFiles getDefaultProguardFile('proguard-android-optimize.txt'), 'proguard-rules.pro'
    }
}
compileOptions {
    sourceCompatibility JavaVersion.VERSION_1_8
    targetCompatibility JavaVersion.VERSION_1_8
}

}

I have been trying to resolve this issue i even changed the sdk version to 33 from 32, changing buildtool vesion to 33.0.0 yeilds an error that it is corrupted.

What can be done to resolve this issue?

Thank you.

Edited: my manifest file.

<?xml version="1.0" encoding="utf-8"?>
<manifest xmlns:android="http://schemas.android.com/apk/res/android"
    package="com.example.parkingsystem">

    <uses-permission android:name="android.permission.ACCESS_FINE_LOCATION" />
    <uses-permission android:name="android.permission.INTERNET" />
    <uses-permission android:name="android.permission.ACCESS_NETWORK_STATE" />
    <uses-permission android:name="android.permission.WAKE_LOCK" />
    <uses-permission android:name="android.permission.ACCESS_COARSE_LOCATION" />
    <queries>
        <package android:name="com.google.android.apps.maps"/>
    </queries>

    <application
        android:allowBackup="true"
        android:hardwareAccelerated="false"
        android:icon="@mipmap/launcher_logo"
        android:label="@string/app_name"
        android:largeHeap="true"
        android:roundIcon="@mipmap/launcher_logo"
        android:supportsRtl="true"
        android:theme="@style/Theme.ParkingSystem"
        android:exported="true">
        <meta-data
            android:name="com.google.android.geo.API_KEY"
            android:value="@string/google_maps_key" />

        <activity android:name=".vehicle_type_selection"
            android:exported="true"/>
        <activity android:name=".registration"
            android:exported="true"/>
        <activity android:name=".otpverificationactivity"
            android:exported="true"/>
        <activity
            android:name=".homeactivity"
            android:screenOrientation="portrait"
            android:theme="@style/Theme.ParkingSystem.NoActionBar"
            android:exported="true"/>
        <activity android:name=".mainactivity"
            android:exported="true">
            <intent-filter>
                <action android:name="android.intent.action.MAIN" />
                <category android:name="android.intent.category.LAUNCHER" />
            </intent-filter>
        </activity>

    </application>

</manifest>