Core Insights - Lotus Technology Inc. delivered a total of 9,871 vehicles in the first eleven months of 2024, showcasing strong sales performance [2] - The European market accounted for nearly 40% of total deliveries, while China contributed about 25%, indicating significant growth in these regions [2] - The company received the Green Apple Environment Award in November for its commitment to sustainable environmental practices [2] Company Overview - Lotus Technology Inc. operates across the UK, EU, and China, focusing on luxury lifestyle battery electric vehicles and next-generation automobility technologies [4] - The company emphasizes research and development in areas such as electrification and digitalization [4]

Core Insights - Lotus Technology Inc. reported a significant operational growth with total vehicle deliveries reaching 7,617 units in the first nine months of 2024, marking a 136% year-on-year increase [2][13] - The company's total revenue for the same period was $653 million, more than doubling from the previous year, with a 105% year-on-year increase [8][9] - The intelligent driving business revenue from customers other than Lotus surged to $11 million, reflecting a remarkable 450% year-on-year growth [6][13] Delivery Performance - In the first nine months of 2024, Lotus delivered 7,617 vehicles, with Europe showing a 372% increase in deliveries [2][3] - The deliveries by model type included 3,983 Lifestyle SUVs and Sedans (up 126% YoY) and 3,634 Sportscars (up 149% YoY) [5] - The company achieved a diversified global allocation, with each region contributing 18-35% to total deliveries [2] Financial Highlights - Total revenues for the first nine months of 2024 reached $653 million, with sales of goods at $624 million and service revenues at $29 million [8][9] - The gross margin for the first nine months was 9%, down from 11% in the same period of 2023, primarily due to inventory management [8][9] - The operating loss for the first nine months was $598 million, a 18% increase year-on-year, while the net loss was $667 million [8][9] Technological Advancements - Lotus launched its Hyper Hybrid EV technology, featuring a combined range of over 1,100 kilometers and industry-leading Dual Hyper Charging technology [4][11] - The company continues to innovate in intelligent driving solutions, securing a total contract value of approximately $130 million with various automakers [6][13] Recent Developments - The company commenced deliveries of the Emira in South Africa and India, and the Eletre in Japan, South Korea, and the Philippines [3] - Lotus started an open beta test for urban NOA (Navigate on Autopilot) services in key cities, following the launch of highway OTA services [12]

Core Viewpoint - Lotus Technology Inc. will report its unaudited third quarter 2024 financial results on November 21, 2024, before market opening in the United States [1] Group 1: Financial Reporting - The earnings conference call is scheduled for 7:00 AM U.S. Eastern Time on November 21, 2024 [2] - A live audio webcast and replay will be available on the Company's investor relations website following the call [2] Group 2: Company Overview - Lotus Technology Inc. operates in the UK, EU, and China, focusing on luxury lifestyle battery electric vehicles [3] - The Company emphasizes world-class R&D in next-generation automobility technologies, including electrification and digitalization [3]

Core Insights - Lotus Technology Inc. has received the Highly Commends honor at the Reuters Sustainability Awards 2024 in the Business Transformation category, marking it as the only winner from the automotive industry among over 700 global entrants [1][2] - The award recognizes companies that are making significant strides in transforming their business models towards sustainability, highlighting Lotus Tech's comprehensive sustainability strategy and transparent disclosures [1] Business Transformation - Since the announcement of its Vision80 Strategy in 2018, Lotus Tech has focused on becoming a leading intelligent and luxury mobility provider, launching three electric vehicles: the Evija hypercar, Eletre SUV, and Emeya GT Sedan, which are distributed globally [2] - The Chairman of the ESG Committee at Lotus Tech expressed pride in the recognition and emphasized the company's commitment to driving positive change for future generations and the planet [2] Company Overview - Lotus Technology Inc. operates in the UK, EU, and China, specializing in luxury lifestyle battery electric vehicles and focusing on R&D in next-generation automobility technologies, including electrification and digitalization [2]

NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus" or the "Company"), a leading global intelligent and luxury mobility provider, today announced its vehicle delivery results for the first nine months of 2024. Lotus continues to achieve top-rate growth among traditional luxury car brands, delivering 7,543 vehicles1 in the first nine months of 2024, representing a year-on-year increase of 134%. Global allocation in terms of deliveries remained well-distributed, with Europe, China, Nort ...

NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or "the Company") (Nasdaq: LOT), a leading global intelligent luxury mobility provider, has been celebrated at the 2024 EUCCC Sustainable Business Award in Shanghai on September 4th for Decarbonization Leadership. EUCCC (The European Union Chamber of Commerce in China) was established in 2000 as an independent advocacy organization for EU businesses in China, with high authority and significant influence. The Sustainable Busine ...

NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (Nasdaq: LOT), a leading global intelligent luxury mobility provider, today announced that its intelligent driving arm, Lotus Robotics, has provided end-to-end intelligent driving solutions to Farizon Auto, a global leading automaker in new energy commercial vehicle sector. This strategic collaboration marks a significant milestone as the Company further expand its business outreach through technologies. Farizo ...

NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (Nasdaq: LOT), a leading global intelligent luxury mobility provider, today announced that its intelligent driving arm, Lotus Robotics, has provided intelligent driving solutions to Lynk&Co, a global leading automaker with operations across Europe and Asia. This collaboration marks a significant milestone in the commercialization of the Company's advanced technology capabilities. The Company celebrates the laun ...

NEW YORK , Aug. 02, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (Nasdaq: LOT), a leading global luxury electric vehicle maker, today announced that it will report its unaudited first half 2024 financial results on August 28, 2024, before market opening in the United States. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, August 28, 2024 (14:00 Central European Time / 20:00 China Standard Time on August 28, 2024). Th ...

NEW YORK , Aug. 02, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (Nasdaq: LOT), a leading global luxury electric vehicle maker, today announced that it will report its unaudited first half 2024 financial results on August 28, 2024, before market opening in the United States. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, August 28, 2024 (14:00 Central European Time / 20:00 China Standard Time on August 28, 2024). Th ...