Company Performance - Lotus Technology Inc delivered 12,065 vehicles in 2024, marking a year-on-year increase of over 70%, the highest growth rate among leading luxury brands [1] - China accounted for approximately 25% of the company's total global deliveries in 2024 [1] Future Plans - The company aims to increase global deliveries by 20% in 2025, with China expected to contribute 25-28% of total deliveries [2] - Lotus successfully reclaimed proprietary rights to the LOTUS roundel, LOTUS word mark, and the Chinese character "莲花" in China, achieving global trademark consistency [2] Operational Details - The reported vehicle delivery numbers include invoiced deliveries and commissioned deliveries in the US market, derived from business unit reports [3] - The delivery numbers may slightly differ from those recorded in the company's financial accounting and reporting systems [3] Company Overview - Lotus Technology Inc operates across the UK, EU, and China, focusing on luxury lifestyle battery electric vehicles [4] - The company emphasizes world-class R&D in next-generation automobility technologies, including electrification and digitalization [4]

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 ...

Table of Contents As filed with the Securities and Exchange Commission on September 19, 2024 Registration No. 333 - UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT Under The Securities Act of 1933 Lotus Technology Inc. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) +86 21 5466 - 6258 (Address, including zip code, and telephone number, including area code, of Registrant's principal e ...

Core Viewpoint - Lotus Technology Inc. has been recognized for its leadership in decarbonization at the 2024 EUCCC Sustainable Business Award, highlighting its commitment to sustainable business practices and carbon neutrality by 2038 [1][3][5]. Group 1: Awards and Recognition - Lotus Technology received the Decarbonization Leadership award at the 2024 EUCCC Sustainable Business Award held in Shanghai [1][3]. - The EUCCC Sustainable Business Awards have been promoting sustainable business models since 2017, emphasizing social and environmental responsibility [2]. Group 2: Strategic Initiatives - Since 2018, Lotus Tech has been implementing the Vision80 strategy, focusing on business transformation and electrification, launching three pure electric vehicles [4]. - The company aims for carbon neutrality across its entire value chain by 2038 and has achieved 100% renewable energy use in some global offices [5]. Group 3: Technological Advancements - Lotus Tech has installed photovoltaics at its Global Smart Factory for green production, recognized as a national-level green factory in China [5]. - In 2023, the company introduced intelligent photovoltaic storage and charging robots to enhance decarbonization practices [5]. Group 4: Corporate Commitment - The Chairman of the ESG Committee at Lotus Tech emphasized the importance of decarbonization in the company's sustainable business strategy [5]. - Lotus Tech is a supporter of the International Sustainability Standards Board (ISSB), reinforcing its commitment to sustainability [5].

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 ...