Lotus Technology wins 2024 EUCCC Sustainable Business Award for Decarbonization Leadership

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].