Lotus Technology (LOT) Q1 2025 Earnings Call June 25, 2025 08:00 AM ET Speaker0 Day, and thank you for standing by. Welcome to Lotus Technology Inc. First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. Please be advised that today's conference is being recorded. I would now like to hand the conference over to Ms. Demi Zhang from the company. Please go ahead. Speaker1 Thank you, operator. Good morning, good afternoon, and good evening, everyone. ...

Core Insights - Fontaine Modification is leading a consortium to develop a Class 6 fuel-cell-electric truck aimed at "middle mile" delivery logistics, collaborating with Ballard Power Systems, Forsee Power, and Linamar Corporation [1][3] Company Contributions - Fontaine Modification is the vehicle and systems integrator, assembling the fuel cell electric vehicle (FCEV) on a 26,000-pound GVWR straight truck chassis at its Charlotte modification center [2] - Ballard Power Systems is supplying the fuel cell system, specifically the FCmove®-XD, which offers up to 60% fuel efficiency and a volumetric power density of 0.36 kW/L [5] - Forsee Power is providing the high-voltage battery system critical for the FCEV's operation, optimizing performance for both long-distance and local deliveries [6] - Linamar Corporation is supplying the eAxle for the FCEV, contributing to its low-maintenance design and regenerative braking system [7] Project Timeline and Goals - The consortium plans to complete a pilot unit by summer 2025, which will undergo independent track testing before a six-month trial with a large commercial fleet in the U.S. [3] - Regular production of the truck is anticipated to begin as early as late 2026, contingent on the successful completion of the field trial [3] Market Context - The middle-mile segment involves freight transportation between warehouses or distribution centers, typically covering distances of 300 to 500 miles, making fuel-cell systems a suitable zero-emission option for this range [4]