News & Videos - LOTUS TECHNOLOGY INC. ADS

Over 12,000 vehicles delivered in 2024, a year-on-year increase over 70%. Total revenue reached $924 million, a 36% year-on-year growth. Achieved a reduction in operating expenses for five consecutive quarters through rigorous execution of efficiency enhancement initiatives. The Company is expected to consolidate the entire global business of the Lotus brand by acquisition of a majority interest in Lotus UK upon the closing of Geely’s put option. NEW YORK, April 22, 2025 (GLOBE NEWSWIRE) --...

NEW YORK, April 16, 2025 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, today announced that Geely International (Hong Kong) Limited (“Geely”) exercised its put option on April 14, 2025, requiring us to purchase 51% of the equity interests in Lotus Advance Technologies Sdn Bhd (“Lotus UK”) held by Geely pursuant to the Put Option Agreement dated January 31, 2023 between the...

NEW YORK, April 08, 2025 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus” or the “Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, today announced changes to its management team and board of directors. The board of directors of the company (the “Board”) has approved the appointment of Mr. Daxue Wang as the Chief Financial Officer (“CFO”) of the Company effective April 8, 2025. Mr. Wang is a seasoned executive across corporate and prominent...

NEW YORK, March 28, 2025 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus” or the “Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, today announced that it will report its unaudited fourth quarter and full year 2024 financial results on April 22, 2025, 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 Tuesday, April 22, 2025 (14:00 Central European Time / 20:00...

NEW YORK, March 13, 2025 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus” or the “Company”), a leading global intelligent and luxury mobility provider, announced Lotus Robotics, its intelligent driving arm, has established a strategic partnership with CaoCao Mobility, a prominent ride-hailing service provider in China. Lotus Robotics and CaoCao Mobility have launched an innovative intelligent mobility platform for robotaxis, representing a major breakthrough in intelligent mobility for...

NEW YORK, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus” or the “Company”), a leading global intelligent and luxury mobility provider, today announced its preliminary vehicle delivery results for the full year of 2024. Lotus delivered 12,065 vehicles 1 in 2024, representing a year-on-year increase of over 70% and boasting the top growth rate among leading luxury brands 2 . China contributed approximately 25% of the total global deliveries in 2024. In 2025, the Company...

NEW YORK, Dec. 02, 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 eleven months of 2024. The Company delivered 9,871 vehicles 1 in the first eleven months of 2024. As a top seller British luxury brand 2 , Lotus continued its strong momentum in the European market, which contributed nearly 40% of total deliveries for the eleven months ended...

NEW YORK, Nov. 29, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or “the Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, was awarded the Green Apple Environment Award for its commitment to sustainable environmental practices. The Green Organization, an independent, non-political, and non-profit environmental group since 1994, is dedicated to recognizing, rewarding, and promoting environmental best practices and corporate social...

Over 7,600 vehicles delivered in the first nine months of 2024, a year-on-year increase of 136% Total revenue reached $653 million, more than doubled year-on-year Revenue of intelligent driving business from customers other than Lotus surged to $11 million with a year-on-year growth of 450% Launched Hyper Hybrid EV technology that provides high-performance with a combined range of over 1,100 kilometers NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the...

NEW YORK, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus" or the "Company") (Nasdaq: LOT), a leading global intelligent luxury mobility provider, announced that Lotus Robotics, a subsidiary of the Company, has to date achieved a total contract value 1 of approximately US$130 million for its intelligent driving solutions, symbolizing a significant driver for the long-term and sustainable growth of the Company. Lotus Robotics has secured agreements with leading global auto...

NEW YORK, Nov. 12, 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 ten months of 2024. Lotus continues to achieve top-rate growth among traditional luxury car brands, delivering 8,631 vehicles 1 in the first ten months of 2024. Europe and China continued to be the major markets for Lotus with each region contributing about 35% and 25% of the...

NEW YORK, Oct. 29, 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 third quarter 2024 financial results on November 21, 2024, before market opening in the United States. The Company’s management will host an earnings conference call at 7:00 AM U.S. Eastern Time on Thursday, November 21, 2024 (13:00 Central European Time / 20:00 China Standard...

NEW YORK, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or “the Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, has been bestowed with the Highly Commends honor at the Reuters Sustainability Awards 2024 in the Business Transformation category. The Reuters Sustainability Awards, now in its 14th year, stand as the world's premier awards celebrating leadership in sustainable business. With over 700 global entrants this year, 30...

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 vehicles 1 in the first nine months of 2024, representing a year-on-year increase of 134%. Global allocation in terms of deliveries remained well-distributed,...

NEW YORK, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (Nasdaq: LOT), a leading global intelligent luxury mobility provider, is proud to announce a major breakthrough in its intelligent driving services, marking a revolutionary step forward in the automotive industry. This advancement reflects Lotus Tech’s unwavering dedication to integrating cutting-edge technology into its world-renowned luxury vehicles, redefining the driving experience for its...

NEW YORK, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global intelligent luxury mobility provider, today announced the exciting debut of Theory 1, a revolutionary concept car that represents the pinnacle of innovation and sustainability in the automotive industry. This groundbreaking vehicle redefines the future of driving with its cutting-edge technologies, striking design, and unparalleled environmental...

NEW YORK, Sept. 16, 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 been selected to supply to a world-class Japanese tier-one supplier, marking a vital step for Lotus Tech to enter into the Japanese market through its cutting-edge intelligent driving technology. The selection by the Japanese tier-one supplier relates...

NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (Nasdaq: LOT), a leading global intelligent luxury mobility provider, proudly announces the commencement of deliveries of its Eletre model, the intelligent hyper SUV, in Korea and Japan. This milestone marks a significant step forward as Lotus continues to expand its footprint in key geographies, following the brand's successful re-entry into these regions last year. Korea and Japan are established...

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 4 th 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....

NEW YORK, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global intelligent luxury mobility provider, today announced that it has recently obtained local homologation certification for the Eletre (SUV) model and the Emeya (GT, Sedan) model in the GCC region, paving the way for deliveries of Eletre (SUV) started in the third quarter. The milestone marks an important step as the Company continues to expand its presence in a...