Lotus Technology Announces Delivery Updates of First Eleven Months of 2024
Rhea-AI Summary
Lotus Technology reported delivering 9,871 vehicles in the first eleven months of 2024. The company maintained strong performance in Europe, which accounted for nearly 40% of total deliveries, while China contributed approximately 25%. The company was recognized with the Green Apple Environment Award in November for its sustainable environmental practices. Lotus has established itself as a leading British luxury brand, competing with prestigious manufacturers like Bentley, Rolls Royce, Aston Martin, and McLaren.
Positive
- Strong European market presence with 40% of total deliveries
- Successful market penetration in China with 25% of deliveries
- Recognition for environmental practices with Green Apple Environment Award
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, LOT gained 4.13%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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 vehicles1 in the first eleven months of 2024. As a top seller British luxury brand2, Lotus continued its strong momentum in the European market, which contributed nearly
In November, the Company was awarded the Green Apple Environment Award for its commitment to sustainable environmental practices.
Note 1: Invoiced deliveries, including commissioned deliveries in the US market. The vehicle delivery numbers presented above are derived from reports submitted by our business units. These numbers may differ slightly from the vehicle delivery numbers recorded in the financial accounting and reporting systems announced or to be announced by the Company.
Note 2: Including Bentley, Rolls Royce, Aston Martin, McLaren.
About Lotus Technology Inc.
Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle battery electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalisation and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com.
Forward-Looking Statements
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Tech undertakes no obligation to update any forward-looking statement, except as required under applicable law.
Contact Information
For investor inquiries
ir@group-lotus.com
FAQ
How many vehicles did Lotus Technology (LOT) deliver in the first eleven months of 2024?
What percentage of Lotus Technology's (LOT) deliveries came from Europe in 2024?
What was China's contribution to Lotus Technology's (LOT) deliveries in 2024?
What environmental award did Lotus Technology (LOT) receive in November 2024?
