Lotus Technology Honored as Highly Commends at Reuters Sustainability Awards 2024

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Lotus Technology (Nasdaq: LOT) has received the Highly Commends honor at the Reuters Sustainability Awards 2024 in the Business Transformation category. The company emerged as the only automotive industry winner among 700 global entrants, with 30 winners across 17 categories. The award recognizes Lotus Tech's commitment to sustainable business transformation since its Vision80 Strategy in 2018.

The company has successfully launched three electric vehicles: the Evija hypercar, Eletre SUV, and Emeya GT sedan. This recognition highlights Lotus Tech's comprehensive sustainability strategy, data-driven approach, and transparent disclosures in transforming into an intelligent and luxury mobility provider.

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 winners were selected across 17 categories. Notably, Lotus Tech is the sole winner from the automotive industry.

The Business Transformation Award recognizes companies taking crucial steps to transform their business models in line with a clean, resilient, and just future. Lotus Tech's win is a testament to its comprehensive sustainability strategy, data-driven approach, and transparent disclosures that support systemic transformation.

Since its Vision80 Strategy announced in 2018, the Company has been steadfastly driving business transformation to intelligent and luxury mobility provider. It has launched three electric vehicles - the hypercar Evija, Eletre (SUV), and Emeya (GT, Sedan) - and distributes them globally.

“We're truly proud to receive this honor from the Reuters Sustainability Awards,” said Mr. Alexious Lee, Chairman of the ESG Committee at Lotus Tech. “We have made incredible progress since embarking on our business transformation journey in 2018. With this recognition, we are more determined to drive positive change for the next generation and our planet.”

To learn more about Lotus Tech’s ESG strategy and achievements, download the ESG report here: https://ir.group-lotus.com/environmental-social-governance

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.
Contact Information
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ir@group-lotus.com

FAQ

What award did Lotus Technology (LOT) receive at the Reuters Sustainability Awards 2024?

Lotus Technology received the Highly Commends honor in the Business Transformation category at the Reuters Sustainability Awards 2024.

How many electric vehicles has Lotus Technology (LOT) launched since 2018?

Lotus Technology has launched three electric vehicles: the Evija hypercar, Eletre SUV, and Emeya GT sedan.

What is Lotus Technology's (LOT) strategic transformation initiative from 2018?

Lotus Technology's Vision80 Strategy, announced in 2018, focuses on transforming the company into an intelligent and luxury mobility provider.

How many companies won at the Reuters Sustainability Awards 2024?

Out of over 700 global entrants, 30 winners were selected across 17 categories, with Lotus Technology being the only automotive industry winner.