Lotus Technology Nominated for Reuters Sustainability Awards 2024
Rhea-AI Summary
Lotus Technology (Nasdaq: LOT) has been nominated as a finalist in two categories for the Reuters Sustainability Awards 2024: Business Transformation and Net Zero: Operations Transformation. This recognition highlights the company's commitment to sustainability and its Vision80 Strategy for business transformation and electrification.
Since 2018, Lotus has launched three electric vehicles: the Evija hypercar, Eletre hyper-SUV, and Emeya hyper-GT. The company aims for carbon neutrality across its entire value chain by 2038. Lotus Tech has implemented sustainable practices, including using 100% renewable energy in selected offices and installing solar power in its Global Smart Factory, which is certified as a Green Factory.
Chairman of ESG Committee, Alexious Lee, emphasized Lotus Tech's role as a pioneer in sustainable luxury mobility and its commitment to driving social change through innovation and sustainable operations.
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On the day this news was published, LOT gained 0.71%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The Company is a finalist in Reuters Sustainability Awards 2024 in the Business Transformation category and the Net Zero: Operations Transformation category
NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or “the Company”) (Nasdaq: LOT), a leading global luxury electric vehicle maker, has today announced it becomes a finalist in two categories in Reuters Sustainability Awards 2024.
Reuters Sustainability Awards, now in their 14th year, are the world’s leading awards celebrating leadership in sustainable business. These awards recognize strategies that deliver tangible impacts on business, society, and the environment.
The nomination of Lotus Tech as a finalist in the two categories of both business and operations transformation demonstrates the global recognition of the Company’s holistic approach to sustainability.
Since 2018, Lotus has committed to its Vision80 Strategy, a comprehensive roadmap aimed at business transformation and electrification. The Company has launched three electric vehicles and delivers to customers globally, including its hypercar Evija, its hyper-SUV Eletre, and hyper-GT Emeya. The Company is targeting carbon neutrality across its entire value chain by 2038, while also advancing initiatives that promote social responsibility and business integrity. It has utilized
“As a pioneer in the sustainable luxury mobility, Lotus Tech is poised to drive social change and address environmental priorities through sustainable innovation and operations,” said Lotus Tech Chairman of ESG Committee Mr. Alexious Lee. “Reuters’ recognition validates our comprehensive sustainability strategy and the significant progress we have made. We are honored by this acknowledgment and remain dedicated to a more sustainable, inclusive and equitable future.”
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
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
Media inquiries
Demi Zhang
ir@group-lotus.com
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