Lotus Technology Releases 2024 ESG Report, Showcasing Commitment to Sustainability and Innovation

Rhea-AI Summary

Lotus Technology (Nasdaq: LOT) has released its 2024 ESG Report, audited by TÜV NORD, showcasing the company's sustainability initiatives and achievements. Key highlights include the unveiling of Theory 1, an innovative concept car utilizing only 10 main A-surface materials compared to the industry standard of 100, demonstrating commitment to material minimization and sustainable development.

The company's Global Smart Factory received the "Leading-Zero Carbon Factory" certification. Lotus Tech also participated in the World Economic Forum's Nature Positive Transitions Report series and earned notable recognitions including the Reuters Sustainability Award and EU Chamber of Commerce Sustainable Business Award.

Positive

• Received prestigious 'Leading-Zero Carbon Factory' certification for sustainable production practices
• Innovative Theory 1 concept car achieves 90% reduction in A-surface materials compared to industry standard
• Gained international recognition with Reuters Sustainability Award and EU Chamber of Commerce Sustainable Business Award

Negative

• None.

News Market Reaction – LOT

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-6.57% News Effect

On the day this news was published, LOT declined 6.57%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, May 26, 2025 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, today released its 2024 Environmental, Social, and Governance (ESG) Report, highlighting the Company’s progress in advancing sustainable practices, innovative green products, and global leadership in clean mobility. The report has been audited by TÜV NORD, an independent third-party inspection, testing and assurance agency.

“Lotus Tech’s 2024 ESG report reflects our unwavering commitment to driving sustainable change and creating a better future for all,” said Dr. Daxue Wang, Chairman of the ESG Committee at Lotus Tech. “Through cutting-edge innovation, responsible manufacturing, and active participation in global sustainability efforts, we are dedicated to delivering eco-friendly solutions and fostering a more sustainable world.”

Key Highlights from the 2024 ESG Report:

• Innovative Green Products: Lotus Tech unveiled its first concept car, Theory 1, centered on advanced technology, material minimization, and sustainable development. In contrast to mainstream industry models that utilize on average 100 A-surface materials, Theory 1 sets a "Challenge of 10" goal, employing only ten main A-surface materials, with performance, lightweight and sustainable properties.
• Green Manufacturing Excellence: Lotus Global Smart Factory has been awarded the prestigious “Leading-Zero Carbon Factory” certification, recognizing its efforts to achieve carbon neutrality and sustainable production practices.
• Global Sustainability Engagement: Lotus Tech actively participated in the global sustainability initiatives and reporting. In 2024, Lotus Tech has contributed showcases for the World Economic Forum (WEF)’s Nature Positive Transitions Report series, demonstrating its commitment to driving global climate action.
  

The Company received accolades in 2024, including the Reuters Sustainability Award and the EU Chamber of Commerce Sustainable Business Award, acknowledging its achievements in sustainability and responsible business practices.

To read Lotus Tech’s 2024 ESG Report, please visit www.group-lotus.com/esg.

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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FAQ

What are the key highlights of Lotus Technology's (LOT) 2024 ESG Report?

The key highlights include the Theory 1 concept car with only 10 A-surface materials, the 'Leading-Zero Carbon Factory' certification, participation in WEF's Nature Positive Transitions Report, and winning the Reuters Sustainability Award and EU Chamber of Commerce Sustainable Business Award.

How does Lotus Technology's Theory 1 concept car differ from industry standards?

Theory 1 uses only 10 main A-surface materials, compared to the industry standard of 100, focusing on performance, lightweight and sustainable properties.

What sustainability certifications did Lotus Technology (LOT) receive in 2024?

Lotus Tech's Global Smart Factory received the 'Leading-Zero Carbon Factory' certification for its carbon neutrality and sustainable production practices.

What awards did Lotus Technology (LOT) win for sustainability in 2024?

Lotus Tech won the Reuters Sustainability Award and the EU Chamber of Commerce Sustainable Business Award for sustainability and responsible business practices.