Lotus Robotics Provides Intelligent Driving Solutions for Lynk&Co’s First All-electric Sedan
Lotus Technology Inc. (Nasdaq: LOT), a global intelligent luxury mobility provider, announced that its subsidiary Lotus Robotics has provided intelligent driving solutions for Lynk&Co's first all-electric sedan, the Z10. This collaboration marks a significant milestone in commercializing Lotus Tech's advanced technology capabilities. The Z10 features Lotus Robotics' intelligent driving solutions, including highway and urban NOA.
Lotus Robotics, established as part of Lotus Tech's Vision80 strategy in 2018, has become a premier provider of comprehensive intelligent driving solutions. The company offers advanced software, cloud toolchains, integrated hardware and software development, and intelligent driving operation solutions. Lotus Tech aims to deliver luxury intelligent vehicles and cutting-edge technologies across global markets through its network of over 200 stores worldwide.
Lotus Technology Inc. (Nasdaq: LOT), un fornitore globale di mobilità di lusso intelligente, ha annunciato che la sua filiale Lotus Robotics ha fornito soluzioni di guida intelligente per la prima berlina completamente elettrica di Lynk&Co, la Z10. Questa collaborazione segna un traguardo significativo nella commercializzazione delle capacità tecnologiche avanzate di Lotus Tech. La Z10 presenta le soluzioni di guida intelligente di Lotus Robotics, inclusi i sistemi NOA per autostrade e ambienti urbani.
Lotus Robotics, costituita come parte della strategia Vision80 di Lotus Tech nel 2018, è diventata un fornitore di riferimento di soluzioni di guida intelligente complete. L'azienda offre software avanzato, toolchain cloud, sviluppo hardware e software integrati, e soluzioni operative per la guida intelligente. Lotus Tech mira a fornire veicoli di lusso intelligenti e tecnologie all'avanguardia nei mercati globali attraverso la sua rete di oltre 200 negozi in tutto il mondo.
Lotus Technology Inc. (Nasdaq: LOT), un proveedor global de movilidad de lujo inteligente, anunció que su filial Lotus Robotics ha proporcionado soluciones de conducción inteligente para el primer sedán totalmente eléctrico de Lynk&Co, el Z10. Esta colaboración marca un hito significativo en la comercialización de las capacidades tecnológicas avanzadas de Lotus Tech. El Z10 cuenta con soluciones de conducción inteligente de Lotus Robotics, que incluyen NOA en carreteras y zonas urbanas.
Lotus Robotics, establecida como parte de la estrategia Vision80 de Lotus Tech en 2018, se ha convertido en un proveedor de referencia de soluciones completas de conducción inteligente. La empresa ofrece software avanzado, cadenas de herramientas en la nube, desarrollo de hardware y software integrados, y soluciones operativas de conducción inteligente. Lotus Tech tiene como objetivo ofrecer vehículos inteligentes de lujo y tecnologías de vanguardia en los mercados globales a través de su red de más de 200 tiendas en todo el mundo.
로터스 테크놀로지 주식회사 (Nasdaq: LOT), 글로벌 지능형 고급 모빌리티 제공업체가 Lynk&Co의 첫 번째 완전 전기 세단 Z10을 위한 지능형 주행 솔루션을 제공했다고 발표했습니다. 이번 협력은 로터스 테크의 고급 기술 역량을 상업화하는 데 있어 중요한 이정표가 됩니다. Z10은 로터스 로보틱스의 지능형 주행 솔루션을 특징으로 하며, 고속도로와 도시에서의 NOA 기능이 포함되어 있습니다.
로터스 로보틱스는 2018년 로터스 테크의 Vision80 전략의 일환으로 설립되었으며, 종합적인 지능형 주행 솔루션의 주요 제공업체가 되었습니다. 이 회사는 고급 소프트웨어, 클라우드 툴체인, 통합 하드웨어 및 소프트웨어 개발, 지능형 주행 운영 솔루션을 제공합니다. 로터스 테크는 전 세계 200개 이상의 매장을 통해 고급 지능형 차량과 첨단 기술을 글로벌 시장에 제공하는 것을 목표로 하고 있습니다.
Lotus Technology Inc. (Nasdaq: LOT), un fournisseur mondial de mobilité de luxe intelligente, a annoncé que sa filiale Lotus Robotics a fourni des solutions de conduite intelligente pour la première berline entièrement électrique de Lynk&Co, la Z10. Cette collaboration marque une étape importante dans la commercialisation des capacités technologiques avancées de Lotus Tech. La Z10 est équipée des solutions de conduite intelligente de Lotus Robotics, y compris le NOA sur autoroute et en milieu urbain.
Lotus Robotics, créée dans le cadre de la stratégie Vision80 de Lotus Tech en 2018, est devenue un fournisseur de premier plan de solutions complètes de conduite intelligente. L'entreprise propose des logiciels avancés, des chaînes d'outils cloud, le développement intégré de matériel et de logiciels, ainsi que des solutions d'exploitation pour la conduite intelligente. Lotus Tech vise à offrir des véhicules intelligents de luxe et des technologies de pointe sur les marchés mondiaux grâce à son réseau de plus de 200 magasins dans le monde.
Lotus Technology Inc. (Nasdaq: LOT), ein globaler Anbieter intelligenter Luxusmobilität, hat bekannt gegeben, dass seine Tochtergesellschaft Lotus Robotics intelligente Fahrlösungen für die erste vollelektrische Limousine von Lynk&Co, das Z10, bereitgestellt hat. Diese Zusammenarbeit markiert einen bedeutenden Meilenstein bei der Kommerzialisierung der fortschrittlichen Technologiekompetenzen von Lotus Tech. Das Z10 verfügt über die intelligenten Fahrlösungen von Lotus Robotics, einschließlich NOA für Autobahnen und städtische Gebiete.
Lotus Robotics, die 2018 im Rahmen der Vision80-Strategie von Lotus Tech gegründet wurde, hat sich zu einem führenden Anbieter umfassender intelligenter Fahrlösungen entwickelt. Das Unternehmen bietet fortschrittliche Software, Cloud-Toolchains, integrierte Hardware- und Softwareentwicklung sowie Lösungen für den intelligenten Fahrbetrieb an. Lotus Tech strebt an, Luxusfahrzeuge mit Intelligenz und modernster Technologie über ein Netzwerk von mehr als 200 Geschäften weltweit anzubieten.
- Collaboration with Lynk&Co for their first all-electric sedan, demonstrating market demand for Lotus Tech's intelligent driving solutions
- Commercialization of advanced technology capabilities, potentially leading to new revenue streams
- Expansion of business portfolio with high-margin intelligent driving solutions
- Global presence with over 200 stores in prime locations worldwide
- None.
Insights
Lotus Tech's collaboration with Lynk&Co marks a significant milestone in the commercialization of advanced driving technologies. The integration of Lotus Robotics' intelligent driving solutions, including highway and urban NOA (Navigation on Autopilot), into Lynk&Co's Z10 electric sedan demonstrates the growing demand for AI-driven automotive features. This partnership could potentially accelerate Lotus Tech's market penetration and diversify its revenue streams.
The company's commitment to developing and sharing advanced technologies aligns with industry trends towards open innovation and collaboration. This strategy could position Lotus Tech as a key player in the intelligent driving ecosystem, beyond just being a vehicle manufacturer. However, investors should monitor how this impacts Lotus Tech's competitive edge in its core luxury vehicle market.
Lotus Tech's expansion into providing intelligent driving solutions represents a strategic diversification of its business model. This move into high-margin technology licensing could potentially boost profitability and create a more stable revenue stream, reducing reliance on cyclical vehicle sales. The collaboration with Lynk&Co serves as a proof of concept for Lotus Tech's technology commercialization strategy.
Investors should pay attention to the financial impact of this new business line in upcoming quarterly reports. Key metrics to watch include revenue contribution from technology licensing and its effect on overall profit margins. The success of this venture could significantly enhance Lotus Tech's valuation multiples, potentially aligning it more closely with high-growth tech companies rather than traditional automakers.
The partnership between Lotus Tech and Lynk&Co reflects the growing consumer demand for intelligent driving features in electric vehicles. This trend is particularly strong in the luxury segment, where buyers often expect cutting-edge technology. Lotus Tech's ability to secure a deal with a major brand like Lynk&Co suggests its solutions are competitive in the market.
However, the intelligent driving space is highly competitive, with tech giants and established automakers investing heavily. Lotus Tech will need to demonstrate continuous innovation to maintain its edge. The company's global sales network of over 200 stores could provide valuable market insights to inform product development. Investors should monitor Lotus Tech's market share gains in both vehicle sales and technology licensing to gauge the success of this strategy.
NEW YORK, Aug. 15, 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 provided intelligent driving solutions to Lynk&Co, a global leading automaker with operations across Europe and Asia. This collaboration marks a significant milestone in the commercialization of the Company’s advanced technology capabilities.
The Company celebrates the launch of Lynk&Co Z10, which is the first all-electric flagship sedan of the Lynk&Co brand. The model, inspired by “The Next Day” concept car, features intelligent driving solutions, including highway NOA and urban NOA, provided by Lotus Robotics. Reservations for Lynk&Co Z10 started on Aug 15, 2024.
Lotus Robotics, a subsidiary of Lotus Tech, is committed to develop advanced intelligent driving technologies to foster global industry growth. Lotus Robotics has established itself as a global premier provider of comprehensive intelligent driving solutions, including advanced intelligent driving platform software, cloud toolchains, integrated hardware and software development, and intelligent driving operation solutions.
Lotus’s research and development in intelligent driving commenced in 2018 with the commencement of the Company’s Vision80 strategy championed by Qingfeng Feng, the Company’s CEO. Lotus Tech has been dedicated to delivering luxury intelligent vehicles and cutting-edge technologies across global markets. All lifestyle (SUV and SEDAN) models are optional with best-in-class hardware that supports end-to-end intelligent driving solutions, to be delivered through our sales network of over 200 stores in prime locations around the world.
Alexious Lee, CFO of Lotus Tech, said: “It is in our DNA to drive innovation through creating new and more efficient technologies and sharing them with the broader automobile sector. We are delighted to collaborate with peers to capitalize on our commercial technology solutions and achieve a win-win scenario. Our broad range of technology offerings will strengthen our proposition for our customers, shareholders, and investors.”
As announced in September 2023, Lotus Robotics was designated to license several leading automakers to provide them with its intelligent driving technology and software. The Company expects that intelligent driving business will further diversify its business portfolio with a range of high-margin revenue streams, accelerating its rapid growth.
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.
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 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 and media inquiries
Demi Zhang
ir@group-lotus.com
FAQ
What intelligent driving solutions has Lotus Robotics provided for the Lynk&Co Z10?
When did reservations for the Lynk&Co Z10 start?
What is Lotus Technology's stock symbol on Nasdaq?
When did Lotus Tech begin its research and development in intelligent driving?
