Lotus Robotics Provides Intelligent Driving Solutions for New Energy Trucks and Vans
Lotus Technology Inc. (Nasdaq: LOT) has announced that its intelligent driving arm, Lotus Robotics, is providing end-to-end intelligent driving solutions to Farizon Auto, a global leader in new energy commercial vehicles. This collaboration marks a significant expansion of Lotus Tech's business through technology. Lotus Robotics offers a comprehensive suite of advanced intelligent driving solutions, including ADAS, highway NOA, urban NOA, and intelligent driving toolchains.
The partnership aims to enhance driving safety and efficiency for Farizon's clean energy commercial vehicles. Lotus Robotics, established in 2018, has become a global premier provider of intelligent driving solutions. This collaboration is expected to diversify Lotus Tech's business portfolio with high-margin revenue streams, accelerating its growth in the intelligent luxury mobility sector.
Lotus Technology Inc. (Nasdaq: LOT) ha annunciato che il suo braccio di guida intelligente, Lotus Robotics, fornisce soluzioni di guida intelligente end-to-end a Farizon Auto, un leader globale nei veicoli commerciali a nuova energia. Questa collaborazione segna una significativa espansione del business di Lotus Tech attraverso la tecnologia. Lotus Robotics offre una suite completa di soluzioni avanzate di guida intelligente, tra cui ADAS, NOA in autostrada, NOA urbano e toolchain di guida intelligente.
Il partenariato mira a migliorare la sicurezza e l'efficienza di guida per i veicoli commerciali a energia pulita di Farizon. Lotus Robotics, fondata nel 2018, è diventata un fornitore globale di riferimento per soluzioni di guida intelligente. Si prevede che questa collaborazione diversifichi il portfolio aziendale di Lotus Tech con flussi di entrate ad alta marginabilità, accelerando la sua crescita nel settore della mobilità di lusso intelligente.
Lotus Technology Inc. (Nasdaq: LOT) ha anunciado que su rama de conducción inteligente, Lotus Robotics, está proporcionando soluciones de conducción inteligente de extremo a extremo a Farizon Auto, un líder global en vehículos comerciales de nueva energía. Esta colaboración marca una expansión significativa del negocio de Lotus Tech a través de la tecnología. Lotus Robotics ofrece un conjunto completo de soluciones avanzadas de conducción inteligente, que incluye ADAS, NOA en carreteras, NOA urbano y cadenas de herramientas de conducción inteligente.
El objetivo de la asociación es mejorar la seguridad y la eficiencia de conducción para los vehículos comerciales de energía limpia de Farizon. Lotus Robotics, establecida en 2018, se ha convertido en un proveedor líder global de soluciones de conducción inteligente. Se espera que esta colaboración diversifique el portafolio empresarial de Lotus Tech con flujos de ingresos de alta rentabilidad, acelerando su crecimiento en el sector de la movilidad de lujo inteligente.
로터스 테크놀로지 주식회사 (Nasdaq: LOT)가 지능형 운전 부문인 로터스 로보틱스가 새로운 에너지 상업 차량의 글로벌 리더인 파리존 오토에 종합 지능형 운전 솔루션을 제공한다고 발표했습니다. 이번 협업은 기술을 통해 로터스 테크의 비즈니스를 중요한 방향으로 확장하는 것을 의미합니다. 로터스 로보틱스는 ADAS, 고속도로 NOA, 도시 NOA, 지능형 운전 도구 체인을 포함한 종합적인 고급 지능형 운전 솔루션을 제공합니다.
이번 파트너십의 목표는 파리존의 청정 에너지 상업 차량의 운전 안전성과 효율성을 향상시키는 것입니다. 2018년에 설립된 로터스 로보틱스는 지능형 운전 솔루션의 글로벌 선도 제공업체로 자리 잡았습니다. 이 협업은 로터스 테크의 비즈니스 포트폴리오를 고수익 수익원으로 다각화하여 스마트 럭셔리 모빌리티 분야의 성장을 가속화할 것으로 기대됩니다.
Lotus Technology Inc. (Nasdaq: LOT) a annoncé que son bras de conduite intelligente, Lotus Robotics, fournit des solutions de conduite intelligente de bout en bout à Farizon Auto, un leader mondial des véhicules commerciaux à nouvelle énergie. Cette collaboration représente une expansion significative des activités de Lotus Tech grâce à la technologie. Lotus Robotics propose une suite complète de solutions avancées de conduite intelligente, y compris ADAS, NOA sur autoroute, NOA urbain et chaînes d'outils de conduite intelligente.
Le partenariat vise à améliorer la sécurité et l'efficacité de conduite pour les véhicules commerciaux à énergie propre de Farizon. Lotus Robotics, fondée en 2018, est devenue un fournisseur mondial de premier plan de solutions de conduite intelligente. Cette collaboration devrait diversifier le portefeuille commercial de Lotus Tech avec des flux de revenus à forte marge, en accélérant sa croissance dans le secteur de la mobilité de luxe intelligente.
Lotus Technology Inc. (Nasdaq: LOT) hat bekannt gegeben, dass ihre intelligente Fahrabteilung, Lotus Robotics, umfassende intelligente Fahrlösungen für Farizon Auto, einen globalen Marktführer im Bereich der neuen Energie-Nutzfahrzeuge, bereitstellt. Diese Zusammenarbeit stellt eine bedeutende Erweiterung des Geschäfts von Lotus Tech durch Technologie dar. Lotus Robotics bietet ein umfassendes Paket fortschrittlicher intelligenter Fahrlösungen, einschließlich ADAS, Autobahn NOA, städtisches NOA und intelligente Fahrwerkzeuge.
Das Ziel der Partnerschaft ist es, die Fahrzeugsicherheit und -effizienz für die sauberen Energienutzfahrzeuge von Farizon zu verbessern. Lotus Robotics, gegründet im Jahr 2018, hat sich zu einem globalen Premieranbieter intelligenter Fahrlösungen entwickelt. Diese Zusammenarbeit wird voraussichtlich das Geschäftsportfolio von Lotus Tech mit hochprofitablen Einnahmequellen diversifizieren und das Wachstum im Bereich intelligente Luxusmobilität beschleunigen.
- Strategic collaboration with Farizon Auto expands Lotus Tech's business reach
- Comprehensive suite of advanced intelligent driving solutions offered
- Potential for high-margin revenue streams from intelligent driving business
- Global sales network of over 200 stores for Lotus lifestyle models
- None.
Insights
Lotus Tech's expansion into intelligent driving solutions for commercial vehicles marks a strategic pivot that could significantly impact its revenue streams. The collaboration with Farizon Auto opens doors to the lucrative commercial EV market, which is projected to grow rapidly due to increasing demand for sustainable logistics solutions. This move diversifies Lotus Tech's portfolio beyond luxury consumer vehicles, potentially reducing risk and enhancing long-term stability.
However, investors should note that entering the commercial sector brings new challenges, including different regulatory landscapes and competition from established players. The success of this venture will largely depend on Lotus Robotics' ability to adapt its technology to the unique needs of commercial vehicles and scale effectively. While promising, it's too early to determine the financial impact, making this a cautiously positive development for Lotus Tech's future prospects.
Lotus Robotics' end-to-end intelligent driving solutions represent a significant technological leap for commercial vehicles. The integration of ADAS, highway NOA and urban NOA demonstrates a comprehensive approach to autonomous driving. The customized hardware and software for proactive adaptive cruise control and enhanced gear control are particularly noteworthy, as they address specific challenges in commercial vehicle operation.
The mention of cloud toolchains suggests a scalable, updateable system that could provide a competitive edge. However, the real test will be in the real-world performance and reliability of these systems in diverse commercial settings. The success of this technology could position Lotus Tech as a key player in the autonomous commercial vehicle space, but it will face stiff competition from both established automotive suppliers and tech giants entering the market.
NEW YORK, Aug. 20, 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 end-to-end intelligent driving solutions to Farizon Auto, a global leading automaker in new energy commercial vehicle sector. This strategic collaboration marks a significant milestone as the Company further expand its business outreach through technologies.
Farizon is dedicated to developing and producing clean, new energy commercial vehicles including heavy duty trucks, light duty vans, and commercial buses for interstate logistic and intracity dispatch, globally. Lotus Robotics provides a comprehensive suite of advanced intelligent driving solutions, including ADAS, highway NOA, urban NOA and intelligent driving toolchains. Dedicated to ensure driving safety, Lotus Robotics customized the solutions with both hardware and software that provide proactive adaptive cruise control to optimize speed and enhance gear control.
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.
Research and development of intelligent driving commenced in 2018 as part 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. Lotus lifestyle (SUV and SEDAN) models are optional with best-in-class hardware that supports end-to-end intelligent driving solutions, which will be delivered through our sales network of over 200 stores in prime locations around the world.
“The collaboration highlights the recognition of our technological achievements and marks a significant step forward to expand into broader market opportunities,” said Alexious Lee, CFO of Lotus Tech. “Our global footprint further enhances our ability to serve international markets, including but not limited to automakers, transportation conglomerate, and fleet delivery companies. We are delighted to collaborate with our peers, helping global mobility sector improve efficiency while reducing operational risks and costs, through technologies.”
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
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