Lotus Tech Unveils Breakthrough in Intelligent Driving Services, Setting New Standards in Luxury Automotive Technology
Lotus Technology Inc. (Nasdaq: LOT) has announced a major breakthrough in its intelligent driving services, setting new standards in luxury automotive technology. The company's user app data reveals impressive achievements:
- A single intelligent driving session reached 533 kilometers without intervention
- Highest recorded single-user monthly intelligent driving mileage: 3,427 kilometers
- Total cumulative intelligent driving mileage for a single user: 36,342 kilometers
Lotus Robotics, a subsidiary of Lotus Tech, provides end-to-end intelligent driving services for Lotus Eletre (SUV) and Emeya (GT, Sedan) models. The company is expanding its global presence and has already provided intelligent driving solutions to multiple automakers. Lotus Tech expects this advancement to unlock new, high-margin revenue streams, contributing to long-term profitability.
Lotus Technology Inc. (Nasdaq: LOT) ha annunciato una grande innovazione nei suoi servizi di guida intelligente, stabilendo nuovi standard nella tecnologia automobilistica di lusso. I dati dell'app utente dell'azienda rivelano risultati impressionanti:
- Una singola sessione di guida intelligente ha raggiunto 533 chilometri senza intervento
- Massimo chilometraggio mensile registrato per un singolo utente: 3.427 chilometri
- Kilometraggio totale cumulativo di guida intelligente per un singolo utente: 36.342 chilometri
Lotus Robotics, una sussidiaria di Lotus Tech, fornisce servizi di guida intelligente end-to-end per i modelli Lotus Eletre (SUV) e Emeya (GT, Sedan). L'azienda sta espandendo la sua presenza globale e ha già fornito soluzioni di guida intelligente a diversi produttori di automobili. Lotus Tech si aspetta che questo progresso sblocchi nuove fonti di entrate ad alto margine, contribuendo alla redditività a lungo termine.
Lotus Technology Inc. (Nasdaq: LOT) ha anunciado un gran avance en sus servicios de conducción inteligente, estableciendo nuevos estándares en la tecnología automotriz de lujo. Los datos de la aplicación del usuario de la compañía revelan logros impresionantes:
- Una sola sesión de conducción inteligente alcanzó 533 kilómetros sin intervención
- El mayor kilometraje mensual registrado para un solo usuario de conducción inteligente: 3,427 kilómetros
- Kilometraje total acumulado de conducción inteligente para un solo usuario: 36,342 kilómetros
Lotus Robotics, una subsidiaria de Lotus Tech, proporciona servicios de conducción inteligente de principio a fin para los modelos Lotus Eletre (SUV) y Emeya (GT, Sedan). La empresa está ampliando su presencia global y ya ha proporcionado soluciones de conducción inteligente a varios fabricantes de automóviles. Lotus Tech espera que este avance desbloquee nuevas fuentes de ingresos de alto margen, contribuyendo a la rentabilidad a largo plazo.
로터스 테크놀로지 Inc. (Nasdaq: LOT)는 지능형 주행 서비스에서 주요 혁신을 발표하며 럭셔리 자동차 기술의 새로운 기준을 세웠습니다. 회사의 사용자 앱 데이터는 인상적인 성과를 보여줍니다:
- 단일 지능형 주행 세션이 개입 없이 533킬로미터에 도달했습니다
- 단일 사용자 월 최대 지능형 주행 거리: 3,427킬로미터
- 단일 사용자의 총 누적 지능형 주행 거리: 36,342킬로미터
로터스 로보틱스는 로터스 테크의 자회사로, 로터스 엘레트르(SUV) 및 에메야(GT, 세단) 모델에 대한 엔드투엔드 지능형 주행 서비스를 제공합니다. 회사는 글로벌 입지를 확장하고 있으며 이미 여러 자동차 제조업체에 지능형 주행 솔루션을 제공했습니다. 로터스 테크는 이번 발전이 새로운 고부가가치 수익원을 개척하여 장기적인 수익성에 기여할 것으로 기대하고 있습니다.
Lotus Technology Inc. (Nasdaq: LOT) a annoncé une avancée majeure dans ses services de conduite intelligente, établissant de nouvelles normes dans la technologie automobile de luxe. Les données de l'application utilisateur de l'entreprise révèlent des réalisations impressionnantes :
- Une seule session de conduite intelligente a atteint 533 kilomètres sans intervention
- Le kilométrage mensuel le plus élevé enregistré pour un utilisateur unique : 3 427 kilomètres
- Kilométrage total cumulatif de conduite intelligente pour un utilisateur unique : 36 342 kilomètres
Lotus Robotics, une filiale de Lotus Tech, fournit des services de conduite intelligente de bout en bout pour les modèles Lotus Eletre (SUV) et Emeya (GT, berline). L'entreprise élargit sa présence mondiale et a déjà fourni des solutions de conduite intelligente à plusieurs fabricants automobiles. Lotus Tech s'attend à ce que cette avancée débloque de nouvelles sources de revenus à forte marge, contribuant à la rentabilité à long terme.
Lotus Technology Inc. (Nasdaq: LOT) hat einen bedeutenden Durchbruch in seinen intelligenten Fahrdiensten bekannt gegeben und neue Standards in der Luxusautomobiltechnologie gesetzt. Die Benutzerdaten der App des Unternehmens zeigen beeindruckende Erfolge:
- Eine einzige intelligente Fahr-Session erreichte 533 Kilometer ohne Eingriff
- Höchster aufgezeichneter Monatkilometerstand für einen einzelnen Benutzer: 3.427 Kilometer
- Gesamt kumulative intelligente Fahrstrecke für einen einzelnen Benutzer: 36.342 Kilometer
Lotus Robotics, eine Tochtergesellschaft von Lotus Tech, bietet End-to-End intelligente Fahrdienste für die Modelle Lotus Eletre (SUV) und Emeya (GT, Limousine) an. Das Unternehmen erweitert seine globale Präsenz und hat bereits intelligent fahrende Lösungen für mehrere Automobilhersteller bereitgestellt. Lotus Tech erwartet, dass dieser Fortschritt neue, margenstarke Einnahmequellen erschließen wird, was zur langfristigen Rentabilität beiträgt.
- Achieved 533 km single intelligent driving session without intervention
- Highest single-user monthly intelligent driving mileage reached 3,427 km
- Total cumulative intelligent driving mileage for a single user hit 36,342 km
- Expanding global presence in key regions worldwide
- Providing intelligent driving solutions to multiple global automakers
- Technology-related revenue began to scale in H1 2024
- Expects new high-margin revenue streams from intelligent driving services
- None.
Insights
Lotus Tech's breakthrough in intelligent driving services represents a significant leap forward in autonomous vehicle technology. The 533 km single session without intervention is particularly impressive, approaching the vehicle's maximum range on a single charge. This level of performance suggests highly advanced AI and sensor integration, potentially positioning Lotus at the forefront of self-driving technology.
The user engagement metrics, with a single user logging 3,427 km in a month and 36,342 km cumulatively, indicate strong consumer trust and satisfaction with the system. This adoption rate could accelerate the mainstream acceptance of autonomous driving technology.
Lotus Robotics' ability to offer a globally scalable intelligent driving solution is a significant competitive advantage. As the automotive industry shifts towards autonomous capabilities, Lotus is well-positioned to capitalize on this trend, both through its own vehicles and by licensing its technology to other manufacturers.
Lotus Tech's advancements in intelligent driving technology present significant financial implications. The company's ability to provide these services to other automakers like Lynk&Co and Farizon Auto opens up new revenue streams beyond traditional vehicle sales. This diversification could lead to higher margins and more stable income.
The technology-related revenue mentioned in the H1 2024 earnings release is likely to see substantial growth with these developments. As autonomous driving becomes more prevalent, Lotus Tech's early mover advantage could translate into a dominant market position and increased licensing opportunities.
Investors should note the potential for exponential growth in this sector. However, it's important to monitor regulatory developments and competition in the autonomous driving space, as these factors could impact Lotus Tech's market share and profitability in the long term.
NEW YORK, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (Nasdaq: LOT), a leading global intelligent luxury mobility provider, is proud to announce a major breakthrough in its intelligent driving services, marking a revolutionary step forward in the automotive industry. This advancement reflects Lotus Tech’s unwavering dedication to integrating cutting-edge technology into its world-renowned luxury vehicles, redefining the driving experience for its customers.
Recent performance data from the Company’s exclusive user app highlights that Lotus Tech has achieved a remarkable milestone: a single intelligent driving session for a user reaching up to 533 kilometers1 without any intervention, which is nearly the maximum range for single charging. This underscores the Company's leadership in delivering exceptional performance and reliability through its advanced intelligent driving systems.
Beyond these impressive figures, users are showcasing deep engagement with the brand’s intelligent driving features. Data from Lotus Tech’s user app also reveals that individual customers are logging substantial intelligent driving mileage. The highest recorded single-user monthly intelligent driving mileage has reached 3,427 kilometers1, with total cumulative intelligent driving mileage for a single user hitting an extraordinary 36,342 kilometers1.
Every Lotus Eletre (SUV) and Emeya (GT, Sedan) is optionally equipped with state-of-the-art hardware to support its end-to-end intelligent driving services provided by Lotus Robotics, a subsidiary of Lotus Tech. With these models entering key regions worldwide such as Europe, GCC, North Asia, Southeast Asia and so on, Lotus Robotics stands as one of the few automotive companies capable of offering a globally scalable intelligent driving solution, cementing its place as a global leader in intelligent automotive technology. As previously announced, Lotus Robotics has provided intelligent driving solutions to multiple global automakers including Lynk&Co and Farizon Auto.
“The milestone reflects our relentless pursuit of excellence and innovation at Lotus Tech,” said Qingfeng Feng, CEO at Lotus Tech. “As we continue to push the boundaries of automotive technology, our intelligent driving services will revolutionize the way our customers experience luxury performance, while expanding our global leadership in the space.”
As announced in the first half 2024 earnings release, the Company’s technology-related revenue began to scale as Lotus Tech started to provide intelligent driving solutions and R&D services to multiple leading automotive brands. Lotus Tech expects this advancement in intelligent driving services to unlock new, high-margin revenue streams, further contributing to the Company’s long-term profitability.
1 Note: The latest data from Lotus user app as of Sep 22, 2024.
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 is Lotus Technology's stock symbol on Nasdaq?
What was the longest single intelligent driving session achieved by Lotus Tech?
Which Lotus models are equipped with intelligent driving services?
Who provides the intelligent driving solutions for Lotus vehicles?
How does Lotus Tech expect this breakthrough to impact its revenue?
