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Lotus Technology Announces Delivery Updates of First Eleven Months of 2024

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Lotus Technology reported delivering 9,871 vehicles in the first eleven months of 2024. The company maintained strong performance in Europe, which accounted for nearly 40% of total deliveries, while China contributed approximately 25%. The company was recognized with the Green Apple Environment Award in November for its sustainable environmental practices. Lotus has established itself as a leading British luxury brand, competing with prestigious manufacturers like Bentley, Rolls Royce, Aston Martin, and McLaren.

Lotus Technology ha riportato la consegna di 9.871 veicoli nei primi undici mesi del 2024. L'azienda ha mantenuto un'ottima performance in Europa, che ha rappresentato quasi il 40% delle consegne totali, mentre la Cina ha contribuito per circa il 25%. A novembre, l'azienda è stata riconosciuta con il Green Apple Environment Award per le sue pratiche ambientali sostenibili. Lotus si è affermata come un marchio di lusso britannico di punta, competendo con produttori prestigiosi come Bentley, Rolls Royce, Aston Martin e McLaren.

Lotus Technology informó haber entregado 9,871 vehículos en los primeros once meses de 2024. La compañía mantuvo un sólido desempeño en Europa, que representó casi el 40% de las entregas totales, mientras que China contribuyó aproximadamente con el 25%. En noviembre, la empresa fue reconocida con el Green Apple Environment Award por sus prácticas ambientales sostenibles. Lotus se ha consolidado como una marca de lujo británica líder, compitiendo con fabricantes prestigiosos como Bentley, Rolls Royce, Aston Martin y McLaren.

로터스 테크놀로지는 2024년 첫 11개월 동안 9,871대의 차량을 배송했다고 보고했습니다. 이 회사는 유럽에서 강력한 성과를 유지했으며, 이는 전체 배송의 거의 40%를 차지했습니다. 중국은 약 25%를 차지했습니다. 이 회사는 11월에 지속 가능한 환경 관행으로 그린 애플 환경상을 수상했습니다. 로터스는 벤틀리, 롤스로이스, 아스턴마틴, 맥라렌과 같은 유명 제조업체와 경쟁하는 영국의 주요 럭셔리 브랜드로 자리 잡았습니다.

Lotus Technology a annoncé avoir livré 9 871 véhicules au cours des onze premiers mois de 2024. L'entreprise a maintenu une forte performance en Europe, qui a représenté près de 40 % des livraisons totales, tandis que la Chine a contribué à environ 25 %. En novembre, la société a été reconnue par le Green Apple Environment Award pour ses pratiques environnementales durables. Lotus s'est imposée comme une marque de luxe britannique de premier plan, rivalisant avec des fabricants prestigieux tels que Bentley, Rolls Royce, Aston Martin et McLaren.

Lotus Technology berichtete von der Lieferung von 9.871 Fahrzeugen in den ersten elf Monaten des Jahres 2024. Das Unternehmen zeigte eine starke Leistung in Europa, die fast 40% der Gesamtlieferungen ausmachte, während China etwa 25% beisteuerte. Im November wurde das Unternehmen mit dem Green Apple Environment Award für seine nachhaltigen Umweltpraktiken ausgezeichnet. Lotus hat sich als führende britische Luxusmarke etabliert, die mit prestigeträchtigen Herstellern wie Bentley, Rolls Royce, Aston Martin und McLaren konkurriert.

Positive
  • Strong European market presence with 40% of total deliveries
  • Successful market penetration in China with 25% of deliveries
  • Recognition for environmental practices with Green Apple Environment Award
Negative
  • None.

Insights

The delivery data reveals 9,871 vehicles delivered in the first eleven months of 2024, with Europe emerging as the dominant market at 40% of deliveries and China following at 25%. This performance positions Lotus among top British luxury brands, competing with established names like Bentley and Rolls Royce. The European market strength suggests successful brand positioning in traditional luxury segments, while China's 25% contribution indicates promising growth in a important EV market. However, the absolute delivery numbers remain relatively modest compared to mainstream luxury automakers, reflecting Lotus's niche market position and ongoing transition to electric vehicles.

NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus” or the “Company”), a leading global intelligent and luxury mobility provider, today announced its vehicle delivery results for the first eleven months of 2024.

The Company delivered 9,871 vehicles1 in the first eleven months of 2024. As a top seller British luxury brand2, Lotus continued its strong momentum in the European market, which contributed nearly 40% of total deliveries for the eleven months ended November 30, 2024. China, as a new and growing market for Lotus, contributed about 25% of the total deliveries.

In November, the Company was awarded the Green Apple Environment Award for its commitment to sustainable environmental practices.

Note 1: Invoiced deliveries, including commissioned deliveries in the US market. The vehicle delivery numbers presented above are derived from reports submitted by our business units. These numbers may differ slightly from the vehicle delivery numbers recorded in the financial accounting and reporting systems announced or to be announced by the Company. 
Note 2: Including Bentley, Rolls Royce, Aston Martin, McLaren.

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.

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 under the heading “Risk Factors” 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 inquiries
ir@group-lotus.com


FAQ

How many vehicles did Lotus Technology (LOT) deliver in the first eleven months of 2024?

Lotus Technology delivered 9,871 vehicles in the first eleven months of 2024.

What percentage of Lotus Technology's (LOT) deliveries came from Europe in 2024?

Europe contributed nearly 40% of Lotus Technology's total deliveries for the eleven months ended November 30, 2024.

What was China's contribution to Lotus Technology's (LOT) deliveries in 2024?

China contributed approximately 25% of Lotus Technology's total deliveries in the first eleven months of 2024.

What environmental award did Lotus Technology (LOT) receive in November 2024?

Lotus Technology received the Green Apple Environment Award in November 2024 for its commitment to sustainable environmental practices.

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