Lotus Technology Announces Delivery Updates of First Nine Months of 2024
Lotus Technology Inc. reported strong vehicle delivery results for the first nine months of 2024, with 7,543 vehicles delivered, marking a 134% year-on-year increase. The company's global allocation remained well-distributed, with Europe, China, North America, and other regions each contributing 20-35% of total deliveries.
In Q3 2024, Lotus expanded its market reach, delivering the Emeya (GT, Sedan) to Europe and the Eletre (SUV) to GCC, Japan, and Korea. The company also introduced the Eletre Carbon, a high-performance variant for North America, priced at $229,900, with deliveries expected to start in H1 2025.
Lotus commenced deliveries of bespoke and collection versions of both Eletre and Emeya in Q3. Additionally, the company unveiled its Theory 1 concept car in September, showcasing cutting-edge technology and eco-friendly features.
Lotus Technology Inc. ha riportato risultati solidi per le consegne di veicoli nei primi nove mesi del 2024, con 7.543 veicoli consegnati, che rappresentano un aumento del 134% rispetto all’anno precedente. L’allocazione globale dell’azienda è rimasta ben distribuita, con Europa, Cina, Nord America e altre regioni che hanno contribuito ciascuna per il 20-35% del totale delle consegne.
Nel terzo trimestre del 2024, Lotus ha ampliato la propria portata sul mercato, consegnando l’Emeya (GT, Sedan) in Europa e l’Eletre (SUV) nel GCC, in Giappone e in Corea. L’azienda ha anche introdotto l’Eletre Carbon, una variante ad alte prestazioni per il Nord America, con un prezzo di $229,900, con consegne previste per il primo semestre del 2025.
Lotus ha avviato le consegne delle versioni su misura e delle collezioni di entrambi gli Eletre ed Emeya nel terzo trimestre. Inoltre, l'azienda ha svelato la sua auto concept Theory 1 a settembre, mostrando tecnologie all'avanguardia e caratteristiche ecologiche.
Lotus Technology Inc. reportó resultados sólidos en la entrega de vehículos para los primeros nueve meses de 2024, con 7,543 vehículos entregados, marcando un aumento del 134% interanual. La asignación global de la empresa se mantuvo bien distribuida, con Europa, China, América del Norte y otras regiones contribuyendo cada una con el 20-35% del total de entregas.
En el tercer trimestre de 2024, Lotus amplió su alcance en el mercado, entregando el Emeya (GT, Sedan) a Europa y el Eletre (SUV) al GCC, Japón y Corea. La empresa también presentó el Eletre Carbon, una variante de alto rendimiento para América del Norte, con un precio de $229,900, y se espera que las entregas comiencen en el primer semestre de 2025.
Lotus inició las entregas de versiones personalizadas y de colección de ambos, Eletre y Emeya, en el tercer trimestre. Además, la empresa presentó su auto concepto Theory 1 en septiembre, mostrando tecnología de vanguardia y características eco-amigables.
로터스 기술 주식회사는 2024년 첫 9개월 동안 7,543대의 차량을 전달하여 전년 대비 134% 증가한 강력한 차량 배송 결과를 보고했습니다. 이 회사의 글로벌 할당량은 유럽, 중국, 북미 및 기타 지역이 총 배송량의 20-35%를 기여하면서 잘 분배되었습니다.
2024년 3분기, 로터스는 시장 범위를 확장하여 Emeya(GT, 세단) 유럽에 배송하고 Eletre(SUV)를 GCC, 일본, 한국에 배송했습니다. 이 회사는 북미를 위한 고성능 변형 Eletre Carbon도 도입했으며, 가격은 $229,900로 2025년 상반기부터 배송될 예정입니다.
로터스는 3분기에 Eletre와 Emeya의 맞춤형 및 수집 버전의 배송을 시작했습니다. 또한, 이 회사는 9월에 최신 기술과 친환경 기능을 선보인 Theory 1 컨셉카를 공개했습니다.
Lotus Technology Inc. a rapporté de solides résultats de livraison de véhicules pour les neuf premiers mois de 2024, avec 7 543 véhicules livrés, marquant une augmentation de 134 % par rapport à l'année précédente. La répartition mondiale de l’entreprise est restée bien équilibrée, l'Europe, la Chine, l'Amérique du Nord et d'autres régions contribuant chacune à 20-35 % des livraisons totales.
Au T3 2024, Lotus a élargi sa portée sur le marché, livrant l'Emeya (GT, Sedan) en Europe et l'Eletre (SUV) au GCC, au Japon et en Corée. L'entreprise a également présenté l'Eletre Carbon, une variante haute performance pour l'Amérique du Nord, au prix de 229 900 $, avec des livraisons prévues pour le 1er semestre 2025.
Lotus a commencé les livraisons de versions sur mesure et de collection des Eletre et Emeya au T3. De plus, l'entreprise a dévoilé son concept de voiture Theory 1 en septembre, mettant en avant des technologies de pointe et des caractéristiques respectueuses de l'environnement.
Lotus Technology Inc. berichtete über starke Fahrzeuglieferungen in den ersten neun Monaten des Jahres 2024, mit 7.543 ausgelieferten Fahrzeugen, was einen 134% Anstieg im Jahresvergleich darstellt. Die weltweite Zuteilung des Unternehmens blieb gut verteilt, wobei Europa, China, Nordamerika und andere Regionen jeweils 20-35% der Gesamtlieferungen beitrugen.
Im 3. Quartal 2024 erweiterte Lotus seine Reichweite auf dem Markt, indem das Emeya (GT, Sedan) nach Europa ausgeliefert und das Eletre (SUV) an den GCC, Japan und Korea ausgeliefert wurde. Das Unternehmen führte auch das Eletre Carbon ein, eine Hochleistungsvariante für Nordamerika, die mit $229,900 zu einem Preis angeboten wird, mit Lieferungen, die voraussichtlich im 1. Halbjahr 2025 beginnen.
Lotus begann im 3. Quartal mit der Auslieferung maßgeschneiderter und sammelbarer Versionen von sowohl Eletre als auch Emeya. Darüber hinaus stellte das Unternehmen im September sein Theory 1 Konzeptfahrzeug vor, das modernste Technologie und umweltfreundliche Funktionen präsentiert.
- 134% year-on-year increase in vehicle deliveries for the first nine months of 2024
- Well-distributed global allocation of deliveries across Europe, China, North America, and other regions
- Expansion into new markets with Emeya and Eletre models
- Introduction of high-performance Eletre Carbon variant for North America market
- Commencement of bespoke and collection version deliveries for Eletre and Emeya
- None.
Insights
Lotus Technology's delivery update for the first nine months of 2024 shows impressive growth, with 7,543 vehicles delivered, representing a
The global distribution of deliveries is well-balanced, with each major region (Europe, China, North America and Rest of World) contributing 20-35% of total deliveries. This diversification reduces regional market risks and demonstrates the brand's global appeal.
The introduction of new models like the Emeya in Europe and the Eletre in GCC, Japan and Korea expands Lotus's product portfolio and market reach. The announcement of the high-performance Eletre Carbon for North America, priced at
While the delivery numbers are impressive, investors should note that these figures are based on invoiced deliveries, including commissioned deliveries in the US market, which may differ slightly from financial accounting figures. The planned 2025 delivery of Eletre Carbon and the unveiling of the Theory 1 concept car suggest a strong product pipeline, which is important for maintaining growth momentum in the competitive luxury EV market.
NEW YORK, Oct. 17, 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 nine months of 2024.
Lotus continues to achieve top-rate growth among traditional luxury car brands, delivering 7,543 vehicles1 in the first nine months of 2024, representing a year-on-year increase of
In September, Lotus revealed Eletre Carbon, a high-performance variant tailored for the North America market with a starting price of
In September, Lotus unveiled its visionary Theory 1 concept car, a groundbreaking model that redefines the future of driving with its cutting edge technology, bold design, and eco-friendly features.
Note 1: Invoiced deliveries, including commissioned deliveries in 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 to be announced by the Company.
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.
Non-GAAP Financial Measures
The Company uses non-GAAP financial measures, including adjusted net loss and adjusted EBITDA in evaluating its operating results and for financial and operational decision-making purposes. Adjusted net loss represents net loss excluding share-based compensation expenses, and such adjustment has no impact on income tax. Lotus Tech defines adjusted EBITDA as net loss excluding interest income, interest expense, income tax expenses, depreciation of property, equipment and software, and share-based compensation expenses. The Company believes that non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. The Company also believes that non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.
Non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. Non-GAAP financial measures have limitations as analytical tools and when assessing the Company’s operating performance, investors should not consider them in isolation, or as a substitute for financial information prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The Company mitigates these limitations by reconciling non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance. For more information on non-GAAP financial measures, please see "Appendix C – Unaudited Reconciliation of GAAP and Non-GAAP Results (Adjusted net loss/Adjusted EBITDA)" set forth at the end of this press release.
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
Demi Zhang
ir@group-lotus.com
FAQ
How many vehicles did Lotus Technology deliver in the first nine months of 2024?
What is the starting price of the Lotus Eletre Carbon for the North America market?
When are deliveries of the Lotus Eletre Carbon expected to begin?
Which new markets did Lotus expand into with its Eletre SUV in Q3 2024?
What concept car did Lotus unveil in September 2024?
