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Lotus Technology Announces Preliminary Delivery Results of 2024

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Lotus Technology reported its preliminary vehicle delivery results for 2024, achieving 12,065 deliveries, marking a significant year-over-year growth of over 70% - the highest growth rate among leading luxury brands. China represented approximately 25% of total global deliveries in 2024.

Looking ahead to 2025, Lotus aims to increase global deliveries by 20%, with China expected to contribute 25-28% of total deliveries. The company also announced the successful reclamation of its proprietary rights to the LOTUS roundel, LOTUS word mark, and the Chinese character of Lotus ("莲花") in China, establishing global trademark consistency.

Lotus Technology ha riportato i risultati preliminari delle consegne di veicoli per il 2024, raggiungendo 12.065 consegne, segnando una significativa crescita anno su anno di oltre il 70% - il tasso di crescita più elevato tra i principali marchi di lusso. La Cina ha rappresentato circa il 25% delle consegne globali totali nel 2024.

Guardando al 2025, Lotus mira ad aumentare le consegne globali del 20%, con la Cina che dovrebbe contribuire con un 25-28% delle consegne totali. L'azienda ha anche annunciato il recupero con successo dei diritti proprietari sul simbolo LOTUS, il marchio LOTUS e il carattere cinese di Lotus ('莲花') in Cina, stabilendo una coerenza globale nel marchio.

Lotus Technology informó sus resultados preliminares de entrega de vehículos para 2024, logrando 12,065 entregas, marcando un crecimiento significativo de más del 70% en comparación con el año anterior, la tasa de crecimiento más alta entre las principales marcas de lujo. China representó aproximadamente el 25% del total de entregas globales en 2024.

De cara a 2025, Lotus tiene como objetivo aumentar las entregas globales en un 20%, con China esperándose que contribuya con un 25-28% del total de entregas. La compañía también anunció la recuperación exitosa de sus derechos de propiedad sobre el emblema LOTUS, la marca de palabras LOTUS y el carácter chino de Lotus ('莲花') en China, estableciendo una consistencia global en la marca.

로터스 테크놀로지는 2024년 차량 인도 결과를 발표하며 12,065대의 인도를 달성했다고 보고했습니다. 이는 지난해 대비 70% 이상의 상당한 성장을 기록한 것으로, 주요 럭셔리 브랜드 중에서 가장 높은 성장률입니다. 중국은 2024년 총 글로벌 인도의 약 25%를 차지했습니다.

2025년을 바라보며, 로터스는 글로벌 인도를 20% 증가시키는 것을 목표로 하고 있으며, 중국이 총 인도의 25-28%를 기여할 것으로 예상하고 있습니다. 회사는 또한 LOTUS 엠블럼, LOTUS 워드 마크, 그리고 중국어로 로터스를 의미하는 문자 ('莲花')에 대한 독점권을 성공적으로 회복했다고 발표하며, 글로벌 상표 일관성을 확립했습니다.

Lotus Technology a annoncé ses résultats préliminaires de livraison de véhicules pour 2024, atteignant 12 065 livraisons, marquant une croissance significative d'année en année de plus de 70% - le taux de croissance le plus élevé parmi les grandes marques de luxe. La Chine représentait environ 25% des livraisons mondiales totales en 2024.

En prévision de 2025, Lotus vise à augmenter les livraisons mondiales de 20%, la Chine devant apporter une contribution de 25-28% aux livraisons totales. L'entreprise a également annoncé la récupération réussie de ses droits de propriété sur le logo LOTUS, la marque LOTUS et le caractère chinois de Lotus ('莲花') en Chine, établissant ainsi une cohérence mondiale de marque.

Lotus Technology berichtete über die vorläufigen Ergebnisse der Fahrzeuglieferungen für 2024 und erreichte 12.065 Lieferungen, was ein bedeutendes Jahreswachstum von über 70% markiert - die höchste Wachstumsrate unter den führenden Luxusmarken. China machte etwa 25% der globalen Gesamtlieferungen im Jahr 2024 aus.

Für 2025 hat Lotus das Ziel, die globalen Lieferungen um 20% zu erhöhen, wobei China voraussichtlich 25-28% der Gesamtlieferungen beitragen wird. Das Unternehmen gab außerdem die erfolgreiche Rückgewinnung seiner Markenrechte am LOTUS-Emblem, am LOTUS-Wortmarke und am chinesischen Zeichen für Lotus ('莲花') in China bekannt, um eine globale Markenkonsistenz zu etablieren.

Positive
  • 70% year-over-year growth in vehicle deliveries, leading luxury brands
  • Achieved 12,065 vehicle deliveries in 2024
  • Successful reclamation of trademark rights in China
  • Projected 20% delivery growth target for 2025
Negative
  • China market contribution remains relatively low at 25% of total deliveries

Insights

Lotus's delivery growth of 70% in 2024 positions it as the fastest-growing luxury automotive brand, outpacing traditional competitors like Ferrari and Porsche. The 12,065 vehicles delivered demonstrates strong market penetration, with China accounting for 25% of global sales - a strategic foothold in the world's largest EV market.

The 2025 target of 20% growth with increased China contribution of 25-28% suggests a calculated expansion strategy. The successful trademark consolidation in China removes operational barriers and strengthens brand protection in a critical market. While the absolute delivery numbers are modest compared to mainstream luxury brands, the growth rate indicates successful market positioning in the premium EV segment.

The commissioned deliveries note for the US market implies a dealer-based distribution strategy, which could impact margins but accelerates market penetration. This hybrid approach balances rapid expansion with sustainable growth.

The delivery metrics reveal robust operational execution with volume growth significantly exceeding industry averages. Assuming an average selling price of $150,000 per vehicle, the 12,065 deliveries translate to approximately $1.8 billion in potential revenue, marking substantial commercial progress for a company with a $2.25 billion market cap.

The geographical distribution shows strategic diversification, with China's 25% contribution indicating balanced market exposure. The projected 20% growth target for 2025 suggests confidence in supply chain stability and demand sustainability. The trademark consolidation in China eliminates potential licensing costs and strengthens the company's intellectual property portfolio, potentially improving margins.

The commissioned delivery model in the US indicates a capital-light expansion strategy, though this may impact near-term profitability as dealer margins need to be factored into the business model.

NEW YORK, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus” or the “Company”), a leading global intelligent and luxury mobility provider, today announced its preliminary vehicle delivery results for the full year of 2024.

Lotus delivered 12,065 vehicles1 in 2024, representing a year-on-year increase of over 70% and boasting the top growth rate among leading luxury brands2. China contributed approximately 25% of the total global deliveries in 2024.

In 2025, the Company aims to increase global deliveries by 20% with a 25-28% contribution from China. Lotus also successfully reclaimed the proprietary rights of the LOTUS roundel, LOTUS word mark and the Chinese character of Lotus ("莲花") in China, achieving consistency in terms of its trademark across the world.

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 Ferrari, Porsche, Aston Martin, Bentley, Rolls Royce, 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 2024?

Lotus Technology delivered 12,065 vehicles in 2024.

What was Lotus Technology's (LOT) delivery growth rate in 2024?

Lotus Technology achieved a year-over-year delivery growth rate of over 70% in 2024, the highest among leading luxury brands.

What is Lotus Technology's (LOT) delivery growth target for 2025?

Lotus Technology aims to increase global deliveries by 20% in 2025.

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

China contributed approximately 25% of Lotus Technology's total global deliveries in 2024.

What trademark rights did Lotus Technology (LOT) reclaim in China?

Lotus Technology reclaimed the proprietary rights to the LOTUS roundel, LOTUS word mark, and the Chinese character of Lotus ("莲花") in China.

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