Total Contract Value of Lotus Technology’s Intelligent Driving Solutions Nearing US$130 Million
Lotus Technology (Nasdaq: LOT) announced that its subsidiary, Lotus Robotics, has secured contracts worth approximately US$130 million for its intelligent driving solutions. The company has partnered with leading auto conglomerates across Europe, Japan, and other markets, with over 40% of the total contract value coming from Europe and Rest of the World. Nearly 10 different vehicle models are expected to incorporate Lotus Robotics' driving solutions in the next 2-3 years. The contracts demonstrate global market recognition of Lotus's self-owned technologies and represent a significant driver for the company's long-term growth.
Lotus Technology (Nasdaq: LOT) ha annunciato che la sua filiale, Lotus Robotics, si è assicurata contratti per un valore di circa 130 milioni di dollari USA per le sue soluzioni di guida intelligente. L'azienda ha collaborato con importanti conglomerati automobilistici in Europa, Giappone e altri mercati, con oltre il 40% del valore totale dei contratti proveniente dall'Europa e dal resto del mondo. Si prevede che quasi 10 diversi modelli di veicoli integreranno le soluzioni di guida di Lotus Robotics nei prossimi 2-3 anni. I contratti dimostrano il riconoscimento globale delle tecnologie di proprietà di Lotus e rappresentano un motore significativo per la crescita a lungo termine dell'azienda.
Lotus Technology (Nasdaq: LOT) anunció que su filial, Lotus Robotics, ha asegurado contratos por un valor aproximado de 130 millones de dólares estadounidenses para sus soluciones de conducción inteligente. La empresa se ha asociado con importantes conglomerados automotrices en Europa, Japón y otros mercados, con más del 40% del valor total del contrato proveniente de Europa y el resto del mundo. Se espera que casi 10 modelos de vehículos diferentes incorporen las soluciones de conducción de Lotus Robotics en los próximos 2-3 años. Los contratos demuestran el reconocimiento global de las tecnologías de propiedad de Lotus y representan un motor importante para el crecimiento a largo plazo de la empresa.
Lotus Technology (Nasdaq: LOT)는 그 자회사인 Lotus Robotics가 지능형 주행 솔루션을 위해 약 1억 3천만 달러 규모의 계약을 체결했다고 발표했습니다. 이 회사는 유럽, 일본 등 여러 시장에서 주요 자동차 대기업들과 협력하였으며, 총 계약의 40% 이상이 유럽과 나머지 세계에서 발생했습니다. 앞으로 2-3년 내에 거의 10개 차량 모델이 Lotus Robotics의 주행 솔루션을 통합할 것으로 예상됩니다. 이 계약은 Lotus의 자사 기술에 대한 글로벌 시장 인정을 나타내며, 회사의 장기 성장에 중요한 원동력이 됩니다.
Lotus Technology (Nasdaq: LOT) a annoncé que sa filiale, Lotus Robotics, a obtenu des contrats d'une valeur d'environ 130 millions de dollars américains pour ses solutions de conduite intelligente. L'entreprise s'est associée à des conglomérats automobiles de premier plan en Europe, au Japon et sur d'autres marchés, plus de 40 % de la valeur totale des contrats provenant d'Europe et du reste du monde. Près de 10 modèles de véhicules différents devraient intégrer les solutions de conduite de Lotus Robotics au cours des 2-3 prochaines années. Ces contrats démontrent la reconnaissance mondiale des technologies détenues par Lotus et représentent un moteur significatif pour la croissance à long terme de l'entreprise.
Lotus Technology (Nasdaq: LOT) hat angekündigt, dass ihre Tochtergesellschaft Lotus Robotics Verträge im Wert von etwa 130 Millionen US-Dollar für ihre intelligenten Fahrlösungen gesichert hat. Das Unternehmen hat mit führenden Auto-Konglomeraten in Europa, Japan und anderen Märkten kooperiert, wobei über 40 % des gesamten Vertragswerts aus Europa und dem Rest der Welt stammen. In den nächsten 2-3 Jahren wird erwartet, dass fast 10 verschiedene Fahrzeugmodelle die Fahrlösungen von Lotus Robotics integrieren. Die Verträge zeigen die globale Marktanerkennung der hauseigenen Technologien von Lotus und stellen einen bedeutenden Motor für das langfristige Wachstum des Unternehmens dar.
- Secured contracts worth approximately US$130 million for intelligent driving solutions
- Geographic diversification with 40% of contract value from Europe and Rest of World
- Technology adoption planned for 10 different vehicle models in next 2-3 years
- Partnerships established with leading global auto conglomerates
- Contract value includes conditional payments based on future sales volume, creating uncertainty in final revenue
Insights
The
The strategic diversification into selling proprietary driving technology solutions creates a new revenue stream independent of direct vehicle sales. With implementations planned across nearly 10 different vehicle models in the next 2-3 years, this positions Lotus to capture recurring revenue through licensing and technology integration. The global reach of these contracts, with over
However, investors should note that the stated contract value includes volume-dependent components, making actual revenue realization subject to future market performance and successful technology deployment.
NEW YORK, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus" or the "Company") (Nasdaq: LOT), a leading global intelligent luxury mobility provider, announced that Lotus Robotics, a subsidiary of the Company, has to date achieved a total contract value1 of approximately US
Lotus Robotics has secured agreements with leading global auto conglomerates across Europe, Japan and other key markets with over
“The delivery of intelligent vehicles will continuously enhance the development and geographic adoption of our proprietary technology to capitalize on the thematic growth trend,” said Qingfeng Feng, CEO of Lotus Tech. “Partnering with leading players around the world highlights our commitment to delivering reliable intelligent driving solutions for modern mobility, and strengthens the Company’s overall growth outlook.”
Note 1: The amount includes payable depending on future sales volume and is therefore an estimate in nature and subject to changes.
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
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FAQ
What is the total contract value of Lotus Technology's intelligent driving solutions in 2024?
How many vehicle models will use Lotus Robotics' driving solutions in the next 2-3 years?
What percentage of Lotus Technology's (LOT) contract value comes from Europe and Rest of World?
