Lotus Tech recorded revenue of $173 million and gross profit margin of 18%Delivered approximately 2,194 vehicles1, with global markets outside China contributing over 75% of total deliveriesRevealed luxury customized editions of classic sportscar and BEV lifestyle models NEW YORK, May 29, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (NASDAQ:LOT), a leading global luxury electric vehicle maker, today announced its unaudited financial results for the first quarter ended March 31, 2024. The Company achieved total revenue of $173 million in the quarter, a year-on-year growth of 811% and a gross profit margin of 18%, powered by an asset-light model and high-m
NEW YORK, May 24, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (NASDAQ:LOT), a leading global luxury electric vehicle maker, today announced that it will report its unaudited first quarter 2024 financial results on May 29, 2024, before market opening in the United States. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, May 29, 2024 (14:00 Central European Time / 20:00 China Standard Time on May 29, 2024). Lotus Tech 1Q 2024 Financial Results webcast: https://edge.media-server.com/mmc/p/gwuvrehk Following completion of the call, audio replay will be available on the Company's investor relations we
Adjusted EBITDA increased by $7.2 million to $1.6 million in 2023Conference Call and Webcast on April 30th at 5 PM ET NEW YORK, April 29, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today provided a business update and reported financial results for the year ended December 31, 2023. Fiscal Year 2023 Financial Results For the fiscal year ended December 31, 2023, total revenues were $364 million, up 29% from $282 million in 2022.Our auto service segment reported revenue of $215 million in fiscal year 2023, an increase of 8% from $199 million in fiscal year 2022.
Lotus Tech recorded revenue of $679 million in 2023, driven by growing sales of lifestyle BEVs and sports carsAchieved gross profit margin of 15% in first year of BEV deliveries, with scaling of asset-light productionExpanded its global footprint to 215 stores, with new flagship locations in Paris, London, and SeoulExpects to achieve about threefold increase in deliveries in 2024 amid steady market expansion NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, today announced its unaudited financial results for the fourth quarter and the year ended December 31, 2023.
NEW YORK, March 20, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (NASDAQ:LOT), a leading global luxury electric vehicle maker, today announced that it will report its unaudited fourth quarter and full year 2023 financial results on April 8, 2024, before market opening in the United States. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Monday, April 8, 2024 (14:00 Central European Time / 20:00 China Standard Time on the same day). There will be a live audio webcast and replay available following completion of the call on the Company's investor relations website at https://ir.group-lotus.com/. For participa
SC 13G - Lotus Technology Inc. (0001962746) (Subject)
NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, today announced that it has entered into a convertible bond agreement with an aggregate principal amount of approximately $110 million1 through a private placement from its existing strategic shareholder (the "Investment"). The investment marks the shareholder's continuous confidence in Lotus Tech's growth strategy and outlook. The transaction is subject to customary closing conditions and the closing is expected to take place in the near future. A description of the material terms and conditions of the convertible purchase agreement and the not
NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (NASDAQ:LOT), a leading global luxury electric vehicle maker, announced it has become the first automaker to receive recognition by the Global Zero Carbon City Pioneer Awards at the 2024 Shanghai International Carbon Neutrality Expo, for demonstrating innovation and exceptional commitment to sustainability and responsible business practices. The Global Zero Carbon City Pioneer Award, initiated by the United Nations' subsidiary organization, is jointly launched this year by Tongji University, China Building Technique Group Co., Ltd. and other esteemed partners. The award recognizes organizat
NEW YORK, May 29, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (NASDAQ:LOT), a leading global luxury electric vehicle maker, today released its 2023 Environmental, Social, and Governance ("ESG") report. The report outlined its achievements in building a green value chain, leading clean mobility, and upholding business integrity through the efforts in information security and privacy protection as well as in community support. All information disclosed in the report has been audited by TÜV NORD, an independent third-party testing, inspection, and certification agency. "Guided by our ESG "Driving Change" vision, we are committed to implementing global init
Lotus Tech recorded revenue of $173 million and gross profit margin of 18%Delivered approximately 2,194 vehicles1, with global markets outside China contributing over 75% of total deliveriesRevealed luxury customized editions of classic sportscar and BEV lifestyle models NEW YORK, May 29, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (NASDAQ:LOT), a leading global luxury electric vehicle maker, today announced its unaudited financial results for the first quarter ended March 31, 2024. The Company achieved total revenue of $173 million in the quarter, a year-on-year growth of 811% and a gross profit margin of 18%, powered by an asset-light model and high-m
NEW YORK, May 24, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (NASDAQ:LOT), a leading global luxury electric vehicle maker, today announced that it will report its unaudited first quarter 2024 financial results on May 29, 2024, before market opening in the United States. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, May 29, 2024 (14:00 Central European Time / 20:00 China Standard Time on May 29, 2024). Lotus Tech 1Q 2024 Financial Results webcast: https://edge.media-server.com/mmc/p/gwuvrehk Following completion of the call, audio replay will be available on the Company's investor relations we
Adjusted EBITDA increased by $7.2 million to $1.6 million in 2023Conference Call and Webcast on April 30th at 5 PM ET NEW YORK, April 29, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today provided a business update and reported financial results for the year ended December 31, 2023. Fiscal Year 2023 Financial Results For the fiscal year ended December 31, 2023, total revenues were $364 million, up 29% from $282 million in 2022.Our auto service segment reported revenue of $215 million in fiscal year 2023, an increase of 8% from $199 million in fiscal year 2022.
NEW YORK, April 22, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, today announced that its annual report on Form 20-F for the fiscal year ended December 31, 2023 has been filed with the Securities and Exchange Commission. The annual report can be accessed on the Company's investor relations website at https://ir.group-lotus.com. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed to the contact of IR department, [email protected]. About Lotus Technology Inc.Lotus Tec
NEW YORK, April 22, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker has today released a new video, showcasing its transition to sustainable mobility. With an ambition of "Driving Change" and commitment to electrification, Lotus Tech aims to achieve carbon neutrality by 2038 and achieve a 100% electric product portfolio by 2028. Featuring insights from the Chairman of Lotus Tech's ESG Committee and the ESG team, the video highlights the Company's mission and its interpretation of sustainability, along with the current progress and achievements in areas such as sustainable vehicle design, eco-friendly material
Lotus Tech recorded revenue of $679 million in 2023, driven by growing sales of lifestyle BEVs and sports carsAchieved gross profit margin of 15% in first year of BEV deliveries, with scaling of asset-light productionExpanded its global footprint to 215 stores, with new flagship locations in Paris, London, and SeoulExpects to achieve about threefold increase in deliveries in 2024 amid steady market expansion NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, today announced its unaudited financial results for the fourth quarter and the year ended December 31, 2023.
NEW YORK, March 20, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (NASDAQ:LOT), a leading global luxury electric vehicle maker, today announced that it will report its unaudited fourth quarter and full year 2023 financial results on April 8, 2024, before market opening in the United States. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Monday, April 8, 2024 (14:00 Central European Time / 20:00 China Standard Time on the same day). There will be a live audio webcast and replay available following completion of the call on the Company's investor relations website at https://ir.group-lotus.com/. For participa
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424B3 - Lotus Technology Inc. (0001962746) (Filer)
6-K - Lotus Technology Inc. (0001962746) (Filer)
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