NEW YORK, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (NASDAQ:LOT), a leading global intelligent luxury mobility provider, is proud to announce a major breakthrough in its intelligent driving services, marking a revolutionary step forward in the automotive industry. This advancement reflects Lotus Tech's unwavering dedication to integrating cutting-edge technology into its world-renowned luxury vehicles, redefining the driving experience for its customers. Recent performance data from the Company's exclusive user app highlights that Lotus Tech has achieved a remarkable milestone: a single intelligent driving session for a user reaching up to 53
NEW YORK, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (NASDAQ:LOT), a leading global intelligent luxury mobility provider, today announced the exciting debut of Theory 1, a revolutionary concept car that represents the pinnacle of innovation and sustainability in the automotive industry. This groundbreaking vehicle redefines the future of driving with its cutting-edge technologies, striking design, and unparalleled environmental consciousness. Soft Robotics Fabric Driver System: A New Era of Vehicle InteractionTheory 1 introduces a pioneering driver system featuring soft robotics fabric, enhancing both comfort and control. This advanced mater
NEW YORK, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Deutsche Bank today announced the lineup for its Depositary Receipts Virtual Investor Conference ("dbVIC") on Tuesday, September 24 and Wednesday, September 25, featuring live webcast presentations from international companies with American Depositary Receipt (ADR) programs in the US. Representatives from participating companies based in China, France, Hong Kong, Netherlands, Philippines, Portugal, Spain, Switzerland, and the United Kingdom will respond to questions during formal presentations. The conference is targeted to all categories of investors and analysts interested in international companies. There is no fee for participants to log i
NEW YORK, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (NASDAQ:LOT), a leading global intelligent luxury mobility provider, today announced that its intelligent driving arm, Lotus Robotics, has been selected to supply to a world-class Japanese tier-one supplier, marking a vital step for Lotus Tech to enter into the Japanese market through its cutting-edge intelligent driving technology. The selection by the Japanese tier-one supplier relates Robo Galaxy, the solution including tool software and data collection hardware developed by Lotus Robotics which enable businesses to improve the efficiency of development of intelligent driving solutions. L
NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (NASDAQ:LOT), a leading global intelligent luxury mobility provider, proudly announces the commencement of deliveries of its Eletre model, the intelligent hyper SUV, in Korea and Japan. This milestone marks a significant step forward as Lotus continues to expand its footprint in key geographies, following the brand's successful re-entry into these regions last year. Korea and Japan are established markets for luxury consumption and are also recognized for their welcoming embrace of advanced technologies. As a brand with 76 years of racing heritage, Lotus enjoys a strong and loyal following i
NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or "the Company") (NASDAQ:LOT), a leading global intelligent luxury mobility provider, has been celebrated at the 2024 EUCCC Sustainable Business Award in Shanghai on September 4th for Decarbonization Leadership. EUCCC (The European Union Chamber of Commerce in China) was established in 2000 as an independent advocacy organization for EU businesses in China, with high authority and significant influence. The Sustainable Business Awards has been held for eight consecutive editions since 2017. The awards aim to promote the establishment of sustainable business models that are socially and environmentally resp
NEW YORK, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (NASDAQ:LOT), a leading global intelligent luxury mobility provider, today announced that it has recently obtained local homologation certification for the Eletre (SUV) model and the Emeya (GT, Sedan) model in the GCC region, paving the way for deliveries of Eletre (SUV) started in the third quarter. The milestone marks an important step as the Company continues to expand its presence in a region renowned for its passion for heritage luxury brands of automobile, racing DNA, and advanced technologies. While deliveries of Eletre (SUV) model are on the way, reservations of Emeya (GT, Sedan) mo
Robust start in 2024, marking the strongest first half-year performance in the brand's history.Balanced global allocation, with strong US deliveries1 contribution after the brand's re-entry into the market.Launched bespoke services and continued growing technology-related income, which are expected to be potential contributors of profit margin in the future.Adjusted the annual delivery target due to near-term disruptions from trade uncertainties and tariff hikes.Initiated the "Win26" Plan aiming to achieve positive operating cashflow and EBITDA in 2026. NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global intelligent and luxur
NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (NASDAQ:LOT), a leading global intelligent luxury mobility provider, today announced that its intelligent driving arm, Lotus Robotics, has provided end-to-end intelligent driving solutions to Farizon Auto, a global leading automaker in new energy commercial vehicle sector. This strategic collaboration marks a significant milestone as the Company further expand its business outreach through technologies. Farizon is dedicated to developing and producing clean, new energy commercial vehicles including heavy duty trucks, light duty vans, and commercial buses for interstate logistic and intracity
NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (NASDAQ:LOT), a leading global intelligent luxury mobility provider, today announced that its intelligent driving arm, Lotus Robotics, has provided intelligent driving solutions to Lynk&Co, a global leading automaker with operations across Europe and Asia. This collaboration marks a significant milestone in the commercialization of the Company's advanced technology capabilities. The Company celebrates the launch of Lynk&Co Z10, which is the first all-electric flagship sedan of the Lynk&Co brand. The model, inspired by "The Next Day" concept car, features intelligent driving solutions, includi
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Robust start in 2024, marking the strongest first half-year performance in the brand's history.Balanced global allocation, with strong US deliveries1 contribution after the brand's re-entry into the market.Launched bespoke services and continued growing technology-related income, which are expected to be potential contributors of profit margin in the future.Adjusted the annual delivery target due to near-term disruptions from trade uncertainties and tariff hikes.Initiated the "Win26" Plan aiming to achieve positive operating cashflow and EBITDA in 2026. NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global intelligent and luxur
NEW YORK , Aug. 02, 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 half 2024 financial results on August 28, 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, August 28, 2024 (14:00 Central European Time / 20:00 China Standard Time on August 28, 2024). There will be a live audio webcast and replay available following completion of the call on the Company's investor relations website. For participants who wish to view the live webcast,
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