Lotus Technology Reports Unaudited First Quarter 2024 Financial Results
Lotus Technology Inc. (LOT)
Company Research
Source: GlobeNewswire
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-margin businesses including R&D services and accessories. The Company successfully launched its Chapman Bespoke service in the first quarter of 2024, providing premium customization to Lotus vehicles. Lotus Tech delivered a total of 2,194 vehicles in the first quarter. The Company began deliveries
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News
- Deutsche Bank ADR Virtual Investor Conference: Presentations Now Available for Online Viewing [Yahoo! Finance]Yahoo! Finance
- Deutsche Bank ADR Virtual Investor Conference: Presentations Now Available for Online ViewingGlobeNewswire
- Lotus Tech Unveils Breakthrough in Intelligent Driving Services, Setting New Standards in Luxury Automotive TechnologyGlobeNewswire
- Lotus Revealed Groundbreaking Concept Car: A Leap into the Future of Automotive DesignGlobeNewswire
- International companies to host live webcasts at Deutsche Bank's Depositary Receipts Virtual Investor Conference on September 24th and 25th, 2024 [Yahoo! Finance]Yahoo! Finance
LOT
Sec Filings
- 9/25/24 - Form 424B3
- 9/24/24 - Form EFFECT
- 9/19/24 - Form POS
- LOT's page on the SEC website