Lotus Technology Reports Unaudited First Quarter 2024 Financial Results [Yahoo! Finance]
Lotus Technology Inc. (LOT)
Company Research
Source: Yahoo! Finance
Revealed 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 of Emeya in China, its first electric hyper-grand tourer, and further expanded its product portfolio to four models. In the China market where the Company operates a direct-to-customer sa
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LOT
News
- Lotus Technology Secures Investment from Strategic Investor [Yahoo! Finance]Yahoo! Finance
- Lotus Technology Secures Investment from Strategic InvestorGlobeNewswire
- Lotus Technology Recognized as a Global Leader for Demonstrating Excellence Across ESG Commitment [Yahoo! Finance]Yahoo! Finance
- Lotus Technology Recognized as a Global Leader for Demonstrating Excellence Across ESG CommitmentGlobeNewswire
- Lotus Technology Reinforces ESG Commitment to its "Driving Change" Vision through 2023 Annual Report [Yahoo! Finance]Yahoo! Finance
LOT
Sec Filings
- 6/24/24 - Form 424B3
- 6/24/24 - Form 6-K
- 5/29/24 - Form 424B3
- LOT's page on the SEC website