Lotus Technology Reports Unaudited Third Quarter and First Nine Months 2024 Financial Results [Yahoo! Finance]
Lotus Technology Inc. (LOT)
Company Research
Source: Yahoo! Finance
The total revenue for the first nine months of 2024 was $653 million, a 105% year-on-year increase. (Source: 'Financial Highlights for the First Nine Months of 2024' section) The Hyper Hybrid EV technology is a 900V hybrid electric drivetrain that features dual Hyper Charging technology, including Ultra-Fast Plug-In Charging and Ultra-Fast On-The-Drive Charging, with industry-leading charging speed. It enables high performance, high efficiency, and a flexible longer driving distance of over 1,100 kilometers. (Source: 'Recent Developments' section) The revenue of Lotus Robotics from customers other than Lotus surged to $11 million with a year-on-year growth of 450%. The growth was driven by agreements with multiple auto conglomerates, including a top European automaker, Farizon, and a top Japanese tier-one supplier. (Source: 'Lotus Robotics' section) The company uses non-GAAP financial measures, including adjusted net loss and adjusted EBITDA, to evaluate its operating results a
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News
- Lotus Technology Announces Delivery Updates of First Eleven Months of 2024 [Yahoo! Finance]Yahoo! Finance
- Lotus Technology Announces Delivery Updates of First Eleven Months of 2024GlobeNewswire
- Lotus Technology Wins Green Apple Award for Environmental Practices [Yahoo! Finance]Yahoo! Finance
- Lotus Technology Wins Green Apple Award for Environmental PracticesGlobeNewswire
- Lotus Technology Inc (LOT) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amid Margin ... [Yahoo! Finance]Yahoo! Finance
LOT
Sec Filings
- 12/9/24 - Form 424B3
- 12/9/24 - Form 424B3
- 12/9/24 - Form 6-K
- LOT's page on the SEC website