Total Contract Value of Lotus Technology’s Intelligent Driving Solutions Nearing US$130 Million
Lotus Technology Inc. (LOT)
Company Research
Source: GlobeNewswire
NEW YORK, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus" or the "Company") (Nasdaq: LOT), a leading global intelligent luxury mobility provider, announced that Lotus Robotics, a subsidiary of the Company, has to date achieved a total contract value1 of approximately US$130 million for its intelligent driving solutions, symbolizing a significant driver for the long-term and sustainable growth of the Company. Lotus Robotics has secured agreements with leading global auto conglomerates across Europe, Japan and other key markets with over 40% of total contract value from Europe and Rest of the World, demonstrating the global market recognition of its self-owned technologies. Close to 10 different models to be delivered to global car owners are expected to be equipped with Lotus Robotics’ driving solutions in the next 2-3 years. “The delivery of intelligent vehicles will continuously enhance the development and geographic adoption of our proprietary technology to
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News
- Lotus Technology Reports Unaudited Third Quarter and First Nine Months 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Lotus Technology Reports Unaudited Third Quarter and First Nine Months 2024 Financial ResultsGlobeNewswire
- Total Contract Value of Lotus Technology's Intelligent Driving Solutions Nearing US$130 Million [Yahoo! Finance]Yahoo! Finance
- Lotus Technology Announces Delivery Updates of First Ten Months of 2024GlobeNewswire
- Lotus Technology to Report Unaudited Third Quarter 2024 Financial Results on November 21, 2024GlobeNewswire
LOT
Sec Filings
- 11/21/24 - Form 424B3
- 11/21/24 - Form 424B3
- 11/21/24 - Form 6-K
- LOT's page on the SEC website