Lotus delivered 12,065 vehicles1 in 2024, representing a year-on-year growth of more than 70% and the rate of expansion among leading luxury brands2. China contributed about 25% of total global shipments in 2024.
By 2025, the company aims to increase its global shipments by 20% with a contribution from China of 25-28%. Lotus also effectively regained ownership rights to the LLOTUS circle, the LOTUS wordmark and the Chinese character Lotus (“莲花”) in China, ensuring the consistency of the logo worldwide.
Note 1: Invoiced deliveries, adding deliveries ordered in the US market. The vehicle delivery figures presented above are derived from reports sent across our business units. These numbers would likely differ from the vehicle delivery numbers recorded in the accounting and monetary reporting systems announced or to be announced through the Company.
About Lotus Technology Inc.
Lotus Technology Inc. operates in the UK, EU and China. The company is committed to offering luxury battery electric vehicles with world-class battery electric vehicles.
Forward-Looking StatementsThis press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Tech undertakes no obligation to update any forward-looking statement, except as required under applicable law.
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