Why Lotus thinks its luxury EV game plan will succeed globally [Yahoo! Finance]
L Catterton Asia Acquisition Corp - Units (LCAAU)
Company Research
Source: Yahoo! Finance
It's an interesting turn of events for the Geely-backed automaker now known as Lotus Tech given the uncertain EV market in the US, but one that may prove an exception to the struggles of other pure-play EV makers. Trading under the ticker LOT on the Nasdaq, Lotus Tech will focus on the higher end of the EV market with its Eletre SUV and Emeya sedan, which will not only be offered in the US but also in Europe and, more importantly, China. “What is most important here is that we are definitely going to more markets at the same time through more models and through more stores,” said Lotus Tech CFO Alexious Lee to Yahoo Finance from the Nasdaq market site. By the end of the year Lotus will have four vehicles in production, three of them EVs. “These four models are currently available in Asia Pacific and part of it is also available in UK and EU,” Lee said. “We're having the new [Eletre] SUV model coming into the US in the third quarter of this year, so different markets have differe
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Sec Filings
- 2/22/24 - Form 8-K
- 2/22/24 - Form 25-NSE
- 2/20/24 - Form 425
- LCAAU's page on the SEC website