Lotus Technology Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results
Lotus Technology Inc. (LOT)
Company Research
Source: GlobeNewswire
Lotus Tech recorded revenue of $679 million in 2023, driven by growing sales of lifestyle BEVs and sports carsAchieved gross profit margin of 15% in first year of BEV deliveries, with scaling of asset-light productionExpanded its global footprint to 215 stores, with new flagship locations in Paris, London, and SeoulExpects to achieve about threefold increase in deliveries in 2024 amid steady market expansion NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”), a leading global luxury electric vehicle maker, today announced its unaudited financial results for the fourth quarter and the year ended December 31, 2023. The results reflect steady progress in the Company’s execution of its Vision80 strategy to become an all-electric, intelligent and luxury mobility provider before Lotus’s 80th anniversary in 2028. In its first year of BEV delivery, the Company achieved a revenue of $679
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LOT
News
- Lotus Technology Inc. Announces Filing of Annual Report on Form 20-F [Yahoo! Finance]Yahoo! Finance
- Lotus Technology Inc. Announces Filing of Annual Report on Form 20-FGlobeNewswire
- Lotus Technology Inc. (NASDAQ: LOT) is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a "hold" rating and a $7.00 price target on the stock.MarketBeat
- Lotus Tech Releases Video Showcasing ESG Vision: Driving The Future of Sustainable Mobility [Yahoo! Finance]Yahoo! Finance
- Lotus Tech Releases Video Showcasing ESG Vision: Driving The Future of Sustainable MobilityGlobeNewswire
LOT
Sec Filings
- 5/6/24 - Form S-8
- 5/3/24 - Form F-1
- 4/22/24 - Form 20-F
- LOT's page on the SEC website