Lotus Technology Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]
Lotus Technology Inc. (LOT)
Company Research
Source: Yahoo! Finance
Achieved gross profit margin of 15% in first year of BEV deliveries, with scaling of asset-light production Expanded its global footprint to 215 stores, with new flagship locations in Paris, London, and Seoul Expects 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 80 th anniversary in 2028. In its first year of BEV delivery, the Company achieved a revenue of $679 million and a gross profit margin of 15% in 2023. Revenue in the fourth quarter of 2023 was $361 million, representing a 92% quarter-on-quarter increase. Thi
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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