- CEO
- Qingfeng Feng
- Full Time Employees
- 1,132
- Sector
- Consumer Cyclical
- Industry
- Auto - Manufacturers
- Address
- No.800 Century Avenue Shanghai SH People's Republic of China 200120
- IPO Date
- Feb 23, 2024
- Business
- Lotus Technology Inc. designs, develops, manufactures, and sells luxury battery electric lifestyle vehicles under the Lotus brand worldwide; its core products include the Eletre hyper-SUV, Emeya hyper-GT, Evija electric hypercar, and Emira sports car, with upgraded models of the Eletre and Emeya featuring enhanced performance, 800-volt architecture for rapid charging, and advanced technologies such as active roll control and rear-wheel steering. The company operates primarily in the premium electric vehicle segment, targeting high-end consumers in China, Europe, and North America; it maintains manufacturing and R&D facilities in China and the UK, with headquarters in Shanghai and a global headquarters established in Wuhan, China. Founded as a subsidiary of Geely Automobile Holdings in 2018 to spearhead the brand's electrification strategy, Lotus Technology went public via a business combination with L Catterton Asia Acquisition Corp in 2023, listing its American depositary shares and warrants (LOT and LOTWW) on Nasdaq. Recent developments include securing $122 million in strategic investments from partners in 2023 to fund R&D and global expansion; entering a memorandum of understanding with HERE Technologies in 2025 for L2+ advanced driver assistance systems using HD Live Maps; announcing a new plug-in hybrid electric vehicle (PHEV) model with over 1,000 km range and 900V platform for unveiling in late 2025; and advancing the acquisition of full ownership of Lotus UK (including sports car/hypercar production and engineering consultancy) following put option exercises by Geely and Etika in 2025, with integration targeted for 2026 to consolidate operations under the Lotus brand. In the first nine months of 2025, the company delivered 4,612 vehicles and reported revenue of $356 million, with gross margins improving to 8% amid model transitions and inventory optimization.