Lotus Technology Inc. is a leading global intelligent and luxury mobility provider that designs, develops, and sells luxury lifestyle vehicles under the iconic British brand “Lotus.” The company specializes in electric and plug-in hybrid vehicles for daily usage, excluding sports cars, and leverages its proprietary architectures and intelligent driving technologies to deliver premium performance and sustainability.

Lotus Technology Inc. generates revenue primarily through the sale of its lifestyle vehicles, including the Eletre SUV, Emeya hyper-GT, and For Me PHEV hyper-SUV, as well as through the distribution and aftersales services for Lotus-branded sports cars manufactured by Lotus UK. Revenue is derived from a global distribution network comprising over 200 stores and a digital-first, omni-channel sales model that enables direct customer engagement, customization, and service delivery across physical and virtual touchpoints.

The company operates through the following segments:

• Lifestyle Vehicles: This segment encompasses the design, development, marketing, and distribution of Lotus-branded electric and plug-in hybrid vehicles for daily use, including the Eletre, Emeya, and For Me models. It leverages the company’s proprietary 800-volt EPA and X-Hybrid architectures, along with intelligent driving and connectivity technologies, to deliver high-performance luxury vehicles. The segment includes trademarked models such as Eletre, Emeya, and For Me, with Eletre also known as Eletre X in Europe.

• Global Commercial Platform: This segment manages the exclusive global distribution (excluding the U. S., where LTIL acts as head distributor) of vehicles, parts, and tools manufactured by Lotus UK, including aftersales services, branding, marketing, and public relations. It oversees a network of over 200 stores worldwide and handles the distribution of models such as Evija (BEV sports car) and Emira (ICE sports car), both developed and manufactured by Lotus UK. The segment ensures compliance with the Master Distribution Agreement, including business planning, annual targets, and sub-distributor standards.

Lotus Technology Inc. holds a competitive position in the luxury electric vehicle market, benefiting from its strong brand heritage, innovative architectures such as the 800-volt EPA and X-Hybrid systems, and its asset-light business model supported by Geely Holding’s manufacturing ecosystem. The company competes with established luxury automakers and emerging EV makers by differentiating through advanced intelligent driving features, sustainable materials, over-the-air updates, and a premium digital retail experience, although it faces competition from entities with greater financial and scale resources.

Lotus Technology Inc. serves a global customer base of individual consumers seeking luxury, high-performance electric and plug-in hybrid vehicles, with a focus on affluent buyers interested in innovative technology, sustainability, and brand prestige. The company’s customers access its vehicles and services through its international distribution network and digital platforms, supporting a direct relationship model that includes customization, test drives, and aftersales support.