News
Lotus Announces Strong Financial Results For First Nine Months Of 2024
Between Jan and Sept of 2024, total revenues reached $653 million (+105%), while sales of goods were $624 million (+104%).
In the first nine months of 2024, Lotus delivered a total of 7,617 vehicles (3,983 SUVs and Sedans + 3,634 Sportscars (+136%).
In Sept, Lotus launched the Eletre Carbon, a high-performance variant of its hyper-SUV tailored for the North America market.
Lotus Technology Inc, an all-electric lifestyle vehicle company based in Wuhan, China, has announced its unaudited financial results for the first nine months ended September 30, 2024.
Between January 1st and 30th September of 2024, total revenues reached $653 million, a 105% year-on-year increase, while sales of goods were $624 million, a 104% YoY increase.
In the first nine months of 2024, Lotus delivered a total of 7,617 vehicles (3,983 SUVs and Sedans + 3,634 Sportscars, representing a 136% year-on-year (YoY) increase. In an update, the company announced a total deliveries of 8,631 vehicles in the first 10 months of 2024.
-
See Also : Bentley’s First Electric Vehicle Will Arrive In 2026 As The “World’s First Luxury Urban SUV”
In the third quarter, Lotus began the deliveries of Emira in South Africa and India, and the Eletre in Japan, South Korea and the Philippines. During the quarter, the company also began the deliveries of bespoke versions of both Eletre (SUV) and Emeya (GT, Sedan).
In September, Lotus launched the Eletre Carbon, a high-performance variant of its Eletre electric hyper-SUV tailored for the North America market, with deliveries expected to commence in the first half of 2025.
“We continued to deliver strong operational growth, with total deliveries of 7,617 units in the first nine months of 2024, up by 136% year-on-year, driven by the European market,” said Mr. Qingfeng Feng, Chief Executive Officer.
“We are excited to see significant progress in our intelligent driving business across the world with revenue of the business from customers other than Lotus surged to $11 million with a year-on-year growth of 450%, contributing about 2% of total revenue.”
-
See Also : 7 Things To Know About The Lotus Emeya Electric Hyper-GT, Including Its 10-80% Charge In 14 Minutes
-
News1 week agoBugatti Wars: Davido Flaunts $5 Million W16 Mistral, A Day After Burna Boy’s Chiron Arrived Nigeria
-
News1 week agoThe Mazda MX-5 (Miata) May Become An EV
-
Celebrities Auto6 days ago₦6B Worth of Supercars: Jeff Forex And Habby Forex Takes Delivery Of Their Lamborghini Aventador SVJs
-
News5 days agoDavido’s Shows Off $5m Mistral, Burna Boy’s Chiron, EFCC Seizes Aisha’s Exotic Cars Worth ₦4.3b, Hongqi E-HS9 Spotted, Nigerian News In July
-
News1 week agoThe Largest U.S. Recall Of Mercedes-Benz In 2026 Began With A Single Little Component
-
News6 days agoFull Lists Of Categories Of Vehicles Exempted From Customs Import Duty & VAT, Those Still Taxed
-
News6 days agoThrough 2027, BMW Will Flood The Market With New Vehicles
-
News6 days agoLamborghini Urus SE Performante, Bentley Torcal, McMurtry Spéirling PURE, McLaren 788HS, News In July