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Lotus Technology Announces Delivery Updates of First Eleven Months of 2024

1. Lotus delivered 9,871 vehicles in 2024's first 11 months. 2. 40% of deliveries were from the European market. 3. China contributed 25% of vehicle deliveries. 4. Lotus won the Green Apple Environment Award for sustainability efforts.

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FAQ

Why Bullish?

Strong vehicle delivery figures indicate growing market presence, potentially boosting investor confidence.

How important is it?

Sales growth in key markets is critical for Lotus's valuation and future investments.

Why Short Term?

Immediate investor reactions expected from delivery results, similar to past performance post-announcements.

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December 02, 2024 17:00 ET | Source: Lotus Technology Inc. NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus” or the “Company”), a leading global intelligent and luxury mobility provider, today announced its vehicle delivery results for the first eleven months of 2024. The Company delivered 9,871 vehicles1 in the first eleven months of 2024. As a top seller British luxury brand2, Lotus continued its strong momentum in the European market, which contributed nearly 40% of total deliveries for the eleven months ended November 30, 2024. China, as a new and growing market for Lotus, contributed about 25% of the total deliveries. In November, the Company was awarded the Green Apple Environment Award for its commitment to sustainable environmental practices. Note 1: Invoiced deliveries, including commissioned deliveries in the US market. The vehicle delivery numbers presented above are derived from reports submitted by our business units. These numbers may differ slightly from the vehicle delivery numbers recorded in the financial accounting and reporting systems announced or to be announced by the Company. Note 2: Including Bentley, Rolls Royce, Aston Martin, McLaren. About Lotus Technology Inc. Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle battery electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalisation and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com. Forward-Looking StatementsThis press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Tech undertakes no obligation to update any forward-looking statement, except as required under applicable law. Contact InformationFor investor inquiriesir@group-lotus.com

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