Lotus Technology Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results
In its first year of BEV delivery, the Company achieved a revenue of $679 million and a gross profit margin of 15% in 2023.
- 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.
- The Company delivered 6,970 vehicles in 2023, an annual record in the 76-year history of the Lotus brand, with BEV models representing 63% of total deliveries.
- Vehicle deliveries in the fourth quarter of 2023 increased nearly 110% quarter-over-quarter to 3,749.