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Lotus Technology Celebrates Public Listing on Nasdaq

Retrieved on:

Friday, February 23, 2024

Acquisition, EV, L Catterton, BEV, LVMH, LCAA, Lotus, Cryptocurrency

NEW YORK and SINGAPORE, Feb. 23, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, rang today's opening bell at the Nasdaq stock exchange in New York City in celebration of its public listing.

Key Points:

NEW YORK and SINGAPORE, Feb. 23, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, rang today's opening bell at the Nasdaq stock exchange in New York City in celebration of its public listing.
"This is an exciting moment for all of us at Lotus Technology," said Mr. Feng.
We are proud to carry Lotus's heritage into the future, and to open a new chapter in the Lotus story with our public listing today."
Today's public listing is a significant step in the company's future expansion and we are looking forward to our continued collaboration with Lotus Tech's talented management team."

Lotus Tech and L Catterton Asia Acquisition Corp Complete Business Combination

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Thursday, February 22, 2024

Acquisition, L Catterton, LCAA, Business, Business analyst

NEW YORK and SINGAPORE, Feb. 22, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, and L Catterton Asia Acquisition Corp ("LCAA") (NASDAQ: LCAA), a special purpose acquisition company formed by affiliates of L Catterton, a leading global consumer-focused investment firm, today announced the completion of their previously announced business combination ("Business Combination").

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NEW YORK and SINGAPORE, Feb. 22, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, and L Catterton Asia Acquisition Corp ("LCAA") (NASDAQ: LCAA), a special purpose acquisition company formed by affiliates of L Catterton, a leading global consumer-focused investment firm, today announced the completion of their previously announced business combination ("Business Combination").
The announcement of the completion of the Business Combination comes after LCAA shareholders voted to approve the transaction on February 2, 2024.
As a result of the Business Combination, LCAA became a wholly owned subsidiary of Lotus Tech and is expected to be delisted from the Nasdaq.
Lotus Tech is expected to ring the Nasdaq opening bell in New York City on February 23, 2024 to commemorate its public listing.

Lotus Tech and L Catterton Asia Acquisition Corp Announce Closing of Business Combination

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Tuesday, February 20, 2024

NEW YORK and SINGAPORE, Feb. 20, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, and L Catterton Asia Acquisition Corp ("LCAA") (NASDAQ: LCAA), a special purpose acquisition company formed by affiliates of L Catterton, a leading global consumer-focused investment firm, announced today that their previously proposed business combination is expected to be completed on February 22, 2024. The combined company will retain Lotus Tech's name as "Lotus Technology Inc." and its American Depositary Shares (ADS) will commence trading on the Nasdaq under the ticker symbol "LOT" on February 23, 2024. The business combination was approved by LCAA shareholders at an extraordinary general meeting held on February 2, 2024.

Key Points:

The business combination was approved by LCAA shareholders at an extraordinary general meeting held on February 2, 2024.
"We are thrilled to announce our upcoming debut on the Nasdaq as we complete our business combination with LCAA," said Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech.
We look forward to accelerating our growth as a listed company, leading the electric transformation of the global luxury BEV market together with L Catterton."
Lotus Tech will ring the Nasdaq opening bell in New York City on February 23, 2024 to commemorate the Company's public listing.

Lotus Technology Showcases Autonomous Driving Progress at CES 2024

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Tuesday, January 9, 2024

Lidar, DRIVE, Artificial intelligence, Las Vegas Convention Center, Perception, Robotics, Mergers and acquisitions, LCAA, ADS, Consumer Electronics Show, Acquisition, L Catterton, L3, CES, Internet, NVIDIA, American depositary receipt, Fine chemical

NEW YORK and SINGAPORE, Jan. 9, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, announced today that its intelligent driving arm, Lotus Robotics, will showcase numerous proprietary next-generation autonomous driving software and hardware solutions at the 2024 Consumer Electronics Show (CES) in Las Vegas, USA.

Key Points:

NEW YORK and SINGAPORE, Jan. 9, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, announced today that its intelligent driving arm, Lotus Robotics, will showcase numerous proprietary next-generation autonomous driving software and hardware solutions at the 2024 Consumer Electronics Show (CES) in Las Vegas, USA.
The technologies have been employed in Lotus Tech vehicles, contributing to their autonomous driving capabilities.
In recognition of Lotus Tech's leadership in intelligent driving, the Company recently received approval to test L3 autonomous driving in Wuxi, a city near Shanghai serving as China's pilot zone for "internet of vehicles" connectivity.
"Lotus Robotics' leading technologies bear testament to Lotus Tech's world-class R&D innovation capabilities and signify a significant step forward in our Vision80 strategy.

Lotus Technology Secures Additional Financing Ahead of the Completion of Its Planned Business Combination with L Catterton Asia Acquisition Corp

Retrieved on:

Tuesday, November 28, 2023

Tripura Merger Agreement, Acquisition, PIPE, LCAA, ADS, Documentation, American depositary receipt, L Catterton, Growth, Plan, Airline

The agreements have been entered into ahead of the anticipated completion of Lotus Tech's planned business combination with L Catterton Asia Acquisition Corp ("LCAA") (NASDAQ: LCAA), a special purpose acquisition company formed by affiliates of L Catterton, a leading global consumer-focused investment firm.

Key Points:

The agreements have been entered into ahead of the anticipated completion of Lotus Tech's planned business combination with L Catterton Asia Acquisition Corp ("LCAA") (NASDAQ: LCAA), a special purpose acquisition company formed by affiliates of L Catterton, a leading global consumer-focused investment firm.
The Company most recently received approximately US$750 million of new financing commitments, subject to closing conditions stated in the relevant definitive investment documentation.
These new financing commitments add to approximately US$120 million of financing commitments Lotus Tech previously announced on April 28, 2023.
Upon completion of the transactions contemplated by the Merger Agreement, Lotus Tech will become a Nasdaq-listed public company.

Lotus Technology releases first ESG report, targets carbon neutrality by 2038

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Thursday, October 26, 2023

NEW YORK and SINGAPORE, Oct. 25, 2023 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, today released its first annual Environmental, Social, and Governance ("ESG") Report .

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NEW YORK and SINGAPORE, Oct. 25, 2023 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, today released its first annual Environmental, Social, and Governance ("ESG") Report .
The Company's strategy focuses on six key fields: Nature Positive, Climate Neutrality, Sustainable Supply Chain, Inclusion and Equality, Community Commitment, and Transparent Governance.
In order to achieve carbon neutrality across its value chain by 2038, the Company has established an advanced digital carbon emissions management system to analyze its carbon footprint at both the organizational and product levels.
Upon completion of the business combination, the combined company is expected to retain Lotus Tech's name as "Lotus Technology Inc." and is expected to be listed on the Nasdaq under the ticker symbol "LOT."

Lotus Robotics Designated by Leading Automakers to License its Intelligent Driving Solutions

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Sunday, September 10, 2023

Online, Tripura Merger Agreement, LCAA, Research, SUV, Lidar, Mergers and acquisitions, CVPR, Acquisition, Robotics, Algorithm, Growth, R, L Catterton, Software, Mobile phone, Lotus

NEW YORK and SINGAPORE, Sept. 10, 2023 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, announced today that its intelligent driving arm, Lotus Robotics, has been designated to license several leading automakers to provide them with its intelligent driving technology and software.

Key Points:

NEW YORK and SINGAPORE, Sept. 10, 2023 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, announced today that its intelligent driving arm, Lotus Robotics, has been designated to license several leading automakers to provide them with its intelligent driving technology and software.
Lotus Robotics has advanced software capabilities and develops key intelligent driving algorithms, as well as testing and simulation tools.
Lotus's intelligent driving research and development commenced in 2018, and is committed to building the best platform for advanced intelligent driving technologies.
Lotus Robotics has developed best-in-class hardware, award-winning algorithms and software, and powerful cloud solutions supported by its teams across Germany and China.

Lotus Technology's First Electric Hyper-GT Emeya Debuts in New York

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Friday, September 8, 2023

EV, Tripura Merger Agreement, DC, LCAA, Carbon, SUV, BEV, Mergers and acquisitions, Acquisition, Engineering, Peugeot Type 135, L Catterton, Retail, Lotus

NEW YORK, Sept. 7, 2023 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, today announced the debut of Emeya, the Company's first and one of the world's most advanced electric hyper-GT vehicles.

Key Points:

NEW YORK, Sept. 7, 2023 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, today announced the debut of Emeya, the Company's first and one of the world's most advanced electric hyper-GT vehicles.
Emeya demonstrates Lotus's market-leading charging capabilities, and can top up approximately 150km of range in just 5 minutes using a 350kW DC fast charger.
Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech, said, "We are proud and excited to announce the debut of Emeya today.
Emeya will join Lotus Tech's line-up of luxury lifestyle electric vehicles as the Company continues its transformation into an advanced, fully electric, intelligent, and sustainable luxury mobility provider by 2028.

Lotus Technology Expands Distribution Network Catering to Growing Global Demand

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Monday, July 24, 2023

Omnichannel, Tripura Merger Agreement, LCAA, Emira, Mergers and acquisitions, Tianshan Snow Lotus Group, Acquisition, Lotus Cars, L Catterton, Online shopping, Lotus Eletre, Lotus

Lotus Tech has expanded its global retail network to 193 stores[1], opening 24 new outlets over the first half of 2023.

Key Points:

Lotus Tech has expanded its global retail network to 193 stores[1], opening 24 new outlets over the first half of 2023.
Following the anticipated completion of its global sales and distribution platform in the third quarter of this year, the Company expects to further develop its global distribution network, and targets to reach over 300 stores by the end of 2025.
We expect to ramp up production to meet robust global demand as we continue growing our retail network," said Mr. Qingfeng Feng, Chief Executive Officer of Lotus Group.
[1] The number of stores includes stores operated by Lotus Cars Limited as of June 30, 2023, which are expected to be transferred to Lotus Tech pursuant to a master distribution agreement between Lotus Technology Innovative Limited, a wholly-owned subsidiary of Lotus Tech ("LTIL"), and Lotus Cars Limited.

Lotus Technology Enters into Agreements for $122M with Strategic Partners and Business Partners

Retrieved on:

Friday, April 28, 2023

LOT, LCAA, Period 1 element, Research, Documentation, Acquisition, Growth, L Catterton, Fine chemical, Renewable energy

The financing demonstrates the strength of market confidence in Lotus Tech as the Company progresses to complete the previously announced business combination, which is expected to close later this year.

Key Points:

The financing demonstrates the strength of market confidence in Lotus Tech as the Company progresses to complete the previously announced business combination, which is expected to close later this year.
Our strategic partners are eager to contribute to our development with additional capital," said Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech.
"Beyond providing capital, our strategic partners' extensive global relationships and deep industry expertise will help accelerate our business and technology development and product roll-out.
Upon completion of the business combination, the combined company is expected to retain Lotus Tech's name as "Lotus Technology Inc." and its ordinary shares are expected to be listed on the Nasdaq under the ticker symbol "LOT."