Lotus Technology Announces Focus 2030 Strategy and Type 135

New York, USA - Lotus Technology Inc. (Nasdaq: LOT) has announced Focus 2030, an evolved business strategy aimed at enhancing the company's competitiveness and operational flexibility. This strategic reset is designed to ensure market resilience and long-term sustainability amidst shifting global economic conditions.

The strategy focuses on four key pillars: brand reinforcement, a multi-powertrain approach, closer collaboration with partners, and strict financial discipline. By integrating its UK and China operations into a single entity, Lotus plans to unify its brand governance and streamline engineering processes for future vehicle development.

Key Highlights

• New Hybrid Tech: The company introduced its proprietary X-Hybrid technology, debuting in Europe in Q4 2026. The Eletre X model has already seen strong initial demand in China.
• New Supercar: Lotus confirmed the Type 135, an all-new hybrid-V8 supercar expected in 2028 with over 1000PS.
• Core Strategy: A 60:40 volume mix between PHEV and BEV is targeted for its electrified portfolio, moving toward full electrification based on customer needs.
• Financial Goals: The company is targeting a sales ramp-up to 30,000 units annually to achieve sustained profitability, with a continued emphasis on personalization.

Lotus remains committed to its performance DNA, ensuring that all productsregardless of the powertrainadhere to principles of lightweight design, aerodynamics, and driver engagement. The Emira sports car will continue to be a significant part of the portfolio, with updates planned for the near future.