Lotus Technology (LOT) has released an update.
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Lotus Technology has reported impressive growth in its financial results for the first nine months of 2024, with vehicle deliveries surging 136% year-on-year to over 7,600 units. The company’s total revenue more than doubled to $653 million, driven by strong sales in Europe and the introduction of innovative technologies like the Hyper Hybrid EV. Despite the revenue growth, Lotus faced a net loss of $667 million, reflecting increased operational costs.
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