Priya Patel
TLDR:
- Lotus Technology celebrated its public listing on Nasdaq under the ticker symbol “LOT.”
- The company aims to become a leading luxury electric vehicle maker under the brand’s Vision80 strategy.
Lotus Technology Inc. recently marked a significant milestone by celebrating its public listing on Nasdaq, trading under the ticker symbol “LOT.” The company, a global luxury electric vehicle maker, completed its business combination with L Catterton Asia Acquisition Corp, a special purpose acquisition company, on February 22, 2024. The listing on Nasdaq will allow Lotus Technology to further its mission of becoming an advanced, fully electric, intelligent, and sustainable luxury mobility provider.
Celebrating this achievement, Lotus Tech CEO Feng Qingfeng highlighted the importance of this moment and expressed gratitude to shareholders, partners, suppliers, employees, and customers for their support. The company is positioned to capture opportunities in the rapidly growing luxury EV market and expand its global distribution network. By 2027, Lotus Technology aims to become the first traditional luxury auto brand with a 100% electric product portfolio.
The bell-ringing ceremony at Nasdaq was a symbolic moment, showcasing the company’s commitment to innovation and sustainability in the automotive industry. With a focus on next-generation automobility technologies, Lotus Technology has already introduced high-performance models like the Eletre hyper-SUV and Emeya hyper-GT, with plans to launch two more luxury battery electric vehicles in the coming years.
Through its Nasdaq listing, Lotus Technology is set to accelerate its growth and reach more customers worldwide. The company’s strategic partnership with LVMH and its dedication to R&D in electrification and digitalization position it as a leader in the luxury EV market. The successful public listing on Nasdaq marks the beginning of an exciting chapter for Lotus Technology as it continues to innovate and shape the future of electric mobility.
