On the evening of November 21st, Lotus (LOT. US) announced its financial report for the third quarter of 2024. From January to September, Lotus delivered a total of 7617 vehicles, a year-on-year increase of 136%. In addition, the company's total revenue for the first nine months was 653 million US dollars, doubling year-on-year.
Specifically, Lotus has a diversified distribution of delivery ratios in its major global markets, with over 200 high-quality stores worldwide. From January to September, each region accounted for 18% to 35% of the total delivery volume. The European market continues to expand, with a year-on-year increase of 372% in delivery volume from January to September. As the company steadily expands into new markets, delivery volumes in other parts of the world have increased by 110% year-on-year.
It is reported that in the third quarter of 2024, Emira will begin deliveries in South Africa and India, while Eletre will begin deliveries in Japan, South Korea, and the Philippines. The company has launched the Eletre Carbon high-performance model for the North American market, with delivery expected to begin in the first half of 2025. The high-end and limited editions of Eletre (SUV) and Emeya (GT, Sedan) will also begin delivery in the third quarter.
The reporter from China Business News noticed that Lotus continues to promote technological innovation to meet market demand. After launching the Theory 1 concept car that embodies the brand's future design philosophy, the company recently introduced the "Luyao" super hybrid technology. In addition to providing the inherent high-performance performance of the Lotus brand, this 900V super hybrid technology also features industry-leading dual supercharging technology and a comprehensive range of over 1100 kilometers, providing car owners with a high-quality driving experience.