What’s Happening: Lotus Technology Inc. (“Lotus Tech”), a leading luxury electric vehicle manufacturer, has marked a major milestone with the first delivery of its fully electric hyper SUV, the Eletre. The company held a delivery ceremony at the Shanghai International Circuit F1 track, coinciding with the Lotus brand’s 75th anniversary.
Why It Matters: This first delivery signifies a crucial step in Lotus Tech’s evolution as it aims to become a global leader in advanced, fully electric, intelligent, and sustainable luxury mobility solutions. With over 5,000 Eletre orders worldwide as of January 31, 2023, this development highlights the growing demand for electric vehicles, particularly in the luxury segment.
Key Points:
- The Eletre represents the culmination of 75 years of Lotus racing heritage and engineering expertise, packaged in a luxury lifestyle vehicle.
- It boasts innovative technologies such as fully embedded L4-ready hardware and the world’s first deployable LiDAR system.
- Powered by Lotus’s proprietary 800-volt Electrical Performance Architecture, the Eletre delivers a sportscar-like experience and supports the company’s 420-kilowatt supercharging solution.
- Lotus Tech plans to expand Eletre deliveries across China, with further rollouts scheduled for the UK and EU later in the year. The company is also planning future deliveries to the U.S. and other global markets.
Bottom Line: The delivery of the first Eletre electric hyper SUV demonstrates Lotus Tech’s commitment to transforming the brand into a global electric car powerhouse. As a pioneer in luxury automobile decarbonization, the company aims to lead the industry towards a more sustainable future. Lotus Tech’s CEO, Qingfeng Feng, emphasized the importance of the Eletre in this transformation, stating, “Eletre is a crucial part of our plan to transform Lotus into a truly global electric car brand.”
