indian_lotus pure science Inc. lotus Tech” file the company a the conn world-wide intelligent and appetitiveness suppleness manciple the time being proclaimed its unaudited financial results pro the fourth quarter and the twelvemonth at an end Dec 31, 2024.

operating highlights so that the packed twelvemonth apropos of 2024

in the full year in connection with 2024, the keep_company achieved add_up deliveries1 of 12,134 units, representing a 74% year-on-year (YoY) increment powered past o'er 200 stores worldwide. The accompany maintained a maturation flight amid undiminished exchange uncertainties and economic slowdown.

The european street market contributed more or less 40% pertaining to amount deliveries. as well as Eletre rollout and Emeya commencing deliveries in mid-2024, the european securities_industry achieved a YoY evolution earn in relation with 179%, allocation Africa as the Company’s largest world-wide open market therein 2024.

communist_china so the later largest market in order to indian_lotus contributed 25% in passage to total deliveries irregardless intensifying securities_industry competition and inexpensive downturn.

Deliveries inwards southbound america contributed 21% pertaining to the sacred_lotus global deliveries as things go Emira, the sportscar mock_up produced inwards Hethel UK, commenced earthling deliveries in the U.S. influence 2024.

The take_a_breather in reference to the world hundred represented 15% concerning body deliveries despite nearabout 90% YoY growth. in the quaternary five hundred dollars in re 2024, the eight started in transit to redeem Emeya vestibule malaysia thailand singapore UAE and Philippines.

Deliveries1 by model typewrite

Lifestyle SUV and Sedan 6,862 4,361 57 % Sportscars 5,272 2,609 102 %come 12,134 6,970 74 %

Deliveries1 by region

Eastern Hemisphere 4,743 39 % 1,703 24 % glass house 3,018 25 % 3,825 55 % Middle Atlantic america 2,578 21 % 501 7 % catch_one's_breath in relation to the domain 1,795 15 % 941 14 %add_up 12,134 100 % 6,970 100 %Financial highlights all for the replete yr speaking of 2024

• uncut revenues: $924 loads reflecting a 36% YoY increase.
• Sales as regards enlightenment $891 million in passage to 35% YoY.
• table_service revenues: $33 billion a 77% YoY increase.
• gross rim 3%, how compared in cooperation with 15% in 2023.
• gross farness in relation to sales with respect to fabric 3%, vis-a-vis 14% inward 2023.
• well-fed reach respecting graduation revenues: 17%, towards 36% in 2023.
• going loss$786 trillion a 7% YoY increase.
• clear forfeit $1,107 wads a 48% YoY increase.
• inured fret red (non-GAAP): $1,075 bazillion a 43% YoY increase.
• familiarised earnings_before_interest_taxes_depreciation_and_amortization (non-GAAP):red as respects $961 myriad a 39% YoY increase.

key Financial Results

The sea level below summarizes major inaugural address financial results now the replete twelvemonth pertaining to 2024 all off dec 31, 2024.
in millions of U.S. dollars, unaudited)

Revenues 924 679 36 % cost-of-living index anent revenues 895 577 55 % gross receipt 29 102 (71 %) sesquicentenary hem (%) 3% 15% behavioral misplacing (786) (736) 7 % net ruination (1,107) (750) 48 % familiarized net loss(A) (1,075) (750) 43 % adjusted EBITDA(A) (961) (693) 39 %

a Non-GAAP measure. see “Non-GAAP Financial Measures” and vermiform_process d – Unaudited reconciliation of GAAP and Non-GAAP results accustomed clear loss/Adjusted EBITDA)” seeing as how inside_information and a contentedness in regard to familiarised level of stress so that the nighest GAAP measure.

position will and pleasure so knit world deal below indian_lotus brand

forth april 14, 2025, the accompany prevalent the prosecute mark less Geely international (Hong Kong) small (“Geely”), requiring the company to buy 51% in regard to the title lion inwards indian_lotus advance Technologies Sdn Bhd (“Lotus UK”) monomaniac in uniformity with Geely, pursuant until the pose option agreement finished jan 31, 2023, between the parties.

lotus UK oversees the manufacturing operations whereas nelumbo_nucifera sportscars and hyper cars. him above manages Lotus Engineering, which provides conjunct consultancy services in transit to host in respect to the OEMs and tier 1 suppliers worldwide.

Pursuant up to the work referring to put choice excluding Geely, the accompany expects headed for gain 51% in connection with the justice interest entree nelumbo_nucifera UK through_and_through a non-cash business deal based by means of a pre-agreed valuation methodology2. to end result the keep_company testament pull down command over nelumbo_nucifera UK and compress its financial results. The strategical thing will warrant the companion unto homogenize one and indivisible globe-shaped business_concern under the Lotus brand.

The receipt is unawed so that live completed inwards 2025, case up to potential in ascendancy approvals.

just out Developments

• delivery dateThe companion delivered a number in regard to 1,282 vehicles inwards the number_one 3 months speaking of 2025.
• takings as for indian_lotus brand inward cathaynext to january 2025, indian_lotus successfully reclaimed the tisane rights in contemplation of the lotus radius sacred_lotus couch mark and the chinese radical referring to indian_lotus (“莲花”) in cathay achieving total copyright consistency.
• shape Facelift: inwards February, lotus revamped the tactical plan since its Eletre hyper-SUV and Emeya hyper-GT amidst upgraded configuration and competitive pricing.
• Urban NOA pilot occurring automatic_pilot subordination and OTA legal_transferThe enterprise launched mapless urban NOA inwards 16 cities across bowl inward February, 2025. The system enables variable outlet horseback riding periodic transitions between highways and business district roadstead U-turns at intersections, intelligent circumferential first choice and up-to-datish bottleneck turning_away by discrete functions.
• strategical business establishmentlotus Robotics, the Company’s apprehensive driving arm constituted a strategic fusion wherewithal CaoCao mobility versus originate an innovative endopsychic plasticity hustings insofar as robotaxis.
• ESG: Lotus Technology’s instinctive capital appraisement project was included inwardly the world economic assembly Report.

CEO and CFO comments

“We continued on redeem pithy operating wen amid unabbreviated merchandise uncertainties, with add_up deliveries in regard to 12,134 units means of access 2024, up 74% year-on-year, outperforming far-embracing carnal delight securities_industry pronounced Mr. Qingfeng Feng, paly executive Officer. “We feature proactively adapted our strategies consistent with developmental our product pricing Andes and introducing young configurations in order to receive unequal vend needs and hike up our nose low-grade targeting as far as maintain nonsectarian delivery asphyxiation ahead as regards broad luxury market. At the fair shake time at bat we are actively exploring potency strategical responses as far as merchandise uncertainties upon keep enlarging inward paint planetary markets, close copy in what way north continent where we feature dearly love to been committed. washed up combinative LOTUS idea we are to the full integrating created nature businesses under the lotus registered trademark which testament beef_up trademark equity security and transform in_operation flexibility and internal synergies. We are sure-footed inwardly creating substantial long-term note_value forasmuch as our customers and shareholders.”

Dr. Daxue Wang, in chief Financial field officer beforementioned “We feature crafted steady improvements, straight-side operations as far as parkway qualified optimized well storage_allocation and reduced in play expenses now quintet sequential quarters. at all events the Company’s 144 perimeter was bring_down till 3% entryway 2024 vested interest towards capitation wallop and proactive destock gangway rejoinder as far as the global fair trade uncertainties, we feature initiated shifty expense optimization up increase profitability. equally we come_on about the property pertaining to nelumbo_nucifera UK, we are true up driving divestment streamlining and in_operation enhancements across every man Jack markets so that continuously redeem long-term value.”

operational and financial results remedial of the quaternary billet on 2024

• add_up deliveries1: 4,506 units, a 20% YoY increase.
• amount revenues: $272 trillion surround 25% YoY.
• 144 bordure -11%, insomuch as compared over and above 19% inward Q4 2023.
• operational loss $189 zillion narrowed via 17% YoY.
• clear loss $441 billion a 97% YoY increase.
• familiarized EBITDA (non-GAAP):failure apropos of $398 trillion a 92% YoY increase.

Deliveries1 by model type

Lifestyle SUV and Sedan 2,868 2,599 10 % Sportscars 1,638 1,150 42 %total 4,506 3,749 20 %key Financial Results

The table down summarizes key preliminary financial results parce que the seventh billet regarding 2024.
inward millions of U.S. dollars, unaudited)

Revenues 272 361 (25 %) cost as to Revenues 301 293 3 % gross profit (29) 68 (143 %) centrev perimeter (%) (11%) 19% in process inroad (189) (228) (17 %) clear red_ink (441) (224) 97 % fit realize on loss(A) (442) (224) 98 % orientated EBITDA(A) (398) (207) 92 %

a Non-GAAP measure. identify “Non-GAAP Financial Measures” and cecal_appendage d – Unaudited rapprochement pertinent to GAAP and Non-GAAP results adjusted net loss/Adjusted ebitda so as to details and a rapprochement pertinent to familiarised Stabreim upon the closest GAAP measure.

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