How Lotus Tech plans to stand out in the EV space
02/24/2024 01:57
Luxury EV maker Lotus Technology (LOT) is making its debut on the Nasdaq via a SPAC. Lotus Technology CFO Alexious Lee tells Yahoo Finance the move will help the company execute it's strategy and help it grow. Lee explains that the company currently has four models available in Asia: two sports cars, a sedan, and an SUV. The Lotus Eletre SUV, he says, will begin to be delivered in the US in the third quarter of 2024. Lee says that "different markets have different strategies and different product offerings" and that the company plans to expand to even more markets. Watch the video above to hear what Lee has to say about the SPAC and its efforts to reach the luxury consumer. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich.
Luxury EV maker Lotus Technology (LOT) is making its debut on the Nasdaq via a SPAC. Lotus Technology CFO Alexious Lee tells Yahoo Finance the move will help the company execute it's strategy and help it grow.
Lee explains that the company currently has four models available in Asia: two sports cars, a sedan, and an SUV. The Lotus Eletre SUV, he says, will begin to be delivered in the US in the third quarter of 2024. Lee says that "different markets have different strategies and different product offerings" and that the company plans to expand to even more markets.
Watch the video above to hear what Lee has to say about the SPAC and its efforts to reach the luxury consumer.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Stephanie Mikulich.