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Lotus Technology Inc. (Nasdaq: LOT) said it has reached two product milestones in North America and China, expanding its presence into additional premium electrified segments.
The company introduced the all-electric Eletre in Canada, positioning the model in the high-performance luxury SUV segment in North America. Lotus said pricing starts at $119,900 CAD and that the vehicle uses an 800V electrified architecture. The company added that it will continue building its presence across key Canadian cities as it develops the market.
At Auto China 2026, Lotus unveiled the Eletre X (known as For Me in China) Black & Gold Limited Edition, limited to 78 units to mark the brand’s 78th anniversary. Lotus said the model draws on its motorsport heritage and applies that legacy to a modern electrified context.
The company stated the Eletre X was developed through integrated engineering teams in the UK and China. It combines Lotus’ focus on chassis and driving dynamics with advanced electrified architecture, and is described as delivering both precision performance and extended real-world range.
“We are seeing growing demand from customers who are looking for something more distinctive in this segment—products that combine performance with a clear sense of character,” said Mr. Feng Qingfeng, Chief Executive Officer of Lotus Tech. “Eletre and Eletre X reflect our confidence in that demand. They bring Lotus engineering into a new category while maintaining the qualities that define the brand—precision, control and a focused driving experience. We are executing against our long‑term roadmap to deliver sustainable growth and shareholder value.”
Lotus said the launches support its broader development across premium electrified segments, extending the brand beyond its traditional sports car base while maintaining its core engineering identity.
Lotus Technology Inc. has operations across the UK, the EU and China. The company focuses on luxury lifestyle electric vehicles, with research and development in next-generation automobility technologies including electrification and digitalization.
The company noted that the press release includes forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. It said all information is as of the date of the release and that it does not undertake an obligation to update forward-looking statements except as required by applicable law.
For investor inquiries: ir@group-lotus.com
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