Lotus Technology Inc. (Nasdaq: LOT) Releases 2024 ESG Report Showcasing Progress in Sustainable Innovation and Clean Mobility Leadership
Lotus Technology Inc. (“Lotus Tech” or the “Company”), a leading global provider of intelligent and luxury mobility solutions, has published its 2024 Environmental, Social, and Governance (ESG) Report. The report outlines the Company’s significant strides in sustainable development, innovative green technologies, and its continued role as a global leader in clean mobility. The report was independently audited by TÜV NORD, a globally recognized agency for inspection, testing, and certification.
“Our 2024 ESG Report demonstrates Lotus Tech’s unwavering commitment to sustainability and our vision for a better, greener future,” said Dr. Daxue Wang, Chairman of the ESG Committee at Lotus Tech. “By integrating cutting-edge innovation, responsible production, and global collaboration, we are delivering impactful solutions to help shape a more sustainable world.”
Highlights from the 2024 ESG Report:
- Innovative Green Products: Lotus Tech introduced its first concept vehicle, Theory 1, emphasizing sustainable design, material efficiency, and advanced technology. Unlike traditional automotive models that incorporate around 100 A-surface materials, Theory 1 follows the “Challenge of 10” initiative, using just ten primary A-surface materials known for their performance, lightweight structure, and environmental sustainability.
- Green Manufacturing Leadership: The Company’s Lotus Global Smart Factory earned the prestigious “Leading-Zero Carbon Factory” certification. This recognition highlights the factory’s success in achieving carbon neutrality and implementing sustainable manufacturing practices.
- Global Sustainability Engagement: Lotus Tech continues to engage actively in global climate initiatives. In 2024, the Company contributed to the World Economic Forum’s Nature Positive Transitions Report series, reinforcing its commitment to advancing climate action on an international scale.
Additionally, Lotus Tech’s sustainability efforts have been widely recognized. The Company received the Reuters Sustainability Award and the EU Chamber of Commerce Sustainable Business Award in 2024, celebrating its achievements in responsible business operations and environmental stewardship.
About Lotus Technology Inc.
Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle battery electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalisation.
