Lotus Posts Record H1 2023

Ken Zino of AutoInformed.com on Lotus Posts Record H1 2023

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Lotus today in London claimed it had a record-breaking 2023 first half. The Chinese-owned firm said production of its hyper-SUV, Eletre, ramped up this year in its first all-electric vehicle factory in Wuhan, China. Customer deliveries began in China at the end of March. (AutoInformed: Lotus Eletre SUV EV at Goodwood; Chinese Hyper EV – the Lotus Eletre SUV Debuts; Lotus Elise, Exige, Evora Production Ends)

“We set an ambitious goal in 2018, with the launch of our Vision80 strategy to transform the business from a traditional automotive brand to become an all-electric, luxury, mobility provider in ten years,” said Feng Qingfeng, CEO of Lotus Group.

Lotus said it expects to deliver Eletre to UK and European customers later this summer. Lotus expanded its global retail network to 193 stores, opening 24 new outlets during the first half of 2023.

“We have spent the last few years laying the foundations for success and today’s announcement demonstrates that Lotus is no longer the same business that it has been in previous years. We are firmly on track to becoming a global performance brand by 2028,” said Qingfeng.

About Ken Zino

Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
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