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.