Lotus Opens Orders for Eletre X Hybrid SUV in Mainland Europe
LOT sits 34% above its 52-week low of $1 on light trading volume (0.2× avg).
Summary
Lotus Technology has opened orders for its new Eletre X hybrid SUV in mainland Europe, with prices starting from €96,990. This vehicle introduces the company's proprietary X-Hybrid architecture, designed for extended range and ultra-fast charging. The launch follows the company's "Focus 2030" strategy and its recent expansion of the Eletre SUV into Canada. This operational progress is particularly important given the "substantial doubt about its ability to continue as a going concern" highlighted in its April 20-F filing. Customer deliveries for the Eletre X are anticipated to begin in Q4 2026.
At the time of this announcement, LOT was trading at $1.34 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $852.1M. The 52-week trading range was $1.00 to $2.75. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.