Business UpdateMay 11, 2026, 07:32 PM
Lotus Tech Unveils Focus 2030 Strategy; New Hybrid Supercar
AI Summary
Lotus Technology Inc. announced its "Focus 2030" business strategy, aiming to enhance competitiveness and transform into a more flexible and sustainable model. The strategy is built on brand reinforcement, a multi-powertrain approach, close partner collaboration, and financial discipline. Key product developments include the launch of proprietary X-Hybrid technology in Europe by Q4 2026, with over 1,000 orders already in China for Eletre X, and the unveiling of the Type 135 hybrid-V8 supercar in 2028. The company targets 30,000 annual sales units for sustained profitability and plans to integrate Lotus UK and Lotus Tech into a single entity.
Key Highlights
- Lotus Tech unveils "Focus 2030" business strategy with four core pillars.
- New proprietary X-Hybrid performance technology to launch in Europe in Q4 2026.
- Eletre X received over 1,000 orders in China in its first month.
- Type 135, an all-new hybrid-V8 supercar with over 1000PS, confirmed for 2028 delivery.
- Company targets an approximately 60:40 mix between PHEV and BEV volume in its electrified portfolio.
- Lotus aims for a steady ramp-up to 30,000 annual sales units for sustained profitability.
- Planned integration of Lotus UK and Lotus Tech into a single entity to unify the brand and streamline governance.