2 weeks Ago
Lotus Technology ( NASDAQ: LOT ) announced on Friday that it has recently obtained local homologation certification for the Eletre model and the Emeya model in the GCC region. The automaker said the development paves the way for deliveries of Eletre starting in the third quarter. The milestone was noted to mark an important step as the company continues to expand its presence in a region renowned for its passion for heritage luxury brands of automobile, racing DNA, and advanced technologies.
New Lotus showrooms and stores in prime locations across major cities will be available for customers to test-drive Lotus vehicles. Bespoke service will also be available for personalization and customization, catering to reservations for limited-edition models. "The GCC region has always been a key market for Lotus, given the brand’s long-standing racing heritage," stated Lotus Tech CEO Qingfeng Feng.
"This represents a significant step in our global expansion and resonates with our plan to bring award-winning models, with best-in-class driving experience and optionally equipped state-of-art technologies, to drivers who share the same passion as the brand," he added. Lotus Technology ( LOT ) already operations across the UK, the EU and China. The GCC region includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
Shares of Lotus Technology ( LOT ) moved 3.45% higher in premarket action on Friday..
