New York – April
22, 2024 Lotus
Technology Inc. (“Lotus Tech” or the “Company”), a leading global luxury
electric vehicle maker has today released a new video, showcasing its
transition to sustainable mobility. With an ambition of "Driving
Change" and commitment to electrification, Lotus Tech aims to achieve
carbon neutrality by 2038 and achieve a 100% electric product portfolio by
2028.
Featuring insights from the Chairman of
Lotus Tech's ESG Committee and the ESG team, the video highlights the Company's
mission and its interpretation of sustainability, along with the current
progress and achievements in areas such as sustainable vehicle design,
eco-friendly materials, electric
product line-up, and more.
Alexious Lee, ESG Committee Chairman of Lotus
Tech, said: “At
Lotus, we know we have a responsibility to play in the global transition to net
zero emissions. That’s why, in 2018, we launched Vision80, our strategy to
transform the business into an all-electric global mobility provider in ten
years. But we know electrification is not enough. We must consider the whole
life cycle impact of producing a car. From manufacturing and production, to
charging and to its end life. We're on a journey to build a business that benefits
the planet and committed to showing our progress along the way.”
Lotus first announced its Vision80
strategy in 2018 to transform to a global all-electric luxury technology brand
by 2028. It has spent the last six years bringing together over 75 years of
expertise in engineering and performance, with cutting-edge technologies, to
develop electric vehicles that are designed to set a new standard for
automotive excellence.
As part of its long-term business
objective, Lotus has launched a range of electric vehicles designed to
accelerate the transition to electrification including the electric hypercar,
Evija; its first electric hyper-SUV, Eletre; and its first electric hyper-GT,
Emeya.
Lotus has also developed its own
cutting-edge technologies, designed to improve the charging infrastructure
globally and further increase electric vehicle adoption. This includes its own
fast charging solutions including an ultra-fast 450kW DC charger, and solar
storage supercharging solutions to maximise green energy utilisation.
Lotus Tech has published
its first ESG report last year,
which outlines its commitment to reaching carbon neutrality by 2038, two years
before The Climate Pledge. The Company is a member of the United Nations Global
Compact (UNGC) and supporter of the International Sustainability Standards
Board (ISSB) and has aligned its actions in line with the United Nations
Sustainable Development Goals.
To achieve its ambition of carbon
neutrality, Lotus promotes renewable energy use and other sustainable practices
for the Lotus Global Smart Factory, which is owned by Geely for the production
of Lotus’ lifestyle electric vehicles and has been consciously designed with
sustainability at its core. Current measures already implemented
include collecting and using the rainwater collected in the lake onsite for
operations, such as vehicle washing. This aims to save approximately 35,000
cubic meters of water each year. The factory also has a photovoltaic power
station on site, which has an annual capacity exceeding 16 GWh.
Lotus has also consciously designed its
next-generation electric vehicles including Eletre and Emeya with advanced
sustainable materials that are also sustainably sourced. The Company is also
measuring its greenhouse gas emissions on a frequent basis across its product
and operations, as part of its advanced carbon emissions management systems.
To learn more about ESG at Lotus Tech,
please visit www.group-lotus.com/esg
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