Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, today announced that Geely International (Hong Kong) Limited (“Geely”) exercised its put option on April 14, 2025, requiring us to purchase 51% of the equity interests in Lotus Advance Technologies Sdn Bhd (“Lotus UK”) held by Geely pursuant to the Put Option Agreement dated January 31, 2023 between the parties.

• The Lotus 97T returns to Estoril, exactly 40 years after Ayrton Senna's first Formula 1 victory.
• Ayrton's nephew, Bruno Senna, will drive the car in tribute of this historic moment.
• The Lotus 97T was a pioneering race car, featuring innovations such as early bargeboards, which remain a staple of modern F1 aerodynamics.
• This will be a celebration of the turbocharged era of racing, showcasing the lasting impact of Lotus innovations in Formula 1 history.

• New ‘600’ and ‘900’ model naming reflects electrifying power output
• Historic GT, GT SE and Sport trim level names return
• Revised line-up offers customers convenient choice in luxury and tech or pronounced sportiness
• New model range, impressive performance, ground-breaking charging performance
• Available to order now, debuts this summer at Lotus retailers

• Lotus will showcase its design philosophy through a curated exhibition featuring the all-electric Lotus Emeya
• The exhibition will include a collaboration with renowned architect and designer, Fabio Novembre and will focus on exploring human-centric design and innovation
• The iconic Lotus Esprit S1, celebrating its 50th anniversary, will be on display and will form part of the Lotus D.N.A story

• 'Team Lotus' is a global community, bringing together passionate racers, fans, and partners who share a love for motorsport

• CaoCao Mobility has launched a new autonomous driving platform for ride-hailing, which will be powered by Lotus Robotics’ end-to-end intelligent driving solutions.
• The technology is being piloted in Suzhou and Hangzhou in China today.
• Lotus Robotics technology is being rolled out globally, with the company introducing new features including including its high navigation precision software in Europe in Q4 2025.

• As a proud creator of new luxury experiences, Lotus will make its Art Basel Miami Beach debut with its ‘Lotus Lounge’ pop-up experience, open to the public at The W Hotel, South Beach – located in the heart of this year’s activations.