New York, October 25, 2024 — Lotus Technology Inc. (“Lotus Tech”), a global leader in intelligent and luxury mobility, has proudly received the Highly Commended honor in the Business Transformation category at the prestigious Reuters Sustainability Awards 2024. Recognized as one of the foremost accolades in the world, these awards spotlight exceptional achievements in sustainable business practices, celebrating companies across industries that drive impactful change.
The 14th annual Reuters Sustainability Awards were marked by a competitive field of over 700 entries globally, with only 30 honorees selected across 17 categories. Lotus Tech’s recognition stands out not only for its prestige but also as the singular representation from the automotive sector, affirming its unique leadership in sustainable innovation and its pioneering contributions to a cleaner, smarter mobility future.
The Business Transformation Award specifically highlights companies reshaping their business models to promote sustainability and resilience. Lotus Tech’s accolade underscores the success of its data-driven and transparent approach to Environmental, Social, and Governance (ESG) objectives, which has spurred systemic change within the company and across the luxury automotive landscape. The company’s commitment is deeply rooted in its ambitious Vision80 Strategy, launched in 2018, which laid the groundwork for Lotus Tech’s transition from a traditional carmaker to an intelligent luxury mobility provider.
Under Vision80, Lotus Tech has spearheaded the development and global distribution of three groundbreaking electric vehicles: the Evija hypercar, the Eletre SUV, and the Emeya GT sedan. These models exemplify Lotus Tech’s core principles of sustainable design, cutting-edge technology, and performance-oriented luxury. With each vehicle, the company has made notable strides in reducing environmental impact while delivering high-performance luxury to an eco-conscious global audience.
Chairman of the ESG Committee at Lotus Tech, Mr. Alexious Lee, expressed the company’s pride in receiving this recognition. “We’re truly honored to receive this accolade from the Reuters Sustainability Awards,” said Mr. Lee. “Our journey of transformation since 2018 has been remarkable, and this award strengthens our resolve to continue driving positive change for the next generation and our planet.”
This recognition highlights the strategic alignment between Lotus Tech’s sustainability objectives and its product innovation, serving as a powerful reminder of the company’s unwavering commitment to the future of sustainable mobility.
For more information on Lotus Tech’s ESG strategy and ongoing achievements, download the latest ESG report here.
As Lotus Tech advances, its dedication to a cleaner, smarter world serves as an inspiring model, demonstrating the potential for luxury mobility to harmonize with sustainable innovation and environmental responsibility.
