George Tang's questions to Lotus Technology Inc (LOT) leadership • Q4 2024
Question
George Tang from Alison Capital asked for guidance on how the put option to acquire Lotus U.K. will impact the company's financials, particularly its debt-to-asset ratio. He also questioned Lotus's U.S. market strategy amid political tensions and asked for a 2025 sales target for the region.
Answer
CFO Daxue Wang clarified that the put option exercise is a non-cash transaction that will not create a cash burden, with further details to be released upon completion. CEO Feng Qingfeng stated that the U.S. market is tougher due to tariffs on lifestyle vehicles, but the plan for sports cars is largely unchanged. He confirmed the U.S. remains a priority and that the company is exploring solutions, including potential U.S.-based manufacturing.