Laura's questions to Lotus Technology Inc (LOT) leadership • Q4 2024
Question
An analyst named Laura asked about the revenue contribution from the ADAS business, guidance updates, and new design wins. She also inquired about the margin trajectory and any mitigation plans for tariffs, such as changes to production arrangements.
Answer
CFO Daxue Wang stated that revenue guidance for 2025 is pending board approval and that the robotics division achieved $22 million in revenue from external customers with high margins. He expects gross profit margin to improve in 2025 due to a better cost structure. CEO Feng Qingfeng added that due to high U.S. tariffs, the company has stopped exporting its China-produced lifestyle vehicles to the U.S., though U.K.-produced sports cars are currently unaffected.