Tom Lee's questions to Lotus Technology Inc (LOT) leadership • Q4 2024
Question
Tom Lee from Capital Sunrise inquired about the company's current cash burn, financial runway, and whether any significant financing could be expected in the next six months. He also asked for the rationale behind recent management shifts.
Answer
CFO Daxue Wang acknowledged a cash gap and confirmed the company is actively speaking with potential investors, advising to watch for future announcements. CEO Feng Qingfeng detailed the recent management changes, highlighting the extensive experience of the new CFO, Daxue Wang, and the new President of China Sales, Tim, to strengthen the team's luxury brand management capabilities.