Tom Lee's questions to Lotus Technology (LOT) leadership • Q4 2024
Question
Tom Lee from Capital Sunrise asked about the company's current cash burn and financial runway, any significant financing plans for the next six months, and the rationale behind recent executive leadership changes.
Answer
CFO Daxue Wang acknowledged a cash gap that the company is addressing through operational, investment, and financing activities, advising investors to monitor company announcements. CEO Feng Qingfeng detailed the recent management changes, emphasizing the new CFO's capital markets expertise and the new Head of China Sales' successful track record with luxury brands, underscoring the team's collective experience in the luxury sector.