Lotus delivered fewer than 7000 cars and posted a net loss of $750 million (£594m) in 2023 but says it remains on track to achieve its ambitious transformation objectives over the coming years.
In its first earnings report since going public in February, the company said it is making "steady progress" towards the aims of its Vision80 business strategy – under which it plans to crack 150,000 annual sales a year by 2028.
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They will never make150k sales a year, I suspect they will struggle to make 50k, the demand just isnt there and EV sales are slowing.