Lotus has become the latest brand to backtrack on its intention to go electric-only, as it’s now announced plans to introduce a new plug-in “Hyper Hybrid” powertrain in response to changing market demands. According to Lotus: “The Hyper Hybrid technology enables high performance, high efficiency and a flexible longer driving distance of over 1,100 kilometres… Continue reading Lotus backtracks on electric-only plan in favour of new ‘hyper hybrid’ tech
Tag: Lotus
@Geely: Global News Thu 21 Nov 2024Lotus Technology Reports Unaudited Third Quarter and First Nine Months 2024 Financial Results
Over 7,600 vehicles delivered in the first nine months of 2024, a year-on-year increase of 136% Total revenue reached $653 million, more than doubled year-on-year Revenue of intelligent driving business from customers other than Lotus surged to $11 million with a year-on-year growth of 450% Launched Hyper Hybrid EV technology that provides high-performance with a… Continue reading @Geely: Global News Thu 21 Nov 2024Lotus Technology Reports Unaudited Third Quarter and First Nine Months 2024 Financial Results
Lotus embraces EREV hybrids as it axes all-electric plan
Lotus will produce hybrid versions of future models in response to the continued reluctance of luxury car buyers to move to EVs. The switch, confirmed by the brand’s CEO to reporters at recent Guangzhou motor show in China, means the brand is tearing up its current plan to go all-electric by 2028. Lotus will develop… Continue reading Lotus embraces EREV hybrids as it axes all-electric plan
Photodynamic Therapy Market to Grow by USD 2.35 Billion (2024-2028), Driven by Rising Cancer Prevalence, AI-Powered Report Highlights Market Trends – Technavio
NEW YORK, Nov. 14, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global photodynamic therapy (PDT) market size is estimated to grow by USD 2.35 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.69% during the forecast period. High prevalence of cancer is driving… Continue reading Photodynamic Therapy Market to Grow by USD 2.35 Billion (2024-2028), Driven by Rising Cancer Prevalence, AI-Powered Report Highlights Market Trends – Technavio
Mercedes-AMG confirms the development of an all-electric super SUV
Mercedes-AMG has confirmed the development of an all-electric super SUV, which will be underpinned by its own AMG.EA platform. The new model will rival the Lotus Eletre, the upcoming Porsche Cayenne electric and the BMW XM hybrid. Super SUV to be wholly developed by AMG Just as the XM was developed from the ground up… Continue reading Mercedes-AMG confirms the development of an all-electric super SUV
Lotus cuts another 200 jobs citing lack of market demand
Lotus has confirmed a new wave of redundancies, with up to 200 jobs expected to be impacted. The move follows significant job cuts in July 2023 and January this year. The Norfolk-based sports car manufacturer says it is still focused on delivering customer cars and “fulfilling our order book”. In a statement made to Auto Express,… Continue reading Lotus cuts another 200 jobs citing lack of market demand
Analogue Automotive Supersport
You can understand why it happens. You’ve been developing an extra-special, old-car-made-new restomod sports car, resplendent with engine and suspension componentry exotic enough to salivate over. Countless workshop man hours will be poured into the painstaking renovation of every example. And then, one day, you realise what you’re going to have to charge for it.… Continue reading Analogue Automotive Supersport
Lotus cars to open its first India showroom this month
A few months after entering the Indian market, Lotus Cars is set to open its first showroom here. The Lotus Centre, located at the World Trade Centre in New Delhi, is done up in Lotus’ colours and styled like any other Lotus Centre in the world. Underlining the significance of the showroom, Satya Bagla, MD… Continue reading Lotus cars to open its first India showroom this month
This battery pack makes Tesla Roadster 400 lbs lighter, but it ain’t cheap
A battery pack manufacturer has released a new solution for Tesla Roadster with aging battery packs. It would slash the car’s weight by about 400 lbs, but it’s not cheap. In many ways, the Tesla Roadster sparked the electric vehicle revolution. It was the first commercially available consumer EV with lithium battery cells – enabling… Continue reading This battery pack makes Tesla Roadster 400 lbs lighter, but it ain’t cheap
Pinnacle Mergers & Acquisitions Represents Corwin Automotive Group in the Purchase of Groove Honda in Colorado Springs, CO
SOUTHLAKE, Texas, Nov. 4, 2024 /PRNewswire/ — Pinnacle Mergers & Acquisitions, a nationwide auto dealership brokerage firm, has recently completed another successful transaction in the Colorado automotive market in representing Corwin Automotive Group in the purchase of Groove Honda in Colorado Springs. The dealership will operate under the new name of Corwin Honda. Bill Scrivner, founder… Continue reading Pinnacle Mergers & Acquisitions Represents Corwin Automotive Group in the Purchase of Groove Honda in Colorado Springs, CO