EV firm Lotus Technology rises on first-quarter revenue jump

Lotus Technology

29/05/2024 14:35

(Updates)
    ** EV firm Lotus Technology's  LOT.O  shares rise 6.8% to
$11.64 in morning trade
    ** Co's Q1 revenue rose 811% to $173 mln from a year earlier
    ** Co says it delivered a total of about 2,194 vehicles in
Q1, compared with 264 deliveries a year earlier
    ** Markets outside China contributed more than 75% of its
deliveries in Q1 - LOT
    ** Up to last close, stock up ~1% YTD

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))