Lotus Tech Growth Strategy

GEELY HAS A PROVEN TRACK RECORD IN TRANSFORMING AND ACCELERATING THE GROWTH OF AUTO BRANDS Geely's auto brand development track record 2004 Geely Auto - the first Chinese automaker listed on HKEX Examples of growing and accelerating auto brands 2016 Unveiled high-end Lynk & Co brand 2017 LYNK&C Acquired 8.2% stake and 15.6% voting rights in Volvo AB and became the single largest shareholder 2010 Acquired 100% of Volvo Car Corporation from Ford Motor Company Sales volume (unit, k) VOLVO O 2017 Acquired 51% stake in Lotus 374 2018 VOLVO VOLVO GROUP Founded Polestar with Volvo 2019 polestar Formed JV with Daimler to own, operate and develop Smart smart Mercedes-Benz 2021 Acquired 34% stake in Renault Korea RENAULT 2022 Lotus Tech launched Eletre, its first lifestyle luxury BEV¹ SUV LOTUS LOTUS Chairman Eric Li acquired 9.7% stake in Daimler AG and became the single largest shareholder 2010 Mercedes-Benz Sales volume (unit, k) 2020 Launched SEA¹, world's first open-source BEV architecture that sets the foundation of Lotus Tech's EPA¹ platform development LOTUS 2021 Established BEV-focused subsidiary Zeekr 6 VOLVO Sales volume (unit, k) 615 1.6x 2022 L\N(&C3 180 30.0x 10 polestar 52 5.2x 20202 2022 Sales volume (unit, k) ZEEKR 6 72 12.0x ZEEKR 20172 2022 20212 2022 Source: Geely company filings, news releases, public information 1. BEV: Battery Electric Vehicles; SEA: Sustainable Experience Architecture; EPA: Electrical Performance Architecture 2. Initial delivery year; Polestar started delivery in July 2020; Lynk & Co started delivery in December 2017; Zeekr started delivery in October 2021 8 LOTUS TECH

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