Lotus Tech Growth Strategy

SIGNIFICANT TOPLINE GROWTH EXPECTED GIVEN TOTAL MARKET OPPORTUNITY AND ATTRACTIVE MARGIN PROFILE Revenue CAGR 2023E-2025E ~150.0% 28.4% ~21-23% 21.5% 23.2% ~18-20% Gross margin 2024E/2025E EBITDA margin 2025E >5.0% 125.7% (15.4%) 21.0% 79.8% 39.3% 8.5% 17.2% 14.7% 15.0% 8.1% 8.3% (10.2%) 2024E LOTUS T LUCID 2025E Source: Company information, Lotus management estimates, FactSet as of 21 July 2023 BEVS 0.8% 1.6% 51.2% 51.9% 39.2% NIO Ferrari 12.4% 6.5% 38.7% 36.2% 28.3% 28.1% 25.7% 24.5% Luxury OEMs ASTON MARTIN 49 LOTUS TECH

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