Lotus Cars SPAC Presentation Deck

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 2016 Unveiled high-end Lynk & Co brand LYNK&CO 2017 Acquired 8.2% stake and 15.6% voting rights in Volvo AB and became the single largest shareholder VOLVO Founded Polestar with Volvo polestar 2019 Formed JV with Daimler to own, operate and develop Smart Mercedes-Ben smart 2021 Acquired 34% stake in Renault Korea RENAULT 2022 Lotus Tech launched Eletre, its first lifestyle luxury BEV¹ SUV LOTUS 2010 Acquired 100% of Volvo Car Corporation from Ford Motor Company VOLVO 2017 Acquired 51% stake in Lotus LOTUS 2018 Chairman Eric Li acquired 9.7% stake in Daimler AG and became the single largest shareholder Mercedes-Benz 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 ZEEKR Examples of growing and accelerating auto brands Sales volume (unit, k) 374 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 2010 Sales volume (unit, k) 6 2017² 1.6x 30.0x VOLVO 615 2022 LINK & CO 180 2022 Sales volume (unit, k) 10 2020² Sales volume (unit, k) 6 2021² 5.2x 12.0x polestar 52 2022 ZEEKR 8 72 2022 LOTUSTECH

View entire presentation