Lotus Tech Growth Strategy

1 EARLY MOVER IN THE MODERN SUSTAINABLE LUXURY BEV MARKET Lotus Tech's target price segment is the largest volume contributor in the luxury BEV segment... Customers within the luxury segment who would like to switch from ICE to BEV are faced with the lack of product offerings Lotus Tech's first mover advantage perfectly addresses such market opportunity Lotus Tech's target price segment (US$80-149k) is the largest volume contributor in the luxury BEV segment... Global car market (BEV) sales volume by price band (unit, k) ...and is strategically positioned in all key regions that drive fast growths Global luxury car market (BEV) sales volume by region (unit, k) Luxury >US$150k US$80-149k <US$80k 38,880 CAGR ('21A-'31E) China Europe (1) U.S. ROW 280 46% BEV CAGR 24% 1,649 34% Luxury BEV CAGR 35% CAGR ('21A-'31E) 1,929 579 46% 733 36% Lotus Tech targets the largest price segment (>85%) within global 4,700 424 29% 36,951 23% 85 93 luxury BEV market in the next 14 35 decade 4,607 193 33% 33 11 2021A 2031E 2021A 2031E Source: Oliver Wyman, LLC Note: 1. UK included Key target of Lotus Tech 22 LOTUS TECH

View entire presentation