Lotus Cars SPAC Presentation Deck

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

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