Lotus Cars SPAC Presentation Deck

EARLY MOVER IN THE MODERN SUSTAINABLE LUXURY BEV MARKET 1 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 targets the largest price segment (>85%) within global luxury BEV market in the next decade Source: Oliver Wyman, LLC Note: 1. UK included 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) Luxury > US$150k US$80-149k <US$80k BEV CAGR 24% 4,700 8.5 4,607 2021A 38,880 280 1,649 36,951 2031E Key target of Lotus Tech CAGR ('21A-'31E) 46% 34% 23% ...and is strategically positioned in all key regions that drive fast growths Global luxury car market (BEV) sales volume by region (unit, k) China Europe(¹) U.S. ROW Luxury BEV CAGR 35% 93 14 35 33 11 2021A 1,929 579 733 424 193 2031E 22 CAGR (*21A-'31E) 46% 36% 29% 33% LOTUSTECH

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