Lotus Tech Earns Highly Commends Honour At Reuters Sustainability Awards 2024 For Business Transformation

Published: Friday, October 25, 2024, 18:51 [IST]

Lotus Technology Inc., a prominent player in the luxury and intelligent mobility sector, has been honoured with the Highly Commends accolade at the Reuters Sustainability Awards 2024. This recognition was given in the Business Transformation category. The awards, now in their 14th year, are renowned for celebrating leadership in sustainable business practices worldwide.

With over 700 global participants this year, only 30 winners were chosen across 17 categories. Lotus Tech stood out as the sole winner from the automotive industry. The Business Transformation Award acknowledges companies making significant strides to align their business models with a sustainable future.

Lotus Tech Wins at Reuters Sustainability Awards

The company's victory highlights its robust sustainability strategy, which is supported by data-driven methods and transparent disclosures. These efforts aim to foster systemic transformation within the industry. Since unveiling its Vision80 Strategy in 2018, Lotus Tech has been committed to evolving into an intelligent and luxury mobility provider.

Lotus Tech has introduced three electric vehicles: the hypercar Evija, Eletre (SUV), and Emeya (GT, Sedan). These vehicles are distributed globally, showcasing the company's dedication to innovation and sustainability in the automotive sector.

Mr. Alexious Lee, Chairman of the ESG Committee at Lotus Tech, expressed pride in receiving this honour from Reuters Sustainability Awards. He stated, "We're truly proud to receive this honor from the Reuters Sustainability Awards." He further emphasised their progress since beginning their transformation journey in 2018.

Mr. Lee also noted that this recognition strengthens their resolve to drive positive change for future generations and the planet. The company remains focused on delivering luxury lifestyle battery electric vehicles while prioritising world-class research and development.

Global Operations and Future Goals

Lotus Technology Inc. operates across the UK, EU, and China. Their commitment extends beyond vehicle production to include advancements in next-generation automobility technologies such as electrification and digitalisation.

Their focus on these areas underscores their dedication to leading in both luxury mobility and sustainable practices. For more information about Lotus Technology Inc., interested parties can visit their official website.

This award serves as a testament to Lotus Tech's ongoing efforts towards a clean, resilient future through innovative business transformations.