Lotus makes first delivery of Eletre 'hyper SUV' EV

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Lotus makes first delivery of Eletre ‘hyper SUV’ EV

As of Jan. 31, 2023, Lotus says it received more than 5,000 Eletre orders worldwide.

David Sickels
By David Sickels
Lotus-Tech-Eletre-electric-hyper-SUV-1400

Lotus Technology announced it has completed its first delivery of Eletre, its first fully-electric hyper SUV. Lotus Tech hosted a delivery ceremony at the Shanghai International Circuit F1 track to celebrate the occasion, in conjunction with the 75th anniversary of the Lotus brand.

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Eletre features technologies including fully-embedded L4-ready hardware with the world’s first deployable LiDAR system, according to Lotus. The company says it is powered by Lotus’s proprietary 800-volt electrical performance architecture, delivering a sportscar-like experience and enabling Lotus Tech’s 420-kilowatt supercharging solution. As of Jan. 31, 2023, Lotus says it received more than 5,000 Eletre orders worldwide.

The company says it is now rolling out additional deliveries across China and will begin delivery in the UK and EU later this year. Planning is also underway for future delivery to the U.S. and the rest of the world.

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Lucid Group reports positive financial outlook in Q3

Lucid’s Q3 report includes info on a new SUV, COO appointment, closing an Aston Martin deal and adjusting 2023 production from 8,000 to 8,500.

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Lucid Group released financial results for its third quarter ending Sept. 30, 2023. Lucid reported Q3 revenue of $137.8 million on deliveries of 1,457 vehicles and produced 1,550 vehicles. The company is also adjusting its production outlook for 2023 to 8,000–8,500 vehicles to prudently align with deliveries.

"We delivered on our commitments to complete the Lucid Air lineup on time with Pure RWD and Sapphire, transition general assembly to our Phase 2 factory in Arizona, and open our first plant in Saudi Arabia. We recognize we still have work to do on our customer journey and deliveries," Peter Rawlinson, Lucid's CEO & CTO, said.

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