Lotus delivered fewer than 7000 cars and posted a net loss of $750 million in 2023, but says it remains on track to achieve its ambitious transformation objectives over the coming years. In its first earnings report since going public in February, the company said it is making "steady progress" towards the objectives of its Vision80 business strategy - under which it plans to crack 100,000 annual sales a year by 2028.
The Lotus Emira sports car accounted for around a third of Lotus's global deliveries last year, but that proportion will rapidly diminish as its more mainstream-focused electric cars start to come on stream at its dedicated EV factory in Wuhan, China. The brand's second electric car, the Emeya saloon, is now on sale in China and is expected to begin European deliveries in the third quarter of this year.