Lotus Technology Inc., a prominent luxury electric vehicle manufacturer, has announced that its intelligent driving division, Lotus Robotics, will be licensing its advanced driving technology and software to several leading automakers. This move highlights the research and development prowess of Lotus Tech and its commitment to its Vision80 business transformation strategy.
Lotus Robotics has developed cutting-edge software capabilities, intelligent driving algorithms, and testing and simulation tools. These technologies are currently used in the company’s luxury electric vehicles, such as the Eletre and Emeya models. These vehicles are equipped with innovative features including the world’s first deployable LiDAR system and fully embedded hardware that supports end-to-end intelligent driving solutions across various scenarios.
By licensing its intelligent driving technology, Lotus Tech aims to contribute to the advancement of the entire automotive industry. This step demonstrates the company’s growth potential and its commitment to transforming into an intelligent, all-electric provider of sustainable luxury mobility.
Lotus Robotics has a team of experts based in Germany and China who have developed best-in-class hardware, award-winning algorithms and software, and powerful cloud solutions. The division has also achieved recognition by winning prestigious awards in world-class competitions.
Lotus Tech is currently undergoing a merger with L Catterton Asia Acquisition Corp, which would result in the company becoming a public entity with an estimated enterprise value of $5.6 billion.
Lotus Technology Inc. is a globally recognized luxury electric vehicle manufacturer headquartered in Wuhan, China. The company has operations in China, the UK, and the EU, focusing on R&D in next-generation automobility technologies.
Source: Lotus Technology Inc. and L Catterton Asia Acquisition Corp
– Intelligent driving: The use of advanced technologies, algorithms, and software to enable vehicles to operate autonomously or provide enhanced driver-assistance features.
– LiDAR: Light Detection and Ranging, a remote sensing technology that measures distances using laser beams.
– Lotus Technology Inc.: www.group-lotus.com
– L Catterton Asia Acquisition Corp: www.lcaac.com