Lotus Technology Inc. has announced the launch of orders for the Eletre X, a new hybrid SUV available in mainland Europe. The Eletre X features Lotus’ proprietary X-Hybrid architecture, which combines battery electric vehicle performance with internal combustion engine support, allowing for a comprehensive range of over 1,200 kilometers. With ultra-fast charging capabilities, the vehicle can charge from 20-80% in just nine minutes, making it one of the quickest charging electrified vehicles to date. This release is part of Lotus’ Focus 2030 strategy, underscoring the company’s commitment to hybrid and electric vehicle innovation and customer-centered design. Deliveries are expected to begin in the fourth quarter of 2026.
In other market news, Universal Scientific Industrial (Shanghai) (SHSE:601231) was a standout up 10% and ending the day at CN¥43.62. Meanwhile, Zhejiang Leapmotor Technology (SEHK:9863) lagged, down 6.5% to end trading at HK$40.92.
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