The company has a manufacturing agreement with Geely Holding for vehicle production beginning in 2022. Geely Holding manages raw material procurement and inspection, production planning, quality control, logistics, and operates the manufacturing facility in Wuhan, China. This plant is specifically designed for electric vehicles and incorporates advanced technologies. The company utilizes the Geely Holding ecosystem for sourcing basic automotive parts, sharing many core suppliers. Key suppliers include NVIDIA for ADAS chips, Qualcomm for smart cockpit chips, and CATL for lithium-ion batteries. Supplier selection follows Geely's established process, which evaluates quality, cost, and timing, supported by a part quality management team to ensure standards. The choice of suppliers varies based on part type, with multiple proposals reviewed for general parts and design proposals assessed for specialized components. Certain parts, such as battery cell packages, have limited supplier options due to scale considerations.
Lotus Technology Inc's Comment on Supply Chain
The company has a manufacturing agreement with Geely Holding for vehicle production beginning in 2022. Geely Holding manages raw material procurement and inspection, production planning, quality control, logistics, and operates the manufacturing facility in Wuhan, China. This plant is specifically designed for electric vehicles and incorporates advanced technologies. The company utilizes the Geely Holding ecosystem for sourcing basic automotive parts, sharing many core suppliers. Key suppliers include NVIDIA for ADAS chips, Qualcomm for smart cockpit chips, and CATL for lithium-ion batteries. Supplier selection follows Geely's established process, which evaluates quality, cost, and timing, supported by a part quality management team to ensure standards. The choice of suppliers varies based on part type, with multiple proposals reviewed for general parts and design proposals assessed for specialized components. Certain parts, such as battery cell packages, have limited supplier options due to scale considerations.
Sources:
Lotus Technology inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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