Lotus has announced the Hyper Hybrid EV plug-in hybrid powertrain.
Lotus delivered 7,600 vehicles in the first nine months of 2024, up 136% on the same period a year agoon last week in China to announce new plug-in hybrid technology called theThe powertrain is still being developed, but Lotus said vehicles equipped with it will be able to cover a distance of 684 miles, using a mix of gasoline and electricity stored in a battery.
Lotus originally planned for its Emira to be its final car with a gas engine, but like other automakers, including fellow , Lotus is finding that growth in demand for EVs is a lot slower than anticipated. Lotus said the launch of a hybrid powertrain will help it to keep up with what it referred to asA hybrid powertrain will also enable Lotus to avoid tariffs aimed at its Chinese-built EVs. For example, the European Union's tariff rules exempt plug-in hybrid vehicles.
In addition to the Emira, Lotus offers the Evija, Eletre, and Emeya EVs. Its sales have been steadily growing over the course of the year, with deliveries for the first nine months of 2024 coming in at more than 7,600 units, up 136% on the same period a year ago. Revenues also doubled to $653 million. Lotus still reported an
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