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.

Elsewhere in the market, Universal Scientific Industrial (Shanghai) was a standout up 10% and ending trading at CN¥43.62. Meanwhile, Zhejiang Leapmotor Technology lagged, down 6.5% to end the day at HK$40.92.

Leapmotor’s 156% surge in sales amid global EV market expansion presents a time-sensitive opportunity. Click to explore the strategic moves underpinning this rapid growth.

For a comprehensive grasp on the EV investment landscape and market movements, don’t miss our Market Insights piece, highlighting 2025’s recovery driven by AI data center demand, signaling critical investment opportunities.

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• Tesla ended the day at $423.74 up 1.9%.

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Sources:

• Simply Wall St

• “Lotus opens orders for Eletre X in mainland Europe” from Lotus Technology Inc. on GlobeNewswire (published 02 June 2026)

Companies discussed in this article include SHSE:601231 NasdaqGS:TSLA and SEHK:9863.

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