Recently, Lotus Cars (NASDAQ:LOT) officially expressed strong attention to and welcome for the latest tariff policy announced by the Canadian government. During Canadian Prime Minister Carney's visit to China, Canada formally announced that it would drastically reduce the tariff rate on 49,000 imported Chinese electric vehicles from 100% to 6.1%.

Currently, Lotus Cars' sales network covers 61 countries and regions worldwide, with over 210 dealerships. In Canada, Lotus has established a mature sales and service system, boasting 6 authorized dealerships that offer comprehensive services ranging from classic fuel models to the latest all-electric products. Commenting on the policy adjustment, Feng Qingfeng, CEO of Lotus Group, said: "Canada has always been a strategically important market in Lotus' global layout, where users have a high appreciation for high performance and driving pleasure. We warmly welcome the new tariff optimization policy, which creates a more open and fair market environment for international automotive brands. Building on Lotus' early layout in the North American market, we will seize this opportunity to further increase investment and resource allocation to the Canadian market, allowing more Canadian users to enjoy Lotus' unique all-electric supercar experience at a more competitive price."