Technology

Lotus Technology Celebrates Public Listing on Nasdaq

Published

3 years ago

February 23, 2024

NEW YORK and SINGAPORE, Feb. 23, 2024 /PRNewswire/ — Lotus Technology Inc. (“Lotus Tech” or the “Company”), a leading global luxury electric vehicle maker, rang today’s opening bell at the Nasdaq stock exchange in New York City in celebration of its public listing. The Company’s American depositary shares (“ADSs”) commenced trading today on the Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “LOT” following the completion of its business combination on February 22, 2024 with L Catterton Asia Acquisition Corp (“LCAA”), a special purpose acquisition company (“SPAC”) formed by affiliates of L Catterton, a leading global consumer-focused investment firm.

Lotus Tech CEO Feng Qingfeng was joined by members of the Lotus Tech and L Catterton teams in New York City to witness this important milestone, which will help Lotus Tech to further its mission of becoming an advanced, fully electric, intelligent, and sustainable luxury mobility provider under the brand’s Vision80 strategy.

“This is an exciting moment for all of us at Lotus Technology,” said Mr. Feng. “I would like to extend my appreciation to our shareholders, partners, suppliers, our outstanding employees, and most importantly, our customers, for their support. We are proud to carry Lotus’s heritage into the future, and to open a new chapter in the Lotus story with our public listing today.”

Chinta Bhagat, Co-Chief Executive Officer of LCAA said: “We believe that Lotus Tech is ideally positioned to seize the tremendous opportunity in the fast-growing and underserved luxury EV market, leveraging our global consumer insights and strategic relationship with LVMH. Today’s public listing is a significant step in the company’s future expansion and we are looking forward to our continued collaboration with Lotus Tech’s talented management team.”

The Nasdaq listing will support Lotus Tech’s development of next generation automobility technologies and the expected expansion of its global distribution network from around 200 to over 300 stores globally by 2025.

Set to become the first traditional luxury auto brand to achieve a 100% electric product portfolio by 2027, the Company has launched a well-balanced portfolio of exceptionally performant models, including the Eletre hyper-SUV and Emeya hyper-GT, and plans to launch two additional luxury battery electric vehicles (BEV) over the next two years.

The bell-ringing ceremony was broadcast on Nasdaq’s digital billboards in Times Square and livestreamed online, with Lotus Tech employees joining the celebration remotely from offices across the world. The brand’s signature BEV models, Evija, Eletre and Emeya were also displayed in Times Square in front of the Nasdaq stock exchange.

About Lotus Technology

Lotus Technology Inc. has operations across China, the UK, and the EU. The Company is dedicated to delivering luxury lifestyle battery electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalisation and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com.

About L Catterton Asia Acquisition Corp

L Catterton Asia Acquisition Corp (NASDAQ: LCAA) is a blank check company incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. While it may pursue an initial target business in any industry or sector, it has focused its search on high-growth, consumer technology sectors across Asia. For more information about L Catterton Asia Acquisition Corp, please visit www.lcaac.com.

About L Catterton

L Catterton is a market-leading consumer-focused investment firm, managing approximately $35 billion of equity capital and three multi-product platforms: private equity, credit and real estate. Leveraging deep category insight, operational excellence, and a broad network of strategic relationships, L Catterton’s team of more than 200 investment and operating professionals across 17 offices partners with management teams to drive differentiated value creation across its portfolio. Founded in 1989, the firm has made over 275 investments in some of the world’s most iconic consumer brands. For more information about L Catterton, please visit www.lcatterton.com.

Forward-Looking Statements

This press release (the “Press Release”) contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the U.S. Securities Exchange Act of 1934, that are based on beliefs and assumptions and on information currently available to Lotus Tech and LCAA. All statements other than statements of historical fact contained in this Press Release are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.

These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by LCAA and its management, and Lotus Tech and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of definitive agreements with respect to the proposed Business Combination between LCAA, Lotus Tech and the other parties thereto (the “Business Combination”); (2) the outcome of any legal proceedings that may be instituted against LCAA, the Combined Company or others following the announcement of the Business Combination and any definitive agreements with respect thereto; (3) the amount of redemption requests made by LCAA public shareholders and the inability to complete the Business Combination due to the failure to obtain approval of the shareholders of LCAA, to obtain financing to complete the Business Combination or to satisfy other conditions to closing and; (4) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (5) the ability to meet stock exchange listing standards following the consummation of the Business Combination; (6) the risk that the Business Combination disrupts current plans and operations of the Company as a result of the announcement and consummation of the Business Combination; (7) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the Combined Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Business Combination; (9) risks associated with changes in applicable laws or regulations and Lotus Tech’s international operations; (10) the possibility that Lotus Tech or the Combined Company may be adversely affected by other economic, business, and/or competitive factors; (11) Lotus Tech’s estimates of expenses and profitability; (12) Lotus Tech’s ability to maintain agreements or partnerships with its strategic partner Geely Holding and to develop new agreements or partnerships; (13) Lotus Tech’s ability to maintain relationships with its existing suppliers and strategic partners, and source new suppliers for its critical components, and to complete building out its supply chain, while effectively managing the risks due to such relationships; (14) Lotus Tech’s reliance on its partnerships with vehicle charging networks to provide charging solutions for its vehicles and its strategic partners for servicing its vehicles and their integrated software; (15) Lotus Tech’s ability to establish its brand and capture additional market share, and the risks associated with negative press or reputational harm, including from lithium-ion battery cells catching fire or venting smoke; (16) delays in the design, manufacture, launch and financing of Lotus Tech’s vehicles and Lotus Tech’s reliance on a limited number of vehicle models to generate revenues; (17) Lotus Tech’s ability to continuously and rapidly innovate, develop and market new products; (18) risks related to future market adoption of Lotus Tech’s offerings; (19) increases in costs, disruption of supply or shortage of materials, in particular for lithium-ion cells or semiconductors; (20) Lotus Tech’s reliance on its partners to manufacture vehicles at a high volume, some of which have limited experience in producing electric vehicles, and on the allocation of sufficient production capacity to Lotus Tech by its partners in order for Lotus Tech to be able to increase its vehicle production capacities; (21) risks related to Lotus Tech’s distribution model; (22) the effects of competition and the high barriers to entry in the automotive industry, and the pace and depth of electric vehicle adoption generally on Lotus Tech’s future business; (23) changes in regulatory requirements, governmental incentives and fuel and energy prices; (24) the impact of the global COVID-19 pandemic on LCAA, Lotus Tech, Lotus Tech’s post business combination’s projected results of operations, financial performance or other financial metrics, or on any of the foregoing risks; and (25) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Lotus Tech’s registration statement on Form F-4 (File No. 333-275001) filed by Lotus Tech with the U.S. Securities and Exchange Commission (the “SEC”) on January 12, 2024 and LCAA’s final prospectus relating to its initial public offering (File No. 333-253334) filed by LCAA with the SEC on March 12, 2021, and other documents filed, or to be filed, with the SEC”) by LCAA or Lotus Tech, including the Registration/Proxy Statement (as defined below). There may be additional risks that neither LCAA nor Lotus Tech presently know or that LCAA or Lotus Tech currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.

Nothing in this Press Release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved in any specified time frame, or at all, or that any of the contemplated results of such forward-looking statements will be achieved in any specified time frame, or at all. The forward-looking statements in this Press Release represent the views of LCAA and Lotus Tech as of the date they are made. While LCAA and Lotus Tech may update these forward-looking statements in the future, LCAA and Lotus Tech specifically disclaim any obligation to do so, except to the extent required by applicable law. You should not place undue reliance on forward-looking statements.

Contact Information

For inquiries regarding Lotus Tech
Demi Zhang
ir@group-lotus.com

Brunswick Group
Lotustechmedia@brunswickgroup.com

For inquiries regarding LCAA and/or L Catterton
Julie Hamilton (U.S.)
media@lcatterton.com
+1 203 742 5185

Bob Ong / Bonnie Gan (Asia)
bob.ong@lcatterton.com / bonnie.gan@lcatterton.com
+65 6672 7619 / +86 10 8555 1807

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SOURCE Lotus Technology Inc.

Technology

BRAHMA AI Wins 2026 Technology & Engineering Emmy®

Published

10 minutes ago

September 10, 2026

Emmy Award recognises the foundational technology behind BRAHMA AI’s high-fidelity AI content platform

LONDON, Sept. 10, 2026 /PRNewswire/ — BRAHMA AI has been named a recipient of a 2026 Technology & Engineering Emmy® Award for AI-Based Face Replacement and Performance-Preserving Post-Production Transformation. The award recognises BRAHMA AI’s Neural Performance technology.

The award honours systems that change a performer’s appearance while preserving natural expression, movement, lighting and scene realism, maintaining continuity across a sequence and adapting to changes in pose, lighting and occlusion.

BRAHMA AI is recognised alongside Disney Research, Rising Sun Pictures and Digital Domain, and is the only AI-native company among the four recipients.

“This Emmy® recognises technology that has been proven where the bar is highest: feature films, television and live production, in front of performers, directors and global audiences,” said Jo Plaete, Chief Technology Officer of BRAHMA AI. “Human creativity amplified by AI, with the performer and the authenticity of the performance kept at the centre, is the foundation of everything we build at BRAHMA AI. Being recognised at this level confirms that approach is dependable enough for the most demanding work in the industry.”

Human facial performance is one of the hardest problems in generative media. Small losses in timing, gaze or expression change the performance. BRAHMA AI’s Neural Performance technology was built to hold those qualities fixed while enabling controlled changes of age, likeness and identity.

The technology was proven at feature-film scale on Robert Zemeckis’s Here. Younger versions of Tom Hanks and Robin Wright were visualised on set in near real time, and the system delivered approximately one hour of final 4K transformation for the finished film. It has since been used across feature films, television, live performance and multilingual content, most recently on Ramayana, where BRAHMA AI’s technology delivers performance-preserving English-language lip-sync for the film’s international release.

The core methods are protected by US Patent No. 12,322,018, ‘Latent Space Editing and Neural Animation to Generate Hyperreal Synthetic Faces.’ The same research now underpins ATMAN, BRAHMA AI’s digital-human technology, and the wider BRAHMA AI platform for creating, localising and governing enterprise audiovisual content.

The 2026 Technology & Engineering Emmy® Awards are presented by the National Academy of Television Arts & Sciences and will be held on 14 October 2026 at the Television Academy’s Saban Media Center in North Hollywood, California, in a joint ceremony with the Television Academy’s Engineering, Science & Technology Emmy® Awards. The official recipients are listed at televisionacademy.com.

About BRAHMA AI

BRAHMA AI is the AI-native operating system for enterprise content. It enables organisations to understand, organise, create, localise and govern audiovisual content at scale.

Built on its Mind² philosophy, BRAHMA AI combines human creativity with machine intelligence to deliver high-fidelity content, faster workflows and trusted global distribution. Born in media, sports and entertainment, BRAHMA AI brings production-proven AI to organisations across entertainment, advertising, healthcare and financial services.

Visit www.brahma.io.

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Technology

Tata Elxsi Invests in KAVIA AI to Scale AI-Driven Software Engineering for Products and Enterprises

Published

10 minutes ago

September 10, 2026

BENGALURU, India, Sept. 10, 2026 /PRNewswire/ — Tata Elxsi, a global leader in design and technology services, today announced a strategic investment in KAVIA AI, a Silicon Valley-based enterprise AI platform company. The investment strengthens the collaboration between the two companies to help enterprises manage, modernise, and transform complex software environments at scale.

As a global leader in AI and GenAI-driven product and software engineering, Tata Elxsi enables enterprises to implement the AI Development Lifecycle (AIDLC), accelerating architecture design, brownfield refactoring, software development, quality assurance, deployment, continuous monitoring and debugging across the product and software lifecycle.

The collaboration brings together Tata Elxsi’s expertise in domain-led engineering with KAVIA AI’s knowledge graph and workflow intelligence platform. Over the past one year, the companies have worked together to deploy the platform for enterprise engineering use cases, addressing challenges around industry-specific product and software engineering, accelerated release cycles, quality, resilience, and cybersecurity readiness.

Manoj Raghavan, Chief Executive Officer and Managing Director, Tata Elxsi, said, “Through STEP.UP, Tata Elxsi’s startup engagement program for high-potential deep tech companies, we have worked closely with KAVIA AI and seen the strength of its technology firsthand. This investment reflects our shared vision for AI-driven software engineering.”

Across industries, distributed teams have been creating millions of lines of code over the years using multiple repositories and diverse technology stacks to evolve enterprise products and platforms. As organisations face this complex brownfield environment, critical knowledge often remains fragmented across code, documentation, systems, tools, and teams.

While most AI tools focus on accelerating coding, KAVIA AI enables enterprises to scale across the AIDLC by combining persistent knowledge, governed engineering artifacts, collaboration, traceability, and deployment through a single platform.

Labeeb Ismail, Founder and Chief Executive Officer, KAVIA AI, said, “We are delighted with this strategic investment by Tata Elxsi and the trust it has placed in us. KAVIA AI brings system assets for enterprises to establish AIDLC workflows, operating models, and the checks and balances needed to operationalise AI across the software lifecycle. Together with Tata Elxsi, we look forward to shaping the future of software delivery.”

Building on this foundation, Tata Elxsi and KAVIA AI are working together to harness the power of AI responsibly and help organisations transform their products and services.

About Tata Elxsi

Tata Elxsi is a global design and technology leader, driving innovation at the intersection of design, digital, and engineering. With 35+ years of experience across industries, the company delivers end-to-end solutions for automotive, media, healthcare, energy, smart manufacturing and communications—from embedded systems to cloud-native platforms.

Tata Elxsi combines domain-led consulting, full-stack development, and system integration with a portfolio of award-winning AI and GenAI platforms.

By combining AI-first thinking with full-stack product engineering, Tata Elxsi enables organisations to move from GenAI experimentation to scaled deployment—securely, efficiently, and with confidence.

For more information, visit www.tataelxsi.com.

About STEP.UP

STEP.UP is Tata Elxsi’s startup engagement program for deep tech startups, combining co-creation and joint go-to-market engagement with an innovation fund. The program supports founders with strategic investment, engineering and design expertise, and access to global markets. By bridging innovation and commercialization, STEP.UP helps accelerate the journey from breakthrough ideas to industry-scale impact.

For more information, visit https://www.tataelxsi.com/step.up.

About KAVIA AI

KAVIA AI is the enterprise software engineering platform for complex codebases. KAVIA connects teams through code understanding, workflow automation, artifact generation, reviewable code and validation across repositories and environments.

The platform supports Visual Studio Code, CLI and Git-based workflows and offers customer-controlled deployment options and flexible model choices.

Learn more at kavia.ai.

General inquiries: Submit a request through the KAVIA AI Contact Page.

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Technology

Tamar AI Unleashes Creativity with Glanze, a New AI Streaming Platform at 83rd Venice Film Festival

Published

10 minutes ago

September 10, 2026

VENICE, Italy, Sept. 10, 2026 /PRNewswire/ — Tamar AI, the Palo Alto-based AI-powered creative technology company behind TapNow, the world’s first AI-native Creative OS, today announced the launch of Glanze at the 83rd Venice Film Festival. As a streaming platform for original AI-native series, films, and explorable worlds, Glanze extends the TapNow ecosystem, creating a single connected path from creation to global audience.

Powered by TapNow and fed by its global IP incubation initiative 10,000 Parallel Universes, Glanze is a streaming platform built to redefine how stories are discovered, turning the exploration of original works into part of the entertainment experience. With Glanze now live, locally rooted AI-native series and films are brought to global audiences without the limits of traditional streaming platforms. Glanze opens with 40 titles available for preview, enabling creativity to travel without boundaries.

“Debuting Glanze at Venice, one of the world’s most prestigious film festivals and where the future of cinema is first seen, marks our ambition to establish AI as a creative and meaningful force in the global film industry. Glanze is not just a streaming platform but an integral part of the TapNow ecosystem, rooted in our belief that AI exists to amplify creation from idea to distribution,” said Klaus He, Co-founder of Tamar AI.

The Glanze launch was accompanied by a panel co-hosted by TapNow during the Venice Film Festival’s Venice Production Bridge on September 4. The “AI x Cinema: The 10,000 Parallel Universes Initiative” panel brought together AI filmmakers, industry leaders and film educators to explore AI’s creative and economic impact on filmmaking. The session closed with a technical presentation of “Primodia,” a flagship series from the 10,000 Parallel Universes initiative, to showcase TapNow’s Creative OS in action. On September 7, a curated screening of selected AI-native stories from the initiative offered a first look of the original worlds that Glanze is built to bring to global audiences.

Venice marks the beginning of a broader season of activity for Tamar AI, which will next bring its AI filmmaking community to Japan and Korea for Arena Peak Asia, its proprietary creator hackathon focused on cross-border AI storytelling, in October 16 – 19.

About Tamar AI
Tamar AI is a global AI-powered creative technology company headquartered in Palo Alto, California, built on the belief that AI should amplify the creator, not replace them. Its flagship product, TapNow, the world’s first AI-native Creative OS, powers an ecosystem spanning tools, community, talent development, production, education, and distribution, forming a continuous path from first idea to finished work, from creator community to global audience. Trusted by creators across 150+ countries and regions, Tamar AI supports creators at every stage of the creative lifecycle through AI Creation System, AI-native Creator ecosystem, and Glanze – the streaming platform for original AI-native IPs.

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SOURCE Tamar AI