Lotus Technology Signs Strategic Deal With Cao Mobility

MT Newswires Live

03/13

Lotus Technology (LOT) said Thursday that its Lotus Robotics unit has signed a strategic partnership agreement with Chinese ride-hailing service CaoCao Mobility

The company said the collaboration will incorporate Lotus Robotics' intelligent driving systems.

Lotus also said it is working with regional partners, including Aramco Digital in the Gulf Cooperation Council region, and that it plans to deploy its navigation capabilities in Q4.

Shares of the company were up 2% in recent trading.

Price: 1.58, Change: +0.03, Percent Change: +1.94

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