Lotus Group CEO: No price cuts

Feng Qingfeng, CEO of Lotus Group, said in a statement on July 1 that as a luxury pure electric car brand positioned at the million-level, Lotus will not participate in price wars, and not lowering prices is its bottom line. Feng Qingfeng emphasized that as the industry develops rapidly, companies should return to their roots, improve quality, and focus on performance, which is the key to achieving sustainable development.