Hello and welcome to the Deutsche Bank Virtual Investor Conference, DVVIC. This is Zafra Z. from the Deutsche Bank team. I'm pleased to welcome our next presentation by Lotus Technology from China. Before I introduce our speaker, a few points to note. Please click on the questions box to ask a question. All of today's presentations will be recorded and can be accessed via the Deutsche Bank website, adr.db.com. I'm happy now to hand over to Lotus.
Hello, you master friends. Thanks for joining today. And also, I really appreciate it goes to DB colleagues for inviting us. I'm the CFO of Lotus. My name is Daxue Wang. Today, I'm going to give you a quick presentation about the company so that you can learn us better. So, you know, like Lotus, as a brand, you know, like founded in 1948. It's a British brand. And we have a pretty, you know, prestigious name in the Formula One history. So, and regarding the current, you know, dynamics in the market, so we are early mover in the luxury EV markets. In our case, today, this year, we are going to incorporate, you know, one company strategy, incorporating the local, the Lotus British brand, plus the EV brand. So. We are going to. Integrate the two companies by the end of this year.
To integrate all the business and operations under the One Lotus. And, you know, like up to now, we are still. On the road to be one of the, you know, world's most famous, you know. OEMs in terms of the research and. Development capabilities. We are renowned with our world-class. Aerodynamics and lightweight, you know, philosophy. And we implement, you know, 800V electric performance architecture years ago. And next generation, we are going to. Issue the 900 hybrid EV technologies. So. And also, we are honored to be the. Developing the self-developed intelligent driving systems. And so far, like we are covered all the global distribution networks with our over 200 stores globally. And we are even distributed, you know, all across the globe. So these are the main things like we are going to let you know today for you to as an investment highlights of the company.
So next, I'm going to go into some more details. As you know. We are a prestigious, you know, like the brand with a lot of heritage starting from 1948. When the Colin Chapman founded this company. And throughout the years, we won so many recognitions from the industry. Especially in the sports car, racing car sector. We won seven times champions for the constructors, you know, champions in the Formula One. And also, we won six drivers titles for the Formula One and got 81 times of Grand Prix winners for the Formula One activities. And also, we won the numerous, you know, grand, including the Le Mans, including the Monte Carlo, these kind of things. So. You can tell from the Lotus history, I think it's a history regarding the car racing, regarding the sports car, and current years regarding the lifestyle.
So which is what we say as our logo says. We are doing everything for the drivers. As a brand, we used to be a brand, you know, focused a lot on the racings and. On the sports. And. We are, you know, pretty well known with our philosophy regarding the lightweight, regarding the. Chassis tuning. And. So far, facing the new era of the industry. We are the first mover in the luxury lifestyle segment. And we are leading in the advanced technology associated with the current, you know, electrification. And next, we have the full lineup covering both the battery electric products and also the plug-in hybrid. So. All in all, we are performing our way, you know, like by the philosophy of high performance, you know, good design and world-class engineering. So that's the evolution of this brand.
We keep the eye on the new development of the industry without losing our heritages. Regarding the brand, another thing I wanted to highlight to you is about the integration. We used to have two Lotuses. One Lotus is what we have in the U.K. It's a sports car heritage and famous for engineering excellence with the current shareholder of Geely and Etika. And we have another Lotus brand. Actually, it's the latest companies. It's we focus on the lifestyle EV focus platform. And we have a global distribution and also it's a listed company in the Nasdaq. And starting this year, the shareholders of the Lotus Cars in the U.K., they exercise their protection, meaning that by the end of this year, hopefully, we are going to integrate both Lotuses into one. So that means what we call One Lotus strategy.
Seeing that, you know, we can realize the unified governance, streamline the management framework, and further realize the cost synergies. So. You're going to see this going to happen by the end of this year or early next year. This slide gives you the brand position regarding our Lotus brand. We are a pioneer in the transformation to the electrification period. And also, we remain one of the super luxurious brand. So next, this is a brand positioning you're going to see through our branding and also our product portfolios. And next slide, I'm going to let you know about the technology of the Lotus. You know, we used to be very good at, you know, the aerodynamics and lightweight. That's our philosophy. I think this contributes a lot to the industry development of auto industries.
We still remain, you know, committed to the founder's vision and employment concept of lightweight and aerodynamic throughout our new products. And we enable the fast straight-line acceleration and extraordinary maneuverabilities of the drivabilities of the cars. And we provide a lot of aluminum alloy and carbon fiber materials in the current products. So that's the. That means like we keep the product heritage and we keep the philosophy of the branding. We manage the, you know, the airflow management very well. So to make our product, you know, stand out in the from the peer companies. And meanwhile, like the we take advantage of the current development of the technology. We are a pioneer in the electric performance architecture in our current products. We have the digital integrated chassis control system. And also we have this dual speed transmission and motor with strong power motor.
And we have a very strong battery management system plus the advanced electric, you know, architecture. So all in all, this provides our current products very advanced, you know, even better than standard although we actually launched the product two years ago. For the next generation, you're going to see we are going to develop the product, you know, by the early of next year. Actually, we are going to unveil the product by the end of this year. So you're going to see it's a new platform. It's 900V hyper hybrid platform. The combined driving range will be over 1,000 kilometers composed of 700 kilometers, you know, 300 kilometers for the pure battery, plus the remaining with the gasoline. And it's going to be an industry-leading dual hypercharging technology composed of ultra-fast plug-in charging and ultra-fast on-the-drive charging.
The ultra-fast plug-in charging allows us to be as fast as a small battery swap. And meanwhile, on-the-drive charging allows us to, you know, charge the power five times than the power consumption of the typical work driving conditions. So as I just mentioned, we are going to unveil this product this year. And we hope to deliver this product, you know, by the early of next year. And later on, we are going to launch this product worldwide. On top of the vehicles, you know, we also specialize in the current, like the intelligent driving. As you know, like we have a wholly owned subsidiary 100% owned, which provides intelligent driving across the globe, you know, not only for the Lotus brand, but also to the other global OEMs in the industry. And we provide not only the software, but also the hardware. So it's an integral solution, one-stop.
And we apply the leading OneModel algorithm and L2+ other software upgrades. So currently, we are operating worldwide. We are providing the, you know, the solutions to one of the leading European big companies, plus Japanese companies and others. And you can tell from our press release, we signed in the middle of this year a memorandum of understanding with the Saudi company, which is that we are going to provide the robotaxi service. And also, we are going to have the autonomous driving technology applied in Saudi through the collaboration with the Saudi companies. So that's we are going to have a global presence, not only with the cars, but also with our autonomous driving capabilities. And next pages, we are going to show you the products, you know, current products in our portfolio. As you know, we have this Evija.
It's the world, you know, first all-electric British-built hypercar. It's the first Lotus with electric, you know, powertrains. So it's a, I think it's a very by the year 2019, when we first released this one, it's an industry. Surprise. And next product, it's also produced in the U.K. It's Emira. It's said to be the last one of the Lotus family with the pure powertrain with the ICE. And that means internal combustion engine. So it features all the automotive world that, you know, comes to expect from the Lotus with a striking design, with a thrilling dynamic performance and a best-in-class ride and handling and outstanding aerodynamics. So this car wins a lot of, you know, honors from the industry. And the next two products are about our electric products, which are produced in China. The first one is the one we released in 2022.
It, I think, creates a lot of firsts for the Lotus family. It's the first time we have a five-door production car. And the first, you know, model outside the sports car segment. And it's the first lifestyle EVs. And however, it remained a true Lotus packed with pioneering technology, sports performance, and the simplicity of purpose. And one year later, we released this Emeya. It's a pinnacle of the electric hyper GT. So it is a, I think it provides, you know, some benchmark for the later, you know, car models. And this also has a lot of honors from the industry, and recognition from the end users across the globe. And this page shows you the current global coverage of our global distribution network.
As you can tell, we're pretty unique in the sense that we have a pretty balanced global coverage, including China, including Europe, and including North America. So roughly like we account, you know, like our product portfolio in China, it's about, you know, one-third, and Europe one-third and the rest of the world one-third. In China, our sales network is still expanding. Right now, we have 36 cities. And by the end of this year, we hopefully to reach 50. And in Europe, we are still, like, strategically prioritizing the tariff advantage markets and the premium EV markets with growth potentials. So I think with the U.K. brand heritage, it's going to help us to, you know, grow healthier in the European markets. And also leveraging the Geely's global ecosystem synergies.
We are actively collaborating with the multinational partners to actively architect the localized markets, you know, for the other provinces, for the other countries like North America, like the rest of the world. So our objective is to greatly, evenly distribute our products across the globe. For our target clients, as you can tell, we have a very loyal existing customers, which are car enthusiasts who favor racing, thrill seekers, and also individualists. And looking to the future, we also have a young generation of high net worth wealthy people. They like driving, you know, like trying the new technology. They want to be unique. And they want to find, you know, like ESG environment-friendly, you know, driving products. So our products, I think, cater to the both. And this slide, you know, like to show our partnership with mainly with the shareholder Geely.
And we are part of the Geely ecosystem. We have strong ties with them. And between Lotus and Geely, we have mutual beneficial partnership. You know, of course, Lotus is under independent management. And through Lotus, as we can have like iconic and prestigious brand among the Geely model, the brand portfolios. We are a pioneer in the advanced auto technology. We can also realize the well-balanced global distribution presence. And also, we are the only Geely-affiliated, you know, brand with the sports car DNAs. So this is our particular, you know, branding across the Geely brands. And also, with Geely, we benefit from Geely in terms of the procurement, supply chain, manufacturing support. And also the human capital support, plus the auxiliary revenues to the Geely's group of companies. So I think we are interdependent, but we remain very independent, you know, relations with the Geely group.
With we take advantage of the networks of Geely, we realize, you know, the like SLS driving through model regarding the manufacturing. And the U.K. In the U.K., like we have the Chapman Production Center. So we will produce the sports car over there. And in China, we take advantage of the production capacity. We contract with the Geely. And we use the, we produce the EV products over there. And so this kind of SLS model helps us to be flexible, meanwhile, to be able to pursue, you know, mass production. So keep a lot of flexibilities. Meanwhile, to lower the cost. And also this, they, this slide shows us we are widely committed and devoted to the ESG of the our development. We win a lot of, you know, awards through the, in the industry. And we try to be as to realize, you know, ESG company.
To lower the carbon emission. And so we have a, try to find, realize, you know, transparent governance. And we try to commit, you know, contribute to the community. So this is our objective. Not only we are business-oriented, but also ESG-oriented companies. Regarding the financials. We are still a startup. And we are trying to be as to improve our performance regarding the partner, you know, our operation through the partnership with Geely. For instance, we realize, you know, our procurement, our supply chain, our optimization through the Geely. And also we utilize their production capacity. And also with them, you know, we can realize the complex efficiency. We are streamlining internally. We are streamlining, you know, the operations through the production efficiency improvement and also the organization structure. And also we are implementing this strict in the budget control by to optimize the working capital management.
And through the coming like One Lotus strategy, we can further realize the synergies. Through the brand unification and to avoid, you know, duplicated investments. Through the, we can share the, you know, the R&D development, also supply chain, these kind of things, you know, realize, you know, enable us to fully, you know, utilize the One Lotus, you know, collaboration. And this slide like shows our financials in the first half of this year. I'm not going to go diving into details. As you can tell, you know, like actually due to the market, you know, and also the tariff, you know, obstacles in China, between China and the U.S. and between the U.S. and the U.K. And I think the first half of the year actually influenced, you know, our like sales performance. But I think it's something we are trying to work out.
At the regional level, China for the first half of this year occupies almost 50% of the market. It's mainly because of the, I think the slowdown in North America due to the tariff and this kind of stuff. So overall, I think we are evenly distributed across the different regions. And this page shows you the key numbers in our financial report. And I'm not going to delve into details. So you can see this from our public, you know, announcements through our like financial report released in the public. So I think seeing is believing. I look forward, you know, to your like visiting us either in the U.K. or in China or to meet our management to discuss, you know, the possible like the strategic, you know, futures of the company. So I thank you so much for joining today.
And if you have any questions, you can either contact me or my colleagues in our team or the company management. So thank you so much for joining today. And thanks a lot.