EV Penny Stocks List: From $10 to Under $1

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10. Lotus Technology Inc. (NASDAQ:LOT)

Number of Hedge Fund Holders: 11

Share Price as of April 16 2025: $1.32

Lotus Technology Inc. (NASDAQ:LOT) is a luxury electric vehicle (EV) manufacturer. It designs, develops, and sells luxury lifestyle vehicles, including SUVs and sedans, under the iconic Lotus brand, with a focus on electrification and sustainability. While the stock has imploded significantly as it continues to deliver robust financial results, Lotus Technology Inc. (NASDAQ:LOT) delivered significant growth in vehicle deliveries for 2024, confirming a 70% increase from the previous year to 12,065 units.

While a majority of its deliveries come from China, it remains the leading luxury brand in terms of growth rate. The company plans to boost its global deliveries by 20% in 2025 as it seeks to capitalize on growing demand for EVs.

On March 13, Lotus Technology Inc. (NASDAQ:LOT) moved to strengthen its autonomous driving division by establishing a strategic partnership with CaoCao Mobility. The partnership paves the way for the launch of an intelligent mobility platform for robotaxis.

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