Lotus Technology Inc. (NASDAQ:LOT) is one of the Best Penny Stocks to Buy with the Highest Upside Potential. On September 5, Lotus Technology Inc. (NASDAQ:LOT) announced that Lotus Car will showcase a strong presence at IAA Mobility 2025 in Munich. The main attraction is the German debut of their concept car, Theory 1. Management notes that this car is a depiction of the future of intelligent sports cars. Moreover, alongside Theory 1, Lotus Technology Inc. (NASDAQ:LOT) will honor Ayrton Senna with his iconic 1987 Lotus 99T F1 car. They will also present the Emira Limited edition, inspired by that famous race car; only twelve Emira Limited cars exist worldwide.
Management also noted that Theory 1 features the LOTUSWEAR system, which interacts with drivers and passengers in real time. The car uses sustainable materials and has a minimalist interior. The company reported a 49% year-over-year decrease in deliveries for the fiscal second quarter of 2025. Analysts remain optimistic with their 12-month price target presenting a 54.64% upside from the current levels. Lotus Technology Inc. (NASDAQ:LOT) designs, develops, manufactures, and sells luxury electric vehicles. It focuses on electrification, digitalization, and intelligent automotive technologies. While we acknowledge the potential of LOT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
[SRC] https://finance.yahoo.com/news/lotus-technology-lot-showcase-strong-184922295.html
