A subsidiary of Wallan Holding received an exclusive invitation from Lotus Technology to partake in the ceremonial ringing of the Nasdaq Stock Market opening bell at the Nasdaq Tower in New York, United States. This event celebrated Lotus Technology's inaugural listing on the Nasdaq exchange, marking a significant milestone for Wallan Investment Company.
The participation of Wallan Investment Company in this prestigious event signifies a pivotal moment in the company's trajectory, as Wallan Trading assumes the esteemed position of Lotus Technology's official representative in Saudi Arabia. Lotus Technology is renowned for its expertise in crafting high-end electric vehicles, boasting cutting-edge battery, energy management, electronic control systems, smart driving, and smart manufacturing technologies. Moreover, Lotus Technology boasts an illustrious racing legacy spanning over seven decades, cementing its reputation as a preeminent brand in luxury sports cars, renowned for its unrivaled standards in performance, design, and engineering excellence.
At the ceremony, Fahad Al-Wallan, Chairman of Wallan Holding, represented the company, while Qingfeng Feng, CEO of Lotus Technology, had the honor of ringing the opening bell, symbolizing Lotus Technology's listing under the stock ticker symbol “LOT”.
Under the prestigious British marque “Lotus”, Lotus Technology stands as an innovative luxury battery electric vehicle (BEV) manufacturer, specializing in the creation and distribution of luxury lifestyle vehicles. With an esteemed heritage spanning over seven decades and a legacy of industry leadership, the Lotus brand epitomizes unparalleled standards in performance, design, and engineering.
By integrating proprietary next-generation technology with world-class research and development capabilities and adopting an asset-light model, Lotus Tech is spearheading advancements in electrification, digitization, and intelligence.
Fahad Al-Wallan expressed his enthusiasm, stating, “The Nasdaq’s opening bell ceremony marks an auspicious moment in Lotus Technology's journey, signaling a new era of growth and prosperity. Through Wallan Investment Company's partnership with Lotus Tech, we are proud to align our investment strategy with forward-thinking enterprises poised for sustainable success. Lotus Technology's listing on the Nasdaq Stock Exchange represents a strategic move towards achieving our transformation goals and driving innovation in the automotive sector.”
He further emphasized, “Wallan Investment Company remains steadfast in its commitment to investing in the world’s most innovative and future-focused enterprises. With a diverse portfolio meticulously curated to deliver optimal returns, we are dedicated to bolstering revenues and fostering economic growth in Saudi Arabia.”
Wallan Trading Company, a subsidiary of Wallan Holding, boasts a storied legacy in the Kingdom's automotive sector, spanning over 45 years. With a steadfast commitment to delivering premium products and services, the company represents leading global automobile manufacturers such as Hyundai, Genesis, Geely, Renault, and Zeekr. Actively pursuing investment opportunities, Wallan Trading Company endeavors to meet the evolving needs of its esteemed clientele.