Lotus Technology Inc. has announced the appointment of Joe Quan Zhang as the new chairman of its board of directors, effective June 3, 2026. Zhang succeeds Daniel Donghui Li, who resigned from the board and its committees on May 31, 2026, due to personal reasons. Li played a significant role in guiding the company since its inception and was instrumental in expanding its product offerings and market reach. Zhang, who is currently the Vice President and Chief Financial Officer of Zhejiang Geely Holding Group, brings over a decade of experience in corporate finance and strategic management. He expressed enthusiasm for leading Lotus Tech during this pivotal phase as the company embarks on its Focus 2030 strategy, which aims to enhance competitiveness and transition to a sustainable business model. CEO Qingfeng Feng praised Li's contributions and welcomed Zhang's expertise, highlighting the potential for growth and value creation under Zhang's leadership.