LOTUS TECHNOLOGY INC

Latest Results (07.10.2025):

In the second quarter of 2025, Lotus Technology Inc. reported a total revenue of $126 million, reflecting a 44% year-over-year decrease. However, the company made significant progress in narrowing its operating and net losses, which decreased by 22% and 36% respectively compared to the same period last year. Despite challenges in the sportscar segment, Lotus maintained strong deliveries in the China market and secured substantial funding to support its strategic initiatives.

Revenue and Profitability

Lotus Technology Inc. achieved total revenues of $126 million in Q2 2025, a 44% decrease compared to Q2 2024. The company's operating loss narrowed to $160 million, a 22% improvement year-over-year, while net loss decreased by 36% to $130 million.

Vehicle Deliveries

During the second quarter, Lotus delivered 1,410 vehicles, marking a 49% decrease from Q2 2024. While deliveries of lifestyle SUVs and sedans decreased by 16%, sportscar deliveries saw an 82% decline due to tariff issues in the North American market.

Funding and Strategic Partnerships

The company secured up to $500 million in funding commitments from institutional investors and strategic partners. Additionally, Lotus Robotics entered into a Memorandum of Understanding to collaborate on intelligent driving technologies, including the exploration of Robotaxi development in Saudi Arabia.

Operational Developments

Lotus Technology Inc. continued to enhance its operational structure by acquiring 49% equity interests in Lotus Advance Technologies Sdn, further consolidating its global presence. The company also strengthened its financial position through the issuance of convertible notes and establishing a credit facility with Geely.