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Lotus Technology Inc.
Lotus Technology reported revenue of $268.1 million for the first half of 2026, representing a 22.8% increase year-over-year. Driven by the successful launch of the Eletre X model and reduced R&D expenses, the company's net loss narrowed to $150.9 million from $313.0 million in the same period last year.…more
Lotus Technology Inc.
Lotus Technology reported $268 million in revenue for the first half of 2026, a 23% YoY increase, while operating loss narrowed by 63% YoY to $97 million. Total vehicle deliveries reached 3,904 units, up 39% YoY, following the completion of the Lotus UK acquisition on August 21 and securing $128 million in funding from Geely.…more
Lotus Technology Inc.
Lotus Technology Inc. completed the acquisition of 100% equity interest in Lotus Advance Technologies (Lotus UK) on August 21, 2026. This transaction integrates British sports car engineering and manufacturing capabilities with next-generation electrified mobility technologies under a single corporate structure to unify the brand globally.…more
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Lotus Tech Explores Stablecoin Payment Use-Cases
Lotus Technology participated in a discussion at TOKEN2049 regarding the potential use of stablecoins for vehicle purchases. This remains an early-stage exploration of payment alternatives rather than a confirmed business implementation.…more
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Lotus Technology reported revenue that exceeded analyst expectations, yet the company's earnings per share loss was wider than anticipated. Despite the growth in sales, the continued losses highlight ongoing challenges in achieving profitability.…more
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Lotus Technology saw a 23% year-over-year revenue increase and a 63% reduction in operating losses, driven by strong demand for its new PHEV model. Despite these improvements, the company remains in a net loss position with significant shareholder deficit, warranting a cautious outlook.…more
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