Financing ·
Lotus Technology Inc. filed a Form 6-K incorporating its interim report for the six months ended June 30, 2026
LOTLotus Technology Inc.
Lotus Technology Inc. filed a Form 6-K incorporating its interim report for the six months ended June 30, 2026. The company reported total revenues of US$268.1 million, up 22.8% from US$218.3 million in the prior year period, driven by a US$65.9 million increase in EV lifestyle model sales following the launch of the Eletre X. Gross profit expanded to US$26.3 million with a margin of 9.8%, while net loss narrowed significantly to US$150.9 million from US$313.0 million, aided by a US$97.9 million license fee refund and reduced operating expenses. The company raised US$128.3 million via convertible notes issued to Geely HK on June 12, 2026, and completed the acquisition of Lotus Advance Technologies Sdn Bhd in August 2026. Lotus Technology Inc. operates in the automotive industry, designing, manufacturing, and selling luxury electric vehicles.