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Recent Updates — LOT

September 14, 2026View Source ↗

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.

June 15, 2026View Source ↗

On June 12, 2026, Lotus Technology Inc. entered into a convertible note purchase agreement with Geely International (Hong Kong) Limited for a principal amount of $128,324,684.58 via private placement. The note matures 364 days after issuance with an annual interest rate of SOFR plus 3.35%, payable at maturity. Geely may convert the note into ordinary shares or ADSs starting 30 trading days after issuance, with a conversion price based on the 10-day volume-weighted average price preceding the conversion date. The note ranks senior to other unsecured indebtedness, except for a $10 million note issued to ATW in August 2025. Lotus Technology Inc. operates in the automotive industry and develops electric vehicles and smart mobility solutions.