Lotus Technology Inc. ( (LOT) ) has released its Q2 earnings. Here is a breakdown of the information Lotus Technology Inc. presented to its investors.
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Lotus Technology Inc. is a global leader in luxury and intelligent mobility, focusing on the development of battery electric vehicles and next-generation automobility technologies. The company operates across the UK, EU, and China, and is known for its innovative approach to electrification and digitalization.
In its latest financial report, Lotus Technology Inc. announced a total revenue of $218 million for the first half of 2025, with vehicle deliveries reaching over 2,800 units. Despite a challenging market environment, the company managed to narrow its operating loss by approximately 40% year-on-year to $263 million. The company also secured a funding commitment of up to $500 million from institutional investors and strategic partners.
Key financial metrics revealed a 45% year-on-year decrease in revenue, attributed to a transitional period with tariff impacts and model upgrades. The gross margin declined to 8.2% from 12.8% in the previous year. However, the net loss narrowed by 32% year-on-year to $313 million, demonstrating improved cost management and operational efficiency. Additionally, Lotus Technology is set to acquire full equity interests in Lotus UK, aiming for complete integration under the Lotus brand.
Strategically, Lotus Robotics has entered into a memorandum of understanding with a partner to explore intelligent driving technologies and Robotaxi development in Saudi Arabia. The company also showcased its latest models at the Goodwood Festival of Speed, highlighting its commitment to innovation and market presence.
Looking ahead, Lotus Technology Inc. remains focused on strengthening its operations and delivering sustainable value for shareholders. The management is confident in its strategy to navigate market challenges and accelerate its transformation into a next-generation mobility leader.