Lotus Technology Inc. ( (LOT) ) has released its Q1 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 across the UK, EU, and China. In its latest earnings report, Lotus Technology Inc. announced a total revenue of $93 million for the first quarter of 2025, with a gross margin of 12%, marking a recovery from previous destocking impacts. The company delivered 1,274 vehicles, primarily in Europe, North America, and China, and reported a significant reduction in operating loss by more than 50% year-on-year to $103 million.
The company highlighted its strategic initiatives, including the revamping of its Eletre hyper-SUV and Emeya hyper-GT models, with deliveries commencing in China and expected in Europe by the third quarter. Additionally, Lotus introduced new models like the 2026 Emira V6 SE and Emira Turbo, and launched a national GT racing series in China. Despite a 46% year-on-year decrease in total revenues, the company managed to improve its gross margin from 3% in 2024 to 12% in the first quarter of 2025.
Financially, Lotus Technology Inc. reported a net loss of $183 million, a 29% reduction compared to the previous year, and an adjusted EBITDA loss of $136 million, reflecting a 33% improvement. The company continues to focus on operational efficiency, as evidenced by six consecutive quarters of reduced operating expenses.
Looking forward, Lotus Technology Inc. remains optimistic about its market presence and expansion strategies, particularly in key regions like the U.S. The company is committed to enhancing its cost structure and profitability while exploring strategic pathways and localization opportunities to strengthen its global sales operations.