Lotus Technology Inc. ( (LOT) ) has released its Q3 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 provider of luxury and intelligent mobility solutions, specializing in the development of battery electric vehicles and advanced automotive technologies across the UK, EU, and China. The company is known for its focus on electrification and digitalization in the automotive industry.
In its latest financial report for the third quarter and first nine months of 2025, Lotus Technology Inc. announced a total revenue of $356 million, with vehicle deliveries amounting to 4,612 units. The company highlighted a significant improvement in its gross margin to 8% during the third quarter, reflecting better inventory dynamics and a recovery in profitability.
Key financial metrics showed a narrowing of net loss by 68% in the third quarter and 43% for the nine-month period compared to the previous year. The company also reported a 46% year-over-year decrease in total revenues. Despite these challenges, Lotus Tech is preparing to launch a new Plug-in Hybrid Electric Vehicle (PHEV) model, which is expected to feature advanced technology and a driving range exceeding 1,000 km.
Strategically, Lotus Tech is advancing towards the acquisition of Lotus UK, aiming to integrate operations under the Lotus brand and enhance efficiency. The company remains committed to expanding its electrification product roadmap and addressing consumer demand for diversified powertrain options.
Looking ahead, Lotus Technology Inc. is focused on maintaining cost discipline and optimizing inventory, with an emphasis on resource allocation and margin enhancement. The management is optimistic about achieving greater efficiency and competitiveness in the global market landscape.