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An update from Lotus Technology ( (LOT) ) is now available.
On December 31, 2025, Lotus Technology Inc. announced that its board and audit committee had dismissed KPMG Huazhen LLP as its independent registered public accounting firm and appointed Grant Thornton Zhitong Certified Public Accountants LLP to audit the company’s consolidated financial statements for the fiscal year ended December 31, 2025. The company stated that KPMG’s prior audit reports for 2023 and 2024 contained no adverse or disclaimed opinions, but did highlight substantial doubt about Lotus Technology’s ability to continue as a going concern due to accumulated losses, net current liabilities and negative operating cash flow, and identified material weaknesses in financial reporting controls and revenue and inventory processes at its EU and UK subsidiaries. Lotus noted there were no disagreements with KPMG on accounting or audit matters, no reportable events beyond the disclosed control weaknesses, and no prior consultations with Grant Thornton on accounting issues, and said it is working with both firms to ensure a smooth transition, underscoring the company’s effort to address internal control issues and shore up financial reporting as it remains under investor and regulatory scrutiny.
The most recent analyst rating on (LOT) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Lotus Technology stock, see the LOT Stock Forecast page.
Spark’s Take on LOT Stock
According to Spark, TipRanks’ AI Analyst, LOT is a Neutral.
Lotus Technology’s overall stock score is primarily impacted by its poor financial performance, characterized by negative profitability and cash flow issues. While there are some positive signals from the earnings call, such as improved margins and strategic initiatives, these are overshadowed by significant year-on-year declines in key metrics and a challenging valuation profile.
To see Spark’s full report on LOT stock, click here.
More about Lotus Technology
Lotus Technology Inc. is a China-based company headquartered on Century Avenue in Shanghai’s Pudong District. While this regulatory filing does not detail its operations, Lotus Technology is known in capital markets as part of the broader Lotus-branded automotive and technology ecosystem, with a focus on advanced vehicle and related technology businesses targeting global markets, including the EU and UK.
Average Trading Volume: 86,022
Technical Sentiment Signal: Sell
Current Market Cap: $940.8M
See more data about LOT stock on TipRanks’ Stock Analysis page.