Lotus Technology Secures $70 Million Through Convertible Notes with Geely

Lotus Technology ( (LOT) ) just unveiled an announcement.

On February 28, 2025, Lotus Technology Inc. announced a convertible note purchase agreement with Geely International (Hong Kong) Limited, involving the sale of convertible notes worth $70 million. The notes, maturing in 2027, can be converted into ordinary shares or ADSs, potentially impacting the company’s financial structure and market position. This transaction, subject to customary closing conditions, signifies a strategic financial move for Lotus Technology, potentially enhancing its capital structure and market competitiveness.

More about Lotus Technology

Lotus Technology Inc. operates in the technology sector, focusing on innovative solutions and advancements in robotics and related fields. The company is based in Shanghai, China, and is involved in the development and sale of technology products and services, with a market focus on enhancing automation and technological integration.

YTD Price Performance: -42.67%

Average Trading Volume: 145,438

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.51B

For detailed information about LOT stock, go to TipRanks’ Stock Analysis page.