Lotus Technology reports Q1 EPS (28c) vs. (47c) last year

Reports Q1 revenue $93M vs. $173M last year.In the first quarter of 2025, the Company achieved total deliveries of 1,274 units, reflecting the scheduled transition period before upgraded models commence deliveries and the effect of prior destocking. The deliveries were primarily contributed from the Europe, North America and China markets. Qingfeng Feng, CEO, commented: “We are encouraged by the progress made this quarter, particularly the steady recovery in our margin profile and continued contribution in international markets. We remain closely attuned to evolving dynamics in key markets such as the U.S., and are actively evaluating strategic pathways as well as localization opportunities to further strengthen our presence and expand sales operations in the global markets.”