Lotus Technology reports Q4 revenue $163M vs. $272M last year

Reports Q4 adjusted EBITDA (62M) vs. (398M) last year. Qingfeng Feng, CEO, commented: “Despite the external headwinds facing our business, we maintained our company’s mission and strategy by doubling down on cutting-edge technologies, refining our product mix, and providing an industry-leading driving performance. Our established global footprint is the impetus that allows us to seize first-mover gains and enables us to become the world’s second automaker to obtain UN R171.01 certification. Our differentiation and dedication to executing our growth and innovation strategy – represented by the launch of our first PHEV vehicle, which further enriches our powertrain offerings – together with our diversified product portfolio, provide us with the foundation to remain competitive in the market.”