Quarterly Delivery Increase
The company delivered nearly 1,800 vehicles in the third quarter, representing a 28% increase quarter-on-quarter.
Gross Margin Improvement
Gross margin improved to 8% in the third quarter, up three percentage points from the previous quarter and five percentage points from the same period last year.
Operating Loss Improvement
Operating loss for the quarter was $95 million, a 41% improvement year-on-year, and net loss narrowed to $65 million, a 68% improvement.
Retail Expansion and Efficiency
Lotus has 213 retail stores worldwide, optimizing global presence and enhancing retail efficiency with strategic relocations and closures.
Competitive Advantage in China
Delivery growth in China outpaced the broader premium auto segment, showcasing competitive strengths despite challenges.
New Hybrid Models Launch
Lotus plans to introduce two additional hybrid models with high performance and energy efficiency, expanding into new markets like Brazil.