Lotus Technology Received up to $300 Million Funding Commitment to Advance Business Development and Strengthen Liquidity
Lotus Technology (NYSE:LOT) has secured significant funding through two major agreements. The company entered into a securities purchase agreement with ATW Partners for convertible notes worth up to $300 million, which can be converted into American depositary shares.
Additionally, Lotus previously established a Master Credit Facility Framework Agreement with Zhejiang Geely Holding Group on July 28, 2025, providing access to a non-revolving credit facility of up to RMB1.6 billion. CEO Qingfeng Feng emphasized that this funding demonstrates partner confidence and will support the company's transformation efforts.
Lotus Technology (NYSE:LOT) ha ottenuto finanziamenti rilevanti tramite due accordi principali. La società ha sottoscritto un accordo di acquisto di titoli con ATW Partners per obbligazioni convertibili fino a $300 milioni, convertibili in American depositary shares.
Inoltre, il 28 luglio 2025 Lotus ha stipulato un Master Credit Facility Framework Agreement con Zhejiang Geely Holding Group, che prevede l'accesso a una linea di credito non revolving fino a RMB1.6 billion. L'amministratore delegato Qingfeng Feng ha sottolineato che questi finanziamenti dimostrano la fiducia dei partner e sosterranno gli sforzi di trasformazione dell'azienda.
Lotus Technology (NYSE:LOT) ha asegurado financiación significativa mediante dos acuerdos principales. La compañía suscribió un acuerdo de compra de valores con ATW Partners para notas convertibles por un valor de hasta $300 millones, que pueden convertirse en American depositary shares.
Además, Lotus estableció previamente el 28 de julio de 2025 un Master Credit Facility Framework Agreement con Zhejiang Geely Holding Group, que ofrece acceso a una línea de crédito no revolvente de hasta RMB1.6 billion. El CEO Qingfeng Feng destacó que este financiamiento refleja la confianza de los socios y apoyará los esfuerzos de transformación de la compañía.
Lotus Technology (NYSE:LOT)는 두 건의 주요 계약을 통해 상당한 자금을 확보했습니다. 회사는 ATW Partners와 최대 $3억 규모의 전환사채에 관한 증권매매계약을 체결했으며, 이는 미국예탁증서(ADS)로 전환될 수 있습니다.
또한 Lotus는 2025년 7월 28일 Zhejiang Geely Holding Group과 마스터 신용공여 프레임워크 계약을 체결해 최대 RMB16억 규모의 비회전형 신용시설에 접근할 수 있게 했습니다. CEO 칭펑 펑(Qingfeng Feng)은 이번 자금 조달이 파트너의 신뢰를 보여주며 회사의 전환 노력을 지원할 것이라고 강조했습니다.
Lotus Technology (NYSE:LOT) a obtenu des financements importants via deux accords majeurs. La société a conclu un accord d'achat de titres avec ATW Partners pour des billets convertibles d'un montant maximal de 300 millions de dollars, convertibles en American depositary shares.
Par ailleurs, Lotus a signé le 28 juillet 2025 un Master Credit Facility Framework Agreement avec Zhejiang Geely Holding Group, donnant accès à une ligne de crédit non renouvelable pouvant atteindre RMB1.6 billion. Le PDG Qingfeng Feng a souligné que ce financement témoigne de la confiance des partenaires et soutiendra les efforts de transformation de la société.
Lotus Technology (NYSE:LOT) hat sich durch zwei bedeutende Vereinbarungen umfangreiche Mittel gesichert. Das Unternehmen schloss einen Wertpapierkaufvertrag mit ATW Partners über Wandelanleihen im Umfang von bis zu $300 Millionen ab, die in American depositary shares wandelbar sind.
Darüber hinaus hat Lotus am 28. Juli 2025 einen Master Credit Facility Framework Agreement mit Zhejiang Geely Holding Group vereinbart, der den Zugang zu einer nicht revolvierenden Kreditfazilität von bis zu RMB1.6 billion ermöglicht. Geschäftsführer Qingfeng Feng betonte, dass diese Finanzierung das Vertrauen der Partner zeige und die Transformationsbemühungen des Unternehmens unterstützen werde.
- Secured up to $300 million in convertible notes funding from ATW Partners
- Additional access to RMB1.6 billion credit facility from Geely Holding Group
- Enhanced financial flexibility for business transformation and operations
- Potential future dilution for shareholders through convertible notes
- Increased debt obligations through credit facility
NEW YORK, Aug. 19, 2025 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus” or the “Company”), a leading global intelligent and luxury mobility provider, announced today that it entered into a securities purchase agreement (“the Transaction”) with ATW Partners, a New York-based investment firm that focuses on cutting-edge companies with long-term growth potential, under which the Company agreed to issue and sell convertible notes for up to an aggregate principal amount of
Mr. Qingfeng Feng, Chief Executive Officer, commented: “The new funding demonstrates the confidence of our partners in us and provides us additional flexibility to advance our transformation. We are confident that we will further strengthen our operations and deliver sustainable value for our shareholders over the long-term.”
As previously announced, the Company also entered into a Master Credit Facility Framework Agreement with Zhejiang Geely Holding Group Company Limited (“Geely”) on July 28, 2025, pursuant to which Geely agrees to provide (including through its affiliates) the Company and its affiliates with a non-revolving credit facility of up to RMB1,600,000,000.
About the Transaction
The Company expects to issue and sell to ATW Partners Notes in the original principal amount of
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. Additional information, including the full terms of the financing transactions, is available in the Form 6-K that the Company filed with the SEC.
About Lotus Technology Inc.
Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle battery electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalisation and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com.
Non-GAAP Financial Measures
The Company uses non-GAAP financial measures, including adjusted net loss and adjusted EBITDA in evaluating its operating results and for financial and operational decision-making purposes. Adjusted net loss represents net loss excluding share-based compensation expenses, and such adjustment has no impact on income tax. Lotus Tech defines adjusted EBITDA as net loss excluding interest income, interest expense, income tax expenses, depreciation of property, equipment and software, and share-based compensation expenses. The Company believes that non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. The Company also believes that non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.
Non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. Non-GAAP financial measures have limitations as analytical tools and when assessing the Company’s operating performance, investors should not consider them in isolation, or as a substitute for financial information prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The Company mitigates these limitations by reconciling non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance. For more information on non-GAAP financial measures, please see “Appendix C – Unaudited Reconciliation of GAAP and Non-GAAP Results (Adjusted net loss/Adjusted EBITDA)” set forth at the end of this press release.
Forward-Looking Statements
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Tech undertakes no obligation to update any forward-looking statement, except as required under applicable law.
Contact Information
For investor inquiries
ir@group-lotus.com
FAQ
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