Welcome to our dedicated page for Lotus Technology news (Ticker: LOT), a resource for investors and traders seeking the latest updates and insights on Lotus Technology stock.
Lotus Technology Inc. reports developments in intelligent and luxury mobility under the Lotus brand, including battery-electric vehicles, luxury sports cars, and hybrid SUV products. Company updates commonly cover model launches and market introductions for Eletre, Emira, and For Me/Eletre X; participation in auto and design events; ADAS compliance milestones such as UN R171 certification; and management discussion of AI, blockchain, and connected-vehicle systems.
LOT announcements also include unaudited financial results, vehicle deliveries, service revenue tied to R&D and intellectual property commercialization, margin trends, operating loss trends, and expansion across China, Europe, and North America.
Lotus Technology (NYSE:LOT) reported its Q1 2025 financial results, showing significant challenges but also signs of recovery. The company delivered 1,274 vehicles, down 42% year-over-year, with deliveries split relatively evenly between Europe (32%), China (32%), and North America (32%).
Total revenue reached $93 million, declining 46% YoY, while gross margin was 12%, recovering from 3% in 2024 but still below Q1 2024's 18%. Operating loss narrowed by 56% YoY to $103 million, and net loss decreased 29% to $183 million. The company is transitioning to upgraded models of its Eletre hyper-SUV and Emeya hyper-GT, with deliveries beginning in Q2 2025 in China and Q3 in Europe.
Lotus Technology (Nasdaq: LOT) has released its 2024 ESG Report, audited by TÜV NORD, showcasing the company's sustainability initiatives and achievements. Key highlights include the unveiling of Theory 1, an innovative concept car utilizing only 10 main A-surface materials compared to the industry standard of 100, demonstrating commitment to material minimization and sustainable development.
The company's Global Smart Factory received the "Leading-Zero Carbon Factory" certification. Lotus Tech also participated in the World Economic Forum's Nature Positive Transitions Report series and earned notable recognitions including the Reuters Sustainability Award and EU Chamber of Commerce Sustainable Business Award.
Lotus Technology (Nasdaq: LOT), a global leader in intelligent and luxury mobility, has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the Securities and Exchange Commission.
The report is now accessible through the company's investor relations website at https://ir.group-lotus.com. In a move to maintain transparency with shareholders, Lotus Tech will provide complimentary hard copies of the annual report, which includes audited consolidated financial statements, upon request.
Interested shareholders can obtain their copy by contacting the IR department directly at ir@group-lotus.com.
Lotus Technology (LOT) reported its FY2024 financial results, delivering 12,134 vehicles, a 74% year-over-year increase. Total revenue reached $924 million, up 36% YoY. Europe emerged as the largest market, contributing 39% of deliveries with 179% YoY growth, followed by China (25%) and North America (21%).
However, financial metrics showed challenges with gross margin declining to 3% from 15% in 2023. The company reported an operating loss of $786 million (up 7% YoY) and a net loss of $1,107 million (up 48% YoY). The company has reduced operating expenses for five consecutive quarters through efficiency initiatives.
Notably, Lotus Tech will acquire 51% equity interest in Lotus UK from Geely through a non-cash transaction, integrating all global business under the Lotus brand. The deal is expected to complete in 2025, subject to regulatory approvals.
Lotus Technology (Nasdaq: LOT) announced that Geely has exercised its put option to sell its 51% equity stake in Lotus Advance Technologies to Lotus Tech. The transaction, announced on April 16, 2025, will be executed through a non-cash share exchange.
The acquisition includes Lotus UK's sportscar and hypercar manufacturing operations, along with Lotus Engineering's consultancy services. The deal's completion is expected by 2025, subject to regulatory approvals. The put option was exercisable after Lotus UK exceeded 5,000 vehicle sales in 2024.
The transaction pricing is based on 1.15x Lotus UK's 2024 revenue plus cash minus debt, with Lotus Tech issuing new shares at $10 per share as consideration. This strategic move aims to consolidate all Lotus brand operations under one entity, potentially enhancing operational synergies and brand equity.
Lotus Technology (Nasdaq: LOT) announced key leadership changes, with Mr. Daxue Wang appointed as Chief Financial Officer effective April 8, 2025, replacing Mr. Alexious Lee who resigned for personal reasons but remains on the board. Wang brings extensive financial experience from his previous role as CFO at Radar Auto and positions at various financial institutions.
Additionally, the company appointed Ms. Catherine Cai as an independent director and member of multiple board committees, effective March 31, 2025. Cai brings over three decades of investment banking experience, including senior positions at UBS, Citigroup, and Bank of America Merrill Lynch.
Lotus Technology (Nasdaq: LOT) has scheduled the release of its unaudited fourth quarter and full year 2024 financial results for April 22, 2025, before the U.S. market opens. The company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time (14:00 Central European Time / 20:00 China Standard Time) on the same day.
Investors can access the live audio webcast and replay through the company's investor relations website. Participants wishing to join the call must complete online registration in advance to receive dial-in numbers and a unique PIN.
Lotus Technology has announced a strategic partnership between its intelligent driving arm, Lotus Robotics, and CaoCao Mobility, a major Chinese ride-hailing provider. The collaboration launches an innovative intelligent mobility platform for robotaxis, integrating Lotus Robotics' intelligent driving solutions with CaoCao's operational expertise.
CaoCao Mobility's network spans 57 cities and 35,000 enterprises. The partnership has already initiated pilot operations of robotaxis equipped with Lotus Robotics' intelligent driving system in Suzhou and Hangzhou. This marks the beginning of scaled commercial deployment of robotaxi services.
Lotus Robotics is also exploring global opportunities with partners like Aramco Digital in the GCC region. The company plans to deploy advanced features globally in Q4 2025, including mapless Urban Navigate on Autopilot. Additionally, Lotus Robotics provides intelligent driving solutions to various OEMs including Lynk&Co, Farizon Auto, and a leading European automaker.
Lotus Technology reported its preliminary vehicle delivery results for 2024, achieving 12,065 deliveries, marking a significant year-over-year growth of over 70% - the highest growth rate among leading luxury brands. China represented approximately 25% of total global deliveries in 2024.
Looking ahead to 2025, Lotus aims to increase global deliveries by 20%, with China expected to contribute 25-28% of total deliveries. The company also announced the successful reclamation of its proprietary rights to the LOTUS roundel, LOTUS word mark, and the Chinese character of Lotus ("莲花") in China, establishing global trademark consistency.