Lotus Technology (LOT) updates 13D as LGIL falls below 5%

Rhea-AI Filing Summary

Lotus Technology Inc. shareholder Eric Li (Li Shufu) reports beneficial ownership of 338,624,525 ordinary shares, representing 52.3% of the company’s outstanding class. These shares are held through several entities, including Lotus Advanced Technology Limited Partnership and Lotus Technology International Investment Limited.

The amendment reflects internal restructurings. Lotus Group International Limited transferred 24,477,676 ordinary shares to Geely International (Hong Kong) Limited and 23,517,767 shares to Etika in connection with exercised put option agreements tied to Lotus Advance Technologies Sdn. Bhd., reducing LGIL’s holdings to 0% and removing it as a reporting person.

Total issued and outstanding ordinary shares were 647,687,049 as of May 20, 2026, which is the basis for the reported ownership percentages.

Key Figures

Eric Li beneficial ownership: 338,624,525 ordinary shares LATLP holdings: 186,648,945 ordinary shares LTIIL holdings: 108,740,886 ordinary shares +4 more

7 metrics

Eric Li beneficial ownership 338,624,525 ordinary shares 52.3% of class as of May 20, 2026

LATLP holdings 186,648,945 ordinary shares 28.8% of class as of May 20, 2026

LTIIL holdings 108,740,886 ordinary shares 16.8% of class as of May 20, 2026

Shares outstanding 647,687,049 ordinary shares Issued and outstanding as of May 20, 2026

Transfer to Geely HK 24,477,676 ordinary shares Received from LGIL on June 10, 2026

Transfer to Etika 23,517,767 ordinary shares Received from LGIL on June 10, 2026

LATLP source 186,648,945 ordinary shares Held directly by Lotus Advanced Technology Limited Partnership

Key Terms

beneficially own, Put Option Agreements, American Depositary Shares, Schedule 13D, +1 more

5 terms

beneficially own financial

"Therefore, Mr. Shufu Li may be deemed to beneficially own all of the shares held of record by LATLP."

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

Put Option Agreements financial

"the Issuer entered into a put option agreement with each of Geely HK and Etika (the "Put Option Agreements")"

American Depositary Shares financial

"This CUSIP number applies to the American Depositary Shares, evidenced by American Depositary Receipts, each representing one ordinary share of the Issuer."

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

Schedule 13D regulatory

"If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

joint filing agreement regulatory

"The Reporting Persons are parties to an agreement with respect to the joint filing of this and any amendments thereto."

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

Lotus Technology Inc.

(Name of Issuer)

Ordinary Shares, par value US$0.00001 per share

(Title of Class of Securities)

54572F101

(CUSIP Number)

Zhejiang Geely Holding Group
No. 1760 Jiangling Road, Binjiang District
Hangzhou, F4, 310051
86-571-2809-8282

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/10/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 54572F101

1

Name of reporting person

Eric Li (Li Shufu)

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF, WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CHINA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 338,624,525.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 338,624,525.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

338,624,525.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

52.3 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Note to Row (7) and (9) - Includes (i) 186,648,945 Ordinary Shares held by Lotus Advanced Technology Limited Partnership ("LATLP"); (ii) 108,740,886 Ordinary Shares held by Lotus Technology International Investment Limited ("LTIIL"); (iii) 1,968,697 Ordinary Shares held by Geely Investment Holding Ltd; (iv) 16,788,321 Ordinary Shares held by ECARX Holdings Inc; and (v) 24,477,676 Ordinary Shares held by Geely International (Hong Kong) Limited ("Geely HK"). LATLP is a limited liability partnership incorporated under the laws of British Virgin Islands and its general partner is Yin Qing Holdings Limited. Yin Qing Holdings Limited is wholly owned by Mr. Qingfeng Feng, the CEO and director of the Company. On July 30, 2021, the partners of LATLP, namely Ming Jun Holdings Limited, Yin Qing Holdings Limited, Xing Rong Holdings Limited and Jing Can Holdings Limited signed an agreement, later joined by State Rainbow Investments Limited and Radiant Field Investments Limited, under which these partners agreed to act in concert with Ming Jun Holdings Limited. Ming Jun Holdings Limited is wholly owned by Mr. Shufu Li. Therefore, Mr. Shufu Li may be deemed to beneficially own all of the shares held of record by LATLP. The registered address of Lotus Advanced Technology Limited Partnership is Sertus Chambers, P.O. Box 905, Quastisky Building, Road Town, Tortola, British Virgin Islands. LTIIL is wholly owned by Geely HK. Geely HK is wholly owned by Hainan Geely Investment Holdings Co., Ltd, which is wholly owned by Zhejiang Geely Holding Group Co., Ltd. ("Geely Holding"). Geely Holding is 82.233% owned by Mr. Shufu Li, 8.0583% owned by Mr. Xingxing Li, and 9.7087% owned by Ningbo Yima Enterprise Management Partnership (Limited Partnership). The registered address of LTIIL is Craigmuir Chambers, Road Town, Tortola, VG 1110, British Virgin Islands. Geely Investment Holding Ltd. is wholly owned by Geely HK. The registered address of Geely Investment Holding Ltd. is Craigmuir Chambers, Road Town, Tortola, VG 1110, British Virgin Islands. Mr. Eric Li (Li Shufu) controls ECARX Holdings Inc. and therefore may be deemed to beneficially own all of the 16,788,321 Ordinary Shares directly held by ECARX Holdings Inc. Note to Row (13) - The percentage of class of securities beneficially owned by the reporting person and the voting power represented thereby are based on a total of 647,687,049 issued and outstanding Ordinary Shares as of May 20, 2026 (excluding Ordinary Shares issued to Deutsche Bank Trust Company Americas, the depositary of our ADS program, for bulk issuance of ADSs reserved for future issuances upon the exercise or vesting of awards granted under our stock incentive plan).

SCHEDULE 13D

CUSIP Number(s): 54572F101

1

Name of reporting person

Lotus Advanced Technology Limited Partnership

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF, WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 186,648,945.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 186,648,945.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

186,648,945.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

28.8 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

Note to Row (7) and (9) - Represents 186,648,945 Ordinary Shares held by LATLP. LATLP is a limited liability partnership incorporated under the laws of British Virgin Islands and its general partner is Yin Qing Holdings Limited. Yin Qing Holdings Limited is wholly owned by Mr. Qingfeng Feng, the CEO and director of the Company. On July 30, 2021, the partners of LATLP, namely Ming Jun Holdings Limited, Yin Qing Holdings Limited, Xing Rong Holdings Limited and Jing Can Holdings Limited signed an agreement, later joined by State Rainbow Investments Limited and Radiant Field Investments Limited, under which these partners agreed to act in concert with Ming Jun Holdings Limited. Ming Jun Holdings Limited is wholly owned by Mr. Shufu Li. Therefore, Mr. Shufu Li may be deemed to beneficially own all of the shares held of record by LATLP. The registered address of Lotus Advanced Technology Limited Partnership is Sertus Chambers, P.O. Box 905, Quastisky Building, Road Town, Tortola, British Virgin Islands. Note to Row (13) - The percentage of class of securities beneficially owned by the reporting person and the voting power represented thereby are based on a total of 647,687,049 issued and outstanding Ordinary Shares as of May 20, 2026 (excluding Ordinary Shares issued to Deutsche Bank Trust Company Americas, the depositary of our ADS program, for bulk issuance of ADSs reserved for future issuances upon the exercise or vesting of awards granted under our stock incentive plan).

SCHEDULE 13D

CUSIP Number(s): 54572F101

1

Name of reporting person

Lotus Technology International Investment Limited

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF, WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

VIRGIN ISLANDS, BRITISH

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 108,740,886.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 108,740,886.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

108,740,886.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

16.8 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

Note to Row (7) and (9) - Represents 108,740,886 Ordinary Shares held by LTIIL. LTIIL is wholly owned by Geely HK, which is ultimately wholly owned by Geely Holding. Geely Holding is 82.233% owned by Mr. Shufu Li, 8.0583% owned by Mr. Xingxing Li, and 9.7087% owned by Ningbo Yima Enterprise Management Partnership (Limited Partnership). The registered address of LTIIL is Craigmuir Chambers, Road Town, Tortola, VG 1110, British Virgin Islands. Note to Row (13) - The percentage of class of securities beneficially owned by the reporting person and the voting power represented thereby are based on a total of 647,687,049 issued and outstanding Ordinary Shares as of May 20, 2026 (excluding Ordinary Shares issued to Deutsche Bank Trust Company Americas, the depositary of our ADS program, for bulk issuance of ADSs reserved for future issuances upon the exercise or vesting of awards granted under our stock incentive plan).

SCHEDULE 13D

CUSIP Number(s): 54572F101

1

Name of reporting person

Lotus Group International Limited

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF, WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Ordinary Shares, par value US$0.00001 per share
(b)	Name of Issuer: Lotus Technology Inc.
(c)	Address of Issuer's Principal Executive Offices: No. 800 Century Avenue, Pudong District, Shanghai, CHINA , 200120.
Item 1 Comment: Explanatory Note This CUSIP number applies to the American Depositary Shares, evidenced by American Depositary Receipts, each representing one ordinary share of the Issuer. This Amendment No. 1 to Schedule 13D (this "Amendment No. 1") is filed on behalf of each of Mr. Eric Li (Li Shufu), Lotus Advanced Technology Limited Partnership ("LATLP"), Lotus Technology International Investment Limited ("LTIIL"), and Lotus Group International Limited ("LGIL") to amend the statement on Schedule 13D, filed on February 13, 2026 (the "Original Filing"). Except as provided herein, this statement does not modify any of the information previously reported on the Original Filing. Capitalized terms used but not defined in this statement have the meanings ascribed to them in the Original Filing.
Item 2.	Identity and Background
(a)	Item 2(a) is hereby amended to add the following: LGIL is wholly owned by Lotus Advance Technologies Sdn. Bhd, which is in turn 51% owned by Geely HK and 49% owned by Etika. On June 10, 2026, Geely HK received 24,477,676 Ordinary Shares and Etika received 23,517,767 Ordinary Shares, in each case from LGIL, following which, LGIL ceases to beneficially own more than 5% of the outstanding shares of the Issuer as of June 10, 2026 and is not a member of any group reporting beneficial ownership of securities of the Issuer. Accordingly, LGIL shall cease to be Reporting Person immediately after the filing of this Amendment No. 1.
(b)	The name, business address, present principal occupation or employment and citizenship of each of the executive officers and directors of each of the Reporting Persons are set forth on Annex A hereto and are incorporated herein by reference.
(c)	The name, business address, present principal occupation or employment and citizenship of each of the executive officers and directors of each of the Reporting Persons are set forth on Annex A hereto and are incorporated herein by reference.
(d)	During the last five years, none of the Reporting Persons and, to the best of their knowledge, none of the Covered Persons has been convicted in any criminal proceedings (excluding traffic violations or similar misdemeanors).
(e)	During the last five years, none of the Reporting Persons and, to the best of their knowledge, none of the Covered Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	The name, business address, present principal occupation or employment and citizenship of each of the executive officers and directors of each of the Reporting Persons are set forth on Annex A hereto and are incorporated herein by reference.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and supplemented by adding the following at the end: On January 31, 2023, the Issuer entered into a put option agreement with each of Geely HK and Etika (the "Put Option Agreements"), pursuant to which each of Geely HK and Etika is granted the right to require the Issuer to purchase all of the equity interests held by each of Geely HK and Etika in Lotus Advance Technologies Sdn. Bhd. On April 14, 2025, Geely HK exercised its put option, requiring the Issuer to purchase 51% of the equity interests in Lotus Advance Technologies Sdn. Bhd. On June 30, 2025, Etika also exercised its put option, requiring the Issuer to purchase 49% of the equity interests in Lotus Advance Technologies Sdn. Bhd. In connection with the closing of the transactions contemplated by the Put Option Agreements and upon the final settlement of such put options, Geely HK received 24,477,676 Ordinary Shares of the Issuer and Etika received 23,517,767 Ordinary Shares of the Issuer on June 10, 2026, in each case from LGIL.
Item 4.	Purpose of Transaction
	The information set forth in Item 3 is hereby incorporated by reference in its entirety. Except as set forth herein, the Reporting Persons do not have any present plans or proposals which relate to or would result in any of the transactions of this Item 4.
Item 5.	Interest in Securities of the Issuer
(a)	See responses to Rows (11) and (13) of the cover pages of this Schedule 13D.
(b)	See responses to Rows (7) through (10) of the cover pages of this Schedule 13D.
(c)	Other than as described in this Schedule 13D, none of the Reporting Persons and, to the best of their knowledge, none of the Covered Persons, has effected any transactions in the Ordinary Shares of the Issuer during the past 60 days.
(d)	Not applicable.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	The information set forth in Item 3 is hereby incorporated by reference in its entirety. The Reporting Persons are parties to an agreement with respect to the joint filing of this Schedule 13D and any amendments thereto. A copy of such agreement is filed as Exhibit 1 to this Schedule 13D. Other than as described in this Schedule 13D, no contracts, arrangements, understandings or relationships exist with respect to the securities of the Issuer among or between the Reporting Persons or any other person or entity.
Item 7.	Material to be Filed as Exhibits.
	Annex A *1 - Joint Filing Agreement dated February 13, 2026 by and among the Reporting Persons *2 - Subscription Agreement dated December 23, 2025 by and between the Issuer and ECARX Holdings Inc. (incorporated by reference to Exhibit 99.2 to the Issuer's Form 6-K filed with the Securities and Exchange Commission on December 29, 2025) * Previously filed.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Eric Li (Li Shufu)

Signature:	/s/ Eric Li (Li Shufu)
Name/Title:	Eric Li (Li Shufu)
Date:	06/12/2026

Lotus Advanced Technology Limited Partnership

Signature:	/s/ Qingfeng Feng
Name/Title:	Qingfeng Feng
Date:	06/12/2026

Lotus Technology International Investment Limited

Signature:	/s/ Donghui Li
Name/Title:	Donghui Li
Date:	06/12/2026

Lotus Group International Limited

Signature:	/s/ Qingfeng Feng
Name/Title:	Qingfeng Feng
Date:	06/12/2026

FAQ

How much of Lotus Technology Inc. does Eric Li (Li Shufu) beneficially own?

Eric Li beneficially owns 338,624,525 ordinary shares of Lotus Technology Inc., representing 52.3% of the outstanding class. This majority stake is held through several affiliated entities that collectively provide him with sole voting and dispositive power over these shares.

What changed in Lotus Group International Limited’s ownership of Lotus Technology (LOT)?

Lotus Group International Limited now reports 0 ordinary shares of Lotus Technology, or 0% of the class. After transferring shares to Geely International (Hong Kong) Limited and Etika, LGIL ceased to beneficially own more than 5% and is no longer a reporting person.

What are the stakes of LATLP and LTIIL in Lotus Technology Inc. (LOT)?

Lotus Advanced Technology Limited Partnership holds 186,648,945 ordinary shares, or 28.8% of Lotus Technology. Lotus Technology International Investment Limited holds 108,740,886 ordinary shares, or 16.8%. Both entities contribute to the overall beneficial ownership associated with Eric Li and Geely-related structures.

How many Lotus Technology shares were transferred from LGIL to Geely HK and Etika?

On June 10, 2026, Geely International (Hong Kong) Limited received 24,477,676 ordinary shares and Etika received 23,517,767 ordinary shares from Lotus Group International Limited. These transfers occurred upon final settlement of put options related to Lotus Advance Technologies Sdn. Bhd.

What is the total number of Lotus Technology ordinary shares outstanding?

Lotus Technology had 647,687,049 issued and outstanding ordinary shares as of May 20, 2026. This share count excludes ordinary shares issued to the ADS depositary for future awards and is used to calculate all reported ownership percentages in the amendment.

What are the put option agreements mentioned in the Lotus Technology 13D/A?

The company entered into put option agreements with Geely HK and Etika, granting them rights to sell equity in Lotus Advance Technologies Sdn. Bhd. to the issuer. When both exercised, settlement occurred with share transfers of Lotus Technology stock from LGIL to Geely HK and Etika.