Lotus Technology Inc. director reports no share ownership
Yunfeng Yan, a director of Lotus Technology Inc. (ticker LOT), filed an initial ownership report stating that no securities of the company are beneficially owned. The filing is made as an individual reporting person in connection with an event dated 02/26/2026.
Lotus Technology Inc. received a new Schedule 13D showing an updated ownership position for Eric Li (Li Shufu) and affiliated entities. Eric Li is reported to beneficially own 362,142,292 ordinary shares, representing 56.0% of the outstanding class, based on 647,082,422 ordinary shares issued and outstanding as of January 29, 2026.
The filing details holdings through several vehicles, including Lotus Advanced Technology Limited Partnership with 186,648,945 shares (28.8%), Lotus Technology International Investment Limited with 108,740,886 shares (16.8%), and Lotus Group International Limited with 47,995,443 shares (7.4%).
It also describes a PIPE transaction in which ECARX Holdings Inc. agreed on December 23, 2025 to purchase 16,788,321 newly issued ordinary shares at US$1.37 per share, for a total of US$23 millionJanuary 19, 2026, giving ECARX a direct 2.6% stake and increasing Eric Li’s beneficial ownership, triggering the switch from a passive Schedule 13G to this Schedule 13D.