LOT

Operational and financial results demonstrate early progress of Focus 2030 strategy. Successful launch of the first PHEV model contributed to 39% YoY growth in deliveries to 3,904 vehicles. Total revenues of $268 million, up 23% YoY, driven by strong momentum in the China market. Gross margin expanded to 10%, supported by an optimized product mix. Operating loss narrowed by 63% YoY, driven by cost discipline, improving operating leverage, and a one-off license fee refund. Lotus Tech has completed the acquisition of 100% equity interest of Lotus UK, integrating all businesses and operations under One Lotus. Continued shareholder support with $128 million in funding. NEW YORK, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today announced its unaudited financial results for the half year ended June 30, 2026. Operating Highlights of the First Half of 2026 In the first half of 2026, the Company recorded total deliveries1 of 3,904 units, up 39% YoY, outperforming the referenced traditional premium and luxury peers2. Growth was driven by the successful launch of the new PHEV model, Eletre X, which resonated strongly with customers and expanded the brand’s reach into new segments. The introduction of Eletre X has accelerated the Company’s product mix transition, with contribution of lifestyle vehicles to total deliveries increasing to 77%, while maintaining stable performance in its sports car segment. Eletre X has been delivered in China and six international markets. Deliveries in mainland Europe are expected to commence in the fourth quarter of 2026, followed by the UK in mid-2027. Regionally, China experienced strong growth in total deliveries with an increase of 60% YoY, outpacing the premium passenger automotive segment3 amid an increasingly competitive landscape. Financial results improved during the period. Total revenues were $268 million, an increase of 23% YoY. Gross profit improved to $26 million, with gross margin expanding to 10%, driven by an optimized product mix. Operating loss narrowed by 63% YoY, reflecting disciplined financial management, improving operating leverage, and a one-off refund of the license fee in connection with adjustments to the product pipeline4. On August 21, the Company completed the previously announced acquisition of Lotus UK. The integration brings together British sports car expertise and advanced technology development, and is expected to create a unique position within the luxury automotive sector, with a unified brand, streamlined governance, and enhanced synergies. The achievements underscore the early success of the Company’s Focus 2030 strategy, which is centered on brand reinforcement, multi-powertrain strategy, close partner collaboration, and financial discipline. The strong market reception of Eletre X validates the Company’s multi-powertrain strategy, while margin expansion and a significantly narrowed operating loss reflect continued financial discipline. The integration resulting from the Lotus UK acquisition is expected to further strengthen brand management and operational efficiency. The Company also continues to benefit from the strong support from its major shareholders and strategic partners. During the first half of 2026, it secured $128 million in funding from Geely, reinforcing confidence in its long-term strategy and providing a foundation for continued growth. Financial Highlights of the First Half of 2026 Total revenues were $268 million, up 23% YoY. Gross margin was 10%, versus 8% for the first half of 2025. Operating loss was $97 million, narrowed by 63% YoY. Net loss was $151 million, narrowed by 52% YoY. Adjusted EBITDA (non-GAAP) was a loss of $104 million, narrowed by 57% YoY. (A) Non-GAAP measure. See “Non-GAAP Financial Measures” and “Appendix C – Unaudited Reconciliation of GAAP and Non-GAAP Results (Adjusted net loss/Adjusted EBITDA)” for details and a reconciliation of adjusted metrics to the nearest GAAP measure. Recent Developments Eletre Launched in Canada: On April 23, Eletre EVs debuted in the Canadian market, making them the first Chinese-built luxury EVs available for purchase in Canada and making another milestone in the Company’s international expansion strategy. Emira 420 Sport: In May, Lotus introduced the Emira 420 Sport, further strengthening its sports car portfolio and reinforcing the brand’s commitment to preserving its track-bred DNA. Type 135 Supercar for 2028: Lotus has officially announced the development of a new mid-engine V8 hybrid supercar, internally codenamed Type 135, scheduled for release in 2028, underscoring its long-term commitment to high-performance vehicles. Eletre X Orders Open in Mainland Europe: On June 3, Eletre X became available to order in mainland Europe, representing an important step in the international rollout of the Company’s first PHEV model. Customer deliveries are expected to commence in the fourth quarter of 2026. 2025 Sustainability Report: On June 18, Lotus released its 2025 Sustainability Report, highlighting continued progress in embedding sustainability across its global operations. Emira Scura Limited Edition Launched: On July 26, Lotus launched the Emira Scura Limited Edition in China. Arriving 17 years after the Exige Scura, the Emira Scura pays homage to that model with a similarly striking design and is limited to just 9 units in China and 60 units in North America. Emeya Sets New Electric Vehicle Lap Record: On July 20, Lotus Emeya set a new record at Malaysia’s renowned Sepang International Circuit, reinforcing the brand’s performance credentials. Strategic Collaboration: On July 28, the Company announced a strategic collaboration with Finloop Finance Technology, an AI-driven global one-stop Web5 (Web2+Web3) wealth technology platform, and FOMO Pay, a leading Singapore-headquartered payment institution, to explore digital asset and real-world asset (RWA) tokenization in the luxury mobility sector. CEO and CFO Comments Mr. Qingfeng Feng, Chief Executive Officer, commented: “Our first-half performance demonstrates clear progress in executing our transformational Focus 2030 strategy. The strong demand for our new PHEV validates our multi-powertrain approach and expands our addressable market. We are encouraged by the improvement in both scale and operating performance, and remain focused on delivering sustainable, long-term value. Looking ahead, we remain fully committed to our Focus 2030 strategy, building on the momentum of our multi-powertrain approach, expanding internationally and further enhancing operating efficiency, while continuing to strengthen Lotus’ track-bred DNA through vehicles such as the Emira 420 Sport and the upcoming V8 hybrid sports car, Type 135.” Dr. Daxue Wang, Chief Financial Officer, commented: “We are seeing tangible results from our disciplined financial management and improving operating leverage. Margin expansion and significant reduction in operating loss highlight the effectiveness of our product strategy and cost control. With continued support from our shareholders, we are well positioned to further strengthen our financial performance in the coming periods.” Conference Call Lotus Tech management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Thursday, August 27, 2026 (14:00 Central European Time / 20:00 China Standard Time on the same day). There will be a live audio webcast and limited-time replay available on the Company’s investor relations website at https://ir.group-lotus.com/news-events/events/ Participants who wish to view the live webcast may register at https://edge.media-server.com/mmc/p/fna84dsa Participants who wish to join the conference call, please complete online registration prior to the scheduled call start time using the link provided below. Upon registration, participants will receive a confirmation email with conference call access information, including dial-in numbers and a unique PIN. Participant online registration link: https://register-conf.media-server.com/register/BIb14ba874347b4170a033130cedc8bcac Note 1: Including commissioned deliveries in the U.S. market. Note 2: Based on publicly disclosed information of Ferrari, Lamborghini, Aston Martin, Rolls-Royce, Porsche, BMW, Mercedes-Benz, Audi, and Volvo. Note 3: Based on market data of retail sales volume in the first half of 2026 in mainland China. Premium auto segment refers to passenger vehicles priced over RMB 400,000. Note 4: Excluding the one‑off license fee refund, the operating loss in the first half of 2026 was $195 million, narrowed by 26% YoY. Note 5: Americas includes the U.S., Canada and South America. About Lotus Technology Inc. Lotus Technology Inc. has operations across the UK, the EU, the US and China. The Company is dedicated to delivering high-performance sports cars and luxury lifestyle electric vehicles under Lotus Brand, a global performance brand built on solid foundations and a rich heritage, with a focus on world-class R&D in next-generation automobility technologies and designs to meet its uncompromising vision of how a car should look, perform and feel. 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 [email protected] Appendix A Lotus Technology Inc. Unaudited Condensed Consolidated Balance Sheets (All amounts in thousands) Lotus Technology Inc. Unaudited Condensed Consolidated Balance Sheets (Continued) (All amounts in thousands) Lotus Technology Inc.Unaudited Condensed Consolidated Balance Sheets (Continued) (All amounts in thousands) Appendix B Lotus Technology Inc. Unaudited Condensed Consolidated Statements of Comprehensive Loss (All amounts in thousands, except for share and per share data) Lotus Technology Inc. Unaudited Condensed Consolidated Statements of Comprehensive Loss (Continued) (All amounts in thousands, except for share and per share data) Appendix D Lotus Technology Inc. Unaudited Reconciliation of GAAP and Non-GAAP Results (Adjusted net loss/Adjusted EBITDA) (All amounts in thousands)

Interested in Lotus Technology Inc. Sponsored ADR? Here are five stocks we like better. Lotus Technology’s first-half performance improved: Deliveries rose 39% to 3,904 vehicles and revenue increased 23% to $268 million, while gross margin reached 10% and adjusted EBITDA losses narrowed 57% year over year. China and the Eletre X plug-in hybrid drove growth: China deliveries increased 60% and accounted for 58% of total deliveries, with the Eletre X generating 2,200 cumulative orders and more than 1,800 deliveries. Lotus expects to expand the model into Europe and the Middle East, where it anticipates higher margins than for pure-electric vehicles. Lotus is targeting long-term scale and profitability: Its Focus 2030 plan calls for 30,000 annual vehicles, gross margins above 20% and positive EBITDA, supported by Geely synergies and the acquisition of Lotus UK. Management cautioned that near-term consolidation costs could widen losses, while the company plans a mid-engine hybrid Type 135 sports car for 2028. Lotus Technology (NASDAQ:LOT) reported higher first-half deliveries and revenue for 2026, while narrowing its operating and net losses as the luxury automaker emphasized its new multi-powertrain strategy, cost controls and integration with Lotus UK and the Geely ecosystem. The company delivered 3,904 vehicles in the first half, up 39% from a year earlier. Revenue increased 23% to $268 million, supported by delivery growth and momentum in China. Average selling price declined 3% year over year, which Chief Financial Officer Daxue Wang attributed to a greater proportion of deliveries from the lower-priced Eletre X plug-in hybrid model. → Quantum Computing Is Raising the Stakes for Cybersecurity: 5 Stocks to Watch Gross margin improved to 10%, up 1.6 percentage points from the prior-year period, while gross profit rose 47% year over year to $26 million. Wang said the improvement reflected product-mix changes, supply-chain synergies and scale benefits that reduced per-vehicle manufacturing costs. Lotus said its operating loss narrowed 63% year over year to $95 million in the first half. The company said the result included a one-time licensee refund related to product-pipeline adjustments. Excluding one-off effects, operating loss narrowed 26% to $195 million, according to Wang. → NVIDIA Reveals $21 Billion SpaceX Stake: Signal of Confidence or Circular Financing? Adjusted EBITDA loss narrowed 57% to $104 million, compared with a $240 million loss a year earlier. Operating expenses fell 46% to $127.5 million, although the reported figure included the impact of the one-time item. Excluding that adjustment, research-and-development expense was $96 million, up 4% year over year, driven by investment in the Eletre X. Selling and marketing expense increased 5% to $83 million as sales commissions and launch-related marketing costs rose, while general and administrative expense declined 27% to $46 million. Wang said Lotus intends to pursue profitability through product positioning, mix optimization and cost-reduction measures. He added that more than 50% of components in its lifestyle vehicles are shared with Geely, enabling the company to use Geely’s centralized procurement and supplier network. → Berkshire Boosts Its Bet: This AI Hyperscaler Is Now a Top-3 Holding Lifestyle vehicles represented 77% of Lotus deliveries during the period. China deliveries rose 60% year over year and accounted for 58% of total deliveries, remaining the company’s largest market. Deliveries outside China increased 17.4%, including 45% growth in the Americas and 164% growth in other regions. European deliveries declined 17% amid intensifying competition in luxury battery-electric vehicles. Chief Executive Officer Qingfeng Feng said the Eletre X, known in China as For Me, has been central to the company’s domestic performance. As of June 30, Lotus had received 2,200 cumulative orders for the model in China and delivered more than 1,800 units. The company said 63% of buyers were new Lotus customers and more than 70% selected higher-specification versions. Feng said Lotus’ share of China’s passenger vehicle market above RMB 500,000 reached nearly 2% in the second quarter following the model’s late-March launch. The company plans to begin Eletre X deliveries in Europe during the fourth quarter and in Middle East markets in December. U.K. launches are planned for mid-2027. Management said it expects the hybrid model to generate a higher gross margin than its pure-electric vehicles because of its smaller battery pack, lower bill-of-materials cost, platform sharing with Geely and expected scale improvements as production reaches steadier volumes. Lotus outlined its Focus 2030 strategy, which centers on preserving its performance-oriented brand identity, offering electric, hybrid and internal-combustion powertrains, expanding operational synergies and improving financial results. Annual sales volume target of 30,000 vehicles as the portfolio matures. Sales-volume compound annual growth rate target of 36% from 2025 through 2030. Gross-margin target above 20% by 2030. Combined selling, general and administrative, and R&D expenses targeted at less than 25% of revenue by 2030, with EBITDA turning positive. The company said it operated 217 retail locations as of June 30, including 65 in China, 60 in Europe, 53 in the Americas and 39 in other markets. Management said it is expanding and refining its dealer network, including in South America, northern China, the Middle East and the Caucasus region. Feng said Lotus completed its acquisition of Lotus UK on Aug. 21 and is accelerating integration under its “One Lotus” strategy. Wang said the combination is expected to bring together Lotus UK’s sports-car operations and Lotus Technology’s lifestyle-vehicle business, with shared R&D, manufacturing and supply-chain functions intended to reduce costs and improve efficiency. Wang said consolidation will result in full gross vehicle revenue recognition for Emira sales in the U.S., where proceeds previously were recorded on a net-revenue basis, and will add Lotus UK vehicle and service revenue. However, he said the near-term consolidation of Lotus UK’s R&D, administrative and other costs could widen group-level losses. The company expects to provide retrospectively restated 2025 financial statements no later than the release of its 2026 annual report. Lotus also plans to introduce the Type 135 mid-engine hybrid sports car in 2028. Feng said the vehicle is expected to offer V6 and V8 variants, with the V8 version targeted to produce more than 1,000 horsepower while weighing around 1.5 tons. Management said the model is intended to bridge the Emira and Evija in Lotus’ sports-car portfolio and support both brand positioning and profitability. Looking ahead, Wang said chip-price volatility raised bill-of-materials costs by nearly 2% in the first half. Lotus is working with Geely to broaden its supplier base and optimize costs, and management expects automotive-grade chip supply and demand to rebalance around late 2026 or early 2027. Lotus Technology Inc engages in the design, development, and sale of battery electric lifestyle vehicles worldwide. It also distributes sports cars. The company sells its products under the Lotus brand. Lotus Technology Inc is based in Shanghai, China. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Lotus Technology Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

This article first appeared on GuruFocus. Deliveries: 3,904 units in 1H 2026, a 39% year-over-year increase. Revenue: $268 million in 1H 2026, up 23% year-over-year. Gross Profit: $26 million, a 47% year-over-year increase. Gross Margin: Expanded 1.6 percentage points to 10%. Operating Loss: Narrowed 63% year-over-year to $97 million; excluding one-off items, narrowed 26% to $195 million. Net Loss: Narrowed 52% year-over-year. Adjusted EBITDA Loss: Narrowed 57% to $104 million, compared with a $240 million loss in the prior-year period. Cost of Revenues: $242 million, up 21% year-over-year. Operating Expenses: $127.5 million, down 46% year-over-year. R&D Expenses: $96 million, up 4% year-over-year. Selling and Marketing Expenses: $83 million, up 5% year-over-year. General and Administrative Expenses: $46 million, down 27% year-over-year. Average Selling Price: Dropped slightly by 3% year-over-year. Retail Locations: 217 globally as of June 30, with 60 in Europe, 65 in China, 53 in the Americas, and 39 in the rest of the world. Warning! GuruFocus has detected 5 Warning Signs with LOT. Is LOT fairly valued? Test your thesis with our free DCF calculator. Release Date: August 27, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Deliveries increased 39% year-over-year to 3,904 units, outperforming the premium and luxury segments. Revenue grew 23% year-over-year to $268 million, driven by strong China market momentum. Gross profit rose 47% year-over-year to $26 million, with gross margin expanding 1.6 percentage points to 10%. Operating loss narrowed 63% year-over-year to $97 million, reflecting improved operational efficiency and cost management. The launch of the ElectroX hybrid model has been successful, with cumulative orders of 2,200 units in China and a market share of nearly 2% in the premium segment above RMB500,000. The acquisition of Lotus UK is expected to drive top-line growth and gross margin improvements through full revenue recognition and service revenue consolidation. Average selling price dropped 3% year-over-year due to a higher sales mix of the lower-priced ElectroX. European deliveries fell 17% year-over-year amid intensifying competition in the luxury segment. Chip price volatility increased battery costs by nearly 2%, pressuring gross margins, with supply-demand rebalance not expected until late 2026 or early 2027. Operating expenses, excluding one-off items, only decreased 4% year-over-year, with R&D and marketing costs still elevated. The consolidation of Lotus UK's R&D and administrative costs may widen near-term operating losses. Q: Can management comment on the thinking behind the Focus 2030 targets of 30,000 annual deliveries, over 20% gross profit margin, and positive EBITDA, and what gives you confidence in achieving them? A: CEO Feng Qingfeng expressed strong confidence in the medium-to-long-term targets, underpinned by brand reinforcement through global motorsports and the Type 135 hypercar launch, global channel expansion (217 retail stores as of June 30), and a comprehensive product portfolio covering both PHEV and pure electric models. CFO Daxue Wang added that the financial path relies on driving synergies with Geely, noting that 50% of lifestyle vehicle components are shared with Geely, leveraging centralized procurement for cost reductions. He also highlighted that sharing R&D platforms with Geely avoids over $1 billion in potential in-house development costs, while the full integration of Lotus UK will unlock substantial synergies and diversify revenue streams through high-end customization and limited edition models. Q: Since the Lotus For Me (ElectroX) PHEV model launched in March, can you discuss the order intake, delivery, initial market response, and expectations for sales and margin? A: CEO Feng Qingfeng reported that as of June 30, cumulative orders for the For Me in China stood at 2,200 units, with deliveries exceeding 1,800 units, largely in line with expectations. EU deliveries are scheduled to commence in Q4, with Middle East markets following in December. He noted that as a hybrid with a smaller battery pack and lower bill of materials cost, the For Me commands a higher gross margin than pure electric vehicles. The model benefits from deeper collaboration with Geely, leveraging platform sharing and economies of scale. Notably, 63% of buyers are new to the Lotus brand, and over 70% opted for the highest spec variant. The model helped lift Lotus's market share in China's above-RMB500,000 passenger vehicle segment to nearly 2% in Q2. Q: Can you provide an update on the strategic rationale and logic behind the Type 135 hybrid sports car? A: CEO Feng Qingfeng explained that the Type 135 marks the return of a mid-engine V8 model after 22 years, bridging the product gap between the Emira and the Evija. It will leverage Lotus's expertise in aerodynamics, lightweight engineering, and chassis tuning to establish a new technical benchmark. The model will enter GT3 competitions, elevating the brand. From a market demand perspective, global sports car sales reached 150,000 units in 2025, with a CAGR of 79% from 2022 to 2025, and the addressable market is expected to grow to 220,000 units by 2030. The hybrid share in the above-$600,000 sports car market in Europe and the US is rising, from 26% in 2025 to 35% in H1 2026. The Type 135's V6/V8 hybrid approach offers compliance with emission regulations while preserving Lotus's DNA of lightweight engineering and track-focused dynamics. Q: Can you give an update on the financial impact and guidance post the official closing of the Lotus UK acquisition, and when will the company start to disclose consolidated results? A: CFO Daxue Wang stated that the combined Lotus brand will preserve its global consistent positioning as a high-performance luxury provider. The Hethel UK side will focus on ICE and PHEV sports car lines with differentiated strategies centered on limited edition models, while the Wuhan China facilities will handle EV and PHEV lifestyle vehicles under a volume production strategy. Financially, top-line growth is expected for two key reasons: Emira vehicle sales in the US will now be fully recognized as gross vehicle revenue (previously accounted for under the net revenue method), and service revenue from Lotus UK will be consolidated. However, near-term consolidation of Lotus UK's R&D and administrative costs may result in wider group-level losses. As the business combination is under common control, the company is required to carry out retrospective restatement for consolidated financial statements, with the restated FY2025 statements expected to be disclosed later than the 2026 annual report release date. Q: Could you talk about the drivers behind the gross margin improvement from 8% to 10% in the first half, and how memory chip costs are impacting margins and the outlook for 2027? A: CFO Daxue Wang attributed the gross margin improvement primarily to two factors: product mix optimization, with the delivery share of higher-margin PHEV models rising significantly, and supply chain synergies and economies of scale gradually taking effect, supported by Geely's global supply chain system and flexible production capabilities. Regarding chip pricing, Wang noted that chip price volatility alone drove a nearly 2% increase in bill of materials costs, putting pressure on gross margins. However, the company has been actively collaborating with the Geely Group to expand the supplier base and has identified cost optimization measures to offset the chip-driven cost increases. He expects supply and demand to rebalance around late 2026 and early 2027 as upstream wafer expansion comes online, with prices returning to a reasonable range, providing further room for gross margin improvement. Q: How do you plan to sustain growth momentum in the second half of this year, and what are the key growth drivers? A: CEO Feng Qingfeng outlined region-specific strategies. For China, the company will maintain the For Me's market momentum through integrated test-drive experience programs, introduce new high-performance products like the Emira 420 Sports and Electra/EMEYA 900 Gold Editions to elevate brand awareness, strengthen customer engagement and referral rates, and leverage hybrid models to enhance the sales network footprint in Northern China. In Europe, the focus will be on the ElectroX launch, shifting marketing strategies from brand exposure to sales conversion with a sharpened focus on high-conversion channels and CRM. In the Americas, deliveries will commence in Brazil, and the Emira 424 will capture demand created by the discontinuation of the Porsche 718. For the rest of the world, the most significant milestone is the official market launch of the PHEV product in the Middle East, with the ElectroX scheduled to arrive by year-end. Q: What were the key drivers behind the significant narrowing of operating losses in the first half of 2026? A: CFO Daxue Wang reported that the operating loss narrowed 63% year-over-year to $97 million in H1 2026. This improvement stemmed from rigorous financial management, better operating leverage, and a one-off license fee refund linked to product pipeline adjustments. Excluding these one-off items, the operating loss narrowed 26% year-over-year to $195 million, demonstrating the company's ongoing focus on driving operational efficiency and upholding strict financial For the complete transcript of the earnings call, please refer to the full earnings call transcript.

NEW YORK, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today announced that it will report its unaudited financial results for the first half of 2026 on Thursday, August 27, 2026, before market opening in the United States. The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Thursday, August 27, 2026, (14:00 Central European Time / 20:00 China Standard Time on the same day). There will be a live audio webcast and a limited-time replay available on the Company’s investor relations website at https://ir.group-lotus.com/news-events/events. Participants who wish to view the live webcast may register at https://edge.media-server.com/mmc/p/fna84dsa. Participants who wish to join the conference call, please complete online registration prior to the scheduled call start time using the link provided below. Upon registration, participants will receive a confirmation email with conference call access information, including dial-in numbers and a unique PIN. Participant online registration link: https://register-conf.media-server.com/register/BIb14ba874347b4170a033130cedc8bcac. About Lotus Technology Inc. Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalization and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com. Forward-Looking StatementsThis 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 Technology Inc. undertakes no obligation to update any forward-looking statement, except as required under applicable law. Contact InformationFor investor [email protected]

Lotus Tech is advancing the strategic acquisition of Lotus UK targeted to close in 2026, to unify brand positioning and improve operational efficiency. Comprehensive pre-acquisition and integration planning is in progress to unlock full synergies and support the execution of the Company’s Focus 2030 long-term strategy. The Company temporarily suspends the release of financial results for the first and third quarters in 2026 to prioritize acquisition- related compliance work. NEW YORK, June 12, 2026 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today provided an update on recent developments and announced the temporary suspension of the publication of earnings releases for the first quarter and third quarter of fiscal year 2026. Recent Developments Enhanced Global Presence: On April 3, 2026, Lotus showcased the latest Emira models at the New York International Auto Show, bringing Lotus’ performance legacy to one of North America’s most prominent automotive stages. On April 24, 2026, Lotus unveiled its brand-new Hyper Hybrid SUV Eletre X Black & Gold Limited Edition at Auto China 2026 in Beijing. The dual showcase across key global events underscores Lotus’ strong premium brand influence and broad market recognition worldwide. Eletre Launch in Canada: On April 24, 2026, Eletre officially entered the Canadian market via export, bringing Lotus into the high-performance luxury SUV segment in North America. This milestone reflects the Company’s continued expansion into new segments and markets. Focus 2030: On May 11, 2026, Lotus announced Focus 2030, an evolved business strategy designed to underpin its competitiveness and transformation into a more flexible and sustainable business model ensuring market resilience amid external headwinds. Emira 420 Sport: On May 26, 2026, Lotus introduced the Emira 420 Sport - the most powerful, lightest and most aerodynamically capable Emira to date. It reinforces Lotus’ commitment to preserving its DNA by delivering greater agility, response and driver engagement. Updates on Strategic Acquisition of Lotus UK & Suspension of the First and Third Financial Report in 2026Lotus Tech is preparing for and steadily advancing the strategic acquisition of Lotus UK, which is expected to be closed in 2026. The acquisition will enable Lotus Tech and Lotus UK to operate under the One Lotus strategy, maintain a consistent global identity as a high-performance luxury brand, strengthen worldwide recognition, and maximize the heritage of the brand. Because the transaction is expected to constitute an acquisition under common control, Lotus Tech is working closely with Lotus UK to conduct comprehensive preparations across regulatory filings, SOX compliance, operational system alignment and financial reporting, aiming to ensure a seamless post-acquisition transition. Meanwhile, the Company continues to refine the integration plan to fully capture synergies across R&D, supply chain, administration, etc., driving cost optimization and operational efficiency. These efforts are aligned with the Lotus Focus 2030 strategy, which underpins a transformation toward greater flexibility and sustainability, and strengthens overall competitiveness and market resilience against external headwinds. In order to prioritize resources for the strategic acquisition of Lotus UK, Lotus Tech is temporarily suspending the release of financial results for the first and third quarters of 2026. Lotus Tech will continue to report its financial results for the first half and full fiscal year of 2026. Dr. Daxue Wang, Chief Finance Officer of Lotus Tech, said, "Pending the closing of the transaction we are suspending earnings release for Q1 and Q3 of 2026. We are seeing great momentum in the luxury EV strategy and continue to be laser focused on delivering on our growth strategy. The temporary adjustment to our 2026 reporting schedule enables our teams to prioritize the successful execution of the Lotus UK acquisition and integration process. We believe this is an important step in strengthening our global platform and supporting sustainable long-term growth.” Lotus Tech reaffirms its unwavering commitment to maintaining a high level of transparency for investors and stakeholders and will continue to comply with all applicable U.S. securities laws and Nasdaq listing requirements. This adjustment does not impact the Company’s underlying business operations or financial fundamentals. At the same time, Lotus Tech continues to see encouraging operational momentum across key markets – the recent entry into Canada marks an important step in expanding its North American footprint, reflecting growing demand for premium electric vehicles and a progressively supportive trade and regulatory environment. Building on its global product pipeline and strategic initiatives under Focus 2030, the Company remains confident in its ability to deliver sustained growth and strengthen its financial performance over the long term. About Lotus Technology Inc. Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalization and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com. Forward-Looking StatementsThis 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 Technology Inc. undertakes no obligation to update any forward-looking statement, except as required under applicable law. Contact InformationFor investor [email protected]

Deliveries and revenue fell sharply: Lotus delivered 1,908 vehicles in Q4 and 6,520 for full-year 2025 (a 64% YoY drop), with revenue of $163 million in Q4 and $519 million for the year—declines management attributed to tariffs, phased upgraded-model rollouts, inventory actions and intensified competition. Profitability trends improved materially: Gross margin rose to 10% in Q4 (from -11% a year earlier) and 9% for the year, while operating losses narrowed (Q4 operating loss of $66M) due to clearing aged inventory, cost controls, Geely procurement benefits and higher-margin service revenue. Strategic PHEV launch to broaden addressable market: Lotus launched its first plug-in hybrid, the For Me (Eletre X in the EU), aiming to reach buyers in markets slower to adopt full EVs and to capitalize on lower PHEV tariffs in Europe and improved U.S./U.K. tariff clarity. Interested in Lotus Technology Inc. Sponsored ADR? Here are five stocks we like better. Lotus Technology (NASDAQ:LOT) reported lower vehicle deliveries and revenue for the fourth quarter and full year 2025, while emphasizing improved gross margin and reduced losses as the company worked through tariff disruption, inventory actions, and a shifting product mix. Management also highlighted the early progress and strategic importance of its first plug-in hybrid model, For Me (sold as Eletre X in the European Union), as it seeks to broaden demand in markets where battery-electric adoption is slower. Chief Financial Officer Daxue Wang said the company delivered 1,908 vehicles in the fourth quarter, including 1,239 lifestyle SUVs and sedans and 670 sports cars. Full-year 2025 deliveries totaled 6,520 units, which Wang said represented a 64% year-over-year decrease, citing a year “marked by the impact of tariffs, the phased start of the upgraded models deliveries, and intensified market competition.” → This New ETF Aims to Capitalize on Surging AI Memory Chip Demand Total revenue was $163 million in the fourth quarter, down 40% year-over-year, and $519 million for the full year, down 44% year-over-year. Wang said sales of goods fell 48% to $463 million on lower volume, while services revenue rose 69% to $56 million, “primarily due to the R&D service revenue.” Wang said gross margin improved to 10% in the fourth quarter from -11% a year earlier. For the full year, gross margin improved to 9% from 3% in 2024. He attributed the improvement to the global rollout of upgraded models, a more favorable sales mix, “healthier inventory dynamics,” and cost control. → GPU Prices Are Surging—3 Ways to Play the AI Chip Shortage During the question-and-answer session, Wang cited three main drivers of the margin improvement: Clearing aged vehicle inventory in the first half of the year, followed by “a higher proportion of new vehicle sales” and reduced variable sales subsidies in the second half. Lower material costs through Geely’s centralized procurement platform. A higher share of “high-margin service revenue.” Asked about the durability of service revenue, Wang said service revenue is mainly comprised of R&D service revenue and vehicle service income, and that in 2025, R&D service revenue represented over 75% of the total. He said the customers include “first-tier OEM manufacturers,” which he said demonstrates market recognition of the company’s R&D capabilities and ability to commercialize intellectual property. → 5 Space Stocks Already Climbing Ahead of the SpaceX IPO Wang said operating loss narrowed 65% year-over-year to $66 million in the fourth quarter, adding that sequential quarterly reductions in operating losses reflected a focus on operational efficiency. For the full year, Wang said operating loss narrowed 46% year-over-year and net loss decreased 58% year-over-year. On a non-GAAP basis, adjusted EBITDA improved 63% year-over-year to a loss of $356 million, compared with a loss of $961 million in 2024. Expense reductions were broad-based. Wang said full-year R&D expense was $171 million, down from $275 million in 2024, reflecting “targeted prioritization” of technology investments. Selling and marketing expense fell to $153 million from $322 million, and general and administrative expense declined to $136 million from $227 million. Asked whether cost controls are sustainable, Wang said the plan is built on “structural long-term initiatives rather than these temporary measures.” He said the company is leveraging Geely R&D resources to improve R&D efficiency, managing marketing spend more dynamically, and streamlining organizational and administrative structures. Wang said 45% of full-year deliveries came from China, 34% from Europe, 16% from North America, and 5% from the rest of the world. He also said sports car deliveries to North America posted “remarkable” quarter-over-quarter growth in the fourth quarter despite a 5% local price increase. Wang said earlier tariff hikes weighed on second-quarter sales, while a reduction in U.S. tariffs on U.K. auto imports to 10% brought more policy clarity, and he described a recovery in U.S. sports car sales in the third and fourth quarters. In response to a question about the delivery decline, Chief Executive Officer Qingfeng Feng, speaking through a translator, pointed to tariff uncertainty and its knock-on effects on production and inventory. Feng said the U.S. tariff on U.K.-made vehicles affected volumes “about 60%,” and said U.S. and EU tariffs against Chinese-made EVs pressured pricing in Europe, while “for the U.S. market, basically, it is impossible for us to enter,” in reference to Chinese-made EVs. Feng said Lotus began destocking in 2025 and adjusted its product lineup, which also contributed to later market entry due to logistics. He added that stock levels were reduced “by 43% to a very healthy level,” which he said set a foundation for 2026. Despite geopolitics, Feng cited “new opportunities,” including the U.S.-U.K. tariff settling at 10%, which he said is beneficial for Emira sales and that “Emira sales in the U.S. have been recovered to a normal status.” He also said Canada announced a change that would lower tariffs on China-made EVs “from 100%-6.1%,” which he described as supportive of North American expansion, given the Eletre is already certified for the U.S. Feng also highlighted what he characterized as resilience in China, saying Lotus sales volume in China increased about 3% year-over-year even as the luxury market segment priced above RMB 400,000 declined. He added the company is exploring new markets, including Brazil, where he said a dealer is in place and a shop is expected to open mid-year, with a first batch of vehicles already wholesaled. Feng described 2025 as a turning point in the company’s strategic transformation and said Lotus is developing its product lineup with expanded powertrain options, including hybrids. He said new variants of Emeya, Eletre, and Emira were launched and delivered in major markets in 2025, and that the sales proportion of new models increased. Feng said Lotus launched its first hybrid model in 78 years, the For Me (Eletre X in the EU), in the first quarter of 2026, with deliveries beginning one day after launch. He said For Me aims to address markets moving more slowly toward full EVs—citing Italy, Spain, and Saudi Arabia—and to reach customers with range anxiety. On early demand, Feng said orders since the March 29 launch were “actually tally our expectation,” and he said the model has increased the company’s consumer reach. He cited visibility metrics in China, including ranking “20th on the vehicle consultation targets” on Douyin and “10th” on an integrated platform for vehicles priced above RMB 500,000. Feng also discussed the market backdrop for premium PHEVs in China, citing growth in the PHEV SUV segment priced above RMB 400,000. He said Lotus is seeing interest from a broader demographic, including company management, and that owners of the BMW X5 and Porsche Cayenne have shown notable interest. For Europe, Feng said the tariff on Chinese-made PHEVs is 10% versus 28.8% for Chinese-made EVs, calling the difference an opportunity. He said For Me/Eletre X will be launched gradually globally in the second half of the year, with wholesale deliveries in the EU beginning at the end of October. Looking ahead, Wang said the company expects further gross margin improvement in 2026 despite headwinds such as higher battery and chip costs, citing expectations for declining procurement costs, production costs, and unit depreciation and amortization, while maintaining pricing. Wang also said an “ongoing merger with the U.K. Lotus Cars” is expected to enhance production efficiency and support gross margin growth. During a webcast question about rising oil prices, Feng said higher oil prices could be “good news overall for new energy vehicle,” particularly for PHEVs, and reiterated For Me’s flexibility to operate on fuel or battery. He also noted potential headwinds, including higher supply chain and bill-of-material costs, and said higher oil prices could spur more luxury OEMs to accelerate into the PHEV segment. Lotus Technology Inc engages in the design, development, and sale of battery electric lifestyle vehicles worldwide. It also distributes sports cars. The company sells its products under the Lotus brand. Lotus Technology Inc is based in Shanghai, China. The article "Lotus Technology Q4 Earnings Call Highlights" was originally published by MarketBeat.

This article first appeared on GuruFocus. Vehicle Deliveries (Q4 2025): 1,908 vehicles, including 1,239 lifestyle SUVs and Sedans, and 670 sports cars. Total Deliveries (Full Year 2025): 6,520 units, a 64% year-on-year decrease. Revenue (Q4 2025): $163 million, a 40% year-on-year decrease. Total Revenue (Full Year 2025): $519 million, a 44% year-on-year decrease. Sales of Goods (Full Year 2025): $463 million, a 48% year-on-year decrease. Services Revenue (Full Year 2025): $56 million, a 69% year-on-year increase. Gross Margin (Q4 2025): Improved to 10% from negative 11% in Q4 2024. Gross Margin (Full Year 2025): Improved to 9% from 3% in 2024. Operating Loss (Q4 2025): Narrowed by 65% year-on-year to $66 million. Research and Development Expenses (Full Year 2025): $171 million, down from $275 million in 2024. Selling and Marketing Expenses (Full Year 2025): $153 million, down from $322 million in 2024. General and Administrative Expenses (Full Year 2025): $136 million, down from $227 million in 2024. Net Loss (Full Year 2025): Decreased by 58% year-on-year. Adjusted EBITDA (Full Year 2025): Improved by 63% year-over-year, narrowing to a loss of $356 million from $961 million in 2024. Sales Outlets (End of 2025): 211 worldwide, with 67 in Europe, 58 in China, 48 in North America, and 38 in the rest of the world. Warning! GuruFocus has detected 5 Warning Signs with LOT. Is LOT fairly valued? Test your thesis with our free DCF calculator. Release Date: April 10, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Lotus Technology Inc (NASDAQ:LOT) improved its gross margin significantly to 10% in Q4 2025, up from negative 11% in the same period of 2024. The company achieved a 63% year-over-year improvement in adjusted EBITDA, narrowing the loss to USD 356 million from USD 961 million in 2024. Service revenue surged 69% year-over-year to USD 56 million, driven primarily by R&D service revenue. Lotus Technology Inc (NASDAQ:LOT) successfully launched its first hybrid SUV, the Eletre X, which is expected to drive sales and revenue growth. The company secured a strategic equity investment of USD 23 million from ECARX, enhancing its global strategic partnership and innovation capabilities. Total vehicle deliveries in 2025 decreased by 64% year-on-year, reflecting intensified market competition and tariff impacts. Total revenues for the full year 2025 fell by 44% year-on-year to USD 519 million, with sales of goods dropping 48% due to lower sales volume. The geopolitical situation and tariffs have negatively impacted production, inventory, and pricing, particularly in the US and EU markets. Operating loss for Q4 2025 was USD 66 million, despite a 65% year-over-year reduction. The company faces external headwinds such as rising costs for car components like batteries and chips, which could pressure gross margins in 2026. Q: What were the main drivers behind the significant decline in delivery volumes for 2025, and how might geopolitical situations impact future sales? A: Qingfeng Feng, CEO, explained that the decline was primarily due to uncertainties around tariffs, which affected production and inventory. The US tariffs on UK-made vehicles impacted volumes by about 60%, and tariffs on Chinese-made EVs pressured pricing in the EU and US markets. Despite these challenges, the company reduced stock levels by 43% and adopted a lean organization to improve profit margins. The resolution of some tariff issues and new opportunities in North America and the EU are expected to support recovery in 2026. Q: Can you provide an update on the order intake and delivery programs for the new PHEV model, Lotus For Me? A: Qingfeng Feng, CEO, stated that the launch of the For Me model exceeded expectations, significantly increasing consumer interest and visibility. The PHEV market in China is growing, and the For Me model is expected to appeal to a broader customer base, including those with range anxiety about electric vehicles. The model will be launched in the EU in the second half of the year, where PHEV penetration is increasing due to stricter emission regulations. Q: What factors contributed to the improvement in gross margins, and what is the outlook for 2026? A: Daxue Wang, CFO, highlighted three key factors: clearing aged vehicle inventories, reducing material costs through centralized procurement, and increasing high-margin service revenue. Despite external headwinds like rising component prices, the company expects further gross margin improvement in 2026 through cost control and enhanced production and R&D efficiency. Q: What cost control measures were implemented in 2025, and are they sustainable for 2026? A: Daxue Wang, CFO, explained that the company implemented structural long-term initiatives, including leveraging R&D resources to focus on technology development, dynamically managing marketing plans, and streamlining organizational structures. These measures are expected to continue positively impacting operational efficiency in 2026. Q: How does the rising global oil price impact the company? A: Qingfeng Feng, CEO, noted that rising oil prices present an opportunity for PHEV vehicles like the For Me model, which can operate on gasoline or battery power. However, increased supply chain costs and competition from established luxury OEMs entering the PHEV market are potential challenges. The company aims to differentiate itself through customization and innovation. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Delivered 6,520 vehicles1 and achieved total revenue of $519 million in 2025. Service revenues increased 69% YoY in 2025, affirming the Company’s technology edge and validating the commercialization of its intellectual property (IP). Gross margin improved to 9% in 2025 mainly due to the commencement of upgraded model deliveries globally and disciplined cost control. Operating loss narrowed by 65% YoY and 29% QoQ in the fourth quarter, with the full-year operating loss narrowed by 46% YoY, demonstrating the Company’s commitment to operational efficiencies. Debut of Company’s first PHEV model, named For Me (Eletre X in Europe), extending product roadmap and catering to evolving consumer demands across diversified powertrain segments. NEW YORK, April 10, 2026 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today announced its unaudited financial results for the fourth quarter and the year ended December 31, 2025. Operating Highlights of the Full Year of 2025 In 2025, the Company recorded total deliveries1 of 6,520 units, a transitional performance hampered by tariff headwinds, gradual inventory destocking and the phased rollout of upgraded models. Deliveries were predominantly driven by the China and Europe markets. China delivery growth outperformed the PRC premium automotive segment2, underscoring the competitiveness of the Company’s product portfolio amid an intensifying market landscape. Service revenues surged 69% YoY in 2025 to $56 million, primarily driven by R&D service revenue. The commercialization of the Company’s intellectual property through technical licensing and other avenues demonstrated significant market recognition of its pioneering technologies. Operating loss narrowed by 65% in the fourth quarter and 46% in the full year of 2025 on a YoY basis. The consecutive reductions in operating loss in the third and fourth quarters of 2025 were mainly driven by optimized product mix and stringent expense control, demonstrating the Company’s operational resilience amid intensified market competition. The Company has unveiled its first PHEV model, named For Me (also known as Eletre X in Europe), and commenced deliveries in China in March 2026, with a global release to follow, aimed at meeting worldwide customer demand for diversified powertrains. For Me is built on Lotus 900V X-Hybrid architecture, enabling a 0-100 km/h acceleration of 3.3 seconds and a combined cruising range of over 1,400 kilometers. Its comprehensive handling dynamics system delivers a 100-0 km/h braking distance of 33.9 meters, offering safety and confidence in emergency situations. Deliveries1 by Model Type Deliveries1 by Region Financial Highlights of the Full Year of 2025 Total revenues were $519 million, a 44% YoY decrease. Gross margin was 9%, versus 3% for the full year of 2024. Operating loss was $423 million, narrowed by 46% YoY. Net loss was $464 million, narrowed by 58% YoY. Adjusted EBITDA (non-GAAP) was a loss of $356 million, narrowed by 63% YoY. Key Financial Results The table below summarizes key preliminary financial results for the full year ended December 31, 2025. (in millions of U.S. dollars, unaudited) (A) Non-GAAP measure. See “Non-GAAP Financial Measures” and “Appendix D – Unaudited Reconciliation of GAAP and Non-GAAP results (Adjusted net loss/Adjusted EBITDA)” for details and a reconciliation of adjusted metrics to the nearest GAAP measure. Recent Developments Lotus Cup Racing Series: On November 30, 2025, the 2025 season of the inaugural Lotus Cup one-make racing series drew to a close at the Sepang International Circuit, with a total of 44 race-prepared Lotus Emira cars competing in the season finale. The Sepang International Circuit also hosted the season opener of the 2026 Lotus Cup one-make racing series, which officially commenced on April 3, 2026. New Strategic Investment: On December 23, 2025, the Company entered into a share subscription agreement with ECARX, pursuant to which ECARX agreed to subscribe for and purchase from the Company a total of 16,788,321 newly issued ordinary shares of the Company for a purchase price of US$23 million. This strategic investment is designed to significantly broaden the collaborative framework between the two companies, deepening the existing relationship into a more integrated, strategic global partnership. UN R171.01 Certification: On March 13, 2026, the Company announced that Eletre was certified under UN Regulation No. 171, 01 Series (UN R171.01) issued by the United Nations Economic Commission for Europe (UNECE), making it the first and only China-built model certified under this regulation and equipped with HNP function as of the press date, and making the Company the second globally operating automaker to achieve this certification. Milan Design Week: On April 1, 2026, the Company announced that Lotus will return to 2026 Milan Design Week with "IN PROGRESS", an exhibition created in collaboration with Haus of Automotive, showcasing Lotus D.N.A. design principles and Theory 1 concept, deepening luxury and craft collaborations to elevate its brand vision and global design influence. CEO and CFO Comments Mr. Qingfeng Feng, Chief Executive Officer, commented: "Despite the external headwinds facing our business, we maintained our Company’s mission and strategy by doubling down on cutting-edge technologies, refining our product mix, and providing an industry-leading driving performance. Our established global footprint is the impetus that allows us to seize first-mover gains and enables us to become the world’s second automaker to obtain UN R171.01 certification. Our differentiation and dedication to executing our growth and innovation strategy – represented by the launch of our first PHEV vehicle, which further enriches our powertrain offerings – together with our diversified product portfolio, provide us with the foundation to remain competitive in the market." Dr. Daxue Wang, Chief Financial Officer, commented: "Our improved margin performance in the fourth quarter and full year of 2025 demonstrated our continued focus on cost optimization and operational efficiency, and was also reflected in our significantly improved bottom line results. Going forward, we expect the global launch of “For Me” to supercharge sales and revenue. Additionally, we expect that by focusing on revenue growth efforts, maximizing our products and competitive positioning, and enhancing margin expansion through strict cost reductions, our business will progress toward profitability and we will deliver long-term value to our shareholders." Operating and Financial Results of the Fourth Quarter of 2025 Total revenues were $163 million, a 40% YoY decrease. Gross margin was 10%, versus -11% for the same period of 2024. Operating loss was $66 million, narrowed by 65% YoY. Net loss was $86 million, narrowed by 81% YoY. Adjusted EBITDA (non-GAAP) was a loss of $62 million, narrowed by 84% YoY. Deliveries1 by Model Type Key Financial Results The table below summarizes key preliminary financial results for the fourth quarter in 2025. (in millions of U.S. dollars, unaudited) (A)Non-GAAP measure. See “Non-GAAP Financial Measures” and “Appendix D – Unaudited Reconciliation of GAAP and Non-GAAP results (Adjusted net loss/Adjusted EBITDA)” for details and a reconciliation of adjusted metrics to the nearest GAAP measure. Conference Call Lotus Tech management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Friday, April 10, 2026 (14:00 Central European Time / 20:00 China Standard Time on the same day). There will be a live audio webcast and limited-time replay available on the Company’s investor relations website at https://ir.group-lotus.com/news-events/events/. Participants who wish to view the live webcast may register at https://edge.media-server.com/mmc/p/g29k9vbj. Participants who wish to join the conference call, please complete online registration prior to the scheduled call start time using the link provided below. Upon registration, participants will receive a confirmation email with conference call access information, including dial-in numbers and a unique PIN. Participant online registration link: https://register-conf.media-server.com/register/BIe972002f75524fe8b4ea313e70dd459a. Note 1: Including commissioned deliveries in US market. The volume of delivery previously announced by the Company was based on the number of vehicles invoiced in the China market and the number of vehicles in relation to which revenue had been recognized for markets outside China, and included commissioned deliveries in the US market. Starting from the three months ended June 30, 2025, the presentation of delivery data has been unified and the volume of delivery reported represents the number of vehicles in relation to which revenue has been recognized for all markets and includes commissioned deliveries in the US market. Historical data presented in this press release has been adjusted to reflect this change. Note 2: Based on market data of retail sales volume in 2025 in Chinese mainland. Premium auto segment refers to passenger vehicles pricing over RMB 400,000. About Lotus Technology Inc. Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle 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 D – 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 [email protected] Appendix A Lotus Technology Inc. Unaudited Condensed Consolidated Balance Sheets (All amounts in thousands) Lotus Technology Inc. Unaudited Condensed Consolidated Balance Sheets (Con’d) (All amounts in thousands) Lotus Technology Inc. Unaudited Condensed Consolidated Balance Sheets (con’d) (All amounts in thousands) Appendix B Lotus Technology Inc. Unaudited Condensed Consolidated Statements of Comprehensive loss (All amounts in thousands, except for share and per share data) 1 Shares outstanding for all periods reflect the adjustment for recapitalization upon the consummation of merger transaction in February 2024. Lotus Technology Inc. Unaudited Condensed Consolidated Statements of Comprehensive loss (cont’d) (All amounts in thousands, except for share and per share data) Appendix C Lotus Technology Inc. Unaudited Condensed Consolidated Statements of Comprehensive loss (All amounts in thousands, except for share and per share data) Lotus Technology Inc. Unaudited Condensed Consolidated Statements of Comprehensive loss (con’d) (All amounts in thousands, except for share and per share data) (i) The Company identified a mathematical error in the total other comprehensive loss in the unaudited condensed consolidated statement of comprehensive loss for the three months ended September 30, 2025, included in the Company’s press release for the third quarter of 2025 on Form 6-K previously furnished to the SEC on November 24, 2025. The financial information for the nine months ended September 30, 2025 was correctly stated. The revised total other comprehensive loss for the three months ended September 30, 2025 was US$25.2 million, comprised of US$12.4 million of “fair value changes of liabilities due to instrument-specific credit risk, net of nil income taxes” and US$12.8 million of “foreign currency translation adjustment, net of nil income taxes”, respectively. The revised total comprehensive loss and total comprehensive loss attributable to ordinary shareholders for the three months ended September 30, 2025 was US$90.6 million. The Company concluded the error was not material to the Company’s financial position or results of operations for any prior periods. Appendix D Lotus Technology Inc. Unaudited Reconciliation of GAAP and Non-GAAP results (Adjusted net loss/Adjusted EBITDA) (All amounts in thousands)

NEW YORK, April 01, 2026 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today announced that it will report its unaudited financial results for the fourth quarter and full year 2025 financial results on Friday, April 10, 2026, before market opening in the United States. The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Friday, April 10, 2026 (14:00 Central European Time / 20:00 China Standard Time on the same day). There will be a live audio webcast and limited-time replay available on the Company’s investor relations website at https://ir.group-lotus.com/news-events/events/ Participants who wish to view the live webcast may register at https://edge.media-server.com/mmc/p/g29k9vbj Participants who wish to join the conference call, please complete online registration prior to the scheduled call start time using the link provided below. Upon registration, participants will receive a confirmation email with conference call access information, including dial-in numbers and a unique PIN. Participant online registration link: https://register-conf.media-server.com/register/BIe972002f75524fe8b4ea313e70dd459a About Lotus Technology Inc. Lotus Technology Inc. has operations across the UK, the EU, and China. The Company is dedicated to delivering luxury lifestyle electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalization, and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com. 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 Technology Inc. undertakes no obligation to update any forward-looking statement, except as required under applicable law. Contact Information For investor inquiries [email protected]

MONTRÉAL, March 18, 2026--(BUSINESS WIRE)--TOMAGOLD CORPORATION (TSXV: LOT; OTCPK: TOGOF) ("TomaGold" or the "Company") is pleased to announce the voting results of its Annual General and Special Meeting of Shareholders (the "Meeting") held earlier today. Voting at the Meeting represented a total of 93,586,414 common shares of the Company, representing 31.60% of the 296,159,260 common shares, issued and outstanding. David Grondin, Michel E. Labrousse, Jean-Sébastien Jacquetin and Caitlin Jeffs were elected to the Board of Directors of the Company to serve for the ensuing year or until their successors are duly elected or appointed. The detailed results are as follows: Furthermore, the shareholders approved the following resolutions : Raymond Chabot Grant Thornton LLP was appointed as Auditor of the Company for the ensuing year, and the Board of Directors of the Company was authorized to fix their remuneration; and The ratification of the Company's amended 10% rolling stock option plan and the continuation of the plan, as described in the Company's Information Circular dated March 18, 2026. The Company also confirms that the stock options granted on December 31, 2025, as previously announced, remain valid and continue to be subject to the same terms and conditions, including the exercise price of $0.065 per share and expiry period of five years. About TomaGold TomaGold Corp. (TSXV: LOT, OTCPK: TOGOF) is a Canadian junior mining company focused on the acquisition, exploration, and development of high-potential precious and base metal projects, with a primary focus on gold and copper in Québec and Ontario. The Company’s core assets are located in the Chibougamau Mining Camp in northern Québec, where it owns the Obalski gold-copper-silver project and holds options to acquire 12 additional properties, including the Berrigan Mine, Brosnan, Radar and Dufault projects. TomaGold also holds a 24.5% joint venture interest in the Baird gold property near the Red Lake Mining Camp in Ontario. In addition, the Company has lithium and rare earth element (REE) projects in the James Bay region, strategically positioned near significant recent discoveries. Follow TomaGold: WhatsApp: https://www.whatsapp.com/channel/0029Vb79qG6LdQeiiErI1e27 LinkedIn: https://www.linkedin.com/company/tomagold-corporation Facebook: https://www.facebook.com/TomaGoldCorporation Instagram: https://www.instagram.com/tomagoldcorp X: https://x.com/tomagoldcorp Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260318264659/en/ Contacts David Grondin President and Chief Executive Officer (514) 583-3490 www.tomagoldcorp.com