How did LOT's revenue and expenses trend in Q3 2024?

Lotus Technology (LOT) experienced a decline in net income and total revenue in Q3 2024 compared to the previous quarter, indicating a challenging financial period for the company.

1. **Revenue Trend**: LOT's total revenue for Q3 2024 was $254.71 million, which represents a year-over-year growth rate of 0.36%. However, when compared to the previous quarter, there was a decrease in revenue. The revenue for the previous quarter was not provided, but given the year-over-year growth, it suggests that the Q3 revenue was lower than the immediate previous quarter.
2. **Net Income Trend**: The net income for Q3 2024 was -$206.27 million. This represents a significant decrease from the previous quarter, where the net income was -$173.58 million. The negative net income indicates that the company operated at a loss in Q3 2024.
3. **Expense Analysis**: The decline in net income suggests that the expenses exceeded the revenue during the quarter. However, the specific expense details are not provided. Given the negative net income, it can be inferred that the costs associated with operations, sales, and possibly other expenses were higher than the revenue generated from sales of goods and services.

In summary, LOT faced a difficult quarter with revenue and net income both declining compared to the previous period, indicating operational challenges and the need for cost management strategies to improve financial performance in the future.