Lotus Technology Narrows First-Half Net Loss by 32%, Revenue Up 45% YoY.

Lotus Technology reported a net loss of $313 million for 1H 2025, a 32% YoY narrowing. Revenue increased 45% YoY to $218 million, while gross margin decreased to 8.2% from 12.8% in the same period last year.

Lotus Technology Inc. (Lotus Tech), a leading global intelligent and luxury mobility provider, has released its unaudited financial results for the first half of 2025. The company reported a net loss of $313 million, a 32% year-over-year (YoY) narrowing, despite a 45% YoY increase in revenue to $218 million. Gross margin decreased to 8.2% from 12.8% in the same period last year.

Deliveries and Revenue
In the first half of 2025, Lotus Tech delivered 2,813 units, a 43% YoY decrease. Revenue was primarily driven by the China market, with deliveries of upgraded models becoming a dominant player in China’s premium luxury BEV SUV segment. Deliveries of sportscars to the North America were disrupted in the second quarter due to tariff issues but have since resumed.

Financial Highlights
- Total revenues for the first half of 2025 were $218 million, a 45% YoY decrease.
- Gross margin for the first half was 8.2%, versus 12.8% for the first half of 2024.
- Operating loss was $263 million for the first half of 2025, narrowed by 40% YoY.
- Net loss was $313 million for the first half of 2025, narrowed by 32% YoY.
- Adjusted EBITDA (non-GAAP) was a loss of $240 million for the first half of 2025, narrowed by 37% YoY.

Strategic Developments
Lotus Tech has entered into a Memorandum of Understanding (MoU) with a strategic partner to explore a Robotaxi project in Saudi Arabia. The company also received up to $500 million in funding commitments from institutional investors and strategic partners.

Outlook
Chief Executive Officer Qingfeng Feng commented, "Our ability to deliver standout performance in China's fiercely competitive landscape underscores the resilience of our strategy. We are grateful to our investors for their confidence in our vision – the recent capital injections have not only fortified our cash positions but will also accelerate our transformation into a next-generation mobility leader."

References
[1] https://www.taiwannews.com.tw/en/news/6189958