Lotus Technology Q3 Net Loss Narrows to $65.42mln, Operating Expenses Decline 38%

Lotus Technology reported a narrower net loss in Q3, with a loss of $65.42m, down from $205.80m in the prior year. Adjusted EBITDA loss declined 70% to $54.39m. Total revenue fell 46% to $137.43m, and vehicle deliveries dropped 35% to 1,799. Operating expenses narrowed to $104.54m from $168.24m a year ago.