Lotus Technology shares rise 5.19% premarket after reporting a 40% narrowing of operating loss and $500 million funding commitment.

Lotus Technology Inc. rose 5.19% in premarket trading, with the company reporting a narrowing of its Q2 operating loss by approximately 40% year-on-year to $263 million. Additionally, Lotus Technology received up to approximately $500 million in funding commitments from institutional investors and strategic partners, and Lotus Robotics entered into an MOU with a strategic partner for intelligent driving and Robotaxi development in Saudi Arabia.