Lotus Technology Secures $5 Billion Funding for Expansion

Lotus Technology, a prominent global provider of intelligent luxury travel services, has secured a commitment for up to $5 billion in funding to propel its business development and bolster liquidity. This substantial financial backing comes from two distinct agreements, one with ATW Partners and the other with Zhejiang Geely Holding Group.

The agreement with ATW Partners involves the issuance of convertible notes with a total principal amount of up to $3 billion. These notes are convertible into the company's ordinary shares and will be held in the form of American Depositary Receipts (ADS). This funding is intended to support Lotus Technology's ongoing business development and transformation initiatives. The company's CEO, Feng Jingfeng, highlighted that the new funds would enhance the company's operational capabilities and create sustainable value for shareholders.

In addition to the funding from ATW Partners, Lotus Technology has also secured a non-revolving credit facility of up to 16 billion yuan (approximately $2 billion) from Zhejiang Geely Holding Group. This credit facility, signed on July 28, 2025, will provide additional financial support to Lotus Technology and its subsidiaries.

The combined funding of up to $5 billion is a significant milestone for Lotus Technology, underscoring the confidence of its partners in the company's growth potential. With this financial backing, Lotus Technology is well-positioned to continue its expansion and innovation in the intelligent luxury travel sector. The company aims to leverage these funds to enhance its operational capabilities, drive business growth, and create long-term value for its shareholders.