Lotus Technology Inc. Reports Unaudited Fourth Quarter and Full Year 2025 Financial Results

Lotus Technology Inc. announced its unaudited financial results for the fourth quarter and full year ended December 31, 2025. For the full year 2025, the company delivered 6,520 vehicles and achieved total revenues of $519 million, a 44% decrease year-over-year. Service revenues increased by 69% year-over-year to $56 million, driven by R&D services and intellectual property commercialization. Gross margin improved to 9% in 2025 from 3% in 2024, attributed to an optimized product mix and cost control. The operating loss narrowed by 46% year-over-year to $423 million, and the net loss narrowed by 58% to $464 million. The company also debuted its first PHEV model, "For Me," and received UN R171.01 certification for its Eletre model. In the fourth quarter of 2025, total revenues were $163 million, a 40% decrease year-over-year, with a gross margin of 10% and a narrowed operating loss of $66 million. The company reported a net loss of $86 million for the quarter. Key developments include a strategic investment from ECARX and participation in Milan Design Week.