Lotus Technology inc

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Lotus Technology Inc. reports robust Q3 performance and outlines ambitious growth plans

Lotus Technology Inc. demonstrated strong performance in Q3 2024 with notable revenue and delivery growth, driven by a focus on EVs and intelligent driving technologies.
While facing challenges in gross profit margin and operational efficiency, the company outlined clear strategies for future growth and profitability.
By capitalizing on opportunities in the EV market, expanding market presence, and investing in advanced technologies, Lotus aims to achieve its ambitious sales and margin targets by 2026.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Lotus Technology, Inc. engages in the design, development, and sale of battery for electronic vehicles through its subsidiaries. It also sells luxury sports cars under the Lotus brand. The company was founded on August 9, 2021 and is headquartered in Shanghai, China.

NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus” or the “Company”), a leading global intelligent and luxury mobility provider, today announced its vehicle delivery results for the first eleven months of 2024.

Lotus Technology Announces Delivery Updates of First Eleven Months of 2024

Amazon

LAS VEGAS--(BUSINESS WIRE)--At AWS re:Invent, Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Lotus Technology (“Lotus”, NASDAQ:LOT), a leading global intelligent and luxury mobility provider, has chosen AWS as its preferred cloud provider to help support its development of intelligent, luxury car experiences. The automaker will use AWS to implement its Vision80 Strategy, a plan to transform the company into a global luxury technology brand by 2028. W.

Lotus Chooses AWS as Its Preferred Cloud Provider to Advance Connected and Automated Vehicles

NEW YORK, Nov. 29, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or “the Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, was awarded the Green Apple Environment Award for its commitment to sustainable environmental practices.

Lotus Technology Wins Green Apple Award for Environmental Practices

NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today announced its unaudited financial results for the third quarter and first nine months ended September 30, 2024.

Lotus Technology Reports Unaudited Third Quarter and First Nine Months 2024 Financial Results

NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global luxury electric vehicle maker, today announced that it will report its unaudited third quarter 2024 financial results on November 21, 2024, before market opening in the United States.

Lotus Technology to Report Unaudited Third Quarter 2024 Financial Results on November 21, 2024

NEW YORK, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or “the Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, has been bestowed with the Highly Commends honor at the Reuters Sustainability Awards 2024 in the Business Transformation category.

Lotus Technology Honored as Highly Commends at Reuters Sustainability Awards 2024

NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus” or the “Company”), a leading global intelligent and luxury mobility provider, today announced its vehicle delivery results for the first nine months of 2024.

Lotus Technology Announces Delivery Updates of First Nine Months of 2024

Digital Brands Group Inc

Stride

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

Top 3 Consumer Stocks That May Explode This Month

NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or “the Company”) (Nasdaq: LOT), a leading global intelligent luxury mobility provider, has been celebrated at the 2024 EUCCC Sustainable Business Award in Shanghai on September 4th for Decarbonization Leadership.

Lotus Technology wins 2024 EUCCC Sustainable Business Award for Decarbonization Leadership

NEW YORK, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global intelligent luxury mobility provider, today announced that it has recently obtained local homologation certification for the Eletre (SUV) model and the Emeya (GT, Sedan) model in the GCC region, paving the way for deliveries of Eletre (SUV) started in the third quarter. The milestone marks an important step as the Company continues to expand its presence in a region renowned for its passion for heritage luxury brands of automobile, racing DNA, and advanced technologies.

Lotus Enters the GCC Region with Two Award Winning Models

NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global intelligent luxury mobility provider, today announced that its intelligent driving arm, Lotus Robotics, has provided end-to-end intelligent driving solutions to Farizon Auto, a global leading automaker in new energy commercial vehicle sector. This strategic collaboration marks a significant milestone as the Company further expand its business outreach through technologies.

Lotus Robotics Provides Intelligent Driving Solutions for New Energy Trucks and Vans

NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global intelligent luxury mobility provider, today announced that its intelligent driving arm, Lotus Robotics, has provided intelligent driving solutions to Lynk&Co, a global leading automaker with operations across Europe and Asia. This collaboration marks a significant milestone in the commercialization of the Company's advanced technology capabilities.

Lotus Robotics Provides Intelligent Driving Solutions for Lynk&Co's First All-electric Sedan

NEW YORK , Aug. 02, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global luxury electric vehicle maker, today announced that it will report its unaudited first half 2024 financial results on August 28, 2024, before market opening in the United States.

Lotus Technology to Report Unaudited First Half 2024 Financial Results on August 28, 2024

The Company is a finalist in Reuters Sustainability Awards 2024 in the Business Transformation category and the Net Zero: Operations Transformation category The Company is a finalist in Reuters Sustainability Awards 2024 in the Business Transformation category and the Net Zero: Operations Transformation category

Lotus Technology Nominated for Reuters Sustainability Awards 2024

SunCar Technology Group Inc

NEW YORK , July 23, 2024 /PRNewswire/ -- SunCar Technology Group Inc. ("SunCar" or "the Company, NASDAQ: SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce a strategic partnership (the "Partnership") with Lotus Technology ("Lotus," NASDAQ: LOT) to enhance automotive industry services. This collaboration will leverage SunCar's auto e-insurance technology platform and its extensive automotive service network to support and optimize Lotus's market expansion, offering Lotus owners comprehensive one-stop automotive services.

SunCar Technology and Lotus Technology Forge Strategic Partnership to Enhance Insurance Services and Expand Sales Network

NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”), a leading global luxury electric vehicle maker, today announced that it has entered into a convertible bond agreement with an aggregate principal amount of approximately $110 million1 through a private placement from its existing strategic shareholder (the “Investment”). The investment marks the shareholder's continuous confidence in Lotus Tech's growth strategy and outlook. The transaction is subject to customary closing conditions and the closing is expected to take place in the near future. A description of the material terms and conditions of the convertible purchase agreement and the notes is included in the Company's current report on Form 6-K filed with the U.S. Securities and Exchange Commission.

Lotus Technology Secures Investment from Strategic Investor

NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global luxury electric vehicle maker, announced it has become the first automaker to receive recognition by the Global Zero Carbon City Pioneer Awards at the 2024 Shanghai International Carbon Neutrality Expo, for demonstrating innovation and exceptional commitment to sustainability and responsible business practices.

Lotus Technology Recognized as a Global Leader for Demonstrating Excellence Across ESG Commitment

NEW YORK, May 29, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global luxury electric vehicle maker, today released its 2023 Environmental, Social, and Governance (“ESG”) report. The report outlined its achievements in building a green value chain, leading clean mobility, and upholding business integrity through the efforts in information security and privacy protection as well as in community support. All information disclosed in the report has been audited by TÜV NORD, an independent third-party testing, inspection, and certification agency.

Lotus Technology Reinforces ESG Commitment to its "Driving Change" Vision through 2023 Annual Report

NEW YORK, May 29, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. ("Lotus Tech" or the "Company") (Nasdaq: LOT), a leading global luxury electric vehicle maker, today announced its unaudited financial results for the first quarter ended March 31, 2024.

Lotus Technology Reports Unaudited First Quarter 2024 Financial Results

NEW YORK, May 24, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global luxury electric vehicle maker, today announced that it will report its unaudited first quarter 2024 financial results on May 29, 2024, before market opening in the United States.

Lotus Technology to Report Unaudited First Quarter 2024 Financial Results on May 29, 2024

Li Auto Inc.

XPeng

It's another bad week for Chinese electric vehicle companies like Li Auto (LI), XPeng (XPEV), Nio (NIO), and Lotus Technology (LOT) as signs show that the industry is deteriorating with no end in sight.

Very bad news for Li Auto, XPeng, Lotus Technology and Nio stocks

NEW YORK, April 22, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”), a leading global luxury electric vehicle maker, today announced that its annual report on Form 20-F for the fiscal year ended December 31, 2023 has been filed with the Securities and Exchange Commission.

Lotus Technology Inc. Announces Filing of Annual Report on Form 20-F

NEW YORK, April 22, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”), a leading global luxury electric vehicle maker has today released a new video, showcasing its transition to sustainable mobility. With an ambition of "Driving Change" and commitment to electrification, Lotus Tech aims to achieve carbon neutrality by 2038 and achieve a 100% electric product portfolio by 2028.

Lotus Tech Releases Video Showcasing ESG Vision: Driving The Future of Sustainable Mobility

Sports car seller and EV maker Lotus Technology reported fourth-quarter sales of $361 million, up 92% year over year.

Lotus Stock Falls After Solid Earnings. Where Is Wall Street?

Lotus Technology reported a sequential surge in quarterly revenue on Monday, less than two months after going public, due to strong demand for its luxury electric cars.

News for Lotus Technology inc Stock (LOT)