Lotus Tech FY26 H1 operating loss narrows 63% YoY to US$97 million; revenue rises 23% YoY to US$268 million
LOT•Deliveries increase 39%
Deliveries climbed 39% to 3,904 vehicles, helped by the launch of the Eletre X PHEV.
First-half funding from Geely
Lotus Technology said it received US$128 million in first-half funding from Geely.
Lotus UK acquisition completed
The company completed the acquisition of Lotus UK, integrating operations under “One Lotus.”
Revenue rises and operating loss narrows
Lotus Technology posted revenue of US$268 million, up 23% year over year for the half year ended June 30, 2026.
Operating loss narrowed to US$97 million from a year earlier, supported by cost discipline and a one-off license fee refund.
Net loss narrowed to US$151 million, with gross margin rising to 10% from 8% a year earlier.
