Lotus Technology Narrows 2025 Operating Loss by 46% and Improves Margin to 9%
Lotus Technology delivered 6,520 vehicles in 2025 and generated $519 million in revenue, down 44% year-over-year, while gross margin improved to 9% from 3%. The company narrowed operating loss by 46% to $423 million, launched its first PHEV 'For Me', and saw service revenues rise 69% to $56 million.
1. 2025 Delivery and Revenue Performance
In 2025 Lotus Technology delivered 6,520 vehicles globally, a 46% drop from 11,984 units in 2024, resulting in $519 million of total revenue, a 44% year-over-year decline driven by tariff headwinds, inventory destocking and phased upgraded model rollouts.
2. Profitability Improvements
Disciplined cost control and optimized product mix boosted gross margin to 9% in 2025 from 3% a year earlier. Operating loss narrowed by 46% to $423 million and net loss fell 58% to $464 million, while adjusted EBITDA loss improved 63% to $356 million.
3. Service Revenue Growth and IP Commercialization
Service revenues surged 69% to $56 million, underpinned by R&D service fees and technical licensing of the company’s intellectual property, validating market demand for its technology solutions.
4. Product Launch and Strategic Developments
Lotus introduced its first PHEV model, 'For Me' (Eletre X in Europe), with 3.3-second 0-100 km/h acceleration and 1,400 km range, and secured a $23 million equity investment from ECARX to deepen strategic collaboration.