On April 10, Lotus Technology (LOT.US), a leading global manufacturer of premium luxury electric vehicles, announced its unaudited financial results for the fourth quarter and full year of 2025. In 2025, the company delivered a total of 6,520 Lotus-branded vehicles, generating total revenue of $519 million. Service revenue saw a significant increase of 69% year-over-year, exceeding $56 million. The full-year gross margin stood at 9%, while the operating loss narrowed by 46% compared to the previous year, indicating continuous improvement in operational quality. Data shows that deliveries in 2025 were primarily driven by the Chinese and European markets. Growth in deliveries within the Chinese market outpaced the premium vehicle segment, and overseas markets accounted for 55% of total sales volume, demonstrating the brand's strong global appeal. By the end of December 2025, the company had established 211 retail stores worldwide, covering Europe, China, North America, and other markets, forming a preliminary balanced global distribution system. The company plans to further advance the construction of its global sales network in 2026. Leveraging a highly competitive product portfolio and global footprint, Lotus Technology is accelerating the realization of its growth potential. In March 2026, the company launched its first super hybrid model, the all-new Lotus For Me, which has already commenced deliveries in China. Remarkably, the repurchase rate among existing owners reached 20%, while new customers accounted for 50% of sales. In the second half of the year, the Lotus For Me will be gradually introduced to global markets, with batch sales or pre-sales planned to commence in the EU and Middle East markets within the year. Beyond operational performance, Lotus Technology has continued to strengthen its "systematic capabilities." Over the past year, the company has made concurrent progress in motorsport operations, technical certification, capital partnerships, and brand building. The inaugural LOTUS CUP CHINA single-make series concluded and a new season has begun, reinforcing the brand's sporting heritage and user engagement. The company received a $23 million investment from ECARX, providing resources to support differentiation in intelligent cockpits. The Eletre became the first and currently only China-made electric vehicle model to receive European UN R171.01 certification, establishing a foundation of technical trust for entry into the European premium market. Partnering with Haus of Automotive for a return to Milan Design Week has steadily enhanced the brand's global luxury appeal. Through multi-dimensional collaboration, the brand is comprehensively advancing from product strength to systemic strength. Looking ahead, Feng Qingfeng, CEO of Lotus Group, stated, "Despite facing external challenges, we remain committed to increasing investment in technology, optimizing our product portfolio, and maintaining leading driving dynamics. Leveraging our global presence, we have become the second automaker worldwide to obtain UN R171.01 certification, and our first PHEV model further enriches our powertrain offerings. Moving forward, we will accelerate the global delivery of the Lotus For Me, advance the development and launch of new models, deepen our global channel footprint, and continuously enhance brand influence."
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