Lotus Technology achieves $268 million revenue milestone
- Lotus Technology reported H1 2026 revenue of $268 million, up 23% year over year.
- Vehicle deliveries increased 39% to 3,904 units, while operating loss narrowed to $97 million.
- The company completed the acquisition of Lotus UK and integrated operations under One Lotus.
Lotus Technology (NASDAQ:LOT) reported first half 2026 revenue of $268 million, up 23% year over year, as vehicle deliveries increased 39% to 3,904 units following the launch of the PHEV model Eletre X.
The results compared with the prior-year period when deliveries were lower, while lifestyle SUVs and sedans increased 57% to 3,008 units and represented 77% of total vehicle deliveries during the period.
The company reported gross profit of $26 million and gross margin of 10%, compared with 8% in the prior period, while operating loss narrowed to $97 million and net loss declined 52% to $151 million.
Lotus Technology reported that China deliveries increased 60% year over year to 2,248 units, supported by demand for its lifestyle vehicle lineup and expansion in the Chinese market.
The company also completed the acquisition of 100% of Lotus UK on August 21, 2026, integrated operations under One Lotus, and received $128 million in funding from major shareholder Geely during the reporting period.
