Lotus Technology (LOT) Reports Q4 Revenue of $163M with Loss

AI Summary

Lotus Technology Inc. (NASDAQ:LOT) reported Q4 revenue of $163 million, a decline from $272 million the previous year. The company's adjusted EBITDA improved to a loss of $62 million, compared to a loss of $398 million a year ago. Lotus launched its new SUV, Eletre, in March, priced at RMB 508,000 for the Standard Edition and RMB 558,000 for the Special Edition, with deliveries starting March 30, 2026. The company achieved UN Regulation No. 171.01 certification, becoming the second globally operating automaker to meet this standard, which may enhance its market competitiveness.