Lotus Technology Inc 6-K, filed Aug 27, 2026

Lotus Technology Inc. (LOT)

6-K 2026-08-27 For: 2026-08-27

View Original

Added on August 27, 2026

About this 6-K

Lotus Technology Inc filed this 6-K on August 27, 2026.

Search and read filings like this one from Claude or ChatGPT with the SEC filings MCP server →

Exhibit No.		Description
99.1		Press Release – Lotus Technology Reports Unaudited Half Year 2026 Financial Results

99.2		Presentation – Unaudited Fist Half 2026 Results of Lotus Technology Inc.

Lotus Technology Inc.

By	:	/s/ Daxue Wang
Name	:	Daxue Wang
Title	:	Chief Financial Officer

	Half Year 2026		Half Year 2025		% Change (YoY)
Lifestyle SUV and Sedan		3,008		1,922		57	%
Sports Cars		896		891		1	%
Total		3,904		2,813		39	%

	Half Year 2026					Half Year 2025
	Units		Region %			Units		Region %
China		2,248		58	%		1,403		50	%
Europe		716		18	%		858		31	%
Americas⁵		631		16	%		435		15	%
Rest of the World		309		8	%		117		4	%
Total		3,904		100	%		2,813		100	%

●	Total revenues were $268 million, up 23% YoY.
●	Gross margin was 10%, versus 8% for the first half of 2025.
●	Operating loss was $97 million, narrowed by 63% YoY.
●	Net loss was $151 million, narrowed by 52% YoY.
●	Adjusted EBITDA (non-GAAP) was a loss of $104 million, narrowed by 57% YoY.

●	Eletre Launched in Canada: On April 23, Eletre EVs debuted in the Canadian market, making them the first Chinese-built luxury EVs available for purchase in Canada and making another milestone in the Company’s international expansion strategy.
●	Emira 420 Sport: In May, Lotus introduced the Emira 420 Sport, further strengthening its sports car portfolio and reinforcing the brand’s commitment to preserving its track-bred DNA.
●	Type 135 Supercar for 2028: Lotus has officially announced the development of a new mid-engine V8 hybrid supercar, internally codenamed Type 135, scheduled for release in 2028, underscoring its long-term commitment to high-performance vehicles.
●	Eletre X Orders Open in Mainland Europe: On June 3, Eletre X became available to order in mainland Europe, representing an important step in the international rollout of the Company’s first PHEV model. Customer deliveries are expected to commence in the fourth quarter of 2026.
●	2025 Sustainability Report: On June 18, Lotus released its 2025 Sustainability Report, highlighting continued progress in embedding sustainability across its global operations.
●	Emira Scura Limited Edition Launched: On July 26, Lotus launched the Emira Scura Limited Edition in China. Arriving 17 years after the Exige Scura, the Emira Scura pays homage to that model with a similarly striking design and is limited to just 9 units in China and 60 units in North America.
●	Emeya Sets New Electric Vehicle Lap Record: On July 20, Lotus Emeya set a new record at Malaysia’s renowned Sepang International Circuit, reinforcing the brand’s performance credentials.
●	Strategic Collaboration: On July 28, the Company announced a strategic collaboration with Finloop Finance Technology, an AI-driven global one-stop Web5 (Web2+Web3) wealth technology platform, and FOMO Pay, a leading Singapore-headquartered payment institution, to explore digital asset and real-world asset (RWA) tokenization in the luxury mobility sector.

	As of
	June 30, 2026		December 31, 2025
	US$		US$
ASSETS
Current assets
Cash and cash equivalents		80,378		73,431
Restricted cash		269,593		375,865
Accounts receivable – third parties, net		30,584		36,850
Accounts receivable – related parties, net		59,734		114,126
Inventories		170,371		121,361
Prepayments and other current assets – third parties, net		85,925		77,570
Prepayments and other current assets – related parties, net		112,784		111,886

Total current assets		809,369		911,089

Non-current assets
Restricted cash		209,490		100,981
Loan receivable from a related party		368,584		351,486
Property, equipment and software, net		177,600		226,891
Intangible assets		116,372		116,475
Long-term investments		58,298		48,004
Operating lease right-of-use assets		96,879		118,845
Other non-current assets – third parties		66,867		78,408
Other non-current assets – related parties		587		569

Total non-current assets		1,094,677		1,041,659

Total assets		1,904,046		1,952,748

	For the Six Months Ended June 30,
	2026			2025
	US$			US$
Revenues:
Sales of goods		263,256			197,485
Service revenues		4,843			20,841
Total revenues		268,099			218,326
Cost of revenues:
Cost of goods sold		(238,119	)		(184,885	)
Cost of services		(3,688	)		(15,575	)
Total cost of revenues		(241,807	)		(200,460	)
Gross profit		26,292			17,866
Operating expenses:
Research and development credit (expenses)		1,565			(92,305	)
Selling and marketing expenses		(82,932	)		(78,995	)
General and administrative expenses		(46,176	)		(63,356	)
Other operating income		3,839			4,866
Impairment of long-lived assets		-			(51,504	)
Total operating expenses		(123,704	)		(281,294	)
Operating loss		(97,412	)		(263,428	)
Interest expenses		(34,300	)		(33,641	)
Interest income		15,202			13,157
Investment (loss) income, net		(453	)		9,400
Foreign currency exchange (losses) gains, net		(21,817	)		40,525
Changes in fair values of liabilities, excluding impact of instrument-specific credit risk		(9,948	)		(68,084	)
Loss before income taxes and share of results of equity method investments		(148,728	)		(302,071	)
Income tax credit (expense)		664			(15,043	)
Share of results of equity method investments		(2,878	)		4,074
Net loss		(150,942	)		(313,040	)
Less: Net loss attributable to noncontrolling interests		-			(2	)
Net loss attributable to ordinary shareholders		(150,942	)		(313,038	)
Loss per ordinary share
—Basic and diluted		(0.23	)		(0.47	)
Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share
—Basic and diluted		645,541,822			659,335,966

	Half Year 2026			Half Year 2025			% Change (YoY)
Revenues		268			218			23	%
Cost of revenues		(242	)		(200	)		21	%
Gross profit		26			18			47	%
Gross margin (%)		10	%		8	%
Operating loss		(97	)		(263	)		(63	)%
Net loss		(151	)		(313	)		(52	)%
Adjusted net loss^(A)		(149	)		(311	)		(52	)%
Adjusted EBITDA^(A)		(104	)		(240	)		(57	)%

	As of
	June 30, 2026		December 31, 2025
	US$		US$
LIABILITIES AND SHAREHOLDERS' DEFICIT
Current liabilities
Short-term borrowings – third parties		402,744		479,419
Short-term borrowings – related parties		863,776		784,288
Accounts payable – third parties		23,666		55,032
Accounts payable – related parties		633,627		458,189
Contract liabilities – third parties		26,598		18,459
Operating lease liabilities – third parties		9,146		11,598
Accrued expenses and other current liabilities – third parties		215,523		251,361
Accrued expenses and other current liabilities – related parties		136,886		213,529
Convertible notes - related parties		207,075		126,203

Total current liabilities		2,519,041		2,398,078

Non-current liabilities
Contract liabilities – third parties		7,578		7,458
Operating lease liabilities – third parties		47,653		57,576
Operating lease liabilities – related parties		2,219		3,105
Warrant liabilities		845		800
Exchangeable notes		-		128,852
Convertible notes - third parties		61,972		73,226
Convertible notes - related parties		-		77,175
Long-term borrowings		204,644		98,254
Deferred income		330,334		311,912
Deferred tax liabilities		-		698
Other non-current liabilities – third parties		58,527		125,004
Other non-current liabilities – related parties		-		856

Total non-current liabilities		713,772		884,916

Total liabilities		3,232,813		3,282,994

	As of
	June 30, 2026			December 31, 2025
	US$			US$
SHAREHOLDERS’ DEFICIT
Ordinary shares		7			7
Treasury stock		(130,921	)		(138,397	)
Additional paid-in capital		2,118,617			1,933,992
Accumulated other comprehensive income		(4,772	)		39,818
Accumulated deficit		(3,308,860	)		(3,157,918	)

Total shareholders' deficit attributable to ordinary shareholders		(1,325,929	)		(1,322,498	)
Noncontrolling interests		(2,838	)		(7,748	)
Total shareholders' deficit		(1,328,767	)		(1,330,246	)

Total liabilities and shareholders' deficit		1,904,046			1,952,748