Lotus Technology Reports Unaudited Fourth Quarter and Full Year 2025 Financial Results

Delivered 6,520 vehicles and achieved total revenue of $519 million in 2025, with service revenues up 69% YoY.

Apr. 10, 2026 at 10:37am

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An abstract, blurred image of a Lotus electric vehicle in motion, with vibrant streaks of color representing its speed and power.Lotus Technology's innovative electric vehicles push the boundaries of performance and design, capturing the dynamic energy of the brand's global expansion.NYC Today

Lotus Technology, a leading global intelligent and luxury mobility provider, announced its unaudited financial results for the fourth quarter and full year 2025. The company delivered 6,520 vehicles in 2025, with service revenues surging 69% year-over-year, and narrowed its operating loss by 46% for the full year.

Why it matters

Lotus Technology's improved financial performance, driven by cost optimization and operational efficiency, demonstrates the company's commitment to executing its growth and innovation strategy amid a challenging market environment. The launch of its first PHEV model, 'For Me', is expected to further boost sales and revenue.

The details

Lotus Technology's total revenues were $519 million in 2025, a 44% year-over-year decrease, but the company's gross margin improved to 9% from 3% in 2024. The company's operating loss narrowed by 65% in the fourth quarter and 46% for the full year, reflecting optimized product mix and stringent expense control.

  • Lotus Technology unveiled its first PHEV model, 'For Me', and commenced deliveries in China in March 2026.
  • The 2025 season of the inaugural Lotus Cup one-make racing series concluded at the Sepang International Circuit on November 30, 2025.
  • Lotus announced a strategic investment from ECARX on December 23, 2025 to deepen their existing partnership.
  • Lotus' Eletre model was certified under UN Regulation No. 171, 01 Series (UN R171.01) on March 13, 2026, making it the first and only China-built model certified under this regulation.
  • Lotus will return to the 2026 Milan Design Week with an exhibition showcasing its design principles and concepts on April 1, 2026.

The players

Qingfeng Feng

Chief Executive Officer of Lotus Technology.

Daxue Wang

Chief Financial Officer of Lotus Technology.

Lotus Technology Inc.

A leading global intelligent and luxury mobility provider with operations across the UK, EU, and China.

ECARX

A company that entered into a strategic investment agreement with Lotus Technology in December 2025 to deepen their existing partnership.

United Nations Economic Commission for Europe (UNECE)

The organization that issued the UN Regulation No. 171, 01 Series (UN R171.01) certification for Lotus' Eletre model.

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What they’re saying

“Despite the external headwinds facing our business, we maintained our Company's mission and strategy by doubling down on cutting-edge technologies, refining our product mix, and providing an industry-leading driving performance.”

— Qingfeng Feng, Chief Executive Officer

“Our improved margin performance in the fourth quarter and full year of 2025 demonstrated our continued focus on cost optimization and operational efficiency, and was also reflected in our significantly improved bottom line results.”

— Daxue Wang, Chief Financial Officer

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

Lotus Technology's resilience in the face of market challenges, demonstrated by its improved financial performance and innovative product launches, positions the company well to deliver long-term value to its shareholders.