Lotus Reports a 63% Year-on-Year Reduction in Losses for H1 2026
In the first half of 2026, Lotus Technology reported a significant reduction in its losses by 63% year-on-year to $195 million. This improvement was attributed to strong sales performance and strategic initiatives under its Focus 2030 plan. The company delivered 3,904 vehicles during the period, marking a 39% increase compared to H1 2025. The launch of the plug-in hybrid Eletre X model contributed significantly to this growth, particularly in China where deliveries rose by 60%. Lotus also reported global revenues rising by 23% year-on-year to $268 million and a gross profit improvement to $26 million with an expanded margin of 10%. CEO Qingfeng Feng highlighted the success of the multi-powertrain strategy, noting that strong demand for new models is expanding Lotus' market reach. The company plans further expansion into mainland Europe in Q4 2026 and the U.K. by mid-2027.
Topics: automotive loss_reduction sales_growth