The Zhitong Finance App learned that on August 27, Lotus Technology (LOT.US) disclosed unaudited financial results for the first half of the year ending June 30, 2026. The company's profit quality continues to be optimized, gross margin has been steadily increased, various loss indicators have been drastically narrowed, and refined financial management has achieved remarkable results.
According to financial data, in the first half of 2026, Lotus Technology's total global delivery volume reached 3,904 units, an increase of 39% over the previous year, outperforming traditional luxury high-end car companies. The product structure continued to be optimized. In the first half of the year, 3008 lifestyle SUVs and sedans were delivered, up 57% year on year, accounting for 77% of total deliveries. Sales in the sports car sector remained stable, and the overall product matrix developed in a balanced manner. The core of sales growth comes from the successful launch of the new plug-in hybrid model For Me. The new product is highly recognized in the market, helping the brand enter new market segments.
At the same time, the revenue side also achieved a steady rise. The company's total revenue for the first half of the year reached US$268 million, an increase of 23% over the previous year. Strong growth in the Chinese market became the core driving force. Regional market performance is improving. Delivery volume to the Chinese market increased sharply by 60% year over year. In an environment where the luxury passenger car market is becoming increasingly competitive, the growth rate is higher than that of the high-end passenger car market. The global market layout also continues to deepen. Currently, Lotus For Me has begun delivery in China and 6 overseas markets. It is expected to land in the mainland European market in the fourth quarter of 2026 and the UK market in mid-2027, so overseas growth potential will continue to be unleashed.
Feng Qingfeng, CEO of the company, said, “The results for the first half of the year clearly confirm that we are steadily implementing our transformation strategy Focus 2030. The new plug-in hybrid model is in high demand, verifying the multi-power route strategy and helping us expand our target market. The simultaneous improvement in scale and operating efficiency is exciting, and we will continue to focus on long-term sustainable value creation. Looking forward to the future, we will firmly advance the Focus 2030 strategy, rely on the potential of multi-power products, accelerate the global layout, and continue to improve operational efficiency; at the same time, we will continue to inherit Lotus's racetrack genes through products such as the Emira 420 Sport and the upcoming V8 hybrid sports car Type 135.”