Lotus Technology Reports Unaudited Financial Results for Second Quarter and First Half of 2024

• Robust start to 2024, the strongest first half of the year in the brand’s history.
• Balanced global allocation, with strong US deliveries¹ contribution after the brand’s re-entry into the market.
• Customised services have been launched and technology revenues continue to grow and are expected to contribute to profit margins in the future.
• The annual delivery target has been adjusted due to short-term disruptions caused by trade uncertainties and tariff increases.
• The “Win26” plan was initiated with the aim of achieving positive operating cash flow and EBITDA in 2026.

NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) — Lotus Technology Inc. (“Lotus Tech” or the “Company”), a leading global provider of intelligent and luxury mobility, today announced unaudited financial results for the second quarter and half year ended June 30, 2024.

Operational highlights for the first half of 2024