Financial Data and Key Metrics Changes - In Q3 2025, the company delivered nearly 1,800 vehicles, representing a 35% decrease year-on-year but a 28% increase quarter-on-quarter [4] - Revenue for Q3 was $137 million, down 46% year-on-year but up 10% sequentially, with total revenue for the first nine months at $356 million, down 45% year-on-year [4] - Gross margin improved by 8% in Q3, up 3 percentage points from the previous quarter and 5 percentage points from the same period last year [5] - The operating loss for Q3 was $95 million, a 41% improvement year-on-year, while the net loss narrowed to $65 million, down 68% year-on-year [7] Business Line Data and Key Metrics Changes - Lifestyle vehicles accounted for 77% of total deliveries in Q3, down from 83% in Q2, contributing 72% of total deliveries for the first nine months [5] - Deliveries in the U.S. sports car market began a gradual recovery in Q3 after tariff disruptions were resolved [6] Market Data and Key Metrics Changes - Delivery growth in China for the first nine months outpaced the broader premium auto segment, indicating competitive strength in a challenging environment [6] - The company had 213 retail stores worldwide, with a balanced distribution across Europe, China, North America, and other markets [13][14] Company Strategy and Development Direction - The company plans to unveil a new PHEV model to expand its electrification product roadmap and address consumer demand in diversified powertrain segments [8] - The acquisition of Lotus UK is progressing, with expectations to complete the merger in 2026, aiming to streamline operations and enhance global brand recognition [20][21] Management's Comments on Operating Environment and Future Outlook - Management highlighted a commitment to cost discipline and inventory optimization, resulting in significantly narrowed losses for both the quarter and year-to-date [7] - The gross margin for the full year is expected to remain in the high single-digit range, with projections for further improvement due to new product launches and supply chain integration [34] Other Important Information - The company showcased its concept cars at IAA Mobility 2025, emphasizing its brand legacy and electric strategy [9] - The introduction of hybrid models aims to attract new customer segments and expand into markets with slower EV adoption [19] Q&A Session Summary Question: Key highlights of the upcoming PHEV models and strategic rationale - The hybrid model features the best energy-efficient engine, performance hybrid systems, and high power motor, showcasing Lotus' DNA in handling and performance [25] - The strategic rationale includes tapping into the rapidly growing premium vehicle market in China, where plug-in hybrids are gaining significant traction [27][28] Question: Guidance on gross margin for this year and next year - The gross margin for the full year is expected to remain in the high single-digit range, with further improvements projected due to new product launches and supply chain efficiencies [34]

Financial Performance (9 Months Ended Sep 30, 2025 vs Sep 30, 2024) - Deliveries decreased by 40%, from 7,673 units to 4,612 units[14] - Revenues decreased by 46%, from $652.823 million to $355.758 million[14, 45] - Cost of revenues decreased by 45%, from $593.708 million to $327.016 million[14, 45] - Gross profit decreased by 51%, from $59.115 million to $28.742 million[14, 45] - Operating loss decreased by 40%, from $597.745 million to $357.090 million[14, 45] - Net loss decreased by 43%, from $666.520 million to $378.455 million[14, 45] Financial Performance (3 Months Ended Sep 30, 2025 vs Sep 30, 2024) - Revenues decreased by 46%, from $254.708 million to $137.432 million[14, 47] - Cost of revenues decreased by 49%, from $246.505 million to $126.556 million[14, 47] - Gross profit increased by 33%, from $8.203 million to $10.876 million[14, 47] - Operating loss decreased by 41%, from $160.039 million to $93.662 million[14, 47] - Net loss decreased by 68%, from $206.268 million to $65.415 million[14, 47]

Core Insights - Lotus Technology Inc. reported its unaudited financial results for Q3 and the first nine months of 2025, highlighting a challenging transitional period impacted by tariffs and inventory adjustments [1][2][3] Operating Highlights - Total deliveries for the first nine months of 2025 reached 4,612 units, a significant decrease of 40% compared to 7,673 units in the same period of 2024 [5] - Deliveries were primarily driven by China and Europe, with China outpacing the premium auto segment, indicating strong competitive positioning [3][6] - The gross margin improved to 8% in Q3 2025, up from 3% in Q3 2024, attributed to a higher share of upgraded models in total deliveries [3][15] Financial Performance - Total revenue for the first nine months of 2025 was $356 million, down 46% from $653 million in the same period of 2024 [9] - The net loss narrowed by approximately 68% in Q3 and 43% for the nine-month period, indicating improved financial health [8][13] - Key financial results for Q3 2025 included revenue of $137 million, a 46% decrease year-over-year, and a net loss of $65 million, a 68% reduction from the previous year [20][15] Model and Regional Deliveries - Deliveries by model type showed a decline in both Lifestyle SUVs and Sedans (down 18%) and Sportscars (down 64%) compared to the previous year [5] - Regional delivery breakdown indicated that China accounted for 46% of total deliveries, while Europe contributed 34% [6] Strategic Developments - The company plans to unveil a new PHEV model soon, which will enhance its electrification strategy and cater to diverse consumer demands [4][11] - The strategic acquisition of Lotus UK is progressing, expected to close in 2026, aimed at integrating operations and enhancing efficiency [6][11]

Core Points - Lotus Technology Inc. will report its unaudited financial results for Q3 2025 on November 24, 2025, before market opening in the U.S. [1] - The management will host an earnings conference call at 7:00 AM U.S. Eastern Time on the same day, with a live audio webcast available [2] - Lotus Technology Inc. operates in the UK, EU, and China, focusing on luxury lifestyle battery electric vehicles and next-generation automobility technologies [3]

Core Insights - The Depositary Receipts Virtual Investor Conference ("dbVIC") was held on November 4th, 2025, and the presentations are now available for online viewing [1][2] - The company presentations will be accessible 24/7 for a duration of 90 days, allowing investors, advisors, and analysts to download materials [2] Company Presentations - The following companies presented at the conference: - HUTCHMED (China) Limited (AIM: HCM, NASDAQ: HCM, HKEX: 13) - First Pacific Company Ltd (HKEX: 142, OTC: FPAFY) - Viomi Technology Co., Ltd (NASDAQ: VIOT) - Epiroc AB (Nasdaq Stockholm: EPIA, OTC: EPOAY) - Yiren Digital Ltd. (NYSE: YRD) - Belite Bio, Inc (NASDAQ: BLTE) - Deutsche Lufthansa AG (FRA: LHA, OTCQX: DLAKY) - Lotus Technology Inc (NASDAQ: LOT) - 51Talk Online Education Group (NYSE American: COE) - Radiopharm Theranostics Ltd (Nasdaq: RADX; ASX: RAD) - Repsol S.A (BME: REP, OTCQX: REPYY) [3] About Virtual Investor Conferences - Virtual Investor Conferences (VIC) is recognized as the leading proprietary investor conference series, providing an interactive platform for publicly traded companies to present directly to investors [4] - VIC offers a real-time investor engagement solution, designed to enhance investor access and replicate the components of an on-site investor conference [5]

Company Overview - Lotus Technology is a British brand founded in 1948, known for its prestigious history in Formula 1 racing [2] - The company is positioning itself as an early mover in the luxury electric vehicle (EV) market in the UAE [2] Strategic Integration - Lotus plans to integrate its traditional British brand with its EV brand by the end of this year, consolidating all business and operations under one unified Lotus brand [3] - The company is recognized for its research and development capabilities, particularly in aerodynamics and lightweight vehicle design [3] Technological Advancements - Lotus has implemented an 800-volt electric performance architecture in its vehicles and is set to introduce 900 Hybrid EV technologies in the next generation of its products [4]

Summary of Lotus Technology Conference Call Company Overview - **Company Name**: Lotus Technology - **Industry**: Luxury Electric Vehicles (EVs) - **Founded**: 1948, British brand with a strong heritage in Formula One racing [2][4] Core Points and Arguments - **Market Position**: Lotus is positioned as an early mover in the luxury EV market, integrating its British brand heritage with modern EV technology [2][3] - **Integration Strategy**: The company plans to unify its operations under the "One Lotus" strategy by the end of 2025, merging its UK sports car heritage with its lifestyle EV focus [6][7] - **Technological Advancements**: Lotus has implemented an 800V electric performance architecture and is set to launch a 900V hybrid EV platform with a driving range exceeding 1,000 kilometers [9][10] - **Product Lineup**: The current product portfolio includes the Evija (all-electric hypercar), Emira (last internal combustion engine model), and lifestyle EVs produced in China [12][13] - **Global Distribution**: Lotus has over 200 stores globally, with a balanced market presence in China, Europe, and North America [3][15] Financial Performance - **Sales Distribution**: In the first half of the year, China accounted for nearly 50% of sales, influenced by tariffs affecting North America and the UK [21] - **Financial Strategy**: The company is focused on optimizing operations through partnerships with Geely, aiming for cost synergies and improved supply chain efficiency [19][20] Additional Important Content - **Heritage and Recognition**: Lotus has a rich history in motorsport, including seven Constructors' Championships and numerous Grand Prix wins [4][5] - **ESG Commitment**: The company emphasizes its commitment to environmental, social, and governance (ESG) principles, aiming to lower carbon emissions and contribute to community development [18][19] - **Partnership with Geely**: Lotus benefits from its relationship with Geely for procurement, manufacturing support, and global distribution, while maintaining independent management [17][18] Conclusion - Lotus Technology is strategically positioned to leverage its heritage and technological advancements in the luxury EV market, with a clear focus on integration, global distribution, and financial optimization through partnerships. The upcoming product launches and the "One Lotus" strategy are expected to enhance its market presence and operational efficiency [20][21]

Core Insights - Lotus Technology Inc. (NASDAQ:LOT) is highlighted as a promising penny stock with significant upside potential, particularly due to its upcoming showcase at IAA Mobility 2025 in Munich [1] - The company will debut its concept car, Theory 1, which represents the future of intelligent sports cars, alongside a tribute to Ayrton Senna with the iconic 1987 Lotus 99T F1 car [1] - The Emira Limited edition, inspired by the 99T, will also be presented, with only twelve units available globally [1] Company Developments - Theory 1 incorporates the LOTUSWEAR system, allowing real-time interaction with drivers and passengers, and features sustainable materials and a minimalist interior [2] - The company reported a 49% year-over-year decrease in deliveries for the fiscal second quarter of 2025 [2] - Analysts maintain an optimistic outlook with a 12-month price target indicating a 54.64% upside from current levels [2] Industry Context - Lotus Technology focuses on the design, development, manufacturing, and sale of luxury electric vehicles, emphasizing electrification, digitalization, and intelligent automotive technologies [2] - While the potential for investment in LOT is acknowledged, there are suggestions that certain AI stocks may offer greater upside potential with less downside risk [2]

Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Translation of registrant's name into English) No. 800 Century Avenue Pudong District, Shanghai, People's Republic of China (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F x Form 40-F ¨ INFORMATION CO ...

Group 1 - The event "Big Consumption Investment Summit and 2025 Zhitong Xingyao Autumn Joint Strategy Meeting" was held in Hangzhou, focusing on the theme "New Consumption Species: The Evolution of Hong Kong Stocks" [1] - In 2025, China's consumption market is witnessing a blend of tradition and innovation, with electric vehicle penetration exceeding 47%, smart home sales growing in double digits, and rural consumption growth outpacing urban by 0.8 percentage points [1] - The Hong Kong stock market is becoming a witness to consumer power, with a 100-fold subscription for consumer IPOs in the first half of the year and 71% of new stocks closing higher on their first day [1] Group 2 - The main venue will feature keynote speeches and roundtable discussions on trends, while the sub-venue will showcase opportunities from 30 top companies [2] - Keynote speakers include executives from Tencent, GF Securities, and various leading companies, sharing insights and practical experiences [4] - The sub-venue will host presentations from 30 leading companies, including China Duty Free Group, Maogeping, and others, focusing on their business opportunities [5]