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]

Equity Raising and Financial Strategy - Lotus Resources is undertaking an equity raising of approximately A$65 million through a placement of new shares [36, 92] - The offer price for the new shares is A$0.19 per share, representing a 15.6% discount to the last closing price on September 2, 2025 [92] - The equity raise aims to strengthen the balance sheet, providing financial flexibility for offtake strategy, inventory accumulation, and capital optimization [36, 92] - Approximately US$18 million (A$28M) of the proceeds will fund grid connection costs, previously intended to be funded off-balance sheet [41, 92] - Approximately US$2 million (A$2M) will fund remaining mining equipment, also previously intended to be funded by the contractor [41, 92] - US$17 million (A$26M) is allocated for the tailings storage facility (TSF) in FY2026, following detailed design changes [41, 92] Operational and Production Overview - Kayelekera restart achieved on schedule and within budget, with first yellowcake drummed in Q3 2025 [36, 52] - Targeting a steady-state production level of 2.4 Mlbs of U3O8 per annum in Q1 2026 at Kayelekera [36, 56] - The Accelerated Restart Plan for Kayelekera had an initial restart capex of US$50 million [52] Resource Base and Future Growth - The company has a strategic dual-asset portfolio with 165 Mlb U3O8 Global Mineral Resource [37] - Letlhakane scoping study indicates potential to be a 5.5 Mlbpa uranium producer [21]

Core Insights - Lotus Technology reported a total of 2,813 vehicle deliveries and revenue of $218 million for the first half of 2025, with a significant reduction in adjusted EBITDA loss by 37% year-on-year to $240 million [1][5] - The company secured a $500 million funding commitment to support its electrification transformation and global expansion efforts [1][9] - The Chinese market led deliveries with 1,403 vehicles, while Europe and North America delivered 858 and 122 vehicles, respectively [1][11] Financial Performance - Revenue from vehicle sales reached $197 million, with an average selling price of $70,000 per vehicle, indicating a strong positioning in the high-end market [5][11] - The gross margin improved to 8.3% from 3% in 2024, contributing to a 40% reduction in operating losses [5][6] - Service revenue grew by 37% year-on-year to $21 million, showcasing the potential of the technology services segment [6][11] Strategic Developments - The company is accelerating its "One Lotus" global strategy, including rebranding in China and plans to acquire the remaining stake in Lotus UK to integrate R&D and supply chain [2][10] - The integration of Lotus UK is expected to enhance operational flexibility and internal collaboration, aiming for long-term shareholder value [10][11] - Lotus aims to achieve full electrification by 2028, coinciding with its 80th anniversary [2][10] Market Positioning - The brand's global delivery strategy is showing initial success, with a projected 70% increase in global deliveries in 2024 [11] - The company is targeting a balanced market share across the U.S., Europe, China, and other regions, with a goal of achieving a 3:3:3:1 sales ratio [13][15] - New models like ELETRE and EMEYA are being rolled out globally, with plans for U.S. market entry to overcome tariff barriers [11][13]

Core Viewpoint - Lotus Technology reported a narrowing of losses in its financial results for the first half of 2025, despite still being in a loss position. The company aims to accelerate its electric transformation and global expansion with a recent $500 million funding commitment [1][10]. Financial Performance - In the first half of 2025, Lotus Technology delivered 2,813 vehicles, generating revenue of $218 million. The adjusted EBITDA loss decreased by 37% year-on-year to $240 million, while operating losses narrowed by approximately 40% to $263 million [1]. - The gross margin improved to 8.3% from 3% in 2024, contributing to the reduction in operating losses [4]. - Vehicle sales revenue reached $197 million, with an average selling price of $70,000, indicating a strong positioning in the high-end market [4]. Market Performance - The Chinese market led deliveries with 1,403 vehicles, while Europe and North America delivered 858 and 122 vehicles, respectively. The ELETRE super SUV became a leading model in China's high-end electric SUV segment [2]. - North American deliveries were impacted by tariffs, but the situation has been gradually improving since July [2]. Strategic Initiatives - Lotus Technology is advancing its "One Lotus" global strategy, including rebranding in China and plans to acquire the remaining shares of Lotus UK to integrate R&D and supply chain systems [2][12]. - The company aims to achieve full electrification by 2028, coinciding with its 80th anniversary [2]. Funding and Future Plans - The recent $500 million funding includes $300 million in convertible notes from ATW Partners and a credit line of 1.6 billion RMB from parent company Geely. This funding will support electric vehicle development and global market expansion [7][10]. - Lotus Technology's cash reserves stood at $67.85 million, providing a buffer for technology investments and market expansion [7]. Product Development - Lotus is accelerating its global product rollout, with the ELETRE and EMEYA models already being delivered in China and planned for Europe and the U.S. [14]. - The company has set a market strategy aiming for a sales ratio of 3:3:3:1 across the U.S., Europe, China, and other regions, with current performance showing a preliminary achievement of this goal [15].

Financial Data and Key Metrics Changes - In Q2 2025, the company delivered over 1,400 vehicles, a decrease of 49% year on year [7] - Total deliveries for the first half of the year exceeded 2,800 units, down by 43% compared to the same period last year [8] - Revenue narrowed to $126 million in Q2 and $218 million for the first half, down 44% and 45% year on year respectively [8] - Gross margin for Q2 stood at 5%, down four percentage points from the same quarter last year, while the first half gross margin was 8% [9] - Operating loss for Q2 was $160 million, a 22% improvement year on year, while net loss for the quarter was $130 million, down 36% [12] Business Line Data and Key Metrics Changes - Lifestyle vehicles accounted for 83% of total deliveries in Q2, up from 36% in Q1, contributing 68% of total deliveries in the first half [9] - Deliveries in China showed notable growth with the upgraded Eletras HyperXUVs becoming a leading model in the premium battery electric SUV segment [10] Market Data and Key Metrics Changes - Deliveries to North America were disrupted in Q2 due to tariff disputes but resumed in July [10] - The regional composition of deliveries was balanced with North America at 20%, Europe at 38%, ROW at 13%, and China at 29% [23] Company Strategy and Development Direction - The company is focusing on enhancing operational efficiency, having reduced operating expenses for seven consecutive quarters [12] - New funding arrangements include a security purchase agreement for up to $300 million and a master credit facility framework agreement with Geely [14] - The company is actively promoting its hyper hybrid technology, with the first vehicle equipped to launch in Q1 next year [31] Management Comments on Operating Environment and Future Outlook - Management acknowledged challenges posed by market volatility and policy uncertainties but highlighted key milestones achieved [12] - The company plans to phase out underperforming outlets in China while broadening urban coverage and customizing pricing strategies [22] - Future product launches include the Emera sports car facelift in 2027 and a new plug-in hybrid model expected to begin production by the end of this year [18][33] Other Important Information - Lotus Robotics, a subsidiary, is focused on AI and autonomous driving, with a strategic collaboration in the Middle East for robotaxi exploration [16][26] - The company is planning to equip services to another 10 different models, including passenger and commercial vehicles, over the next two to three years [25] Q&A Session Summary Question: Details about the company's product roadmap and future business outlook - Management discussed the promotion of hyper hybrid technology with the first vehicle launching in Q1 next year and emphasized global compliance for all products [31][32] Question: Explanation of the One Lotus strategy and expected synergies - Management explained the consolidation of Lotus UK and Lotus Tech, focusing on efficiency improvements and technology synergies, targeting to close the deal by the end of this year or Q1 next year [37][38]

Financial Data and Key Metrics Changes - In Q2 2025, the company delivered over 1,400 vehicles, a decrease of 49% year on year [8] - Total deliveries for the first half of the year exceeded 2,800 units, down by 43% compared to the same period last year [9] - Revenue narrowed to $126 million in Q2 and $218 million for the first half, down 44% and 45% year on year respectively [9] - Gross margin for Q2 stood at 5%, down four percentage points from the same quarter last year, while the first half gross margin was 8% [9][10] - Operating loss for Q2 was $160 million, a 22% improvement year on year, while net loss for the quarter was $130 million, down 36% [13] - First half operating loss was $263 million, a 40% year on year decrease, while net loss narrowed to $313 million, down by 32% [13] Business Line Data and Key Metrics Changes - Lifestyle vehicles accounted for 83% of total deliveries in Q2, up from 36% in Q1, contributing 68% of total deliveries in the first half [10] - Deliveries in China showed notable growth with the upgraded Eletras HyperXUVs becoming a leading model in the premium battery electric SUV segment [11] Market Data and Key Metrics Changes - Deliveries to North America were disrupted in Q2 due to tariff disputes but resumed in July [11] - The regional composition of deliveries was balanced with North America at 20%, Europe at 38%, ROW at 13%, and China at 29% [25] Company Strategy and Development Direction - The company has entered into a security purchase agreement for up to $300 million and secured funding commitments from strategic partner Geely [15] - The company is focusing on enhancing operational efficiency, having reduced operating expenses for seven consecutive quarters [13] - The product pipeline includes the rollout of the model year 2026 Emera sports car and plans for a plug-in hybrid vehicle production starting at the end of this year [19][22] Management Comments on Operating Environment and Future Outlook - Management highlighted the impact of U.S. tariff policies and ongoing destocking activities as challenges faced during the transition period [9] - The CEO emphasized the importance of strategic partnerships and localized market entry solutions to navigate market volatility and policy uncertainties [25][28] Other Important Information - The company is actively pursuing AI and autonomous driving technologies through its subsidiary, Lotus Robotics, and has entered into an MOU for collaboration in the Middle East [17][28] - The company plans to phase out underperforming outlets in China while broadening urban coverage [24] Q&A Session Summary Question: Could you share more details about the company's product roadmap and future business outlook? - Management discussed the promotion of hyper hybrid technology with the first vehicle launching in Q1 next year and emphasized global compliance for all products [33][34] Question: Could you explain the One Lotus strategy and the expected merger with Lotus UK? - Management explained the consolidation plan for efficiency improvements and technology synergies, targeting to close the deal by the end of this year or Q1 next year [39][41]