
Financial Performance and Profitability
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Lotus Technology expects gross profit margin above 20% in 2026, up from 3% in 2024, reflecting improved cost efficiency and economies of scale.
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Sales are projected to grow to 50,000–60,000 vehicles globally, a major increase from 12,134 units delivered in 2024.
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Operating revenue surged 70% in 2024 to $924 million, with continued growth forecast for 2026.
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The company aims to achieve positive cash flow and profitability in 2026 after previous net losses exceeding $1 billion.
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Recent challenges included tariffs, trade uncertainties, and market competition; these are addressed through cost-cutting and strategic expansion.
Revenue by Geography (2024 data with 2026 outlook)
Region | Revenue (USD, 2024) | Share of Total Revenue (%) | Notes |
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Europe | Not precisely stated | ~40% | Largest market, rapid growth |
China | Not precisely stated | ~25% | Second largest market, down YoY |
North America | Not precisely stated | ~21% | Growing market with new model |
Rest of World | Not precisely stated | ~15% | Expanding in Asia, Middle East |
Geographical expansion into the Middle East, Southeast Asia, Japan, Australia, New Zealand, and increased efforts in the US are priorities for 2026.
Regional and Global Sales Performance
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2024 deliveries totaled 12,134 vehicles, up 74% year-on-year.
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Sports cars and lifestyle SUV/sedan sales both saw double-digit growth, with models like the Eletre SUV and Emeya sedan driving expansion.
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Sales expected to rise sharply in 2026 with up to 60,000 units sold worldwide.
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New models and wider global distribution network are key sales drivers.
Best Selling Vehicles
Model | Notes |
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Lotus Eletre | Luxury electric SUV, flagship growth driver |
Lotus Emeya | Electric sedan launched mid-2024 |
Lotus Emira | Sports car, UK-produced, gaining traction in North America |
Upcoming Models | Continued development of electric replacements for Emira and Elise |
Weakest Performers and Segment Underperformance
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Lower gross margins and large net losses in recent years impacted profitability.
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Tariff impacts and global trade uncertainties have increased operating costs.
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Staff reductions announced to manage efficiency amid the EV market slowdown.
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Challenges remain in scaling production efficiently to meet ambitious sales goals.
Industry Outlook and Strategic Focus
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Lotus is focused on becoming profitable through scaling EV luxury vehicle sales, expanding product lineup, and global market penetration.
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Strategic cost optimizations and network expansions are underway to improve margins and competitiveness.
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Leveraging Geely ownership to accelerate technology and global reach.
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Outlook for 2026 is positive but cautious given economic uncertainties and competitive pressures.
Summary
Lotus is positioned for a transformational 2026 with profitability anticipated as sales grow to 50,000–60,000 vehicles and gross margins improve markedly. Expansion into new international markets and an electrified product focus underpin this outlook. While prior years showed significant losses, ongoing cost optimization and increasing brand presence signal a promising recovery and growth path.
Sources:
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Lotus Technology 2024-2026 financial and sales reportsyicaiglobal+1
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News on Lotus strategic staffing and market conditionsautocar