Lotus Tech (LOT) Q4 2025 Earnings Call Transcript

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Friday, April 10, 2026 astatine 8 a.m. ET

• Chief Executive Officer — Feng Qingfeng

• Chief Financial Officer — George Tang

• Host — Michelle Ma

Feng Qingfeng: In equity financing, we secured a strategical equity concern of $23 cardinal from eCarX, deepening our planetary strategical concern done superior ties. Going forward, we volition jointly accelerate innovation successful next-generation intelligent cockpit ecosystems to present AI-driven experiences to consumers and collectively heighten merchandise competitiveness. On the tech side, our Hyper SUV Electre became the archetypal and lone Chinese-made electrical conveyance to gain R171.01 certification for road navigation assistance. It is besides lone the 2nd automaker successful the satellite to execute this, which is simply a immense validation of our precocious operator assistance strategy and opens much doors successful the premium European market.

On marque development, we teamed up with House of Automotive for the exclusive In Progress accumulation arsenic portion of the 2026 Milan Design Week. We showcased our concern plan doctrine and the Theory One conception car, proving erstwhile again however Lotus Technology Inc. blends exertion and aesthetics successful a mode that feels luxurious and forward-thinking. For our marketplace strategy, Lotus Technology Inc. is continuing to refine our planetary footprint and marque our income channels much efficient. We present person a well-balanced organisation web crossed 4 large regions. As of December, we had 211 income outlets worldwide: 67 successful Europe, 58 successful China, 48 successful North America, and 38 successful the remainder of the world.

In China, we kept expanding and upgrading our trader network. We opened a caller store successful the metropolis of Dalian and refreshed respective others. Dealers person been hiring much staff, adding much outlets, and ramping up online marketing, which has intelligibly improved some lawsuit acquisition and satisfaction. In North America, we program to turn our Canadian trader web connected the ground of existing channels. We present person six dealers successful Canada and expect to grow income by the extremity of the year, leveraging section tariff argumentation opportunities. The Electre is the lone Chinese-made electrical conveyance priced supra $80 1000 that is afloat certified for the North American market.

We expect beardown income maturation determination and volition commencement lawsuit deliveries successful Canada successful May. In Europe, we streamlined our enactment to tally leaner and gave each portion much state to tailor strategies to section needs. For example, we introduced the Business Edition models and a conveyance worth extortion program from Germany, and we are expanding firm and leasing concern successful the UK. As I antecedently mentioned successful the Q3 net league call, Lotus Technology Inc. is staying disciplined connected costs. We are closing a fewer underperforming stores, expanding the high-performing ones, and redirecting resources to the markets that substance most.