Lotus Technology Inc. announced its financial results for the first half of 2025, reporting a total revenue of $218 million, marking a 45% year-over-year decrease. The gross margin for the same period was 8.2%, compared to 12.8% in the first half of 2024. The company reported an operating loss of $263 million, which narrowed by 40% year-over-year. The net loss for the first half was $313 million, reduced by 32% from the previous year. For the second quarter of 2025, the company reported total revenues of $126 million, a 44% decrease from the same period in 2024. The gross margin was 5.4%, down from 9.2% in the second quarter of 2024. The net loss for the second quarter was $130 million, narrowed by 36% year-over-year. The adjusted EBITDA, a non-GAAP measure, showed a loss of $103 million for the second quarter, which was a 42% improvement from the previous year. Total deliveries in the second quarter amounted to 1,410 units, a 49% year-over-year decrease. Deliveries of lifestyle SUVs and sedans decreased by 16% to 1,170 units, while sportscar deliveries dropped by 82% to 240 units. A significant update for the company includes its expectation to acquire 100% of the equity interests of Lotus UK by 2025, integrating all businesses and operations under the Lotus brand through non-cash transactions at pre-agreed prices.