Lotus Technology Inc. (LOT.US), a global leading provider of intelligent luxury mobility solutions, announced on August 19 that it has entered into a securities purchase agreement with ATW Partners, a New York-based investment firm focused on frontier companies with long-term growth potential. Under the agreement, Lotus Technology will issue convertible notes with a maximum principal amount of up to $300 million to ATW Partners. These notes are convertible into the company's common stock and will be held in the form of American Depositary Receipts (ADSs).

Mr. Feng Qingfeng, Chief Executive Officer of Lotus Technology, commented: "This new funding reflects our partners' confidence in us and further supports the company's continued business advancement and transformation. We are confident that this will further strengthen our operational capabilities and continue to create sustainable value for shareholders."

As previously announced, Lotus Technology also entered into a Master Credit Framework Agreement with Zhejiang Geely Holding Group Co., Ltd. ("Geely") on July 28, 2025. Under the agreement, Geely has agreed to provide (including through its subsidiaries) a non-revolving credit facility of up to RMB 1.6 billion (approximately $200 million) to Lotus Technology and its subsidiaries.