WTR Small-Cap Spotlight

Lotus Technology (LOT): Heritage, Hybrids, and the Path to Profitability

Water Tower Research

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In this episode of the WTR Small Cap Spotlight podcast, Dr. Wang, Chief Financial Officer of Lotus Technology (Nasdaq: LOT), joins Tim Gerdeman (Vice Chair, Co-Founder & CMO, Water Tower Research) and WTR Analyst Eric Goldstein.

Founded in 1948 and reborn under Geely, Lotus Technology has evolved from a legendary British sports car maker into a global intelligent and luxury mobility company. In FY2025, Lotus deliberately stepped back from low-margin, discounted volume — gross margins more than doubled, the net loss narrowed 58%, and adjusted EBITDA loss improved 63%. Management is now targeting double-digit gross margins in 2026 and luxury-peer profitability by 2028.

Dr. Wang walks through the margin expansion strategy, the global ramp of the 900V super-hybrid lineup (FOR ME in China, Eletre X in Europe), the Focus 2030 strategy under the new Geely-aligned board, the path to North America via Canada, and the key milestones investors should be watching.

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