Lotus Technology announced its 2026 interim report on August 27, with revenue increasing by 23% year-on-year to $268 million, and gross margin rising from 8% to 10%. Net loss narrowed by 52% year-on-year, but excluding a one-time license fee refund, operating loss still reached $195 million. The first hybrid vehicle, For Me, was the main source of this growth, with deliveries in the Chinese market increasing by 60%. The company plans to increase annual sales to 30,000 units by 2030, achieve a gross margin of over 20%, and reduce the sales, general, and administrative (SG&A) expense ratio to below 25% to achieve sustained profitability.