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CoreWeave, Inc. engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, Peter Salanki, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.

CoreWeave Inc. - Ordinary Shares - Class A

CoreWeave Inc

CoreWeaves steep selloff and repeated tests of its yearly lows are drawing attention amid concerns about heavy debt, costly financing, refinancing needs and insider selling, alongside broader doubts about AI-infrastructure spending. Traders are split: bears see financing risks as a threat to growth, while bulls point to its backlog and AI partnerships and view the selloff as overdone; analyst upgrades and ARKs buying have not dispelled skepticism.

Broadcom Inc. is a global technology company, which designs, develops, and supplies semiconductors and infrastructure software solutions. It operates through the Semiconductor Solutions and Infrastructure Software segments. The Semiconductor Solutions segment refers to product lines and intellectual property licensing. The Infrastructure Software segment relates to mainframe, distributed and cyber security solutions, and fibre channel storage area networking business. The company was founded in 1961 and is headquartered in Palo Alto, CA.

Broadcom Inc

Broadcom is drawing attention amid a semiconductor selloff, with traders focused on CEO Hock Tans warning that some AI investing resembles gambling and his comments about capital constraints. The remarks and worries about AI spending and financing have fueled bearish sentiment, while other traders see the pullback as a buying opportunity based on Broadcoms AI-chip growth; many also complain that the stock has lagged semiconductor peers.

Cerebras Systems, Inc. engages in the designing and provision of processors for artificial intelligence (AI) training and inference. Its products include inference, Wafer Scale Engine, AI supercomputers, AI model services, cloud, systems, and processors. The company was founded by Sean Lie, Andrew D. Feldman, Gary Lauterbach, Michael James, and Jean Philippe Fricker in 2015 and is headquartered in Sunnyvale, CA.

Cerebras Systems Inc - Ordinary Shares - Class A

Cerebras Systems Inc

Cerebras is drawing attention as its steep post-IPO selloff continues, with traders citing upcoming share unlocks, reported insider sales, a TD Cowen downgrade and concerns about OpenAI customer concentration and competition from Nvidia. Others argue the decline is overdone, pointing to Cerebras AI-chip technology and potential demand, while broader weakness in AI and semiconductor stocks adds pressure.

Oracle Corp. engages in the provision of products and services that address aspects of corporate information technology environments, including applications and infrastructure technologies. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers enterprise applications and infrastructure technologies through cloud and on-premise deployment models including cloud services and license support offerings. The Hardware segment provides infrastructure technologies including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management, and other hardware-related software. The Services segment offers consulting, advanced support, and education services. The company was founded by Lawrence Joseph Ellison, Robert Nimrod Miner, and Edward A. Oates on June 16, 1977 and is headquartered in Austin, TX.

Oracle Corp.

Oracle is drawing attention amid a steep selloff and worries that its debt-funded AI data-center expansion, heavy capital spending, and weak free cash flow may be difficult to finance as credit costs rise and inflation fuels rate concerns. Bears question whether its backlog and AI demand will translate into cash flow, while bulls argue Oracles cloud business and contracted demand make the pullback an opportunity.

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Direxion Daily Semiconductor Bull 3X Shares

SOXL is rebounding alongside semiconductor stocks after a steep, extended selloff, drawing dip buyers who see oversold conditions and continued AI-chip demand as support for a recovery. Others warn the bounce may be temporary, citing concerns about AI investment returns and debt, market uncertainty, and upcoming chip-sector earnings.

Nebius Group NV is a technology company that provides infrastructure and services to AI builders worldwide. It offers Nebius AI, an AI-centric cloud platform provides full-stack infrastructure, including large-scale GPU clusters, cloud services, and developer tools. The company also operates through specialized brands: Toloka AI, which partners in data for generative AI development; TripleTen, an edtech platform focused on re-skilling individuals for tech careers; and Avride, which develops autonomous driving technology. Nebius Group was founded by Elena Kolmanovskaya, Ilya Segalovich, Mikhail Fadeev, and Arkady Volozh in 1989 and is headquartered in Amsterdam, the Netherlands.

Nebius Group N.V. - Ordinary Shares - Class A

Nebius Group N.V. 

NBIS is drawing attention amid a sharp AI/neocloud selloff fueled by concerns about financing, debt exposure and whether infrastructure spending will earn adequate returns. Traders are divided over whether the rebound is an oversold relief move or a pause before further declines, with some arguing Nebius is better positioned than more leveraged peers.

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU) and Compute & Networking. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, Quadro and NVIDIA RTX GPUs for enterprise workstation graphics, virtual GPU, or vGPU, software for cloud-based visual and virtual computing, automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating metaverse and 3D internet applications. The Compute & Networking segment consists of Data Center accelerated computing platforms and end-to-end networking platforms including Quantum for InfiniBand and Spectrum for Ethernet, NVIDIA DRIVE automated-driving platform and automotive development agreements, Jetson robotics and other embedded platforms, NVIDIA AI Enterprise and other software, and DGX Cloud software and services. The company was founded by Jen Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in April 1993 and is headquartered in Santa Clara, CA.

NVIDIA Corp

NVIDIA is drawing attention amid a pullback and tentative rebound in AI and semiconductor stocks, as traders debate whether data-center spending can generate adequate returns and whether financing stress at firms such as CoreWeave signals broader risk. Bulls point to sustained chip demand and upcoming company updates, while bears remain concerned about AI valuations, debt exposure, and competition.

Celestica, Inc. engages in the provision of supply chain solutions globally to equipment manufacturers and service providers. It operates through the Advanced Technology Solutions (ATS) and Connectivity and Cloud Solutions (CCS) segments. The ATS segment includes aerospace and defense, industrial, smart energy, health tech, and capital equipment businesses. The CCS segment consists of enterprise communications, telecommunications, servers, and storage businesses. The company was founded in 1994 and is headquartered in Toronto, Canada.

Celestica, Inc. - Ordinary Shares (Subordinate Voting)

Celestica, Inc.

Celesticas large equity offering has pressured shares, with traders citing dilution even as the capital is intended to support expansion. The selloff is being debated against the bullish AI and data-center demand outlook, prompting dip-buying while others remain concerned about volatility and the stocks valuation.

Invesco QQQ Trust Series 1 - Invesco QQQ Trust Series 1

A tech and semiconductor rebound after the AI-related selloff has lifted QQQ, with traders debating whether it marks a durable recovery or a short-lived relief bounce. Upcoming megacap earnings and concerns about AI spending, oil prices, and inflation are keeping sentiment divided.

Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Intel Foundry Services (IFS), and All Other. The CCG segment consists of platforms designed for notebooks, 2-in-1 systems, desktops, tablets, phones, wireless and wired connectivity products, and mobile communication components. The DCAI segment delivers solutions to cloud service providers and enterprise customers, along with silicon devices for communications service providers and high-performance computing customers. The IFS segment refers to full stack solutions created from the foundry industry ecosystem. The All Other segment represents results from other non-reportable segments and corporate-related charges. The company was founded by Robert Norton Noyce and Gordon Earle Moore on July 18, 1968, and is headquartered in Santa Clara, CA.

Intel Corp.

Intel Corp

JPMorgans upgrade of Intel to Neutral from Underweight, citing improving execution, is a key focus after a sharp selloff. Some traders see it as validation of the turnaround, while others dismiss the upgrade because the price target was unchanged; broader chip-sector weakness and unconfirmed foundry-deal speculation add to the debate.

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Lotus and WasabiCard Explored Enterprise‑Driven Stablecoin Payment Use‑Cases during TOKEN2049 Singapore

Lotus Tech CFO participated in TOKEN2049 side‑event, discussing the conditions needed for wider stablecoin adoption in real-world payments.
Both parties highlighted that broad stablecoin adoption hinges on compliance, security and resolution of real‑world operational challenges.
  
NEW YORK, Oct.  15, 2026 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today announced that Dr. Daxue Wang, Chief Financial Officer, attended Stablecoin & Payments: Funds Flow, a TOKEN2049 Singapore side event hosted by WasabiCard on October 6, 2026.
  
Dr. Wang discussed customer-led innovation, payment security and the conditions needed for wider stablecoin adoption from the perspective of a global consumer brand, evaluating how emerging payment technologies could respond to changing customer expectations.
  
Lotus has expanded its product portfolio and technology choices in response to changing customer needs, a principle that could be applied to payments when customers ask for new ways to transact.
  
“We are seeing meaningful interest from prospective customers for expanded payment alternatives, including the potential use‑case of stablecoins for vehicle purchases,” said Dr. Daxue Wang, Chief Financial Officer of Lotus Tech.
  
“This remains an area of ongoing exploration guided by customer demand, security safeguards, regulatory considerations and practical implementation. Industry dialogue around stablecoin‑enabled payments is growing more practical, yet wider adoption will depend on how stakeholders effectively tackle security, regulatory clarity, user costs, sustainability and genuine business applications. 
  
“WasabiCard brought people from different industries and backgrounds into one focused discussion, and we welcome continued engagement as market participants resolve detailed operational questions in developing real‑world stablecoin applications.”
  
Ray Yang, Co-founder and CEO of WasabiCard, added: “The next phase of stablecoin adoption will be shaped by whether global businesses can use the technology within reliable, compliant and familiar payment workflows.
  
“Lotus brought an important enterprise and customer perspective to the discussion. Customer demand, user experience and operational trust should guide how the industry builds practical payment products.”
  
Stablecoin & Payments: Funds Flow, the TOKEN2049 Singapore side event hosted by WasabiCard, brought together representatives from global enterprises, payment networks, stablecoin infrastructure, institutional finance, tokenization platforms, digital-asset security and cloud technology.
  
Discussions focused on the practical requirements for tokenized markets and stablecoin payments to gain wider institutional and business adoption.
  
Lotus Tech will continue evaluating emerging technologies according to customer needs, implementation feasibility and long-term business value.
  
About Lotus Technology Inc.
  
Lotus Technology Inc. has operations across the UK, the EU, the US and China. The Company is dedicated to delivering high-performance sports cars and luxury lifestyle electric vehicles under Lotus Brand, a global performance brand built on solid foundations and a rich heritage, with a focus on world-class R&D in next-generation automobility technologies and designs to meet its uncompromising vision of how a car should look, perform and feel. For more information about Lotus Technology Inc., please visit www.group-lotus.com.
  
About WasabiCard
  
WasabiCard is a global payment infrastructure platform enabling enterprises, fintechs, and internet-native businesses to issue cards, distribute payouts, and manage cross-border payments through stablecoin-powered financial infrastructure.
  
Its platform supports global card issuing, multi-currency settlement, stablecoin funding, and embedded payment capabilities designed for modern global commerce. WasabiCard powers payment use cases across media buying, SaaS subscriptions, global payroll, treasury management, and digital financial applications.
  
Follow WasabiCard on X and LinkedIn for updates on product developments, partnerships and stablecoin-powered payments.
  
Forward-Looking Statements
  
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Technology Inc. undertakes no obligation to update any forward-looking statement, except as required under applicable law.
  
Contact Information
For investor inquiries:
ir@group-lotus.com

Lotus Tech to Join WasabiCard's TOKEN2049 Singapore Side Event, Spotlighting Real-World Stablecoin Applications

Lotus Tech to Join WasabiCard's TOKEN2049 Singapore Side Event, Spotlighting Real-World Stablecoin Applications Lotus Tech to Join WasabiCard's TOKEN2049 Singapore Side Event, Spotlighting Real-World Stablecoin ApplicationsPR NewswireSINGAPORE, Oct. 5, 2026SINGAPORE, Oct. 5, 2026 /PRNewswire...

Full Transcript: Lotus Technology Q1 2026 Earnings Call

On Thursday, Lotus Technology (NASDAQ:LOT) discussed first-quarter financial results during its earnings call. The full transcript is provided below.
Benzinga APIs provide real-time access to earnings call transcriptsread more...

Lotus Technology Reports Unaudited Half Year 2026 Financial Results

Lotus Tech Completed Acquisition of 100% Equity Interest of Lotus Advance Technologies, Integrating All Businesses and Operations Under One Lotus

Lotus Tech completed the acquisition of 100% equity interest in Lotus UK following the exercises of put options by Geely and Etika.
Lotus becomes one integrated global business under One Lotus with legendary British heritage and next-generation electrified mobility technologies.
The integration is expected to unify the brand globally, accelerate collaboration, streamline governance and support long-term growth.
  
NEW YORK, Aug.  25, 2026 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today announced that it completed the acquisition of 100% of the equity interests in Lotus Advance Technologies Sdn Bhd (“Lotus UK”) on August 21, 2026.
  
Based in Hethel, Norfolk, Lotus UK sits at the heart of Lotus’ 78 years of heritage and continued capability in design, racing and engineering. Lotus UK is home to the manufacturing operations for Lotus’ sports cars, as well as to Lotus Engineering, a world‑renowned automotive engineering consultancy providing advanced engineering and technical services to OEMs and Tier 1 suppliers globally, with decades‑long expertise in lightweight structures, aerodynamics and chassis dynamics.
  
The transaction brings Lotus' iconic British sportscar engineering, manufacturing capabilities and next-generation intelligent vehicle technologies together under a single corporate structure, marking a significant milestone in Lotus' evolution under Focus 2030 strategy. The integration of Lotus UK and Lotus Tech will unify the brand, streamline governance, enhance operational synergies and accelerate engineering and technology integration for next-generation performance vehicles. The unified group is expected to unlock value across R&D, supply chain, manufacturing and global sales channels, building a unique competitive advantage at the intersection of British performance engineering heritage and next‑generation electrified mobility, and delivering sustainable long‑term value for customers and shareholders.
  
Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech, said: “Lotus is one brand and one strategy, and from today it is one business. Everything that makes Lotus a Lotus - the engineering, the obsession, the discipline - now sits in a single organization. It unifies the brand, increasing our global competitiveness and accelerating product development and go-to-market speed. This is an important step in advancing our Focus 2030 strategy and embarking on the next chapter of Lotus’ global revitalization.”
  
Lotus has shaped automotive culture for 78 years and will continue to redefine the limits of performance in racing and build engaging road cars globally, combining design and engineering rooted in the UK with the broader technologies and industrial capabilities of the Geely ecosystem.
  
About Lotus Technology Inc.
  
Lotus Technology Inc. has operations across the UK, the EU, the US and China. The Company is dedicated to delivering high-performance sports cars and luxury lifestyle electric vehicles under Lotus Brand, a global performance brand built on solid foundations and a rich heritage, with a focus on world-class R&D in next-generation automobility technologies and designs to meet its uncompromising vision of how a car should look, perform and feel. For more information about Lotus Technology Inc., please visit www.group-lotus.com.
  
Forward-Looking Statements
  
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Technology Inc. undertakes no obligation to update any forward-looking statement, except as required under applicable law.
  
Contact Information
For investor inquiries:
ir@group-lotus.com

Lotus Technology to Report Unaudited First Half 2026 Financial Results on Thursday, August 27

NEW YORK, Aug.  13, 2026 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today announced that it will report its unaudited financial results for the first half of 2026 on Thursday, August 27, 2026, before market opening in the United States.
  
The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Thursday, August 27, 2026, (14:00 Central European Time / 20:00 China Standard Time on the same day).
  
There will be a live audio webcast and a limited-time replay available on the Company’s investor relations website at https://ir.group-lotus.com/news-events/events.
  
Participants who wish to view the live webcast may register at https://edge.media-server.com/mmc/p/fna84dsa.
  
Participants who wish to join the conference call, please complete online registration prior to the scheduled call start time using the link provided below. Upon registration, participants will receive a confirmation email with conference call access information, including dial-in numbers and a unique PIN.
  
Participant online registration link: https://register-conf.media-server.com/register/BIb14ba874347b4170a033130cedc8bcac.
  
About Lotus Technology Inc. 
Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalization and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com.
  
Forward-Looking Statements
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Technology Inc. undertakes no obligation to update any forward-looking statement, except as required under applicable law.
  
Contact Information
For investor inquiries
ir@group-lotus.com

Lotus Tech Releases 2025 Sustainability Report, Highlighting Progress Across Governance, Product Innovation, and Value Chain

Lotus Tech released its third-party assured 2025 Sustainability Report aligned with international standards. 

The Company strengthened governance structure, obtained global information security certifications and maintained strict anti-corruption compliance. 

The Company expanded electrified luxury vehicle lineup with eco-materials and recorded zero recalls. 

The Company boosted green manufacturing and renewable energy use while advancing sustainable supply chain practices.
    
NEW YORK, June  18, 2026  (GLOBE NEWSWIRE) -- Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today released its 2025 Sustainability Report, highlighting continued progress in embedding sustainability across its global operations. The report has been independently verified by a third-party assurance agency in accordance with international standards.
    
“Looking ahead, we will continue to take a long-term view, prioritizing both innovation-driven growth and sustainable development,” said Dr. Daxue Wang, Chairman of the ESG Committee at Lotus Tech. “We are focused on optimizing our products and services, strengthening our ESG performance and governance, and maintaining our leadership in the global high-end intelligent mobility sector. Through this approach, we aim to create long-term value for shareholders, deliver exceptional experiences to users, and contribute positively to society.”
    
Key Highlights from the 2025 Sustainability Report: 
    
Strengthened Governance and Ethical Compliance: The Company enhanced its governance architecture, further embedding compliance and ethical standards across its operations. Lotus Tech achieved international certifications in information security and privacy protection, while upholding rigorous anti-corruption and fair competition practices globally. 

Sustainable Product Innovation and Quality Leadership: Lotus Tech expanded its intelligent luxury product portfolio with advanced electrified and hybrid solutions, integrating eco-friendly materials and cutting-edge safety technologies. The Company maintained its industry-leading quality standards throughout the reporting period, with no recall events for its lifestyle electric vehicle models. 

Green Operations and Value Chain Collaboration: Lotus Tech advanced its climate strategy through green manufacturing practices, increased use of renewable energy, and nature-positive initiatives. The Company also strengthened supply chain sustainability efforts while actively supporting employee well-being and community engagement.
    
To read the full Lotus Tech 2025 Sustainability Report, please visit www.group-lotus.com/esg.
    
About Lotus Technology Inc.  
Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalization and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com.
    
Forward-Looking Statements 
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Technology Inc. undertakes no obligation to update any forward-looking statement, except as required under applicable law.
    
Contact Information 
For investor inquiries 
ir@group-lotus.com

Lotus opens orders for Eletre X in mainland Europe

Eletre X is built for drivers who refuse to compromise - delivering ultimate performance, 1,200+ km of range, and 9-minute charging in a practical hybrid SUV.1
Available to order today, starting from €96,990.
  
Supercar levels of performance in a practical SUV with a 900V architecture and up to 952 PS and 935 Nm of torque.
No more range anxiety with EV-only range of up to 350 km; comprehensive range exceeding 1200 km (WLTP), without refuelling or charging.
Ultra-fast charging with 70 kWh battery charging from 20–80% in just 9 minutes with 350 kW DC charger, making it one of the fastest charging electrified vehicles to come to market.
Consistent performance in all driving conditions with 0-100 km/h in 3.3 seconds, and 0-100km/h acceleration in 3.5 seconds, even at 10% state of charge.
Engineered with Lotus DNA and up to 120kg lighter than its fully electric counterpart, Eletre 900.
X-Hybrid is the first of its kind of technology to come to market in Europe. Deliveries expected to commence in Q4 2026.
  
NEW YORK, June  02, 2026  (GLOBE NEWSWIRE) -- Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today introduced Eletre X (known as For Me in China), the first vehicle built on the brand’s proprietary X-Hybrid architecture. The car is available to order now in mainland Europe2, starting from €96,990, and customer deliveries are expected from Q4 2026.
  
Eletre X joins the Eletre range in delivering everything customers expect from a Lotus - dynamic, refined performance and deeply engaging driving - without asking them to compromise on range, practicality or long-distance capability.
  
X-Hybrid is Lotus’ new proprietary technology, blending battery electric vehicle (BEV) performance with internal combustion engine (ICE) support to deliver long-range flexibility and practicality; alongside sustained high performance and Lotus' trademark driver engagement. It plays a key role in Lotus’ Focus 2030 strategy, as part of its multi-power train approach built around the customer.
  
Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech, said, “Eletre X is proof of how cutting-edge technology can serve the driver, a value which is at the heart of the Lotus brand. We feel that we have created something which not only pushes the boundaries of what is possible from a technical standpoint but, in doing so, enriches their emotional and practical driving experience.”
  
X-Hybrid – a new architecture. Electric first performance, with extended range capabilities
X-Hybrid is a technology like no other. At its core is a 11C high-discharge battery system supported with a 150kW onboard generator. Eletre X’s onboard generator, powered by a 2.0 litre Turbo engine, continuously replenishes available energy during driving. This delivers uninterrupted performance across extended journeys and demanding operating conditions, unlike most hybrid systems that rely on energy recovery alone.
  
The engine operates primarily as part of an intelligent onboard power generation system, replenishing available energy during longer journeys and sustained high-load driving.
  
That same system intelligently adapts energy deployment depending on speed, battery state of charge and driver demand, operating across multiple drive scenarios, balancing pure EV driving, onboard power generation and hybrid assistance to optimise performance, efficiency and real-world usability.
  
All of this, combined with a 900V architecture and a 52-litre fuel tank, results in a target combined WLTP range of more than 1,200 km and up to 350 km on electric power alone – delivering consistent performance, efficiency and long-term reliability. This means drivers never need to touch the engine for most daily driving, or rethink longer journeys around charging infrastructure.
  
Eletre X is one of the fastest charging electrified vehicles to come to market and supports 20–80% charging in approximately 9 minutes on a 350 kW DC charger – the time it takes to grab a coffee.
  
Uninterrupted performance, no matter the environment 
Eletre X is designed to deliver supercar performance, whilst ensuring the safety, efficiency and practicality of an SUV with:
  
952 PS and 935 Nm through dual permanent magnet motors – ensuring the car responds instantly, and feeling feels smooth and effortless.
Covers 0–100 km/h in 3.3 seconds, and 80–160 km/h in 3.88 seconds – delivering reliable performance in everyday driving conditions.
  
As part of Lotus’ relentless pursuit of performance, Eletre X is designed to deliver repeatable, dependable capability across real world conditions. Even at approximately 20% battery charge, around 550-kW of output remains available. From Nordic-winter readiness to Alpine descents, or a sustained Autobahn cruise, the battery management system ensures immediate readiness.
  
A true Lotus chassis, engineered for precision and control
With nearly 80 years of performance engineering to draw on, Eletre X applies the Lotus DNA throughout its chassis and aerodynamic systems, developed to deliver the world-class dynamics, handling and driver feel that customers expect from Lotus.
  
The vehicle’s body structure uses Lotus’ porosity philosophy — intelligently directing airflow through as well as around the vehicle to balance cooling, stability and drag. Active aerodynamic systems help to amplify efficiency with the active grille shutter and improve stability with an active rear spoiler capable of generating up to 120kg of downforce under braking.
  
Eletre X combines its new powertrain architecture with a series of advanced chassis technologies developed to preserve precision, composure and body control, despite full-size SUV proportions. This includes:
  
48V active anti-roll control, delivering up to 1,400 Nm of roll-stabilising torque
Dual-chamber air suspension
Dual-valve adaptive dampers capable of responding in as little as 2 milliseconds to changing road and load conditions
Front double-wishbone suspension
Active torque management systems
Custom-developed Pirelli P Zero 5 LTS tyres for wet adhesion and sustained high-speed stability
Brembo six-piston brakes support strong stopping performance and thermal recovery during repeated high-load use.

  
All of this has been done to ensure Eletre X responds and handles like a Lotus – it is designed to feel much smaller and lighter than consumers would expect from a traditional SUV.
  
Lotus' commitment to obsessive engineering and lightweight principles has also cancelled out the weight of its new technologies through savings across the body frame, electric drive system and battery base plate, leaving Eletre X H550 up to 120kg lighter than the Eletre 900.
  
Refined inside and out for the ultimate driving experience
Every touchpoint inside the cabin has been designed to simplify and enhance how the car should feel and perform. Slim digital displays and a driver-focused Lotus Hyper OS infotainment system. Analogue controls for primary functions keep the driver physically connected to the car. A head-up display to ensure attention stays where it belongs.
  
Additional features unique to Lotus include:
  
A 23-speaker KEF audio system which uses Uni-Q technology, positioning high-frequency and mid-range drivers on the same acoustic axis – making every journey feel extraordinary and envelops the driver in it.
Thirty perception sensors and NVIDIA Thor computing architecture work quietly in the background, building confidence on every journey without ever intruding on the experience.
Interior materials include carbon fibre, Alcantara and Wyron Truecycled - a pioneering upcycled textile, introduced as part of Lotus’ commitment to sustainability without compromise on quality or character.

  
Pricing3 and availability
Eletre X is competitively priced in the super SUV segment, and will be available in two variants:
  
Eletre X H550, the entry point, starting at €96,990
Eletre X H1000, the flagship, starting at €119,990
  
Available to order now in mainland Europe, with customer deliveries expected to commence from Q4 2026.
  
UK customer deliveries are expected to commence in summer 2027 and is subject to right hand drive homologation.
  
Note 1: All specifications outlined in this press release is the target data and not final. It may vary – subject to European homologation. Some model features, optional extras and colours shown may not be available, or may only be available in a certain specification. The specified fuel consumption and emission data are determined based on the measurement procedures prescribed by law.
  
Note 2: Lotus’ key markets in mainland Europe include Germany, Belgium, Netherlands, Spain, Italy, France, Austria, Luxembourg, Norway, Sweden. 
  
Note 3: All pricing is dependent on chosen model and excludes options, specifications, taxes and delivery charges and Lotus reserves the right to revise its prices in the future due to, but not limited to, availability of materials, delivery costs, inflation and changes in (local) taxes.
  
About Lotus Technology Inc. 
Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalization and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com.
  
Forward-Looking Statements
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Technology Inc. undertakes no obligation to update any forward-looking statement, except as required under applicable law.
  
Contact Information
For investor inquiries
ir@group-lotus.com

Emira 420 Sport: the lightest and most powerful Emira yet

A pure expression of the Lotus DNA, with every advancement made in the pursuit of performance: carbon fibre, titanium exhaust, lithium-ion battery, two-way adjustable Multimatic dampers and high-performance tyres.
25kg lighter and 25kg more downforce than the Emira Turbo, with the Lightweight Handling Pack, and delivering 420PS, 500Nm and 0–62mph in 3.9 seconds.
Removable roof panel introduced for the first time on the Emira, available across the full range.
Emira 420 Sport is available for order now, with customer deliveries expected from August 2026.
  
NEW YORK, May  26, 2026  (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, today announced that Lotus introduces the Emira 420 Sport - the most powerful, lightest and most aerodynamically capable Emira ever built.
  
The Emira 420 Sport sits at the apex of the Emira line-up and has been designed specifically to deliver even more performance both on road, and on track. It reinforces Lotus commitment to preserving its DNA by delivering greater agility, response and driver engagement.
  
Emira 420 Sport produces 420PS from a 2.0-litre turbocharged four-cylinder engine, accelerates from 0–62mph in 3.9 seconds and reaches a top speed of 186mph.
  
With the optional Lightweight Handling Pack, the Emira 420 Sport is 25kg lighter than the Emira Turbo and generates 25kg of additional downforce. A series of aerodynamic revisions improve cooling and track performance without increasing drag.
  
Lotus is also introducing a removable tinted glass roof panel for the Emira, available now across the full model range.
  
Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech, said, “Emira 420 Sport is proof of our commitment to Focus 2030, and we’re listening to our customers. This is what obsessive engineering looks like. We've built on everything Emira has achieved to date to deliver a car that is even more connected, more intuitive, and more rewarding to drive. It is a car for the drivers.”
  
More performance, reduced weight 
The 2.0-litre turbocharged engine produces 420PS and 500Nm of torque, paired with an eight-speed dual-clutch transmission for faster acceleration and more immediate in-gear response.
  
The Lightweight Handling Pack delivers improved agility and responsiveness, and includes two-way adjustable Multimatic dampers, a titanium exhaust, a lithium-ion battery, carbon fibre components and a dedicated Lotus Track Performance app to measure and record your lap times.
  
Upgraded aerodynamic and cooling 
Exterior updates include a new front splitter, revised front vents, extended side sills, larger air intakes, a lip spoiler and a louvred tailgate. These changes result in airflow to the outboard radiators increasing by 15%, to the central radiator by 14%, and brake cooling improving by 10%, as well as exhaust valve airflow increasing by 30%. With these upgrades, drivers are able to experience more consistent performance in demanding conditions, particularly on track.
  
The updates also subtly reference Lotus’ design heritage, echoing cues seen on cars such as the Esprit Turbo.
  
Chassis and driver focus engagement  
The Emira 420 Sport builds on Lotus’ reputation for steering precision and chassis balance. A 5mm lower ride height, combined with revised suspension settings and high-performance tyres, enhances control and feedback.
  
The bonded aluminium chassis and double wishbone suspension deliver the blend of ride comfort and handling precision that defines the Emira, while electro-hydraulic power steering provides detailed feedback to the driver.
  
Inside, the cabin is designed to support both road and track driving, with 12-way adjustable seats, a driver-focused layout and intuitive controls. New carbon fibre gearshift paddles combine with updated haptics for added responsiveness and engagement.
  
Gavin Kershaw, Director of Attributes of Lotus, said, “Emira is globally renowned for its ride and handling – it has been tuned to absorb, settle and communicate, working in harmony with a steering system that remains pure. With the 420 Sport, we've taken that foundation and pushed it further. Adjustable dampers, increased downforce, sharper responses, reduced roll - every detail obsessively engineered to put the driver more in control.”
  
Enhanced personalisation 
The Emira 420 Sport is now available with an optional exterior carbon fibre pack. This includes the front splitter, side sills, wheel arch vents, side pods, rear spoiler and diffuser surround.
  
Drivers now have a choice of nine-wheel designs and finishes including a new 20-inch 15-spoke forged alloy wheels finished in satin dark grey.
  
The colour palette is vibrant and extensive, with 16 choices to select from. Unique to the Emira 420 Sport is Tangelo Orange, a vivid and expressive colour that continues a long tradition of Lotus Orange paints.
  
Two new optional packs for the Emira 420 Sport cabin are available:
  
The Carbon Fibre Pack changes the driver display surround with unique geometry; the centre spoke on the steering wheel and the logo surround in the seat back.
A Hand Painted Pack uses the Tangelo Orange launch colour to add highlights throughout the cabin, including the centre console, steering wheel spoke, gear lever inner and air vent surrounds.
  
Exhilarating open-air driving from Lotus  
A removable tinted glass roof panel is available for the first time on the Emira. Inspired by the Esprit, the panel is designed for quick removal and stores behind the seats in a protective bag, allowing drivers to switch easily between coupé and open-top configurations. Lotus’ underlying architecture ensures dynamic performance remains unchanged.
  
The feature is now available across all Emira variants.
  
Pricing and availability  
Emira 420 Sport is available to order now, with customer deliveries expected from August 2026.
 
CountryMRSPS starting price*
Europe€129,900
United Kingdom£105,900
United States$122,900
 
*Dependent on chosen model and excludes options, specifications, taxes, delivery charges and Lotus reserves the right to revise its prices in the future due to, but not limited to, availability of materials, delivery costs, inflation and changes in (local) taxes.
  
About Lotus Technology Inc.  
Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalization and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com.
  
Forward-Looking Statements 
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Technology Inc. undertakes no obligation to update any forward-looking statement, except as required under applicable law.
  
Contact Information 
For investor inquiries 
ir@group-lotus.com

Lotus Unveils Focus 2030 – Reinforcing Brand DNA with an All-New Hybrid-V8 Supercar

Focus 2030 targets market competitiveness and sustainable business operations through brand reinforcement and unification, close partner collaboration, financial discipline, and multi-powertrain strategy.
New proprietary X-Hybrid performance technology will be the first of its kind to come to market in Europe in Q4 2026, with more than 1,000 orders in China in the first month for Eletre X - showing early momentum.
Type 135 confirmed as an all-new hybrid-V8 supercar coming to market in 2028, reaffirming Lotus’ performance DNA.
  
NEW YORK, May  11, 2026  (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, today announced Focus 2030 for Lotus, an evolved business strategy designed to underpin its competitiveness and transformation into a more flexible and sustainable business model ensuring market resilience amid external headwinds.
  
Built on four core pillars, including brand reinforcement, a multi-powertrain strategy, close partner collaboration, and financial discipline, the strategy marks a significant reset for the brand.
  
Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech, said, “Lotus was born from the rebellious spirit of Colin Chapman, and that is not lost today. Focus 2030 will reset both the brand and the business, keeping us true to our DNA. We are obsessed with engineering, performance and building drivers' cars, and that is what will grow this business.”
  
Protecting What Makes Lotus, Lotus 
Focus 2030 puts the Lotus DNA at the heart of every decision. Regardless of product or powertrain, every Lotus has been, and will be, developed against the same set of guiding principles: lightweight design, aerodynamics, obsessive engineering, and driver engagement.
  
Lotus has been instrumental in shaping automotive culture for 78 years - redefining the limits of performance in racing and building the most engaging road cars in the world. This continues under Focus 2030, with design and engineering rooted in the UK, home of the brand’s identity and motorsport expertise, and R&D in China to deliver rapid scale to market.
  
Multi-Powertrain Strategy, Built Around the Customer  
As regulatory and consumer landscapes continue to evolve globally at different speeds, Lotus will pursue an agile approach across ICE (internal combustion engine), PHEV (hybrid electric vehicle), and BEV (battery electric vehicle), targeting an approximately 60:40 mix between PHEV and BEV volume mix over its electrified portfolio in the interim, and a customer-led transition to full electrification.
  
Hybrid technology will play a central role, serving specific customer needs. First to come is X-Hybrid, a unique blend of ICE and BEV performance expertise that delivers long-range, flexibility, and practicality alongside sustained high performance and Lotus’ trademark driver engagement.
  
Lotus’ proprietary X-Hybrid technology was first launched on Eletre, as Eletre X (known as “For Me” in China). Customer deliveries have started in China, and early vehicle reception has been positive, with more than 1,000 orders placed in the first month alone. Customer deliveries in Europe are expected to begin in Q4 2026, making it the first of its kind to come to market.
  
Reaffirming the brand’s performance DNA, the next development of Lotus’ proprietary hybrid technology will be the unveiling of its first-ever supercar, Type 135 (also known as “Vision X”), planned for delivery in 2028. This will be an all-new car, featuring a V8 hybrid powertrain, with over 1000PS. It is expected to be manufactured in Europe, with further details to be announced later this year.
  
Emira continuity is confirmed, reflecting both Lotus’ commitment to manufacturing in the UK and sustained consumer demand for its combustion-engine sportscars. The company will reveal an update in the coming weeks, designed to be the most powerful and lightest Emira ever built.
  
Lotus’ BEV portfolio, Eletre (SUV), Emeya (GT), and Evija (Hypercar), remains a core pillar of the business, having brought new customers to the marque and broadened its commercial foundation. Lotus was an early adopter of 800V architecture through its electric SUV and GT offerings and remains committed to continued BEV innovation.
  
Built to Compete Globally  
Lotus’ close collaboration with its major shareholder, Geely Holding Group, is central to Focus 2030. The two businesses are working together on technology development, supply-chain competitiveness, and manufacturing efficiencies to increase go-to-market speed, global scale, and margin resilience.
  
The partnership gives Lotus access to world-class electrification capabilities and resources, while Lotus contributes its globally recognized performance engineering expertise and brand equity to Geely Holding Group’s portfolio.
  
Underpinning this is the planned integration of Lotus UK and Lotus Tech into a single entity, which is expected to unify the brand, streamline governance, reduce costs, and accelerate engineering integration for next-generation performance vehicles.
  
Daniel Li, Chairman of the Board of Directors at Lotus Tech, and Executive Vice Chairman of Geely Holding Group, said, “Geely has believed in Lotus from the beginning, and that belief has not wavered. We are committed to giving Lotus the resources it deserves to compete at the highest level. What Lotus brings is irreplaceable, and Focus 2030 is proof that we take that responsibility seriously. We are excited for the next chapter in the brand's story."
  
Restoring Financial Discipline  
Focus 2030 sets a clear commercial direction for the business, with a focus on targeted volumes, stronger margins, and greater emphasis on personalization. Lotus is guiding towards a steady ramp-up to 30,000 sales units annually as its full model line-up stabilizes, enabling the business to reach sustained profitability.
  
Over the last year, Lotus has made significant improvements across its entities to increase operational efficiency. Lotus Tech has also increased cost optimization and operational efficiency, as demonstrated by its improved margins in its full-year 2025 results.
  
The Company has targeted a clear and diverse strategy across its core markets:
  
China - the primary volume growth engine, leveraging strong demand for premium new energy vehicles (NEV).
Europe - building on racing heritage and British engineering brand equity across a diverse powertrain portfolio.
North America - strategy anchored in sports cars, with a new SUV market opportunity in Canada.
APAC and Middle East - foundations have been developed, and the brand is now active in 25 markets across the region, providing opportunities to reach new customers with its entire product portfolio.
  
About Lotus Technology Inc.  
Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalization and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com.
  
Forward-Looking Statements 
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Technology Inc. undertakes no obligation to update any forward-looking statement, except as required under applicable law.
  
Contact Information 
For investor inquiries 
ir@group-lotus.com
  
For media inquiries 
rk@beforethestorm.co

Lotus Technology, Inc. engages in the design, development, and sale of battery for electronic vehicles through its subsidiaries. It also sells luxury sports cars under the Lotus brand. The company was founded on August 9, 2021 and is headquartered in Shanghai, China.

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