Lotus Technology reported a 1H2026 loss narrowed by 52% to $151 million as revenue rose 23% to $268 million and deliveries climbed 39% to 3,904 after launching a plug-in hybrid. The stock rose about 5% to $125, signaling continued near-term upside on improving fundamentals and strong China demand, which accounts for 58% of Lotus revenue in a country responsible for a large share of global EV production.
Lotus's CEO has cast doubt on the imminent commercialization of solid-state batteries, indicating it might take 3 to 10 years. This skepticism could impact investor expectations and timelines for Lotus's product innovations. Given Geely's leadership role in R&D, continued scrutiny of battery technologies may also affect Lotus's strategic direction.
