# Lotus Technology Inc.: Form 20-F for the period ended Dec 31, 2023

- Company: [Lotus Technology Inc.](/companies/lot.md) (CIK 1962746)
- Form: 20-F
- Filed: 2024-04-22
- Accepted by EDGAR: Apr 22, 2024, 16:32 ET
- Period: 2023-12-31
- Accession: 0001104659-24-050028
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/1962746/000110465924050028/lot-20231231x20f.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/1962746/000110465924050028/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2023-12-31.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 12 months, 2023-01-01 to 2023-12-31 | $679.0m | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Cost of revenue | 12 months, 2023-01-01 to 2023-12-31 | $576.8m | us-gaap:CostOfRevenue |
| Gross profit | 12 months, 2023-01-01 to 2023-12-31 | $102.2m | us-gaap:GrossProfit |
| Research and development | 12 months, 2023-01-01 to 2023-12-31 | $368.7m | us-gaap:ResearchAndDevelopmentExpense |
| Operating income | 12 months, 2023-01-01 to 2023-12-31 | −$735.9m | us-gaap:OperatingIncomeLoss |
| Interest expense | 12 months, 2023-01-01 to 2023-12-31 | $10.2m | us-gaap:InterestExpense |
| Income tax | 12 months, 2023-01-01 to 2023-12-31 | $1.1m | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 12 months, 2023-01-01 to 2023-12-31 | −$742.0m | us-gaap:NetIncomeLoss |
| Diluted EPS | 12 months, 2023-01-01 to 2023-12-31 | −$1.60 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 12 months, 2023-01-01 to 2023-12-31 | −$1.60 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 12 months, 2023-01-01 to 2023-12-31 | 474,621,603 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 12 months, 2023-01-01 to 2023-12-31 | −$386.9m | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 12 months, 2023-01-01 to 2023-12-31 | $213.7m | us-gaap:PaymentsToAcquireProductiveAssets |
| Cash and equivalents | at 2023-12-31 | $418.9m | us-gaap:CashAndCashEquivalentsAtCarryingValue |
| Current assets | at 2023-12-31 | $883.7m | us-gaap:AssetsCurrent |
| Total assets | at 2023-12-31 | $1.58bn | us-gaap:Assets |
| Current liabilities | at 2023-12-31 | $1.76bn | us-gaap:LiabilitiesCurrent |
| Total liabilities | at 2023-12-31 | $2.41bn | us-gaap:Liabilities |
| Long-term debt | at 2023-12-31 | $75.7m | us-gaap:LongTermDebtNoncurrent |
| Current portion of debt | at 2023-12-31 | $378.6m | us-gaap:LongTermDebtCurrent |
| Short-term borrowings | at 2023-12-31 | $226.8m | us-gaap:ShortTermBorrowings |
| Shareholders' equity | at 2023-12-31 | −$1.21bn | us-gaap:StockholdersEquity |
| Shares outstanding | at 2023-12-31 | 2,450,974,851 shares | dei:EntityCommonStockSharesOutstanding |

## Sections

Sections are extracted only from 10-K and 10-Q reports. Read this filing’s documents on sec.gov. https://www.sec.gov/Archives/edgar/data/1962746/000110465924050028/lot-20231231x20f.htm

Filed Apr 22, 2024.
Source: SEC EDGAR, the filing index for accession 0001104659-24-050028. Last ingested by Listed: Nov 2, 2026, 20:19 ET. No prices; not investment advice.