# Lotus Technology Inc.: Form 20-F for the period ended Dec 31, 2024

- Company: [Lotus Technology Inc.](/companies/lot.md) (CIK 1962746)
- Form: 20-F
- Filed: 2025-04-30
- Accepted by EDGAR: Apr 30, 2025, 06:24 ET
- Period: 2024-12-31
- Accession: 0001410578-25-001020
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/1962746/000141057825001020/lot-20241231x20f.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/1962746/000141057825001020/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2024-12-31.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 12 months, 2024-01-01 to 2024-12-31 | $924.3m | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Cost of revenue | 12 months, 2024-01-01 to 2024-12-31 | $894.7m | us-gaap:CostOfRevenue |
| Gross profit | 12 months, 2024-01-01 to 2024-12-31 | $29.6m | us-gaap:GrossProfit |
| Research and development | 12 months, 2024-01-01 to 2024-12-31 | $274.8m | us-gaap:ResearchAndDevelopmentExpense |
| Operating income | 12 months, 2024-01-01 to 2024-12-31 | −$786.3m | us-gaap:OperatingIncomeLoss |
| Interest expense | 12 months, 2024-01-01 to 2024-12-31 | $58.2m | us-gaap:InterestExpense |
| Income tax | 12 months, 2024-01-01 to 2024-12-31 | $2.0m | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 12 months, 2024-01-01 to 2024-12-31 | −$1.10bn | us-gaap:NetIncomeLoss |
| Diluted EPS | 12 months, 2024-01-01 to 2024-12-31 | −$1.72 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 12 months, 2024-01-01 to 2024-12-31 | −$1.72 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 12 months, 2024-01-01 to 2024-12-31 | 645,227,356 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 12 months, 2024-01-01 to 2024-12-31 | −$848.5m | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 12 months, 2024-01-01 to 2024-12-31 | $57.3m | us-gaap:PaymentsToAcquireProductiveAssets |
| Cash and equivalents | at 2024-12-31 | $103.1m | us-gaap:CashAndCashEquivalentsAtCarryingValue |
| Current assets | at 2024-12-31 | $1.04bn | us-gaap:AssetsCurrent |
| Total assets | at 2024-12-31 | $2.29bn | us-gaap:Assets |
| Current liabilities | at 2024-12-31 | $2.47bn | us-gaap:LiabilitiesCurrent |
| Total liabilities | at 2024-12-31 | $3.15bn | us-gaap:Liabilities |
| Long-term debt | at 2024-12-31 | $103.0m | us-gaap:LongTermDebtNoncurrent |
| Short-term borrowings | at 2024-12-31 | $802.5m | us-gaap:ShortTermBorrowings |
| Shareholders' equity | at 2024-12-31 | −$852.9m | us-gaap:StockholdersEquity |
| Shares outstanding | at 2024-12-31 | 678,244,338 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/1962746/000141057825001020/lot-20241231x20f.htm

Filed Apr 30, 2025.
Source: SEC EDGAR, the filing index for accession 0001410578-25-001020. Last ingested by Listed: Nov 2, 2026, 20:19 ET. No prices; not investment advice.