Gasgoo Munich- On August 27, Lotus Group released unaudited financial results for the first half ending June 30, 2026. Global deliveries climbed 39% year-on-year to 3,904 units, driving total revenue up 23% to $268 million (approximately 1.806 billion yuan). Gross margin improved to 10% from 8% a year earlier, while the net loss narrowed by 52% to $151 million (about 1.017 billion yuan). Operating losses also contracted, shrinking by 63%.
Image Source: Lotus Cars
Regional performance diverged sharply. Deliveries in China jumped 60% to 2,248 units, boosting the market's share from 50% to 58%. The Americas followed with 45% growth, and other regions surged 164%. Europe, however, saw deliveries slide roughly 17%.
Growth was anchored by the new plug-in hybrid model, the For Me. SUV and sedan deliveries surged 57% to 3,008 units, accounting for 77% of the total. On a conference call, Lotus Group CEO Feng Qingfeng noted that the For Me has racked up 2,200 orders in China, with over 1,800 delivered; notably, 63% of buyers are first-time Lotus customers.
On the corporate structure front, the group finalized its 100% acquisition of Lotus UK on August 21. Feng Qingfeng said the first-half performance confirms the steady progress of the "Focus 2030" transformation strategy. Lotus aims to steadily lift annual sales to 30,000 units by 2030 and secure sustainable profitability.
