Lotus Technology Inc (NAS:LOT)

Q4 2024 Lotus Technology Inc Earnings Call Transcript

Apr 22, 2025 / 12:00PM GMT

Release Date Price: $1.29 (+0.78%)

Transcript

Key Points

Positve

Lotus Technology Inc (LOT) delivered over 12,000 vehicles in 2024, marking a 70% year-on-year increase.
The company achieved a 36% year-on-year revenue increase to USD 924 million for the full year.
Lotus Technology Inc (LOT) has reduced operational expenses for five consecutive quarters.
The company expanded its market presence, with Europe seeing a 180% increase in deliveries, contributing nearly 40% of total deliveries.
Lotus Technology Inc (LOT) launched a revolutionary concept car made with sustainable materials, highlighting its commitment to sustainability.

Negative

Fourth-quarter revenue decreased by 12% year-on-year to USD 272 million.
The gross profit margin was negative 11% for the fourth quarter and only 3% for the full year.
Lotus Technology Inc (LOT) reported an operating loss of USD 786 million for the year and USD 189 million for the fourth quarter.
The company faces challenges due to high tariffs in the US, affecting its lifestyle vehicle exports.
Lotus Technology Inc (LOT) has a high debt-to-asset ratio, raising concerns about financial stability.

Operator

Thank you for standing by and welcome to the Lotus Technology Inc fourth quarter and full year 2024 earnings conference call. (Operator Instructions)

I would now like to hand the conference over to Ms. Demi Zhang, Head of IR. Please go ahead.

Demi Zhang

Lotus Technology Inc - Head of Investor Relations

Thank you, Darcy. Good morning, good afternoon and good evening, everyone. Thank you for joining Lotus Tech fourth quarter and the full year 2024, our next call. This is Demi Zhang, the Head of IR, Lotus Tech.

I'm very honoured to introduce company management with us today, CEO, Qingfeng Feng and the CFO, Daxue Wang. On today's call, we'll start with preparing remarks from CFO and the CEO first and then kick off the Q&A session.

Before we continue, please be reminded that today's discussion will contain forward-looking statements pursuant to the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1,995 and Forward-looking statements involving current risks and uncertainties. As such, the company's actual

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.