Lotus Technology (LOT) has released an update.
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Lotus Technology has delivered a record-breaking performance in the first half of 2024, with a 239% increase in deliveries year-on-year and significant expansion in the US market. The company’s financial results showed a substantial 206% increase in revenue to $398 million, although net losses also grew. Lotus Tech has adjusted its annual targets due to market uncertainties and launched the ‘Win26’ plan to achieve positive EBITDA by 2026.
For further insights into LOT stock, check out TipRanks’ Stock Analysis page.
