Question · Q3 2025
Dan Lin from CICC inquired about Lotus Technology's gross margin guidance for the current year and the upcoming year.
Answer
CFO Daxue Wang projected a high single-digit gross margin for the full year, expecting further improvement next year. This improvement is attributed to the launch of PHEV products reducing per-unit costs, increased sales penetration of BEV facelifted products, and enhanced efficiency from the Lotus UK put option integration, including consolidated manufacturing gross profit and supply chain/R&D economies of scale.
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