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Major equity maneuver! Acquired 51% of Lotus Technology in the United Kingdom, Lotus Technology plans to turn a profit by 2026.
On April 16, Lotus Technology announced that it would acquire a 51% stake in Lotus United Kingdom, with the completion expected in 2025. In the view of Lotus Technology's senior management, achieving direct control over Lotus United Kingdom will make the company's governance more efficient. Feng Qingfeng stated that Lotus aims to achieve positive operating cash flow and EBITDA (earnings before interest, taxes, depreciation, and amortization) by 2026.
Lotus Technology (LOT.US) will release its Earnings Reports before the market opens on April 22.
$Lotus Technology (LOT.US)$ will release its Earnings Reports before the market opens on April 22, and investors are encouraged to pay attention. How did it perform previously? $Lotus Technology (LOT.US)$ Revenue for Q3 2024 was $0.255 billion, with a Net income of -$-0.206 billion and an EPS of -$0.30. Revenue for Q4 2023 was $0.361 billion, with a Net income of -$-0.224 billion and an EPS of -$0.346. Futubull reminds: 1. There are no strict rules for the fiscal year division of Hong Kong and US listed companies; it is entirely decided by the companies themselves, so each reporting period can serve as the company's annual.
6-K: Report of foreign private issuer (related to financial reporting)
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Lotus Technology to Acquire 51% Equity Interest In Lotus UK and Integrate All Business Under Lotus Brand
Lotus Technology Acquisition Expected to Complete in 2025 >LOT
