Operational and financial results demonstrate early progress of Focus 2030 strategy. Successful launch of the first PHEV model contributed to 39% YoY growth in deliveries to 3,904 vehicles. Total revenues of $268 million, up 23% YoY, driven by strong momentum in the China market. Gross margin expanded to 10%, supported by an optimized product mix. Operating loss narrowed by 63% YoY, driven by cost discipline, improving operating leverage, and a one-off license fee refund. Lotus Tech has completed the acquisition of 100% equity interest of Lotus UK, integrating all businesses and operations under One Lotus. Continued shareholder support with $128 million in funding. NEW YORK, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today announced its unaudited financial results for the half year ended June 30, 2026. Operating Highlights of the First Half of 2026 In the first half of 2026, the Company recorded total deliveries1 of 3,904 units, up 39% YoY, outperforming the referenced traditional premium and luxury peers2. Growth was driven by the successful launch of the new PHEV model, Eletre X, which resonated strongly with customers and expanded the brand’s reach into new segments. The introduction of Eletre X has accelerated the Company’s product mix transition, with contribution of lifestyle vehicles to total deliveries increasing to 77%, while maintaining stable performance in its sports car segment. Eletre X has been delivered in China and six international markets. Deliveries in mainland Europe are expected to commence in the fourth quarter of 2026, followed by the UK in mid-2027. Regionally, China experienced strong growth in total deliveries with an increase of 60% YoY, outpacing the premium passenger automotive segment3 amid an increasingly competitive landscape. Financial results improved during the period. Total revenues were $268 million, an increase of 23% YoY. Gross profit improved to $26 million, with gross margin expanding to 10%, driven by an optimized product mix. Operating loss narrowed by 63% YoY, reflecting disciplined financial management, improving operating leverage, and a one-off refund of the license fee in connection with adjustments to the product pipeline4. On August 21, the Company completed the previously announced acquisition of Lotus UK. The integration brings together British sports car expertise and advanced technology development, and is expected to create a unique position within the luxury automotive sector, with a unified brand, streamlined governance, and enhanced synergies. The achievements underscore the early success of the Company’s Focus 2030 strategy, which is centered on brand reinforcement, multi-powertrain strategy, close partner collaboration, and financial discipline. The strong market reception of Eletre X validates the Company’s multi-powertrain strategy, while margin expansion and a significantly narrowed operating loss reflect continued financial discipline. The integration resulting from the Lotus UK acquisition is expected to further strengthen brand management and operational efficiency. The Company also continues to benefit from the strong support from its major shareholders and strategic partners. During the first half of 2026, it secured $128 million in funding from Geely, reinforcing confidence in its long-term strategy and providing a foundation for continued growth. Deliveries1 by Model Type       Half Year 2026Half Year 2025% Change (YoY)  Lifestyle SUV and Sedan3,0081,92257%  Sports Cars8968911%  Total3,9042,81339%  Deliveries1 by Region  Half Year 2026 Half Year 2025    UnitsRegion %UnitsRegion %  China2,24858%1,40350%  Europe71618%85831%  Americas563116%43515%  Rest of the World3098%1174%  Total3,904100%2,813100%  Financial Highlights of the First Half of 2026 Total revenues were $268 million, up 23% YoY. Gross margin was 10%, versus 8% for the first half of 2025. Operating loss was $97 million, narrowed by 63% YoY. Net loss was $151 million, narrowed by 52% YoY. Adjusted EBITDA (non-GAAP) was a loss of $104 million, narrowed by 57% YoY. Key Financial Results The table below summarizes key preliminary financial results for the six months ended June 30, 2026. (in millions of U.S. dollars, unaudited)   Half Year 2026Half Year 2025% Change (YoY)  Revenues26821823%  Cost of revenues(242)(200)21%  Gross profit261847%  Gross margin (%)10%8%  Operating loss(97)(263)(63%)  Net loss(151)(313)(52%)  Adjusted net loss(A)(149)(311)(52%)  Adjusted EBITDA(A)(104)(240)(57%)  (A) Non-GAAP measure. See “Non-GAAP Financial Measures” and “Appendix C – Unaudited Reconciliation of GAAP and Non-GAAP Results (Adjusted net loss/Adjusted EBITDA)” for details and a reconciliation of adjusted metrics to the nearest GAAP measure. Recent Developments Eletre Launched in Canada: On April 23, Eletre EVs debuted in the Canadian market, making them the first Chinese-built luxury EVs available for purchase in Canada and making another milestone in the Company’s international expansion strategy. Emira 420 Sport: In May, Lotus introduced the Emira 420 Sport, further strengthening its sports car portfolio and reinforcing the brand’s commitment to preserving its track-bred DNA. Type 135 Supercar for 2028: Lotus has officially announced the development of a new mid-engine V8 hybrid supercar, internally codenamed Type 135, scheduled for release in 2028, underscoring its long-term commitment to high-performance vehicles. Eletre X Orders Open in Mainland Europe: On June 3, Eletre X became available to order in mainland Europe, representing an important step in the international rollout of the Company’s first PHEV model. Customer deliveries are expected to commence in the fourth quarter of 2026. 2025 Sustainability Report: On June 18, Lotus released its 2025 Sustainability Report, highlighting continued progress in embedding sustainability across its global operations. Emira Scura Limited Edition Launched: On July 26, Lotus launched the Emira Scura Limited Edition in China. Arriving 17 years after the Exige Scura, the Emira Scura pays homage to that model with a similarly striking design and is limited to just 9 units in China and 60 units in North America. Emeya Sets New Electric Vehicle Lap Record: On July 20, Lotus Emeya set a new record at Malaysia’s renowned Sepang International Circuit, reinforcing the brand’s performance credentials. Strategic Collaboration: On July 28, the Company announced a strategic collaboration with Finloop Finance Technology, an AI-driven global one-stop Web5 (Web2+Web3) wealth technology platform, and FOMO Pay, a leading Singapore-headquartered payment institution, to explore digital asset and real-world asset (RWA) tokenization in the luxury mobility sector. CEO and CFO Comments Mr. Qingfeng Feng, Chief Executive Officer, commented: “Our first-half performance demonstrates clear progress in executing our transformational Focus 2030 strategy. The strong demand for our new PHEV validates our multi-powertrain approach and expands our addressable market. We are encouraged by the improvement in both scale and operating performance, and remain focused on delivering sustainable, long-term value. Looking ahead, we remain fully committed to our Focus 2030 strategy, building on the momentum of our multi-powertrain approach, expanding internationally and further enhancing operating efficiency, while continuing to strengthen Lotus’ track-bred DNA through vehicles such as the Emira 420 Sport and the upcoming V8 hybrid sports car, Type 135.” Dr. Daxue Wang, Chief Financial Officer, commented: “We are seeing tangible results from our disciplined financial management and improving operating leverage. Margin expansion and significant reduction in operating loss highlight the effectiveness of our product strategy and cost control. With continued support from our shareholders, we are well positioned to further strengthen our financial performance in the coming periods.” Conference Call Lotus Tech management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Thursday, August 27, 2026 (14:00 Central European Time / 20:00 China Standard Time on the same day). There will be a live audio webcast and limited-time replay available on the Company’s investor relations website at https://ir.group-lotus.com/news-events/events/ Participants who wish to view the live webcast may register at https://edge.media-server.com/mmc/p/fna84dsa Participants who wish to join the conference call, please complete online registration prior to the scheduled call start time using the link provided below. Upon registration, participants will receive a confirmation email with conference call access information, including dial-in numbers and a unique PIN. Participant online registration link: https://register-conf.media-server.com/register/BIb14ba874347b4170a033130cedc8bcac Note 1: Including commissioned deliveries in the U.S. market. Note 2: Based on publicly disclosed information of Ferrari, Lamborghini, Aston Martin, Rolls-Royce, Porsche, BMW, Mercedes-Benz, Audi, and Volvo. Note 3: Based on market data of retail sales volume in the first half of 2026 in mainland China. Premium auto segment refers to passenger vehicles priced over RMB 400,000. Note 4: Excluding the one‑off license fee refund, the operating loss in the first half of 2026 was $195 million, narrowed by 26% YoY. Note 5: Americas includes the U.S., Canada and South America. About Lotus Technology Inc. Lotus Technology Inc. has operations across the UK, the EU, the US and China. The Company is dedicated to delivering high-performance sports cars and luxury lifestyle electric vehicles under Lotus Brand, a global performance brand built on solid foundations and a rich heritage, with a focus on world-class R&D in next-generation automobility technologies and designs to meet its uncompromising vision of how a car should look, perform and feel. For more information about Lotus Technology Inc., please visit www.group-lotus.com. Non-GAAP Financial Measures The Company uses non-GAAP financial measures, including adjusted net loss and adjusted EBITDA in evaluating its operating results and for financial and operational decision-making purposes. Adjusted net loss represents net loss excluding share-based compensation expenses, and such adjustment has no impact on income tax. Lotus Tech defines adjusted EBITDA as net loss excluding interest income, interest expense, income tax expenses, depreciation of property, equipment and software, and share-based compensation expenses. The Company believes that non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. The Company also believes that non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making. Non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. Non-GAAP financial measures have limitations as analytical tools and when assessing the Company’s operating performance, investors should not consider them in isolation, or as a substitute for financial information prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The Company mitigates these limitations by reconciling non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance. For more information on non-GAAP financial measures, please see “Appendix C – Unaudited Reconciliation of GAAP and Non-GAAP Results (Adjusted net loss/Adjusted EBITDA)” set forth at the end of this press release. Forward-Looking Statements This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Tech undertakes no obligation to update any forward-looking statement, except as required under applicable law. Contact Information For investor inquiries ir@group-lotus.com Appendix A Lotus Technology Inc. Unaudited Condensed Consolidated Balance Sheets (All amounts in thousands)  As of   June 30, 2026  December 31, 2025  US$  US$ ASSETS      Current assets      Cash and cash equivalents80,378  73,431  Restricted cash269,593  375,865  Accounts receivable – third parties, net30,584  36,850  Accounts receivable – related parties, net59,734  114,126  Inventories170,371  121,361  Prepayments and other current assets – third parties, net85,925  77,570  Prepayments and other current assets – related parties, net112,784  111,886         Total current assets809,369  911,089         Non-current assets      Restricted cash209,490  100,981  Loan receivable from a related party368,584  351,486  Property, equipment and software, net177,600  226,891  Intangible assets116,372  116,475  Long-term investments58,298  48,004  Operating lease right-of-use assets96,879  118,845  Other non-current assets – third parties66,867  78,408  Other non-current assets – related parties587  569         Total non-current assets1,094,677  1,041,659         Total assets1,904,046  1,952,748  Lotus Technology Inc. Unaudited Condensed Consolidated Balance Sheets (Continued) (All amounts in thousands)  As of   June 30, 2026  December 31, 2025  US$  US$ LIABILITIES AND SHAREHOLDERS' DEFICIT      Current liabilities      Short-term borrowings – third parties402,744  479,419  Short-term borrowings – related parties863,776  784,288  Accounts payable – third parties23,666  55,032  Accounts payable – related parties633,627  458,189  Contract liabilities – third parties26,598  18,459  Operating lease liabilities – third parties9,146  11,598  Accrued expenses and other current liabilities – third parties215,523  251,361  Accrued expenses and other current liabilities – related parties136,886  213,529  Convertible notes - related parties207,075  126,203         Total current liabilities2,519,041  2,398,078         Non‑current liabilities      Contract liabilities – third parties7,578  7,458  Operating lease liabilities – third parties47,653  57,576  Operating lease liabilities – related parties2,219  3,105  Warrant liabilities845  800  Exchangeable notes-  128,852  Convertible notes - third parties61,972  73,226  Convertible notes - related parties-  77,175  Long‑term borrowings204,644  98,254  Deferred income330,334  311,912  Deferred tax liabilities-  698  Other non-current liabilities – third parties58,527  125,004  Other non-current liabilities – related parties-  856         Total non‑current liabilities713,772  884,916         Total liabilities3,232,813  3,282,994  Lotus Technology Inc. Unaudited Condensed Consolidated Balance Sheets (Continued) (All amounts in thousands)  As of  June 30, 2026 December 31, 2025  US$ US$ SHAREHOLDERS’ DEFICIT    Ordinary shares7  7  Treasury stock(130,921)  (138,397)  Additional paid-in capital2,118,617  1,933,992  Accumulated other comprehensive income(4,772)  39,818  Accumulated deficit(3,308,860)  (3,157,918)       Total shareholders' deficit attributable to ordinary shareholders(1,325,929)  (1,322,498)  Noncontrolling interests(2,838)  (7,748)  Total shareholders' deficit(1,328,767)  (1,330,246)       Total liabilities and shareholders' deficit1,904,046  1,952,748  Appendix B Lotus Technology Inc. Unaudited Condensed Consolidated Statements of Comprehensive Loss (All amounts in thousands, except for share and per share data)  For the Six Months Ended June 30,  2026   2025    US$ US$ Revenues:    Sales of goods263,256  197,485  Service revenues4,843  20,841  Total revenues268,099  218,326  Cost of revenues:    Cost of goods sold(238,119)  (184,885)  Cost of services(3,688)  (15,575)  Total cost of revenues(241,807)  (200,460)  Gross profit26,292  17,866  Operating expenses:    Research and development credit (expenses)1,565  (92,305)  Selling and marketing expenses(82,932)  (78,995)  General and administrative expenses(46,176)  (63,356)  Other operating income3,839  4,866  Impairment of long-lived assets-  (51,504)  Total operating expenses(123,704)  (281,294)  Operating loss(97,412)  (263,428)  Interest expenses(34,300)  (33,641)  Interest income15,202  13,157  Investment (loss) income, net(453)  9,400  Foreign currency exchange (losses) gains, net(21,817)  40,525  Changes in fair values of liabilities, excluding impact of instrument-specific credit risk(9,948)  (68,084)  Loss before income taxes and share of results of equity method investments(148,728)  (302,071)  Income tax credit (expense)664  (15,043)  Share of results of equity method investments(2,878)  4,074  Net loss(150,942)  (313,040)  Less: Net loss attributable to noncontrolling interests-  (2)  Net loss attributable to ordinary shareholders(150,942)  (313,038)  Loss per ordinary share    —Basic and diluted(0.23)  (0.47)  Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share    —Basic and diluted645,541,822  659,335,966  Lotus Technology Inc. Unaudited Condensed Consolidated Statements of Comprehensive Loss (Continued) (All amounts in thousands, except for share and per share data)  For the Six Months Ended June 30,  2026   2025    US$ US$ Net loss(150,942)  (313,040)       Other comprehensive (loss) income:    Fair value changes of liabilities due to instrument-specific credit risk, net of nil income taxes13,664  16,427  Foreign currency translation adjustment, net of nil income taxes(45,552)  (6,332)       Total other comprehensive (loss) income(31,888)  10,095       Total comprehensive loss(182,830)  (302,945)  Less: Total comprehensive loss attributable to noncontrolling interests-  (2)  Total comprehensive loss attributable to ordinary shareholders(182,830)  (302,943)  Appendix D Lotus Technology Inc. Unaudited Reconciliation of GAAP and Non-GAAP Results (Adjusted net loss/Adjusted EBITDA) (All amounts in thousands)  For the Six Months Ended June 30,  2026   2025    US$ US$ Net loss(150,942)  (313,040)  Share-based compensation expenses 1,635  2,215  Adjusted net loss(149,307)  (310,825)  Net loss(150,942)  (313,040)  Interest expenses 34,300  33,641  Interest income (15,202)  (13,157)  Income tax (credit) expense(664)  15,043  Share-based compensation expenses 1,635  2,215  Depreciation 26,920  35,652  Adjusted EBITDA(103,953)  (239,646)

Lotus Tech completed the acquisition of 100% equity interest in Lotus UK following the exercises of put options by Geely and Etika. Lotus becomes one integrated global business under One Lotus with legendary British heritage and next-generation electrified mobility technologies. The integration is expected to unify the brand globally, accelerate collaboration, streamline governance and support long-term growth. NEW YORK, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today announced that it completed the acquisition of 100% of the equity interests in Lotus Advance Technologies Sdn Bhd (“Lotus UK”) on August 21, 2026. Based in Hethel, Norfolk, Lotus UK sits at the heart of Lotus’ 78 years of heritage and continued capability in design, racing and engineering. Lotus UK is home to the manufacturing operations for Lotus’ sports cars, as well as to Lotus Engineering, a world‑renowned automotive engineering consultancy providing advanced engineering and technical services to OEMs and Tier 1 suppliers globally, with decades‑long expertise in lightweight structures, aerodynamics and chassis dynamics. The transaction brings Lotus' iconic British sportscar engineering, manufacturing capabilities and next-generation intelligent vehicle technologies together under a single corporate structure, marking a significant milestone in Lotus' evolution under Focus 2030 strategy. The integration of Lotus UK and Lotus Tech will unify the brand, streamline governance, enhance operational synergies and accelerate engineering and technology integration for next-generation performance vehicles. The unified group is expected to unlock value across R&D, supply chain, manufacturing and global sales channels, building a unique competitive advantage at the intersection of British performance engineering heritage and next‑generation electrified mobility, and delivering sustainable long‑term value for customers and shareholders. Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech, said: “Lotus is one brand and one strategy, and from today it is one business. Everything that makes Lotus a Lotus - the engineering, the obsession, the discipline - now sits in a single organization. It unifies the brand, increasing our global competitiveness and accelerating product development and go-to-market speed. This is an important step in advancing our Focus 2030 strategy and embarking on the next chapter of Lotus’ global revitalization.” Lotus has shaped automotive culture for 78 years and will continue to redefine the limits of performance in racing and build engaging road cars globally, combining design and engineering rooted in the UK with the broader technologies and industrial capabilities of the Geely ecosystem. About Lotus Technology Inc. Lotus Technology Inc. has operations across the UK, the EU, the US and China. The Company is dedicated to delivering high-performance sports cars and luxury lifestyle electric vehicles under Lotus Brand, a global performance brand built on solid foundations and a rich heritage, with a focus on world-class R&D in next-generation automobility technologies and designs to meet its uncompromising vision of how a car should look, perform and feel. For more information about Lotus Technology Inc., please visit www.group-lotus.com. Forward-Looking Statements This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Technology Inc. undertakes no obligation to update any forward-looking statement, except as required under applicable law. Contact Information For investor inquiries: ir@group-lotus.com

NEW YORK, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today announced that it will report its unaudited financial results for the first half of 2026 on Thursday, August 27, 2026, before market opening in the United States. The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Thursday, August 27, 2026, (14:00 Central European Time / 20:00 China Standard Time on the same day). There will be a live audio webcast and a limited-time replay available on the Company’s investor relations website at https://ir.group-lotus.com/news-events/events. Participants who wish to view the live webcast may register at https://edge.media-server.com/mmc/p/fna84dsa. Participants who wish to join the conference call, please complete online registration prior to the scheduled call start time using the link provided below. Upon registration, participants will receive a confirmation email with conference call access information, including dial-in numbers and a unique PIN. Participant online registration link: https://register-conf.media-server.com/register/BIb14ba874347b4170a033130cedc8bcac. About Lotus Technology Inc. Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalization and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com. Forward-Looking Statements This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Technology Inc. undertakes no obligation to update any forward-looking statement, except as required under applicable law. Contact Information For investor inquiries ir@group-lotus.com

Lotus Tech released its third-party assured 2025 Sustainability Report aligned with international standards.  The Company strengthened governance structure, obtained global information security certifications and maintained strict anti-corruption compliance.  The Company expanded electrified luxury vehicle lineup with eco-materials and recorded zero recalls.  The Company boosted green manufacturing and renewable energy use while advancing sustainable supply chain practices. NEW YORK, June 18, 2026 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today released its 2025 Sustainability Report, highlighting continued progress in embedding sustainability across its global operations. The report has been independently verified by a third-party assurance agency in accordance with international standards. “Looking ahead, we will continue to take a long-term view, prioritizing both innovation-driven growth and sustainable development,” said Dr. Daxue Wang, Chairman of the ESG Committee at Lotus Tech. “We are focused on optimizing our products and services, strengthening our ESG performance and governance, and maintaining our leadership in the global high-end intelligent mobility sector. Through this approach, we aim to create long-term value for shareholders, deliver exceptional experiences to users, and contribute positively to society.” Key Highlights from the 2025 Sustainability Report: Strengthened Governance and Ethical Compliance: The Company enhanced its governance architecture, further embedding compliance and ethical standards across its operations. Lotus Tech achieved international certifications in information security and privacy protection, while upholding rigorous anti-corruption and fair competition practices globally. Sustainable Product Innovation and Quality Leadership: Lotus Tech expanded its intelligent luxury product portfolio with advanced electrified and hybrid solutions, integrating eco-friendly materials and cutting-edge safety technologies. The Company maintained its industry-leading quality standards throughout the reporting period, with no recall events for its lifestyle electric vehicle models. Green Operations and Value Chain Collaboration: Lotus Tech advanced its climate strategy through green manufacturing practices, increased use of renewable energy, and nature-positive initiatives. The Company also strengthened supply chain sustainability efforts while actively supporting employee well-being and community engagement. To read the full Lotus Tech 2025 Sustainability Report, please visit www.group-lotus.com/esg. About Lotus Technology Inc. Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalization and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com. Forward-Looking Statements This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Technology Inc. undertakes no obligation to update any forward-looking statement, except as required under applicable law. Contact Information For investor inquiries ir@group-lotus.com

Eletre X is built for drivers who refuse to compromise - delivering ultimate performance, 1,200+ km of range, and 9-minute charging in a practical hybrid SUV.1 Available to order today, starting from €96,990. Supercar levels of performance in a practical SUV with a 900V architecture and up to 952 PS and 935 Nm of torque. No more range anxiety with EV-only range of up to 350 km; comprehensive range exceeding 1200 km (WLTP), without refuelling or charging. Ultra-fast charging with 70 kWh battery charging from 20–80% in just 9 minutes with 350 kW DC charger, making it one of the fastest charging electrified vehicles to come to market. Consistent performance in all driving conditions with 0-100 km/h in 3.3 seconds, and 0-100km/h acceleration in 3.5 seconds, even at 10% state of charge. Engineered with Lotus DNA and up to 120kg lighter than its fully electric counterpart, Eletre 900. X-Hybrid is the first of its kind of technology to come to market in Europe. Deliveries expected to commence in Q4 2026. NEW YORK, June 02, 2026 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today introduced Eletre X (known as For Me in China), the first vehicle built on the brand’s proprietary X-Hybrid architecture. The car is available to order now in mainland Europe2, starting from €96,990, and customer deliveries are expected from Q4 2026. Eletre X joins the Eletre range in delivering everything customers expect from a Lotus - dynamic, refined performance and deeply engaging driving - without asking them to compromise on range, practicality or long-distance capability. X-Hybrid is Lotus’ new proprietary technology, blending battery electric vehicle (BEV) performance with internal combustion engine (ICE) support to deliver long-range flexibility and practicality; alongside sustained high performance and Lotus' trademark driver engagement. It plays a key role in Lotus’ Focus 2030 strategy, as part of its multi-power train approach built around the customer. Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech, said, “Eletre X is proof of how cutting-edge technology can serve the driver, a value which is at the heart of the Lotus brand. We feel that we have created something which not only pushes the boundaries of what is possible from a technical standpoint but, in doing so, enriches their emotional and practical driving experience.” X-Hybrid – a new architecture. Electric first performance, with extended range capabilities X-Hybrid is a technology like no other. At its core is a 11C high-discharge battery system supported with a 150kW onboard generator. Eletre X’s onboard generator, powered by a 2.0 litre Turbo engine, continuously replenishes available energy during driving. This delivers uninterrupted performance across extended journeys and demanding operating conditions, unlike most hybrid systems that rely on energy recovery alone. The engine operates primarily as part of an intelligent onboard power generation system, replenishing available energy during longer journeys and sustained high-load driving. That same system intelligently adapts energy deployment depending on speed, battery state of charge and driver demand, operating across multiple drive scenarios, balancing pure EV driving, onboard power generation and hybrid assistance to optimise performance, efficiency and real-world usability. All of this, combined with a 900V architecture and a 52-litre fuel tank, results in a target combined WLTP range of more than 1,200 km and up to 350 km on electric power alone – delivering consistent performance, efficiency and long-term reliability. This means drivers never need to touch the engine for most daily driving, or rethink longer journeys around charging infrastructure. Eletre X is one of the fastest charging electrified vehicles to come to market and supports 20–80% charging in approximately 9 minutes on a 350 kW DC charger – the time it takes to grab a coffee. Uninterrupted performance, no matter the environment Eletre X is designed to deliver supercar performance, whilst ensuring the safety, efficiency and practicality of an SUV with: 952 PS and 935 Nm through dual permanent magnet motors – ensuring the car responds instantly, and feeling feels smooth and effortless. Covers 0–100 km/h in 3.3 seconds, and 80–160 km/h in 3.88 seconds – delivering reliable performance in everyday driving conditions. As part of Lotus’ relentless pursuit of performance, Eletre X is designed to deliver repeatable, dependable capability across real world conditions. Even at approximately 20% battery charge, around 550-kW of output remains available. From Nordic-winter readiness to Alpine descents, or a sustained Autobahn cruise, the battery management system ensures immediate readiness. A true Lotus chassis, engineered for precision and control With nearly 80 years of performance engineering to draw on, Eletre X applies the Lotus DNA throughout its chassis and aerodynamic systems, developed to deliver the world-class dynamics, handling and driver feel that customers expect from Lotus. The vehicle’s body structure uses Lotus’ porosity philosophy — intelligently directing airflow through as well as around the vehicle to balance cooling, stability and drag. Active aerodynamic systems help to amplify efficiency with the active grille shutter and improve stability with an active rear spoiler capable of generating up to 120kg of downforce under braking. Eletre X combines its new powertrain architecture with a series of advanced chassis technologies developed to preserve precision, composure and body control, despite full-size SUV proportions. This includes: 48V active anti-roll control, delivering up to 1,400 Nm of roll-stabilising torque Dual-chamber air suspension Dual-valve adaptive dampers capable of responding in as little as 2 milliseconds to changing road and load conditions Front double-wishbone suspension Active torque management systems Custom-developed Pirelli P Zero 5 LTS tyres for wet adhesion and sustained high-speed stability Brembo six-piston brakes support strong stopping performance and thermal recovery during repeated high-load use. All of this has been done to ensure Eletre X responds and handles like a Lotus – it is designed to feel much smaller and lighter than consumers would expect from a traditional SUV. Lotus' commitment to obsessive engineering and lightweight principles has also cancelled out the weight of its new technologies through savings across the body frame, electric drive system and battery base plate, leaving Eletre X H550 up to 120kg lighter than the Eletre 900. Refined inside and out for the ultimate driving experience Every touchpoint inside the cabin has been designed to simplify and enhance how the car should feel and perform. Slim digital displays and a driver-focused Lotus Hyper OS infotainment system. Analogue controls for primary functions keep the driver physically connected to the car. A head-up display to ensure attention stays where it belongs. Additional features unique to Lotus include: A 23-speaker KEF audio system which uses Uni-Q technology, positioning high-frequency and mid-range drivers on the same acoustic axis – making every journey feel extraordinary and envelops the driver in it. Thirty perception sensors and NVIDIA Thor computing architecture work quietly in the background, building confidence on every journey without ever intruding on the experience. Interior materials include carbon fibre, Alcantara and Wyron Truecycled - a pioneering upcycled textile, introduced as part of Lotus’ commitment to sustainability without compromise on quality or character. Pricing3 and availability Eletre X is competitively priced in the super SUV segment, and will be available in two variants: Eletre X H550, the entry point, starting at €96,990 Eletre X H1000, the flagship, starting at €119,990 Available to order now in mainland Europe, with customer deliveries expected to commence from Q4 2026. UK customer deliveries are expected to commence in summer 2027 and is subject to right hand drive homologation. Note 1: All specifications outlined in this press release is the target data and not final. It may vary – subject to European homologation. Some model features, optional extras and colours shown may not be available, or may only be available in a certain specification. The specified fuel consumption and emission data are determined based on the measurement procedures prescribed by law. Note 2: Lotus’ key markets in mainland Europe include Germany, Belgium, Netherlands, Spain, Italy, France, Austria, Luxembourg, Norway, Sweden. Note 3: All pricing is dependent on chosen model and excludes options, specifications, taxes and delivery charges and Lotus reserves the right to revise its prices in the future due to, but not limited to, availability of materials, delivery costs, inflation and changes in (local) taxes. About Lotus Technology Inc. Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalization and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com. Forward-Looking Statements This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Technology Inc. undertakes no obligation to update any forward-looking statement, except as required under applicable law. Contact Information For investor inquiries ir@group-lotus.com

A pure expression of the Lotus DNA, with every advancement made in the pursuit of performance: carbon fibre, titanium exhaust, lithium-ion battery, two-way adjustable Multimatic dampers and high-performance tyres. 25kg lighter and 25kg more downforce than the Emira Turbo, with the Lightweight Handling Pack, and delivering 420PS, 500Nm and 0–62mph in 3.9 seconds. Removable roof panel introduced for the first time on the Emira, available across the full range. Emira 420 Sport is available for order now, with customer deliveries expected from August 2026. NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, today announced that Lotus introduces the Emira 420 Sport - the most powerful, lightest and most aerodynamically capable Emira ever built. The Emira 420 Sport sits at the apex of the Emira line-up and has been designed specifically to deliver even more performance both on road, and on track. It reinforces Lotus commitment to preserving its DNA by delivering greater agility, response and driver engagement. Emira 420 Sport produces 420PS from a 2.0-litre turbocharged four-cylinder engine, accelerates from 0–62mph in 3.9 seconds and reaches a top speed of 186mph. With the optional Lightweight Handling Pack, the Emira 420 Sport is 25kg lighter than the Emira Turbo and generates 25kg of additional downforce. A series of aerodynamic revisions improve cooling and track performance without increasing drag. Lotus is also introducing a removable tinted glass roof panel for the Emira, available now across the full model range. Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech, said, “Emira 420 Sport is proof of our commitment to Focus 2030, and we’re listening to our customers. This is what obsessive engineering looks like. We've built on everything Emira has achieved to date to deliver a car that is even more connected, more intuitive, and more rewarding to drive. It is a car for the drivers.” More performance, reduced weight The 2.0-litre turbocharged engine produces 420PS and 500Nm of torque, paired with an eight-speed dual-clutch transmission for faster acceleration and more immediate in-gear response. The Lightweight Handling Pack delivers improved agility and responsiveness, and includes two-way adjustable Multimatic dampers, a titanium exhaust, a lithium-ion battery, carbon fibre components and a dedicated Lotus Track Performance app to measure and record your lap times. Upgraded aerodynamic and cooling Exterior updates include a new front splitter, revised front vents, extended side sills, larger air intakes, a lip spoiler and a louvred tailgate. These changes result in airflow to the outboard radiators increasing by 15%, to the central radiator by 14%, and brake cooling improving by 10%, as well as exhaust valve airflow increasing by 30%. With these upgrades, drivers are able to experience more consistent performance in demanding conditions, particularly on track. The updates also subtly reference Lotus’ design heritage, echoing cues seen on cars such as the Esprit Turbo. Chassis and driver focus engagement The Emira 420 Sport builds on Lotus’ reputation for steering precision and chassis balance. A 5mm lower ride height, combined with revised suspension settings and high-performance tyres, enhances control and feedback. The bonded aluminium chassis and double wishbone suspension deliver the blend of ride comfort and handling precision that defines the Emira, while electro-hydraulic power steering provides detailed feedback to the driver. Inside, the cabin is designed to support both road and track driving, with 12-way adjustable seats, a driver-focused layout and intuitive controls. New carbon fibre gearshift paddles combine with updated haptics for added responsiveness and engagement. Gavin Kershaw, Director of Attributes of Lotus, said, “Emira is globally renowned for its ride and handling – it has been tuned to absorb, settle and communicate, working in harmony with a steering system that remains pure. With the 420 Sport, we've taken that foundation and pushed it further. Adjustable dampers, increased downforce, sharper responses, reduced roll - every detail obsessively engineered to put the driver more in control.” Enhanced personalisation The Emira 420 Sport is now available with an optional exterior carbon fibre pack. This includes the front splitter, side sills, wheel arch vents, side pods, rear spoiler and diffuser surround. Drivers now have a choice of nine-wheel designs and finishes including a new 20-inch 15-spoke forged alloy wheels finished in satin dark grey. The colour palette is vibrant and extensive, with 16 choices to select from. Unique to the Emira 420 Sport is Tangelo Orange, a vivid and expressive colour that continues a long tradition of Lotus Orange paints. Two new optional packs for the Emira 420 Sport cabin are available: The Carbon Fibre Pack changes the driver display surround with unique geometry; the centre spoke on the steering wheel and the logo surround in the seat back. A Hand Painted Pack uses the Tangelo Orange launch colour to add highlights throughout the cabin, including the centre console, steering wheel spoke, gear lever inner and air vent surrounds. Exhilarating open-air driving from Lotus A removable tinted glass roof panel is available for the first time on the Emira. Inspired by the Esprit, the panel is designed for quick removal and stores behind the seats in a protective bag, allowing drivers to switch easily between coupé and open-top configurations. Lotus’ underlying architecture ensures dynamic performance remains unchanged. The feature is now available across all Emira variants. Pricing and availability Emira 420 Sport is available to order now, with customer deliveries expected from August 2026. CountryMRSPS starting price* Europe€129,900 United Kingdom£105,900 United States$122,900 *Dependent on chosen model and excludes options, specifications, taxes, delivery charges and Lotus reserves the right to revise its prices in the future due to, but not limited to, availability of materials, delivery costs, inflation and changes in (local) taxes. About Lotus Technology Inc.  Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalization and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com. Forward-Looking Statements This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Technology Inc. undertakes no obligation to update any forward-looking statement, except as required under applicable law. Contact Information For investor inquiries ir@group-lotus.com

Focus 2030 targets market competitiveness and sustainable business operations through brand reinforcement and unification, close partner collaboration, financial discipline, and multi-powertrain strategy. New proprietary X-Hybrid performance technology will be the first of its kind to come to market in Europe in Q4 2026, with more than 1,000 orders in China in the first month for Eletre X - showing early momentum. Type 135 confirmed as an all-new hybrid-V8 supercar coming to market in 2028, reaffirming Lotus’ performance DNA. NEW YORK, May 11, 2026 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, today announced Focus 2030 for Lotus, an evolved business strategy designed to underpin its competitiveness and transformation into a more flexible and sustainable business model ensuring market resilience amid external headwinds. Built on four core pillars, including brand reinforcement, a multi-powertrain strategy, close partner collaboration, and financial discipline, the strategy marks a significant reset for the brand. Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech, said, “Lotus was born from the rebellious spirit of Colin Chapman, and that is not lost today. Focus 2030 will reset both the brand and the business, keeping us true to our DNA. We are obsessed with engineering, performance and building drivers' cars, and that is what will grow this business.” Protecting What Makes Lotus, Lotus Focus 2030 puts the Lotus DNA at the heart of every decision. Regardless of product or powertrain, every Lotus has been, and will be, developed against the same set of guiding principles: lightweight design, aerodynamics, obsessive engineering, and driver engagement. Lotus has been instrumental in shaping automotive culture for 78 years - redefining the limits of performance in racing and building the most engaging road cars in the world. This continues under Focus 2030, with design and engineering rooted in the UK, home of the brand’s identity and motorsport expertise, and R&D in China to deliver rapid scale to market. Multi-Powertrain Strategy, Built Around the Customer As regulatory and consumer landscapes continue to evolve globally at different speeds, Lotus will pursue an agile approach across ICE (internal combustion engine), PHEV (hybrid electric vehicle), and BEV (battery electric vehicle), targeting an approximately 60:40 mix between PHEV and BEV volume mix over its electrified portfolio in the interim, and a customer-led transition to full electrification. Hybrid technology will play a central role, serving specific customer needs. First to come is X-Hybrid, a unique blend of ICE and BEV performance expertise that delivers long-range, flexibility, and practicality alongside sustained high performance and Lotus’ trademark driver engagement. Lotus’ proprietary X-Hybrid technology was first launched on Eletre, as Eletre X (known as “For Me” in China). Customer deliveries have started in China, and early vehicle reception has been positive, with more than 1,000 orders placed in the first month alone. Customer deliveries in Europe are expected to begin in Q4 2026, making it the first of its kind to come to market. Reaffirming the brand’s performance DNA, the next development of Lotus’ proprietary hybrid technology will be the unveiling of its first-ever supercar, Type 135 (also known as “Vision X”), planned for delivery in 2028. This will be an all-new car, featuring a V8 hybrid powertrain, with over 1000PS. It is expected to be manufactured in Europe, with further details to be announced later this year. Emira continuity is confirmed, reflecting both Lotus’ commitment to manufacturing in the UK and sustained consumer demand for its combustion-engine sportscars. The company will reveal an update in the coming weeks, designed to be the most powerful and lightest Emira ever built. Lotus’ BEV portfolio, Eletre (SUV), Emeya (GT), and Evija (Hypercar), remains a core pillar of the business, having brought new customers to the marque and broadened its commercial foundation. Lotus was an early adopter of 800V architecture through its electric SUV and GT offerings and remains committed to continued BEV innovation. Built to Compete Globally Lotus’ close collaboration with its major shareholder, Geely Holding Group, is central to Focus 2030. The two businesses are working together on technology development, supply-chain competitiveness, and manufacturing efficiencies to increase go-to-market speed, global scale, and margin resilience. The partnership gives Lotus access to world-class electrification capabilities and resources, while Lotus contributes its globally recognized performance engineering expertise and brand equity to Geely Holding Group’s portfolio. Underpinning this is the planned integration of Lotus UK and Lotus Tech into a single entity, which is expected to unify the brand, streamline governance, reduce costs, and accelerate engineering integration for next-generation performance vehicles. Daniel Li, Chairman of the Board of Directors at Lotus Tech, and Executive Vice Chairman of Geely Holding Group, said, “Geely has believed in Lotus from the beginning, and that belief has not wavered. We are committed to giving Lotus the resources it deserves to compete at the highest level. What Lotus brings is irreplaceable, and Focus 2030 is proof that we take that responsibility seriously. We are excited for the next chapter in the brand's story." Restoring Financial Discipline Focus 2030 sets a clear commercial direction for the business, with a focus on targeted volumes, stronger margins, and greater emphasis on personalization. Lotus is guiding towards a steady ramp-up to 30,000 sales units annually as its full model line-up stabilizes, enabling the business to reach sustained profitability. Over the last year, Lotus has made significant improvements across its entities to increase operational efficiency. Lotus Tech has also increased cost optimization and operational efficiency, as demonstrated by its improved margins in its full-year 2025 results. The Company has targeted a clear and diverse strategy across its core markets: China - the primary volume growth engine, leveraging strong demand for premium new energy vehicles (NEV). Europe - building on racing heritage and British engineering brand equity across a diverse powertrain portfolio. North America - strategy anchored in sports cars, with a new SUV market opportunity in Canada. APAC and Middle East - foundations have been developed, and the brand is now active in 25 markets across the region, providing opportunities to reach new customers with its entire product portfolio. About Lotus Technology Inc.  Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalization and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com. Forward-Looking Statements This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Technology Inc. undertakes no obligation to update any forward-looking statement, except as required under applicable law. Contact Information For investor inquiries ir@group-lotus.com For media inquiries rk@beforethestorm.co

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