Lotus - Q3 results

https://ir.group-lotus.com/news-releases/news-release-details/lotus-technology-reports-unaudited-third-quarter-and-first-0

Couple of things worth noting:

-- Only 1,298 Emiras were sold in the first nine months of 2025
-- EV sales are holding up better than I expected, but mostly in China. 3,314 EVs sold so far this year. Then again, the original plan was to sell 70,000 units a year!
-- The PHEV (hybrid) vehicle will be launched in the next few months. Probably a hybrid Eletre? I'd be surprised if the TYP 134 (Macan competitor) is ready for launch

This comment made me worry about the future of Hethel: " . . . the Company maintains active cooperation with Lotus UK and is methodically and prudently developing detailed integration plans to ensure a smooth transition and maximize synergies"

 

[JohnnyB]

When you see this many Emiras at US dealers combined with the 6k incentive from Lotus, the Emira market is saturated. It compares to the saturation the Stingray and Z06 have in the market. Chevy is offering factory incentives on the 2025 models plus dealers are offering healthy discounts. Dealers are also offering discounts on 2026 models. GM doesn't have the financial situation that Lotus has nor does it have the tariff situation.