Lotus Tech secures a commitment of up to $500 million to drive business development and enhance liquidity

Global leading intelligent luxury travel provider Lotus Tech announced on August 19 that it has signed a securities purchase agreement with ATW Partners, an investment institution based in New York that focuses on long-term growth potential frontier companies. According to the agreement, Lotus will issue convertible notes to ATW Partners with a total principal amount of up to $300 million, which can be converted into the company's common stock and held in the form of American Depositary Shares (ADS). Mr. Feng Qingfeng, CEO of Lotus, commented: "This new funding reflects our partners' confidence in us and further supports the company's ongoing business development and transformation. We are confident in further strengthening our operational capabilities and continuously creating sustainable value for our shareholders." As previously announced, Lotus also signed a Master Credit Framework Agreement with Zhejiang Geely Holding Group Co., Ltd. ("Geely") on July 28, 2025. According to the agreement, Geely agrees (including through its subsidiaries) to provide Lotus and its subsidiaries with a non-revolving credit facility of up to RMB 1.6 billion (approximately $200 million)