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On August 19th local time, Lotus Tech announced that it has signed a securities purchase agreement with the New York-based investment firm ATW Partners. According to the agreement, the company will issue convertible notes to ATW Partners with a total principal amount of up to $300 million. The notes can be converted into the company's common stock and held in the form of American Depositary Shares (ADS). As previously announced, the company also signed a Master Credit Framework Agreement with Zhejiang Geely Holding Group Co., Ltd. on July 28, 2025. According to the agreement, Geely agrees (including through its subsidiaries) to provide the company and its subsidiaries with a non-revolving credit facility of up to RMB 1.6 billion (approximately $200 million)