Luckes Technology receives a commitment of up to $500 million in funding.

On August 19th, local time, Lotus Technology Limited announced that it has signed a securities purchase agreement with ATW Partners, an investment firm based in New York. According to the agreement, the company 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 Receipts (ADRs). 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 has agreed to provide the company and its subsidiaries with a maximum non-revolving credit line of up to 1.6 billion RMB.