Lotus Tech Completed Acquisition of 100% Equity Interest of Lotus Advance Technologies, Integrating All Businesses and Operations Under One Lotus

* 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.