# Lotus Technology corporate restructuring and financial news > Live situation record from CLSTR: https://clstr.news/situations/lotus-technology-corporate-restructuring-and-financial-news > Updated: 2026-08-27T16:21:37.000Z. Sources: 5. Developments: 2. Lotus Technology has undergone significant structural and financial shifts. In late August 2026, the company completed the acquisition of 100% of Lotus Advance Technologies, the entity managing Lotus UK operations. This move unifies British manufacturing and engineering with Lotus Tech’s intelligent vehicle operations under a single corporate structure to streamline global R&D and supply chains. Chief Executive Qingfeng Feng described the integration by stating, “Lotus is one brand and one strategy, and from today it is one business.” Concurrently, the company reported financial progress for the first half of the year, including a 23% increase in revenue to $268 million. This growth was supported by a 39% rise in vehicle deliveries, particularly in the Chinese market. While the average selling price declined by 3% due to a higher volume of lower-priced models, gross margins improved to 10% and operating losses decreased by 63% year-over-year to $95 million. ## Timeline ### 2026-08-27: Lotus Technology reports revenue growth and narrowing losses Lotus Technology reported a 23% revenue increase to $268 million in the first half of the year, supported by a 39% rise in vehicle deliveries and improved gross margins. 3 sources. https://clstr.news/cluster/lotus-technology-reports-revenue-growth-and-narrowing-losses ### 2026-08-25: Lotus Technology acquires 100% of Lotus UK to unify global operations Lotus Technology has acquired 100% of Lotus UK, unifying British performance engineering and manufacturing with its intelligent electric vehicle operations under one corporate structure. 2 sources. https://clstr.news/cluster/lotus-technology-acquires-100-of-lotus-uk-to-unify-global-operations --- Cite as: Lotus Technology corporate restructuring and financial news. CLSTR, https://clstr.news/situations/lotus-technology-corporate-restructuring-and-financial-news