Lotus Group (a wholly-owned subsidiary of Geely Holding Group) H1 2026 financial report is now out, this financial report has some highlights; as the enterprise clarified the narrowing of loss area, and simultaneously clarified the sales performance of the brand in different markets, let's take a look at the detailed data below.

Key data includes:
On August 21, 2026, Geely Holding completed 100% equity acquisition of Lotus UK; at this point its UK Hethel factory and Lotus Engineering consulting business are all completed internal integration; before this, Geely Holding only held 51%, Etika held 49%, such a joint venture state would affect Lotus development decisions, because Etika has veto rights on important decisions. Conversely, after full acquisition can completely break free from Etika's interference.
Believe the future will no longer have Lotus Engineering team handle tuning of certain group brand direct competitors situation, knowing that Xiaomi SU7 Ultra Nürburgring version was tuned by Lotus Engineering team.

The previous 'Lutess' is the current Lotus Automobile.
Clearly Lotus Car's name sounds better, why call it 'Lutess' before?
Lotus translates to Lotus (flower), Lutess is the phonetic translation of the word; and the reason for using Lutess this phonetic translation name was 'Lotus' trademark was already grabbed registered, then Lutess Car negotiated trademark transfer with the company unsuccessfully, so could only use phonetic translation name. But what belongs to who is belongs to who, Lotus Car is very important to the brand; subsequently Lotus launched rights protection via litigation, finally obtained 'Lotus' trademark, later changed brand name.

Believe old drivers still remember another car brand related to Lotus, this brand is 'Youth Lotus.'
However the one who grabbed this trademark was not Youth Lotus Car, but an auto parts company, now unnecessary to mention this company again; just need to explain, otherwise might wrongly accuse Youth Lotus Car. However Youth Lotus Car might not care, because Youth Lotus Car was a sub-brand launched by Zhejiang Youth Auto Group in 2006 in cooperation with Malaysia's Proton Group, Proton Car acquired the Lotus parent company in 1996, but purchased only 'Lotus Engineering' chassis tuning service.
Subsequently the Youth Auto Group wanted to register and use the Lotus Car brand, but also because of trademark registration issues could not use it; later could only use the 'Youth Lotus' brand name which was borderline.

The car products built by Youth Lotus Car were actually Proton GEN-2, not Lotus whole vehicles, technology aspect also had no deep Lotus participation; so product competitiveness was actually relatively limited, Youth Lotus brand name also seemed slightly strange in Chinese context, brand appeal was obviously not strong enough.
So in 2012 the cooperation between the two parties broke down, Youth Auto went bankrupt and liquidated in 2017.
Thus Youth Lotus Car became a thing of the past, however recently happened to encounter one by chance, it already looks quite aged. As for the future, naturally there is only one Lotus Car, no need to use the Lutess name anymore.
