Lotus Technology Inc. (NASDAQ: LOT) announced a strategic collaboration with Finloop Finance Technology Holding Limited ("Finloop") and FOMO Pay on July 28, 2026, to explore the tokenization of real-world assets within the luxury mobility sector. The three entities signed a non-binding memorandum of understanding to pursue technical cooperation in asset issuance, distribution, and compliant digital-asset payment services. This initiative seeks to integrate Web3 fintech ecosystems with Lotus’ premium mobility offerings, potentially creating new business value through innovative tokenomics models. The specific scope and terms of the partnership remain subject to the execution of definitive agreements.

Strategic Collaboration Details

The memorandum outlines cooperation across several key areas, including asset issuance, tokenization, and distribution mechanisms. The parties intend to develop compliant operating models for digital-asset payment services, focusing on integration into the Web3 ecosystem. Lotus Tech aims to leverage this collaboration to strengthen its position in the luxury automotive market by delivering advanced on-chain payment solutions for vehicle purchases.

Finloop will utilize its self-developed RWA platform, known as the FinRWA Platform (FRP), which is described as Asia’s first one-stop RWA technology, issuance, and distribution platform. FOMO Pay, licensed in Singapore, Hong Kong, and the Middle East, will contribute its expertise in digital payments and on-chain settlement. Together, they aim to support Lotus Tech in evaluating prospective compliant operating models that bridge traditional automotive sales with next-generation financial technology.

Executive Commentary

Dr. Daxue Wang, Chief Financial Officer of Lotus Tech, stated that the collaboration marks an important step in exploring how digital assets can create new value in the luxury mobility sector. He noted the intent to explore compliant on-chain payment solutions for vehicle purchases to expand the customer base. Cai Hua, Chief Executive Officer of Finloop, emphasized the commitment to integrating real-world assets with advanced technology, leveraging their tokenization capabilities to deliver efficient and scalable solutions. Zack Yang, Co-Founder of FOMO Pay, highlighted the firm’s multi-currency approach to digital payments, viewing the luxury mobility space as a strong model for wider sector adoption.

What the Numbers Show

While no financial metrics are disclosed in this preliminary agreement, the strategic alignment signals a shift toward digital asset integration in high-value physical goods. The involvement of established payment infrastructure (FOMO Pay) and specialized RWA platforms (Finloop) suggests a focus on regulatory compliance and scalability rather than speculative experimentation. The non-binding nature of the current MOU indicates that material financial commitments or revenue impacts will only be realized upon the signing of definitive agreements.

Lotus Technology Inc. announced that the Lotus Emeya has set a new electric vehicle record at Malaysia’s Sepang International Circuit, completing the 5.5km track in 2:20.317. This lap time exceeds the fastest publicly reported EV benchmark of 2:27.790 at the circuit by more than seven seconds. The achievement highlights the company's focus on driver-focused performance in the electric era.

The record-setting run was achieved by the Emeya R+ derivative, also known as the Emeya 900, driven by champion GT driver Daniel Lu. Sepang’s layout places high demands on power delivery, braking performance, aerodynamic stability, and chassis balance. The result demonstrates the vehicle's ability to combine everyday usability with track capability.

Chong Yok Meng, Senior Director for Chassis and Vehicle Dynamics at Lotus, stated that the track serves as the ultimate proving ground. He noted that the fastest EV lap reflects the engineering team's dedication to delivering driver engagement, precision, and performance. Meng emphasized that the achievement proves Lotus electric vehicles embody the dynamic principles defining the brand.

The Emeya is a pure electric hyper-GT designed with a signature ‘porosity’ aerodynamic principle, allowing air to flow through the vehicle. This design element, integral to the Lotus Evija and Emira, contributed to the record-setting performance in Malaysia. The vehicle aims to set a new standard in electric vehicles by combining technology, design, and performance.

Key Performance Details

Lotus Technology Inc. operates across the UK, the EU, and China, focusing on luxury lifestyle electric vehicles and next-generation automobility technologies.