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Lotus Technology (Lotus Technology) Construction In Progress : $127.0 Mil (As of Dec. 2023)


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What is Lotus Technology Construction In Progress?

Lotus Technology's quarterly construction in progress increased from Dec. 2022 ($71.7 Mil) to Jun. 2023 ($82.2 Mil) and increased from Jun. 2023 ($82.2 Mil) to Dec. 2023 ($127.0 Mil).

Lotus Technology's annual construction in progress increased from Dec. 2021 ($39.6 Mil) to Dec. 2022 ($71.7 Mil) and increased from Dec. 2022 ($71.7 Mil) to Dec. 2023 ($127.0 Mil).

Lotus Technology Construction In Progress Historical Data

The historical data trend for Lotus Technology's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Lotus Technology Construction In Progress Chart

Lotus Technology Annual Data
Trend Dec21 Dec22 Dec23
Construction In Progress
39.64 71.70 126.98

Lotus Technology Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Construction In Progress 39.64 - 71.70 82.25 126.98

Lotus Technology Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Lotus Technology (Lotus Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lotus Technology Inc (NAS:LOT) » Definitions » Construction In Progress
Comparable Companies
Traded in Other Exchanges
5EP:Germany
Address
No. 800 Century Avenue, Pudong District, Shanghai, CHN, 200120
Website
https://www.group-lotus.com
Lotus Technology Inc is a battery electric vehicle (BEV) maker that designs, develops, and sells BEV lifestyle vehicles under the Lotus brand. The Group is also a distributor that sells luxury sports cars under the Lotus brand.

Lotus Technology (Lotus Technology) Headlines

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