Lotus is a global performance automotive brand built on solid foundations and a rich heritage. Since the formation of Lotus in 1948, it has been pioneering true automotive innovation, introducing cutting-edge technologies and designs to meet its uncompromising vision of how a car should look, perform and feel. Lotus Group is made up of a high-performance sports car business, Lotus Cars, and an all-electric luxury mobility provider, Lotus Technology is the technology, sales and marketing division of Lotus brand. Heading the electrification wave among all global luxury automakers, Lotus Tech is the first traditional luxury auto brand expected to achieve 100% BEV production by 2027.

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Lotus Technology

Lotus Tech is the technology, sales and marketing division of Lotus brand. Fusing proprietary next-generation technology built on world-class R&D capabilities with decades of British racing heritage, the company has successfully developed luxury EVs ahead of its traditional, internal combustion engine-focused peers by leveraging its wholly-owned R&D facilities spanning Coventry in the UK and Frankfurt in Germany, as well as Wuhan, Shanghai, and Ningbo in China. Its first fully electric hyper SUV, Eletre, is expected to begin delivery in China, EU and UK in 2023. Planning is underway for future delivery of Eletre to the U.S. and rest of the world, leveraging the Lotus brand’s global network across these core regions.

Lotus Tech is a pioneering luxury battery electric vehicle (“BEV”) maker focus on luxury lifestyle vehicles (non-sports car vehicles for daily usage) under the iconic British brand “Lotus”. With over seven decades of racing heritage and proven leadership, the Lotus brand symbolizes the market-leading standards in performance, design and engineering. Today, Lotus Tech is committed to becoming an advanced, fully electric, intelligent, and sustainable luxury mobility provider ahead of the brand’s 80th anniversary in 2028, leading the electrification transformation of luxury car segment.

Lotus Technology Inc., headquartered in Wuhan, China, has operations across China, the UK, and the EU. The Company is dedicated to delivering luxury lifestyle battery electric vehicles, including SUVs and sedans.

 

Lotus Technology Acquires Full Equity Interest of Lotus Advance Technologies and Integrate All Business under Lotus Brand

Lotus Technology Inc. announced on 16 April 2025 that Geely International exercised its put option on April 14, 2025, requiring Lotus Technology Inc to purchase Geely’s 51% of the equity interests in Lotus Advance Technologies held by Geely pursuant to the Put Option Agreement dated January 31, 2023 between the parties. Pursuant to the exercise of put option from Geely, Lotus Technology expects to acquire 51% of the equity interest in Lotus UK through a non-cash transaction based on a pre-agreed pricing method. Upon completion, the Lotus Technology will gain control over Lotus UK and consolidate its financial results. The strategic transaction will enable the Company to integrate all businesses under Lotus brand. The acquisition is expected to be completed in 2025, subject to potential regulatory approvals.

• In May 2017, DRB-HICOM announced plans to sell 51% stake in Lotus Cars to Geely Holdings Group. The deal was signed in June 2017.
• On April 14, 2025, Geely Holdings Group announced plans to liquidate 51% stake in Lotus Cars to Lotus Technology.

 

Lotus Tech and L Catterton Asia Acquisition Corp Announce Closing of Business Combination

On Feb. 20, 2024, Lotus Technology Inc. (“Lotus Tech” or the “Company”), and L Catterton Asia Acquisition Corp (“LCAA”) (NASDAQ: LCAA), a special purpose acquisition company formed by affiliates of L Catterton, a leading global consumer-focused investment firm, announced that their previously proposed business combination is expected to be completed on February 22, 2024.

The combined company will retain Lotus Tech’s name as “Lotus Technology Inc.” and its American Depositary Shares (ADS) will commence trading on the Nasdaq under the ticker symbol “LOT” on February 23, 2024. The business combination was approved by LCAA shareholders at an extraordinary general meeting held on February 2, 2024.

Lotus Technology entered into an Agreement and Plan of Merger with L Catterton Asia Acquisition Corp on January 31, 2023, on October 11, 2023, and as may be further amended, or modified, the “Merger Agreement”. Upon completion of the transactions contemplated by the Merger Agreement, Lotus Technology will become a Nasdaq-listed public company. The combined company is expected to retain name as “Lotus Technology Inc.” and its ordinary shares represented by American Depositary Shares (ADS) to be listed under the ticker symbol “LOT”.

L Catterton Asia Acquisition Corp (NASDAQ: LCAA) is a blank check company incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. While it may pursue an initial target business in any industry or sector, it has focused its search on high-growth, consumer technology sectors across Asia.