Lotus has confirmed its first electric sports car, currently codenamed Type 135, will be built at Hethel and will replace the petrol-engined Emira, which is scheduled to end production before 2027.
Following the completion of its merger with L Catterton Asia Acquisition at the end of 2023 valuing the business at $5.5 billion, Lotus Technology is gearing up for its IPO via a SPAC (Special Purpose Acquisition Company) on the NASDAQ in quarter one of 2024. Ahead of this Chief Commercial Officer, Mike Johnstone, outlined Lotus’ short to term product plans, which will be solely electric cars and built on two continents - China and Europe.
Read Article