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Monday 21 February 2022

(TMS) GEELY FLOATING LOTUS


The Lotus Evija was unveiled in 2019 is a limited production electric sports car - ALAMY

Lotus, one of the great survivors of what is left of the British motoring industry, is planning a multibillion-pound flotation as the Norfolk-based sportscar manufacturer moves to open a production plant in China and targets ambitious annual sales of 100,000 a year by the end of the decade.

Geely, the Chinese automotive giant which now controls Lotus, has started an international roadshow for investors and wealthy customers which could lead to an IPO, probably in Shanghai, as early as next year. 

Floating the business in New York or London is understood not to have been ruled out. The Times - link - Robert Lea - link - more like this (China) - link - more like this - link

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