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Geely s Lotus said to weigh raising $1B for EV shift
Geely s Lotus said to weigh raising $1B for EV shift
Bloomberg
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The Evija, which has a 70 kilowatt-hour battery pack and a WLTP range of 400 km (250 miles), is a halo model for Lotus as it aims to reestablish itself as a global player under its new parent, Geely.
Zhejiang Geely Holding Group is considering raising about $1 billion to help expand Lotus Cars into the electric vehicles market in China, according to people familiar with the matter.
Geely is working with advisers to sound out potential investor interest in a funding round that could value Lotus’s EV operations at about $5 billion, the people said, asking not to be identified because the matter is private.