Lotus Shares Tumble 40% Since IPO, As Parent Geely Plans World Domination
Geely needs to raise funds as it plans to go global, but investor confidence isn't quite there yet
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Geely needs to raise funds as it plans to go global, but investor confidence isn't quite there yet
Luxury EV maker Lotus Technology (LOT) is making its debut on the Nasdaq via a SPAC. Lotus Technology CFO Alexious Lee tells Yahoo Finance the move will help…
The auto maker says it has received 19,000 orders for its Eletre vehicle.
Lotus Technology says it has received 19,000 orders for its Eletre vehicle. We test drove one.
SHANGHAI (Reuters) - Lotus Technology, a new unit of China's Geely set up to develop the technology to power Lotus sports cars, is planning to raise $400 million to $500 million before the end of this year, its chief financial officer told Reuters.