Page 13 - Lotus Engineering News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Known by its development code, Type 131, new Emira shown. Lotus CEO Feng Qingfeng said the company will remain to true to the mantra “For the Drivers.” New products and platforms, a new headquarters, increased electrification and a digital sales strategy are all a part of Lotus’s future, announced at a Tuesday morning global press conference. “Results to date have seen the expansion of our global landscape, while remaining true to the original intention and foundation of the brand, namely that we are ‘For the Drivers’,” said Feng Qingfeng, CEO, Group Lotus. Founded in 1948 by Co...

Lotus has revealed a substantial new product strategy that will see the company move beyond sports car manufacturing and likely into SUVs, using four platforms to create a Lotus line-up broader than at any other point in the marque’s history.  The arrival of the all-new combustion powered Emira sports car, which will be revealed this summer, will usher in the second of four planned architectures. These will all support Lotus’s expansion as the company heads towards its 80th birthday in 2028, under the stewardship of new boss Matt Windle. The first platform, called Hypercar, has already b...

Geely is working with advisers to sound out potential investor interest in a funding round that could value Lotus’s EV operations at about US$5bil HONG KONG: Zhejiang Geely Holding Group Co is considering raising about US$1bil (RM4.13bil) to help expand its iconic British sports and racing automotive business Lotus Cars into the electric vehicles (EVs) 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 US$5bil, the people said, asking not t...

15 April 2021 12:37 pm / 2 comments Geely is reportedly mulling a move to raise US$1 billion (RM4.13 billion) for Lotus in a bid to expand the British sports car maker’s electric vehicle presence in China, Bloomberg reports. The Chinese automaker is apparently working with advisers to sound out potential investor interest in a funding round that could see Lotus’s EV operations being valued at about US$5 billion (RM20.65 billion), sources told the news agency. Separate from this, Geely is also said to be weighing an initial public offering (IPO) of Lotus Cars – or just the company�...

Zhejiang Geely Holding Group Co. is considering raising about $1 billion to help expand its iconic British sports and racing automotive business Lotus Cars into the electric vehicles market in China, according to people familiar with the matter.