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Lotus Technology, the luxury electric vehicle arm of sports car brand Lotus, said on Tuesday it has secured $870 million in financing ahead of the completion of its merger with blank check company L Catterton Asia Acquisition (LCAA). All of the financing was secured based on a $5.5 billion valuation, China-headquartered Lotus Technology said in a statement. Investors will be issued public shares upon closing of the business combination with LCAA, and result in Lotus Technology having a free float of over 19%, excluding existing LCAA shareholders, it said.

Lotus Technology, the luxury electric vehicle arm of sports car brand Lotus, said on Tuesday it has secured $870 million in financing.

Elon Musk has broken a world record – but not one he’ll be particularly pleased about. According to Guinness World Records, Musk has seen his personal fort

An investing chief shares his top stock picks from an investment strategy leveraged by a banking dynasty and why he chose to buy only 1 stock in 2021.

Here’s how Rihanna’s new $13.8 million Beverly Hills mansion looks inside ¡Hola! 4 days ago hola-us Rihanna’s new 7,600-square-foot $13.8 million Beverly Hills mansion is to die for. The 33-year-old Barbados native recently purchased a secluded house in one of the most exclusive areas of Los Angeles County in California. © Provided by ¡Hola! Rihanna’s new $13.8 million Beverly Hills mansion Riri’s home comes with all the privacy a superstar like her needs. The exclusive cul-de-sac mansion has hedges and gates that protect the singer from intruders, while a dri...