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Geely’s Sports Carmaker Lotus Explores IPO Options – FT


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Chinese-owned, UK-based sports car brand split its operations last year into two: a company making vehicles and a luxury lifestyle unit


Geely Lotus
A Lotus Evija electric sports car is displayed at an event in London in 2019. Photo: Lotus via AFP

 

The Chinese-owned, UK-based sports car brand Lotus is exploring a stock market listing within two years to help fund international expansion and investment in electric vehicles, the Financial Times reported.

The brand, owned by Geely, split its operations last year into two: the Norfolk-based company making sports cars and a luxury lifestyle company based in China that plans to make electric sport utility vehicles.

Read the full report: Financial Times

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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