Lotus Technology Valued At $4.5 Billion
Group Lotus will continue to do what it had always done, even before Geely and Etika Automotive jointly purchased it.
Lotus has been doing suspension development for years, not just for its own cars. Lesser-known brands like Proton are happy to boast about having a Lotus-tuned suspension, while manufacturers like Aston Martin have good reason to keep it on the down low. It's not just sports cars either. Lotus had a hand in developing the suspension setup of the Hyundai Genesis.
Lotus' history with electrification dates back to 2011 when it provided the power pack for the Rolls-Royce 102EX, the spiritual predecessor of the upcoming all-electric Spectre.
It's unclear why Lotus Technology has not gone public yet, but we suspect it has something to do with the launch of the Eletre. Production is set to start at the end of this year, while deliveries will begin in 2023.
The most likely scenario is that Lotus Technology wants to show what it's capable of before going public, which might net it a healthier influx of cash than initially expected.
Gloss