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Top related persons:
Tesla - 2 Evelyn Cheng - 1 Feng Xingya - 1 Feng - 1 Wei Haigang - 1 Wei - 1 Stephen Dyer AlixPartners - 1 There's - 1
Top related locs:
China U.S New York Beijing Evelyn Cheng BEIJING East Mexico Japan
Top related orgs:
Lotus Technology - 3 U.S - 2 Automotive - 2 Geely - 2 CNBC - 1 GAC - 1 Labor - 1 Huawei - 1

Search resuls for: "Lotus Technology"


5 mentions found


☆ China's automakers must adapt quickly or lose out on the EV boom in the face of regulatory scrutiny abroad and competition at home
  + stars: | 2024-05-03 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +7 min
The automaker is the joint venture partner of Honda and Toyota in China, and has an electric car brand called Aion. Expanding outside ChinaLike other automakers in China, GAC is also turning overseas. China's overseas car sales surged last year, putting the country on par with Japan as the world's largest exporter of cars. Dyer expects that to drive overseas demand for Chinese electric cars. Chinese consumers placed almost twice as much importance on tech features compared with U.S. consumers, Dyer said, citing AlixPartners' survey.
Persons: Evelyn Cheng, Tesla, Feng Xingya, Feng, Wei Haigang, Wei, Stephen Dyer AlixPartners, There's, Stephen Dyer, AlixPartners, Dyer, BYD, Nio, CATL, Zhong Shi Organizations: CNBC, GAC, Labor, Huawei, Honda, Toyota, China Passenger Car Association, EU, U.S, Factories, Greater China Business U.S, Ministry of Commerce, Tech, Volkswagen, SAIC Motor, Battery, China Automobile Dealers Association, Automotive, Robotics, Lotus Technology, Geely Locations: Beijing, Evelyn Cheng BEIJING, China, East, Mexico, Japan, Malaysia, Thailand, Egypt, Brazil, Turkey, Amsterdam, Greater China, Asia, U.S, Europe
☆ China’s Latest EV Stocks Face Uncertain Reception in New York
  + stars: | 2023-11-29 | by ( Stephen Wilmot | ) www.wsj.com   time to read: 1 min
Tesla is facing pressure in China from the country’s top electric-vehicle company BYD. WSJ unpacks the business and manufacturing strategy of BYD and Tesla to uncover what the competition in China reveals about the race to own the global EV space. That is the conundrum investors face as they size up the latest EV brands pitching their growth prospects in New York. Lotus Technology is in the final stages of a merger with a Nasdaq-listed special-purpose acquisition company that values it at $5.5 billion. Zeekr Intelligent Technology Holding , which raised money in February at a $13 billion valuation, filed its registration statement earlier this month for a U.S. initial public offering.
Persons: Tesla Organizations: Cheslik, Lotus Technology, Nasdaq, Technology, U.S Locations: China, New York
☆ Lotus launches electric GT model as mass expansion plan rolls on
  + stars: | 2023-09-07 | by ( Nick Carey | ) www.reuters.com   time to read: +2 min
[1/4] British sports car maker Lotus unveils its new fully-electric “hypercar” in New York City, U.S., September 7, 2023. Johnstone said with Emeya, Lotus is targeting people "looking for something different in an electrified GT-style sports car." Since its founding in 1948, Lotus typically made 5,000 cars a year, but funded by Geely and Etika, the company has planned a massive expansion. Lotus Technology, which includes Lotus Cars, is also due to go public this year via a merger with special purpose acquisition company L Catterton Asia Acquisition Corp (LCAA.O). Geely also plans to turn the London Electric Vehicle Company, which makes iconic black taxis, into a high-volume, all-electric brand.
Persons: Caitlin Ochs, Mike Johnstone, Johnstone, Emeya, Geely, Nick Carey, Susan Fenton Organizations: Lotus, REUTERS, HK, Automotive, Reuters, Geely, Lotus Technology, Asia, Corp, Volvo, London Electric Vehicle Company, Thomson Locations: British, New York City, U.S, New York, Wuhan, China, Tesla
☆ EV maker Lotus Tech to go public in the U.S. via deal with L Catterton SPAC
  + stars: | 2023-01-31 | by ( Brenda Goh | ) www.reuters.com   time to read: +2 min
Lotus Tech is the luxury electric vehicle maker division of sports car brand Group Lotus, which is in turn owned jointly by Chinese automaker Geely (GEELY.UL) and Malaysia's Etika Automotive. The unit is headquartered in the central Chinese city of Wuhan and produces cars through a partnership with Geely. Lotus Tech's existing shareholders, including Geely, Etika and NIO Capital, an investment firm founded by the CEO of Chinese electric vehicle maker Nio Inc , will retain their interests in the company and own 89.7% of it following the deal, it said. The company plans to use the proceeds from the combination of the businesses for product innovation and to expand its global distribution network. "We expect the partnership to provide significant support as Lotus Tech expands globally, with promising brand collaboration and strategic partnership potential worldwide," Lotus Tech's Chief Executive Officer Feng Qingfeng said.
☆ Sports car maker Lotus's tech arm valued at $4.5 bln in fundraising
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterA Lotus sign is seen at the car plant headquarters in Hethel, Britain June 23, 2021. REUTERS/Dylan Martinez/File PhotoSHANGHAI, Sept 21 (Reuters) - Lotus Technology, the technology arm of sports car brand Lotus, said on Wednesday it had completed a fundraising that valued the business at nearly $4.5 billion. Lotus Technology confirmed on Wednesday it was the same round of fundraising but didn't disclose the amount raised or participating investors. Lotus plans to start production of its first electric SUV by the end of this year and begin deliveries in early 2023. Register now for FREE unlimited access to Reuters.com RegisterReporting by Zhang Yan, Brenda Goh Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
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