Lotus Technology has acquired 100 per cent of Lotus Advance Technologies, bringing the British sports car business, engineering operations and future technology programmes under a single corporate structure. In simple terms, the two sides of Lotus are now becoming one business.
The acquisition brings together Lotus Technology, which oversees the brand’s electric vehicle operations, and the UK-based Lotus business responsible for models such as the Emira and its engineering activities.
The move is expected to simplify how the company operates and improve collaboration across key areas.
Lotus’ ownership structure has been relatively complex over the years. Since 2017, the UK business had been jointly owned by Geely and Etika Automotive through a 51:49 split.
With Lotus Technology acquiring full ownership, the business now sits under a more unified structure, supporting the company’s wider global strategy.
The merger is also an important part of Lotus’ Focus 2030 strategy. The plan outlines the brand’s next phase of growth while balancing its traditional sports car identity with new technology and electrification.
Key plans under the strategy include:
Also read: https://fly-wheel.com/mahindra-expands-baas-across-its-electric-origin-suv-portfolio/
The deal is more significant than the name suggests. By bringing its different businesses under one roof, Lotus is simplifying its structure as it prepares for an ambitious future. With a hybrid V8 supercar, a renewed commitment to the Emira, and Focus 2030 ahead, the new unified Lotus has plenty on its plate.
Royal Enfield has sold all 125 units of its 125th Anniversary Edition Hypershift Classic 650…
Maruti Suzuki has crossed 35 lakh units in cumulative production of the Dzire, marking a…
Maserati has marked a new phase in its Indian operations with the launch of Navnit…
McLaren has announced the McL 820, its next series-production supercar, which is scheduled to arrive…
Michelin has launched the new X Multi Energy Z2 tyre for commercial vehicles in India.…
Montra Electric has introduced a 15-minute rapid-charging option for its SUPER AUTO FX electric passenger…