is still expected to begin delivery in China in the first quarter of this year, and in the U.K. and Europe later in the year. It seems the U.S. and the rest of the world will need to sit patient, with Lotus still planning global delivery in 2024.
The push to go public is part of a larger narrative between Lotus and Geely trying to improve the company's reach on a global scale. To that end, prospects seem high for the British outfit as it heads public. Managing director Matt Windle told us in December that Lotus received more than 10,000 orders for its
, with over a third of those sales coming stateside. On top of that, in the span between Goodwood 2021, when the Emira launched, and Goodwood 2022, Lotus sold more cars than it had in the previous six years combined.Lotus has changed hands a few times since Colin Chapman founded it in 1952. Following Chapman's death, the company teetered on the edge of bankruptcy before being purchased by General Motors and Toyota.
In 2017, Zhejiang Geely Holding Group purchased a 51 percent stake in Lotus. In the years since, Geely has poured hundreds of millions of dollars into bringing Lotus into the modern era of car manufacturing.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: engadget - 🏆 276. / 63 Read more »