Lotus Set To Go Public Via SPAC At $5.4 Billion Valuation via insideevs.com
Undoubtedly, a lot has changed at Lotus in the last few years. When Chinese automotive giant Geely took over the struggling Norfolk brand in 2017, a change in vision was immediately implemented. Instead of focusing on lightweight petrol sports cars, Geely wanted Lotus to instead future-proof itself by becoming a leader in the luxury EV space.was developed as a halo model for the brand.
Meanwhile, the traditionally powered Emira sports car was released in an effort to keep enthusiasts on board while also showing off Lotus' next-gen design language.will undoubtedly be the bread and butter of the brand. A luxury electric SUV with 373 miles of range, the Eletre's $85,000 base point should ensure it sells in relatively strong numbers.will be going public via a special purpose acquisition company . The deal will see Lotus valued at $5.
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