Lotus: Fuse the English and Chinese division, it becomes the only company

Lotus will return to being a single society. This was confirmed by the Chinese giant Geely, owner of the brand, on the occasion of the Shanghai show. The intention is to merge the two souls of the brand, that of sports cars “made in UK“With that more lifestyle and electric “made in China“. At the time of purchase, in fact, Geely had scored Lotus Technology To then quote it on the stock exchange in 2023. Now Lotus Technology will acquire a 51% share of Lotus UK Geely to integrate all the activities of the Lotus brand.

financial operations

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Lotus Technology had been initially identified as the most “investable” arm for Chinese production Lotus electric vehicles of which Geely possessed a greater share, compared to Lotus UK which is controlled 49% by the Malaysian company Etika. The percentage that the entities controlled by Geely will have in the Lotus, once the merger is completed, is to be defined. Lotus Technology It has been devalued for the reduction of the demand for electric, to which the increase in duties in the USA is added, the key market for Lotus.

consequences of duties

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In recent days Lotus Uk has announced that he would have cut up to 270 jobs In its Hetheil plant after the American decision to impose a 25% tariff increase on all imported cars. The cuts are, however, also the consequence of a reduction of demand of sports cars that has finished penalizing the Lotus Emira petrol. The creation of a unique company for all Lotus activities should guarantee the shareholders of Lotus Technology a greater exposure of sportsmen.

CEO commentary

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Qingfeng Feng, the CEO of Lotus and Vice -President of Geely, commented in Shanghai the change of society: “We are confident that the Lotus transaction will allow a long -term substantial value for our shareholders”. Lotus delivered 12,065 cars in 2024increase of 70% compared to the previous year. And provides for a more modest increase of 20% in 2025, with China that will guarantee a greater share on the sold compared to 2024, when it represented an overall equal to a quarter.

even thermal engines

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Sales in Europe of Chinese production electric cars have been damaged by recent tariff increases imposed by the European Union, which in the case of Geely must be added to 29% on the cost of each car shipped. Lotus announced that he planned to face the sensitive drop in sales of electrical cars in the old continent with oneextension of the range especially with petrol versions of its current electric models, but starting from 2026.