Geely-owned Lotus Technology completes Lotus UK acquisition
Geely-owned Lotus Technology has completed its acquisition of Lotus UK, buying 100% of Lotus UK’s equity interests. The deal combines the Hethel manufacturing operation, Lotus Engineering, and Lotus Tech’s international product development and commercial activities into one global organization. Lotus expects simplified governance, improved efficiency, and faster delivery of its Focus 2030 strategy, with dealers seeing faster product development and go-to-market execution.