Lotus Technology Finalizes Acquisition of Lotus UK
Geely-backed electric vehicle group Lotus Technology has finalized its acquisition of Lotus Advance Technologies (Lotus UK), consolidating its UK sportscar production and engineering consultancy into one corporate entity. The deal followed put options dated 31 January 2023: Geely HK bought the 51% stake in April 2025 and Etika Automotive sold its 49% in July 2025. Manufacturing at Hethel now sits alongside Lotus Engineering services.