Geely exercises its Put Option on Lotus UK, enabling reintegration of all businesses under the Lotus brand

Geely exercises its Put Option on Lotus UK, enabling reintegration of all businesses under the Lotus brand

Bear with me, as this one is a bit complicated and jargon-heavy. Lotus Technology Inc. announced that Geely, the majority...

Lotus to reunite as single global company under Geely restructuring

Lotus is set to become a single, unified company once more as parent firm Geely merges the brand’s British sports car operation with its Chinese electric vehicle business, Lotus Technology. The two divisions have operated separately since Geely spun off Lotus Technology ahead of its planned stock market listing in 2023. The newly announced deal will see Lotus Technology buy out Geely’s 51% stake in the UK-based sports car business, a move that w…