EV subsidiary of storied Lotus Cars, Lotus Technology, is being spun out in an initial $5.4 billion SPAC merger!
“This is an exciting time for Lotus Tech as we work towards delivering our first fully electric hyper SUV, applying our innovation and engineering expertise to meet the rising global demand for luxury EVs,” said Mr. Qingfeng Feng, Chief Executive Officer of the company.
are expected to fuel the majority of this growth over the next decade as government policies in these regions provide further tailwinds for EV sales,” said Chinta Bhagat, Co-Chief Executive Officer ofCatterton.
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