Lotus Cars Are Driving on Fumes in the Trade War
The US listing of Lotus Technology Inc. last year was supposed to herald a new era for a perennially financially troubled British racing icon. But the Chinese-owned group now looks in need of another cash injection; the only question is who should provide it.
Controlled by affiliates of billionaire Li Shufu and his Zhejiang Geely Holding Group Co., the modern incarnation of Lotus makes luxury EVs in China and owns the global distribution rights to its UK-made sports cars. (Malaysia's Etika Automotive Sdn Bhd is also a big shareholder.)
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