Written By: Ehtesham Arif
Lotus Technology and L Catterton Asia Acquisition Corp have completed their merger, paving the way for Lotus Tech's public listing on Nasdaq.
Lotus Tech enters the public market with a valuation of $5.5 billion, showcasing investor confidence despite industry-wide EV uncertainties.
With over $880 million raised in pre-closing and private investment, Lotus Tech secures substantial support from global investors and strategic partners.
Lotus Tech's CEO, Qingfeng Feng, expresses excitement for the company's Nasdaq debut, signaling a commitment to accelerating growth and electric transformation.
Lotus Tech leads the electric transformation with its all-electric Eletre SUV and Emeya sedan, featuring cutting-edge 800-volt architecture for enhanced performance.
With plans to introduce the all-electric Type 135 sports car by 2027, Lotus Tech aims for a fully electric product portfolio, driving innovation and sustainability.
Lotus Tech's journey signifies a pivotal moment in the automotive industry's shift towards electric vehicles, promising a sustainable future for luxury BEVs.