‘Lotus: From Windswept Norfolk to Wall Street Wobble — and Back Again.’
Lotus — the darling of British sports cars and, at times, bankruptcy courts — is back!
Not with another fire-breathing track toy, but with boardrooms, share deals, and electric SUVs.
Yes, Lotus has been bought, sold, merged and mashed again.
But this time, the Chinese are stitching it all together, and if you squint hard enough, you might just see a proper comeback.
On 2 February 2024, shareholders at L Catterton Asia Acquisition Corp (LCAA) gave the green light to a merger with Lotus Technology, Lotus’s luxury EV arm.
The merger was completed by 22 February 2024, and Lotus Technology and LCAA officially tied the knot, aiming to propel Lotus into a glitzy, electric future.
On 23 February 2024 – Wall Street Wobbles
Lotus Tech debuted on Nasdaq under ‘LOT’, closing at $13.80—up 2% after an opening day that resembled a bungee jump.
On 14 April 2025, Geely, Lotus’s current puppet master, exercised its put option, forcing Lotus Tech to buy back 51% of Lotus Advance Technologies (Lotus UK).
By gobbling up Lotus UK, Lotus Tech will finally merge its British sports car soul with its shiny Chinese electric ambitions.
In classic modern fashion, no cash changes hands. Instead, Lotus Tech will issue new shares valued at $10 a pop.
What It All Means
For the first time in decades, all of Lotus — from tiny track terrors to luxury EV barges — will live under one badge again.
Whether it feels like Colin Chapman’s dream or not. Well, that’s another matter.
‘Nothing says ‘simplify and add lightness’ quite like a billion-dollar merger and a 300-page shareholder report.’
