Endure me, as this is a complex and jargon-heavy. Lotus Technology Inc. He announced that Geely, the owner of the lot of his car producing the lotus UK, used its pre-weekly option to sell its 51% of the latest party. In Lamen's sections, Geele is out, so the lotus tech should buy 51% of Lotus Uk back, puts all those businesses under one umbrella. I'm in Nami? Above below.
The product of Lotus was established in the UK more than 70 years ago and made the name itself to sale sports but comfortable. Unlike many other competitions, Lotus was a tutus that was at the beginning of the EV expertise and swept us earlier to be a global product.
That promise was part of a trick full of Geely Hong Kong Ltd. (Geely), receiving 51% of the Lotus Advanced Technologies (lotus UK or lotus Cars) in 2017.
Lotus Technology Inc. – The R & D business of lotus group worked as a separate enterprise since. By the end of January 2023, Geely and lotus Tech had signed the option of putting the Geel's 51% in Lotus UK's interests of equality. From April 14, 2025, Geel decided to put the exercise, who needed Lotus technology to buy a lot of stake, aimed at doing this year.
Lotus Tech ($ lot) to buy a business back from Geely
Lotus Technology Inc. ($ Lot) issued a news release today that describes the Geel's announcement to put the option. The company explained its purpose of purchasing 51% of Lotus vehicles and reset the R & D, engineering, and construction under one product.
The purchase of the benefit of the Equity of Lotus Cars will be non-monetary transactions based on the amounts approved between Lotus Tech and Geel, ie, the option that plays 2023. Lotus Tech Qingfeng Feng deals with News:
This is found to comment on our milestone tracts to integrate all businesses under the Lotus product, which will strengthen product balance, which will strengthen our product flexibility and improve our effective fluctuations and internal syncies. We are confident that transactions will create a large amount of time for shareholders.
Mr Fing is likely to paint a picture of rosier than what is happening. It will be beneficial to re-control over the top of the Lotus UK and Lotus Engineering to include financially and submit business functions. However, the exercise option has never promoted stories.
Geely is always the most effective auto compcome and the key piece after most leading technology from EV throughout Marque, especially in China. The fact that being so copied in engineering and evivision left the corner of the supules relating to the idea of the Vekeran UK product development, at least about the development of the Bev.
Lotus Tech … or Lotus cars? All right, let's call the company lotus now. Whatever the name, Lotus will continue without Geely but still support from the consumer-based company Latterton following the SPAC merge has been completed last year.
The reinstatement of all businesses in Lotus is expected to be completed this year. According to the company's representative, it is now in the dark time, so they could not comment for more until the Lotus offers its Q4 / Eyay will donate a detailed financial residence and which programs will move without sunday. Hopefully those plans are still installing extra betsy!
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