Lotus Electric GT Emeya To Go Into Production Next Year
Portfolio Pulse from Anan Ashraf
Lotus Technology, a British automaker, has unveiled its first electric hyper-GT vehicle, Emeya, which is expected to go into production in 2024. This is part of Lotus's plan to launch four new electric models over the next five years. Lotus is also planning a merger with L Catterton Asia Acquisition Corp (NASDAQ:LCAA) and is expected to become a public company with a pro forma enterprise value of $5.6 billion. Geely Automobile Holdings Ltd (OTCPK: GELYF) is the majority shareholder of Lotus.
September 08, 2023 | 12:22 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Geely Automobile Holdings Ltd (OTCPK: GELYF) is the majority shareholder of Lotus Technology, which is planning to launch new electric models and merge with L Catterton Asia Acquisition Corp.
As the majority shareholder of Lotus Technology, Geely Automobile Holdings could potentially benefit from the company's new electric models and planned merger, which could increase its stock price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
L Catterton Asia Acquisition Corp (NASDAQ:LCAA) is planning a merger with Lotus Technology, which is expected to increase its enterprise value to $5.6 billion.
The merger with Lotus Technology is expected to increase LCAA's enterprise value, which could potentially attract more investors and increase its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80