L Catterton Asia Acquisition Merger Partner Lotus Technology Announced Earlier Sunday, Lotus Robotics Designated by Leading Automakers to License its Intelligent Driving Solutions
Portfolio Pulse from Charles Gross
Lotus Technology Inc., a global luxury electric vehicle maker, announced that its subsidiary, Lotus Robotics, has been selected to license its intelligent driving technology and software to several leading automakers. This move is expected to boost Lotus Tech's technology-related revenues as part of its Vision80 business transformation strategy.
September 10, 2023 | 3:11 pm
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L Catterton Asia Acquisition Corp, the merger partner of Lotus Technology, may see a positive impact on its stock price due to the potential increase in Lotus Tech's technology-related revenues.
The news of Lotus Tech licensing its technology to leading automakers is likely to increase its revenues, which in turn could positively impact the stock price of its merger partner, L Catterton Asia Acquisition Corp (LCAA).
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