Tesla Roadster, credited by some for launching the EV revolution, is turning 15 years old today. While we celebrate the original Roadster, there’s still no sign of the new version that Tesla promised. While the Tesla Roadster wasn’t exactly a successful vehicle program on its own, it did succeed in its goal to show that… Continue reading Tesla Roadster turns 15 years old today, still no sign of the new version
Tag: Lotus
Geely’s Lotus going public via SPAC at $5.4 billion valuation
Lotus Technology, the electric-car maker owned by China’s Zhejiang Geely Holding Group Co., agreed to merge with a blank-check company in a transaction that values the combined entity at about $5.4 billion. L Catterton Asia Acquisition Corp. will combine with the EV making subsidiary of the British carmaking group that Geely acquired back in 2017,… Continue reading Geely’s Lotus going public via SPAC at $5.4 billion valuation
Geely to float arm of carmaker Lotus via $5.4bn deal with LVMH vehicle
LONDON (Financial Times) — China’s Geely will list part of its sports car brand Lotus in the U.S. through a merger with a shell company that was founded by an LVMH-backed investment group in a deal that values the automaker at $5.4 billion. The merger announced on Tuesday will be between Lotus Technology, which has… Continue reading Geely to float arm of carmaker Lotus via $5.4bn deal with LVMH vehicle
EVs to get cheaper, Centre proposes customs duty exemption on batteries
Nirmal K. Minda, Chairman and Managing Director, Uno Minda Ltd, said that the announcement of Rs 35,000 crore fund to support green projects will give a massive boost towards India’s net-zero goals. New Delhi : The Central government on Wednesday said that to further provide impetus to green mobility, customs duty exemption is being extended… Continue reading EVs to get cheaper, Centre proposes customs duty exemption on batteries
Chinese owner of Lotus Technology to list a stake in US via blank cheque firm
Chinese owner of Lotus Technology to list a stake in US via blank cheque firm EV maker and R&D arm of car group owned by Geely planning to join Nasdaq in deal with Spac backed by Bernard Arnault The interior of the Lotus Eletre performance SUV electric car seen at the Brussels Expo in January… Continue reading Chinese owner of Lotus Technology to list a stake in US via blank cheque firm
Industry digest: Positive mindset key to business expansion
During a recent business conversation, a senior automotive executive was complaining about the difficulty of finding suitable recruits to support their company’s expansion. I suggested a different way of looking at the issue. What great news that the company is growing; now let’s find the right people. My point is that if you start with the… Continue reading Industry digest: Positive mindset key to business expansion
Sunrun taps startup to operate ‘power plants’ of its home solar systems
Sunrun has been pursuing VPPs as a means of leveraging the value of its customers’ 48,000 home battery systems. By Nichola Groom U.S. residential solar company Sunrun Inc has teamed up with startup Lunar Energy Inc to operate virtual power plants (VPPs) of home solar and storage systems, a step toward transforming its vast customer… Continue reading Sunrun taps startup to operate ‘power plants’ of its home solar systems
EV maker Lotus Tech plans U.S. IPO via deal with SPAC L Catterton
The valuation takes into account $288 million of cash in LCAA’s trust account. Lotus Technology will go public in the United States via a merger with special purpose acquisition company L Catterton Asia Acquisition Corp in a deal that will value the combined group at $5.4 billion, people familiar with the matter said on Tuesday.… Continue reading EV maker Lotus Tech plans U.S. IPO via deal with SPAC L Catterton
Geely to float arm of carmaker Lotus via $5.4bn deal with LVMH vehicle
What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well… Continue reading Geely to float arm of carmaker Lotus via $5.4bn deal with LVMH vehicle
EV maker Lotus Tech inks deal with L Catterton’s SPAC to go public in the USLotus Tech is the luxury arm of Group Lotus, owned by China’s Geely and Ma…
Lotus Tech on Tuesday said it has inked a deal with the special purpose acquisition company (SPAC) L Catterton Asia Acquisition Corp (LCAA), following which the Chinese luxury electric vehicle maker will list in the US. As per the deal, the merged entity will list on the Nasdaq and have an enterprise value of $5.4… Continue reading EV maker Lotus Tech inks deal with L Catterton’s SPAC to go public in the USLotus Tech is the luxury arm of Group Lotus, owned by China’s Geely and Ma…