Lotus seeks to win a new race: the Nasdaq stock exchange.
Lotus has long been known as one of the world’s favorite purveyors of nimble and athletic sports cars, with lightweight construction, head-turning design, and a storied racing legacy, but the past few years have seen Lotus transform in an incredible way. The introduction of the Evija, its incredibly powerful and first all-electric hypercar, the Emira, its final combustion engine sports car, the Eletre, its first electric luxury performance SUV, and the Emeya, its new electric four-door GT, Lotus has revolutionized its presence as a manufacturer and looks forward to a new, transformed era.
However, the latest step that Lotus has taken is one of the most noteworthy in its renaissance, as Lotus Technology Inc. has officially been listed on the Nasdaq stock exchange under the ticker symbol LOT. The move serves to underscore Lotus’s efforts to become a purveyor of electric luxury performance mobility with cutting edge intelligence and technology under the brand’s Vision80 strategy, but it also highlights Lotus’s new and magnified presence in the automotive industry.
Right before entering the Nasdaq, Lotus Technology combined with L Catterton Asia Acquisition Corp, an acquisition company made by affiliates of L Catterton, a global investment firm, which is anticipated to also prove strategically beneficial to Lotus as the acquisition company boasts a strategic relationship with LVMH, one of the most respected and established names in the luxury industry. With new and exciting business moves being made, Lotus is proud to enter a new era being on Nasdaq.
