- Lotus Technology (LOT, Financial) to acquire 100% of Lotus Advance Technologies through non-cash transactions by 2025.
- Acquisition triggered after Lotus UK reported over 5,000 vehicle sales in 2024, enhancing operational performance.
- Expected full control over sportscar and hypercar manufacturing and consultancy operations by Lotus Engineering.
Lotus Technology (LOT), a leading luxury mobility provider, has announced a strategic acquisition to obtain 100% equity interest in Lotus Advance Technologies Sdn Bhd (Lotus UK). The acquisition will be executed through non-cash transactions, with Lotus Tech issuing new shares valued at $10 per share.
This significant move follows the exercise of put options by Etika Automotive Sdn Bhd, possessing a 49% stake, and Geely International Hong Kong, holding a 51% stake, earlier in 2025. The transaction is based on a pre-agreed valuation method of 1.15 times Lotus UK's 2024 revenue, plus cash minus debt.
The acquisition is expected to conclude by 2025, subject to regulatory approval. Once completed, Lotus Tech will integrate all business operations under the Lotus brand, encompassing sportscar and hypercar manufacturing along with Lotus Engineering’s consultancy services for OEMs and Tier 1 suppliers globally.
The trigger for this acquisition was Lotus UK's achievement of over 5,000 vehicle sales in 2024, reflecting a substantial improvement in the company’s operational performance. This strategic consolidation is anticipated to enhance Lotus Tech's diversified revenue streams and operational efficiencies across their luxury automotive portfolio.
