Lotus – a British luxury car brand – started trading on Nasdaq on Feb 23, and a celebration was held simultaneously at its global intelligent workshop in the Wuhan Economic & Technological Development Zone (WEDZ), Wuhan, Central China's Hubei province.
Lotus was established in the United Kingdom in 1948, and it is one of the world's renowned luxury supercar brands. Geely Holding Group, led by Li Shufu, acquired Lotus in 2017.
A celebration for Lotus' listing on Feb 23. [Photo provided to en.whkfq.gov.cn]
In December 2020, Lotus was registered and began operation in WEDZ, setting up its global headquarters there to develop ultra-high-end pure electric intelligent vehicles for the global market. In accordance with the Vision 80 plan, the company aims to accelerate its transformation towards electrification and intelligence.
By the end of 2021, Lotus completed its Pre-A round of financing, with a valuation of 15 billion yuan ($2.09 billion), becoming the unicorn company with the fastest growth speed in Wuhan that year.
In 2022, Lotus' global intelligent factory was officially put into operation. In October of the same year, Lotus' first pure electric intelligent supercar SUV, ELETRE, was officially launched and delivered to users worldwide. In early January 2024, Lotus released its first pure electric supercar sedan EMEYA, and is set to deliver the first batch to owners in March of this year.
Lotus' listing is celebrated in New York, the United States, on Feb 23. [Photo provided to en.whkfq.gov.cn]
Lotus Global Headquarters Smart Manufacturing Center is located in Junshan New City, where it will establish the supply chain management, global marketing, and research and development design center for Lotus intelligent pure electric vehicles.
Watch the video above to capture the thrilling moment of Lotus' listing.
