Lotus/Geely announced it's $1.2 billion production facility completed in Wuhan China

Sport and racing car manufacturer Lotus Cars announced it has officially completed its $1.2 billion production facility in Wuhan, China where several of the company’s future BEVs will be built. The first to arrive will be the Lotus Eletre, whose first unit rolled off the assembly line as part of its development toward actual production.

Lotus Cars currently exists as a segment of Group Lotus, which also includes Lotus Engineering and Lotus Tech. The entire group has been majority owned (51%) by Chinese multinational conglomerate Geely Holding Group Co., Ltd. since 2017.

In April of 2021, the Uk-based automaker announced it would produce electric vehicles only by 2028.

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Posted By: LeftSide, Jul 18, 19:31:15