L Catterton Asia Acquisition Corporation Price & Performance (LCAAW)

Lotus Technology is acquiring a 51% stake in Lotus UK from Geely, consolidating control over its sportscar and engineering units. The all-stock deal, with shares issued at $10 each, aims to unify operations under the Lotus brand. The transaction, pending regulatory approval, is expected to close in 2025.123

Lotus Technology’s majority purchase of Lotus UK follows Geely’s exercise of a put option after surpassing 5,000 vehicle sales in 2024. The move allows Lotus to integrate manufacturing and consultancy services, aiming for operational efficiency and improved margins. The acquisition’s completion hinges on regulatory clearance.456

Alongside its major acquisition, Lotus Technology has appointed Daxue Wang as CFO and Catherine Cai as independent director, reinforcing its leadership team. These appointments, combined with the Lotus UK deal, signal a renewed focus on financial management and strategic growth in the luxury electric vehicle sector.73