Lotus Technology to Acquire 51% Equity Interest of Lotus Advance Technologies and Integrate All Business under Lotus Brand
1. Geely exercised a put option for LOT to acquire 51% of Lotus UK. 2. Acquisition enables full control of Lotus UK and integration into Lotus brand. 3. Transaction aims to strengthen brand equity and operational synergies. 4. Completion expected by 2025, pending regulatory approvals. 5. The deal could create substantial long-term value for shareholders.