Lotus Technology to Acquire 51% Equity Interest of Lotus Advance Technologies and Integrate All Business under Lotus Brand
1. Geely exercised its put option to sell 51% of Lotus UK. 2. The acquisition enhances Lotus Tech's operational control and brand integration. 3. The integration is expected to create long-term shareholder value. 4. Lotus UK’s valuation is based on revenue multiples from 2024 financials. 5. Completion of the acquisition depends on regulatory approvals.