Sports car maker Lotus explores IPO options to fund global expansion
Sports car brand Lotus is exploring a stock market listing within two years to help fund a major international expansion and investment in electric vehicles.
The Lotus Group, which is majority owned by China’s Geely, has now begun exploring a listing of the lifestyle business, with the aim of raising capital to help it meet growth targets of a 100-fold rise in sales over the next six years, said one of the company’s most senior executives.
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