Lotus Technology to Acquire 100% Equity Interest of Lotus Advance Technologies and Integrate All Business and Operations under Lotus Brand
Lotus Technology (NASDAQ:LOT) has announced a significant strategic acquisition where it will obtain 100% equity interest in Lotus Advance Technologies Sdn Bhd (Lotus UK) through non-cash transactions. This follows put option exercises by both Etika Automotive Sdn Bhd (49% stake) on June 30, 2025, and previously by Geely International Hong Kong (51% stake) on April 14, 2025.
The transaction will be executed based on pre-agreed prices, with Lotus Tech issuing new shares valued at $10 per share as consideration. Lotus UK's valuation is set at 1.15x revenue plus cash minus debt, based on LGIL's 2024 audited financials. The acquisition was triggered after meeting the condition of Lotus UK exceeding 5,000 vehicle sales in 2024.
Upon completion expected by 2025, Lotus Tech will gain full control over Lotus UK's operations, including its sportscar and hypercar manufacturing division, as well as Lotus Engineering's consultancy services to OEMs and Tier 1 suppliers globally. The deal is subject to regulatory approvals.
Lotus Technology (NASDAQ:LOT) ha annunciato un'importante acquisizione strategica con cui acquisirà il 100% delle quote di Lotus Advance Technologies Sdn Bhd (Lotus UK) tramite transazioni non in contanti. Questa operazione segue l'esercizio delle opzioni put da parte di Etika Automotive Sdn Bhd (49% delle azioni) il 30 giugno 2025 e, in precedenza, di Geely International Hong Kong (51% delle azioni) il 14 aprile 2025.
La transazione sarà eseguita a prezzi predefiniti, con Lotus Tech che emetterà nuove azioni valutate a 10 dollari per azione come corrispettivo. La valutazione di Lotus UK è fissata a 1,15 volte i ricavi più liquidità meno debiti, basata sui bilanci certificati del 2024 di LGIL. L'acquisizione è stata avviata dopo il raggiungimento della condizione che Lotus UK superasse le 5.000 vendite di veicoli nel 2024.
Al completamento previsto entro il 2025, Lotus Tech acquisirà il pieno controllo delle operazioni di Lotus UK, inclusa la divisione di produzione di auto sportive e hypercar, oltre ai servizi di consulenza di Lotus Engineering rivolti a OEM e fornitori Tier 1 a livello globale. L'accordo è soggetto a approvazioni regolamentari.
Lotus Technology (NASDAQ:LOT) ha anunciado una importante adquisición estratégica mediante la cual obtendrá el 100% de la participación accionaria en Lotus Advance Technologies Sdn Bhd (Lotus UK) a través de transacciones no monetarias. Esto sigue al ejercicio de opciones put por parte de Etika Automotive Sdn Bhd (49% de participación) el 30 de junio de 2025 y anteriormente por Geely International Hong Kong (51% de participación) el 14 de abril de 2025.
La transacción se ejecutará según precios preacordados, con Lotus Tech emitiendo nuevas acciones valoradas en 10 dólares por acción como contraprestación. La valoración de Lotus UK está establecida en 1,15 veces los ingresos más efectivo menos deuda, basada en los estados financieros auditados de LGIL de 2024. La adquisición se activó tras cumplirse la condición de que Lotus UK superara las 5.000 ventas de vehículos en 2024.
Una vez completada, prevista para 2025, Lotus Tech obtendrá el control total de las operaciones de Lotus UK, incluida su división de fabricación de autos deportivos e hiperdeportivos, así como los servicios de consultoría de Lotus Engineering para OEM y proveedores Tier 1 a nivel mundial. El acuerdo está sujeto a aprobaciones regulatorias.
Lotus Technology (NASDAQ:LOT)는 비현금 거래를 통해 Lotus Advance Technologies Sdn Bhd(Lotus UK)의 지분 100%를 인수하는 중요한 전략적 인수를 발표했습니다. 이는 2025년 6월 30일 Etika Automotive Sdn Bhd(49% 지분)와 2025년 4월 14일 Geely International Hong Kong(51% 지분)이 풋옵션을 행사한 데 따른 것입니다.
이번 거래는 사전에 합의된 가격을 기준으로 진행되며, Lotus Tech는 보상으로 주당 10달러 가치의 신주를 발행할 예정입니다. Lotus UK의 평가는 LGIL의 2024년 감사 재무제표를 기준으로 매출의 1.15배에 현금에서 부채를 차감한 금액으로 책정되었습니다. 이번 인수는 Lotus UK가 2024년에 5,000대 이상의 차량 판매를 달성한 조건을 충족한 후 촉발되었습니다.
2025년 완료 예정인 이번 인수로 Lotus Tech는 Lotus UK의 스포츠카 및 하이퍼카 제조 부문과 전 세계 OEM 및 Tier 1 공급업체에 대한 Lotus Engineering의 컨설팅 서비스를 포함한 운영 전반에 대한 완전한 통제권을 확보하게 됩니다. 거래는 규제 당국의 승인 대상입니다.
Lotus Technology (NASDAQ:LOT) a annoncé une acquisition stratégique majeure par laquelle elle obtiendra 100 % des parts de Lotus Advance Technologies Sdn Bhd (Lotus UK) via des transactions non monétaires. Cette opération fait suite à l'exercice des options de vente par Etika Automotive Sdn Bhd (49 % des parts) le 30 juin 2025, et auparavant par Geely International Hong Kong (51 % des parts) le 14 avril 2025.
La transaction sera réalisée selon des prix préalablement convenus, Lotus Tech émettant de nouvelles actions évaluées à 10 dollars par action en contrepartie. La valorisation de Lotus UK est fixée à 1,15 fois le chiffre d'affaires plus la trésorerie moins la dette, basée sur les états financiers audités de LGIL en 2024. L'acquisition a été déclenchée après que Lotus UK a dépassé la condition de 5 000 ventes de véhicules en 2024.
Une fois finalisée, prévue pour 2025, Lotus Tech prendra le contrôle total des opérations de Lotus UK, incluant sa division de fabrication de voitures de sport et hypercars, ainsi que les services de conseil de Lotus Engineering auprès des OEM et fournisseurs de rang 1 à l'échelle mondiale. L'accord est soumis à l'approbation des autorités réglementaires.
Lotus Technology (NASDAQ:LOT) hat eine bedeutende strategische Übernahme angekündigt, bei der 100 % der Anteile an Lotus Advance Technologies Sdn Bhd (Lotus UK) durch nicht-monetäre Transaktionen erworben werden. Dies folgt auf die Ausübung von Put-Optionen durch Etika Automotive Sdn Bhd (49 % Anteil) am 30. Juni 2025 sowie zuvor durch Geely International Hong Kong (51 % Anteil) am 14. April 2025.
Die Transaktion wird auf Basis vorab vereinbarter Preise durchgeführt, wobei Lotus Tech neue Aktien im Wert von 10 USD pro Aktie als Gegenleistung ausgibt. Die Bewertung von Lotus UK basiert auf den geprüften Finanzzahlen von LGIL für 2024 und beträgt 1,15-fache Einnahmen zuzüglich Barmittel abzüglich Schulden. Die Übernahme wurde ausgelöst, nachdem die Bedingung erfüllt wurde, dass Lotus UK im Jahr 2024 über 5.000 Fahrzeugverkäufe erzielt hat.
Nach dem voraussichtlichen Abschluss im Jahr 2025 wird Lotus Tech die volle Kontrolle über die Aktivitäten von Lotus UK übernehmen, einschließlich der Sparte für Sportwagen und Hypercars sowie die Beratungsdienste von Lotus Engineering für OEMs und Tier-1-Zulieferer weltweit. Die Transaktion steht unter dem Vorbehalt behördlicher Genehmigungen.
- None.
- Potential share dilution due to new share issuance at $10 per share
- Transaction subject to regulatory approval risks
- Additional debt obligations from Lotus UK's liabilities will be consolidated
Insights
Lotus Tech's acquisition of Lotus UK consolidates the brand, adds sportscar manufacturing and engineering consulting to their portfolio.
Lotus Technology is executing a strategic consolidation by acquiring the remaining 100% equity interest in Lotus Advance Technologies (Lotus UK), following put option exercises by both Etika Automotive (49% stake) and Geely International (51% stake). This non-cash transaction will be completed through share issuance valued at $10 per share based on a pre-agreed formula of 1.15x Lotus UK's 2024 revenue (plus cash minus debt).
This acquisition represents a significant strategic evolution for Lotus Tech, as it integrates two complementary business units under one corporate umbrella: Lotus UK's traditional high-performance sportscar and hypercar manufacturing operations, plus Lotus Engineering's consultancy services which generates revenue from OEMs and Tier 1 suppliers globally.
The transaction was triggered after Lotus UK exceeded the threshold of 5,000 vehicles sold in 2024, satisfying the pre-established condition for the put options. This sales achievement signals improving operational performance at Lotus UK, potentially adding meaningful revenue to Lotus Tech's consolidated results.
From a financial perspective, this consolidation creates a vertically integrated luxury mobility company with diversified revenue streams - from mass-market premium electric vehicles (Lotus Tech's existing business) to ultra-high-end sportscars and engineering services. The non-cash nature of the transaction preserves Lotus Tech's liquidity while the consolidation should drive operational efficiencies and potential cost synergies across the unified Lotus brand ecosystem.
NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, today announced that Etika Automotive Sdn Bhd (“Etika”) exercised its put option on June 30, 2025, requiring us to purchase
Lotus UK is currently owned by Geely International (Hong Kong) Limited (“Geely HK”) and Etika. As announced on April 14, 2025, Geely HK exercised a similar put option granted to it by the Company. With Etika having exercised its put option, the Company is expected to acquire
Lotus UK controls the manufacturing operations of Lotus’ sportscars and hyper cars, and Lotus Engineering which provides comprehensive consultancy services to many of the OEMs and Tier 1 suppliers around the world.
The acquisition is expected to be completed by 2025, subject to potential regulatory approvals.
In conjunction with the business combination between the Company and L Catterton Asia Acquisition Corp, a special purpose acquisition company affiliated with L Catterton, a leading global consumer-focused investment firm, the Company and Lotus UK entered into a Put Option Agreement with each of Geely HK and Etika. Pursuant to these agreements, each of Geely HK and Etika was granted the right to require the Company to acquire its equity interest in Lotus UK at a pre-agreed pricing method1 and upon satisfaction of the condition (“Put Option Exercise Condition”) that the total number of vehicles sold by Lotus UK and its subsidiaries shall exceed 5,000 in 2024, with the exercise of such options by Geely HK and Etika not cross-conditioned on one another. As of December 31, 2024, the Put Option Exercise Condition had been satisfied.
Note 1: Pursuant to the agreement, the Company will issue new shares valued at
About Lotus Technology Inc.
Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle battery electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalisation and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com.
Forward-Looking Statements
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Tech undertakes no obligation to update any forward-looking statement, except as required under applicable law.
Contact Information
For investor inquiries
ir@group-lotus.com
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