On August 4, Lotus Technology Innovative Limited, a subsidiary of Lotus Technology Inc., granted a loan of up to GBP 80 million ($106 million) to Lotus Cars. The loan carries an interest rate of 8% per annum and is due for full repayment by December 31, 2025.
This financial support is part of ongoing strategies aimed at integrating and controlling Lotus UK’s manufacturing and engineering subsidiaries under Lotus Technology. Lotus Technology is also acquiring significant equity interests in Lotus UK, aiming for full integration of Lotus businesses to strengthen brand equity and operational flexibility.
