Lotus to float new EV division on stock market

Apologies if this has already been discussed. The article is from February 2022. I was thinking that in these uncertain economic times where would be a good place to invest. A luxury company that has already spent a huge amount bolstering their infrastructure sounds very tempting to me.


Lotus to float new EV division on stock market

Also curiously it has an artists impression of a 4 door 2+2 emira!

 

[robrmon]

 

[Porter]

So annoying, Yahoo. He's the CFO, not the CEO.

 

[robrmon]

So annoying, Yahoo. He's the CFO, not the CEO.

Agreed

I also find it odd the strategy includes LVMH.
It’s also weird the promotional videos included the Evora GT and Exige and not the current models.

I’m not surprised he didn’t share the US Eletre sales numbers…

 

[dgrace]

Agreed

I also find it odd the strategy includes LVMH.
It’s also weird the promotional videos included the Evora GT and Exige and not the current models.

I’m not surprised he didn’t share the US Eletre sales numbers…

The Eletre is also conspicuously absent from the CARB EO list.

 

[Tokion]

So annoying, Yahoo. He's the CFO, not the CEO.

At least he was properly identified as CFO in the video.

Geely's IPO of Polestar on the Nasdaq this week
https://www.marketwatch.com/investing/stock/psny

and they're actually selling very good EVs, you know ones you can buy and drive.

i personally think that a ‘Lotusified’ version of the new Volvo EX-30 (with proper dials - analog looking digital ones like those in the recent Caterham prototype).in the hottest rear-wheel drive (only) version, and also lightened as much as possible. It should be re-engineered and suitably re-styled to become the entry Lotus utility vehicle. The EX-30 already seem to have a ‘fun-to-drive’ personality, and it isn’t a humongous, inefficient SUV like ‘you know what’.

Very ideallly a Lotus-version should have had two separate ‘in-the-wheel’ motors at the rear wheels only, and a sophisticated traction control system that functions as an advanced LSD. Front wheels should be untouched with an Emira-fashioned arrangement for sophisticated steering.

I certainly think that if Geely/Lotus could have pulled such a car out of ‘their hat’ - then Lotus aficionado would embrace the car, and great sales figures may follow.

Wishful thinking, I know.

Unfortunately the Achilles heel of the EX-30 is the Tesla style single placement “iPad” screen that controls everything, and even contains the speedometer, and all controls for the car must be done by touch & tap on this ‘Pad’. There is so much goodness in the overall car design, but this terrible driver’s interface destroys the overall experience.

 

[Logoman]

#ForTheShareholders

 

[Lotustoronto]

Lotus announced sales; only 2,600 Emira's sold world wide in 2023??

https://ir.group-lotus.com/news-releases/news-release-details/lotus-technology-reports-unaudited-fourth-quarter-and-full-year

 

[Time2Fly]

Lotus announced sales; only 2,600 Emira's sold world wide in 2023??

https://ir.group-lotus.com/news-releases/news-release-details/lotus-technology-reports-unaudited-fourth-quarter-and-full-year

Well they'll triple that in the US in 24 if they can get the deliveries sorted out.

 

[virtualmacho]

Lotus announced sales; only 2,600 Emira's sold world wide in 2023??

It says "delivered", so maybe not that far off...
orders taken > = orders acknowledged > manufactured > shipped > delivered