Lotus Cars

Lotus Group
Company typePublic
NasdaqLOT
IndustryAutomotive
Founded1948 (1948)
FounderColin Chapman
Headquarters,
Area served
Worldwide
Key people
  • Qingfeng Feng (CEO)
  • Alexious Lee (CFO)
  • Mike Johnstone (CCO)
ProductsAutomobiles
Production output
Increase 6,970 units[1] (2023)
RevenueIncrease $679 million[1] (2023)
Number of employees
1,385 (2021)[2]
ParentGeely Holding (51%)
Etika Automotive (49%)
Websitelotuscars.com

Lotus Group (also known as Lotus Cars, and trading as Lotus NYO in China[3]) is a British multinational automotive manufacturer of luxury sports cars and electric vehicles.

Lotus Group is composed of three primary entities. Lotus Cars, a high-performance sports car company, is based in Hethel, Norfolk. Lotus Tech, an all-electric lifestyle vehicle company, headquartered in Wuhan, China, and operates regional facilities in the United Kingdom, the Netherlands, and Germany.[4] Additionally, Lotus Engineering, an engineering consultancy firm, is headquartered at the Lotus Advanced Technology Centre (LATC) located at the University of Warwick's Wellesbourne Campus.[5]

Lotus was founded and owned for many years by Colin Chapman. After his death and a period of financial instability, it was bought by General Motors, then Romano Artioli and then DRB-HICOM through its subsidiary Proton, which owned Lotus from 1996 to 2017. Lotus is currently majority-owned by Chinese multinational Geely.[6]

Lotus was previously involved in Formula One racing, via Team Lotus, winning the Formula One World Championship seven times. Notable Lotus cars include the Lotus Seven, the Elan, the Esprit and the Elise.

  1. ^ a b "Lotus Technology Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results". media.lotuscars.com. Lotus Cars Media Site. Retrieved 13 April 2024.
  2. ^ Lotus Cars Ltd. Annual Report and Financial Statements for the year ended 31 December 2021.
  3. ^ "Why Lotus has a different name in China". All cars news. 18 January 2023. Retrieved 4 October 2023.
  4. ^ "About Lotus - Lotus Cars Media Site". media.lotuscars.com. Retrieved 28 September 2023.
  5. ^ "The Lotus Advanced Technology Centre at Wellesbourne". warwick.ac.uk. Retrieved 2 October 2023.
  6. ^ "Lotus sold to Geely, Syed Mokhtar's Etika for £100m". The Edge Malaysia. Retrieved 1 September 2023.

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