{"id":96064,"date":"2024-02-23T05:46:53","date_gmt":"2024-02-23T05:46:53","guid":{"rendered":"https:\/\/www.carscoops.com\/?p=2949222"},"modified":"2024-02-23T05:46:53","modified_gmt":"2024-02-23T05:46:53","slug":"lotus-tech-is-going-public-today-at-a-5-5-billion-valuation","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2024\/02\/23\/lotus-tech-is-going-public-today-at-a-5-5-billion-valuation\/","title":{"rendered":"Lotus Tech Is Going Public Today At A $5.5 Billion Valuation"},"content":{"rendered":"<div><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/02\/Lotus-IPO-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\" style=\"margin-bottom: 15px;\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/02\/Lotus-IPO-1024x576.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/02\/Lotus-IPO-400x225.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/02\/Lotus-IPO-768x432.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/02\/Lotus-IPO-1536x864.jpg 1536w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/02\/Lotus-IPO-2048x1152.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/div>\n<p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<html><body><\/p>\n<p>Lotus Technology and L Catterton Asia Acquisition Corp have finalized their merger and the all-electric car manufacturer will commence trading on the Nasdaq under the ticker symbol &lsquo;LOT&rsquo; on February 23, 2024.<\/p>\n<p><!--  [Mobile]med_rect_atf --><\/p>\n<div data-pw-mobi=\"med_rect_atf\" id=\"pwMobiMedRectAtf\"><\/div>\n<p><script type=\"text\/javascript\">\n  window.ramp.que.push(function () {\n      window.ramp.addTag(\"pwMobiMedRectAtf\");\n  })\n<\/script><\/p>\n<p>The public listing will value the company at approximately $5.5 billion and comes despite ongoing uncertainty with EVs across much of the industry. Renault recently <a href=\"https:\/\/www.carscoops.com\/2024\/01\/renault-pulls-the-plug-on-amperes-ipo\/\">canceled plans for an IPO<\/a> of its Ampere division and Volvo revealed it will stop funding Polestar after what has proven to be a tumultuous life on the public market for the EV startup.<\/p>\n<p><a href=\"https:\/\/www.carscoops.com\/tag\/lotus\/\">Lotus<\/a> has raised more than $880 million in pre-closing and private investment from global investors, existing shareholders, and strategic partners since it first announced its planned merger with the special purpose acquisition company (SPAC).<\/p>\n<div class='in-asd-content'>\n<h6>advertisement scroll to continue<\/h6>\n<div data-pw-desk='med_rect_atf' id='pwDeskMedRectAtf'><\/div>\n<p><script type='text\/javascript'>\n  window.ramp.que.push(function () {\n      window.ramp.addTag('pwDeskMedRectAtf');\n  })\n<\/script>\n<\/div>\n<p><!--  [Mobile]med_rect_btf --><\/p>\n<div data-pw-mobi=\"med_rect_btf\" id=\"pwMobiMedRectBtf1\"><\/div>\n<p><script type=\"text\/javascript\">\n  window.ramp.que.push(function () {\n      window.ramp.addTag(\"pwMobiMedRectBtf1\");\n  })\n<\/script><\/p>\n<p>        <a href=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/06\/Lotus-Eletre-32.jpg\" data-type=\"inarticle-image-block\"> <\/p>\n<figure class=\"wp-block-image size-large\">\n                <picture><source type=\"image\/webp\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/06\/Lotus-Eletre-32.webp 1920w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/06\/Lotus-Eletre-32-400x192.webp 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/06\/Lotus-Eletre-32-1024x492.webp 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/06\/Lotus-Eletre-32-768x369.webp 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/06\/Lotus-Eletre-32-1536x738.webp 1536w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\"><\/source><img decoding=\"async\" class=\"lazy \" src=\"\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/06\/Lotus-Eletre-32.jpg 1920w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/06\/Lotus-Eletre-32-400x192.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/06\/Lotus-Eletre-32-1024x492.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/06\/Lotus-Eletre-32-768x369.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/06\/Lotus-Eletre-32-1536x738.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\" alt=\" Lotus Tech Is Going Public Today At A $5.5 Billion Valuation\" data-src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/06\/Lotus-Eletre-32-1024x492.jpg\" data-type=\"inarticle-image\">\n                <\/picture>\n            <\/figure>\n<p>        <\/a>  <\/p>\n<p>&ldquo;We are thrilled to announce our upcoming debut on the Nasdaq as we complete our business combination with LCAA,&rdquo; Lotus Tech chief executive Qingfeng Feng said. &ldquo;This is a pivotal moment in our journey. We look forward to accelerating our growth as a listed company, leading the electric transformation of the global luxury BEV market together with L Catterton.&rdquo;<\/p>\n<p><strong>Read: <a href=\"https:\/\/www.carscoops.com\/2024\/02\/lotus-finishes-three-year-testing-and-development-of-the-emeya-electric-sedan\/\">Lotus Finishes 3-Year Testing And Development Of The Emeya EV<\/a><\/strong><\/p>\n<p>Lotus Tech is the company behind the <a href=\"https:\/\/www.carscoops.com\/tag\/lotus-eletre\/\">all-electric Eletre SUV<\/a> and the Emeya sedan, both underpinned by an 800-volt architecture. Lotus Cars is currently building the combustion-powered Emira but it will ultimately be replaced by an all-electric sports car due to arrive in 2027. This new model, <a href=\"https:\/\/www.carscoops.com\/2024\/02\/all-electric-lotus-sports-car-coming-in-2027-to-retire-emira\/\">known as the Type 135<\/a>, will have the same Lightweight Electric Vehicle Architecture (LEVA) as the successor to the Alpine A110 and could have its battery pack mounted behind the front seats. Both single- and dual-motor configurations are expected with power ranging from 469 hp up to 872 hp.<\/p>\n<div id=\"taboola-mid-article\"><\/div>\n<p><script type=\"text\/javascript\">\n  window._taboola = window._taboola || [];\n  _taboola.push({\n    mode: 'thumbnails-a-mid',\n    container: 'taboola-mid-article',\n    placement: 'Mid Article',\n    target_type: 'mix'\n  });\n<\/script><\/p>\n<div id=\"taboola-mid-article-thumbnails-organic\"><\/div>\n<p><script type=\"text\/javascript\">\n  window._taboola = window._taboola || [];\n  _taboola.push({\n    mode: 'thumbnails-oc-2x1',\n    container: 'taboola-mid-article-thumbnails-organic',\n    placement: 'Mid Article Thumbnails Organic',\n    target_type: 'mix'\n  });\n<\/script><\/p>\n<p>The car manufacturer intends to have a 100% electric product portfolio by 2027.<\/p>\n<p>        <a href=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/02\/Lotus-Emeya-a.jpg\" data-type=\"inarticle-image-block\"> <\/p>\n<figure class=\"wp-block-image size-large\">\n                <picture><source type=\"image\/webp\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/02\/Lotus-Emeya-a.webp 2560w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/02\/Lotus-Emeya-a-400x225.webp 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/02\/Lotus-Emeya-a-1024x576.webp 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/02\/Lotus-Emeya-a-768x432.webp 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/02\/Lotus-Emeya-a-1536x864.webp 1536w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/02\/Lotus-Emeya-a-2048x1152.webp 2048w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\"><\/source><img decoding=\"async\" class=\"lazy \" src=\"\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/02\/Lotus-Emeya-a.jpg 2560w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/02\/Lotus-Emeya-a-400x225.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/02\/Lotus-Emeya-a-1024x576.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/02\/Lotus-Emeya-a-768x432.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/02\/Lotus-Emeya-a-1536x864.jpg 1536w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/02\/Lotus-Emeya-a-2048x1152.jpg 2048w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\" alt=\" Lotus Tech Is Going Public Today At A $5.5 Billion Valuation\" data-src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/02\/Lotus-Emeya-a-1024x576.jpg\" data-type=\"inarticle-image\">\n                <\/picture>\n            <\/figure>\n<p>        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Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training. \r\n<br><br>Contact us right away. <br><br>Email (Prefer using email to contact us): <br>SalesExecutive@ITSec.vip<\/p>","protected":false},"excerpt":{"rendered":"<div><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/02\/Lotus-IPO-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\"><\/div>\n<p>The all-electric division of the beloved car manufacturer is also working on a compelling new sports car<\/p>\n","protected":false},"author":346,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[3267,6165],"tags":[61,122,127,129,124,128,125,132,131,133,126,130,123,66,94,88,97,56,64,65,60,3344,3351,3357,3360,3335,3340,3362,112,3353,40,75,95,3350,3352,3356,3343,3359,3339,3345,3334,3341,104,3354,33,120,3358,3349,3337,3348,105,101,98,115,30,29,41,86,3342,3361,70,69,68,72,71,26,118,108,87,3355,46,55,48,52,54,51,50,83,3338,62,58,57,3336,109,35,3346,59,63,85,79,82,96,80,27,81,114,44,42,43,45,38,39,110,117,100,111,116,3300,73,89,90,92,91,93,84,78,37,102,34,36,77,67,74,99,113,3347,119,28,121,32,47,49,53,103,31,76],"class_list":["post-96064","post","type-post","status-publish","format-standard","hentry","category-car-or-automobile","category-news","tag-airpods","tag-anime","tag-anime-characters","tag-anime-cosplay","tag-anime-edits","tag-anime-merchandise","tag-anime-movies","tag-anime-news","tag-anime-recommendations","tag-anime-reviews","tag-anime-series","tag-anime-streaming","tag-animes","tag-app-store","tag-app-store-samsung","tag-appgallery","tag-appgallery-oneplus","tag-apple","tag-apple-music","tag-apple-tv","tag-apple-watch","tag-auto-financing-guide","tag-automobile-industry-news","tag-automobile-laws-and-regulations","tag-automobile-shows-and-expos","tag-automobile-specifications","tag-automobile-technology","tag-autonomous-vehicles","tag-bbc-sport","tag-best-cars-for-long-drives","tag-best-mobile-games","tag-bixby","tag-bixby-xiaomi","tag-car-accessories","tag-car-comparison","tag-car-customization-ideas","tag-car-insurance-advice","tag-car-interior-design-ideas","tag-car-maintenance-tips","tag-car-resale-value","tag-car-reviews","tag-car-safety-features","tag-champions-league","tag-city-cars","tag-cyberpunk","tag-cyberpunk-2077","tag-driving-tips-and-tricks","tag-eco-friendly-cars","tag-electric-vehicles","tag-family-cars","tag-fantasy-football","tag-fifa","tag-football","tag-formula-1","tag-fortnite","tag-free-fire","tag-free-mobile-games","tag-freebuds-pro","tag-fuel-efficiency-tips","tag-future-of-automobiles","tag-galaxy-a52","tag-galaxy-note-20","tag-galaxy-s21","tag-galaxy-watch-4","tag-galaxy-z-fold-3","tag-game","tag-games","tag-golf","tag-harmonyos","tag-highway-cars","tag-how-to-backup-iphone","tag-how-to-factory-reset-iphone","tag-how-to-reset-iphone","tag-how-to-restore-iphone","tag-how-to-unlock-iphone","tag-how-to-unlock-iphone-5","tag-how-to-unlock-iphone-6","tag-huawei","tag-hybrid-cars","tag-ios","tag-ipad","tag-iphone","tag-latest-car-models","tag-live-soccer","tag-lol","tag-luxury-cars","tag-macbook","tag-macos","tag-mate-40-pro","tag-mi-11-lite","tag-mi-home-security-camera-basic-1080p","tag-mi-home-security-camera-basic-1080p-huawei","tag-mi-smart-band-6","tag-minecraft","tag-miui","tag-mlb-scores","tag-mobile-game-design","tag-mobile-game-development","tag-mobile-game-marketing","tag-mobile-game-monetization","tag-mobile-games","tag-mobile-gaming","tag-nba-scores","tag-nba-standings","tag-nfl","tag-nfl-scores","tag-nhl-scores","tag-off-road-vehicles","tag-one-ui","tag-oneplus","tag-oneplus-9-pro","tag-oneplus-buds-pro","tag-oneplus-nord-ce-5g","tag-oxygenos","tag-p40-pro-plus","tag-poco-x3-pro","tag-pokemon","tag-premier-league","tag-pubg","tag-pubg-mobile","tag-redmi-note-10-pro","tag-samsung","tag-samsung-pay","tag-soccer","tag-sports","tag-sports-cars","tag-steam","tag-steeam","tag-top-10-anime","tag-valorant","tag-when-do-the-iphone-7-come-out","tag-when-does-the-iphone-7-come-out","tag-when-is-the-iphone-7-coming-out","tag-world-cup","tag-xbox-series-x","tag-xiaomi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/96064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/users\/346"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=96064"}],"version-history":[{"count":1,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/96064\/revisions"}],"predecessor-version":[{"id":96065,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/96064\/revisions\/96065"}],"wp:attachment"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