Who owns Lotus today?
Lotus Cars, the iconic British sports car manufacturer known for its lightweight and high-performance vehicles, has undergone several ownership changes throughout its history. Today, the company is thriving under new leadership, which has brought fresh investments and a renewed focus on innovation and electrification.
Current Ownership of Lotus Cars
As of today, Lotus Cars is owned by Geely, a Chinese multinational automotive company, and Etika Automotive, a Malaysian investment group. Geely holds a majority stake in the company, having acquired 51% ownership in 2017, while Etika Automotive owns the remaining 49%.
Geely's Role in Lotus' Transformation
Geely, which also owns other prominent automotive brands such as Volvo and Polestar, has played a pivotal role in revitalizing Lotus. Since acquiring its stake, Geely has invested heavily in the brand, focusing on modernizing its facilities, expanding its product lineup, and transitioning towards electric vehicles. This strategic direction aligns with the global automotive industry's shift towards sustainability and innovation.
Key Developments Under Geely's Ownership
- Introduction of the Lotus Emira, the last internal combustion engine (ICE) sports car from the brand, showcasing cutting-edge design and performance.
- Launch of the Lotus Eletre, the company's first all-electric SUV, marking a significant step into the electric vehicle (EV) market.
- Expansion of manufacturing capabilities, including a new factory in Wuhan, China, to support global production and distribution.
- Increased focus on research and development, particularly in EV technology and lightweight engineering.
These developments have positioned Lotus as a competitive player in the modern automotive landscape, blending its heritage of performance with a forward-looking approach.
Conclusion
Lotus Cars' ownership by Geely and Etika Automotive has ushered in a new era for the brand. With substantial investments and a clear vision for the future, Lotus is poised to continue its legacy of producing innovative and exhilarating vehicles while embracing the challenges and opportunities of the electric age.
Frequently Asked Questions
Who are the new owners of Lotus?
Any driver who owns Lotus cars can tell you what an incredible driving experience these precision-engineered sports cars provide. But who makes Lotus cars? Currently, Lotus is owned by Geely, a Chinese multinational company, and Etika Automotive.
Does Malaysia still own Lotus?
Did You Know That Syed Mokhtar Still Owns 49% Of Lotus Cars. You might be surprised to know that Malaysian tycoon Tan Sri Syed Mokhtar Albukhary still owns a 49 percent stake in Lotus via Etika Automotive Sdn Bhd. Meanwhile, Zhejiang Geely Holding Group owns the remaining 51 percent of Lotus.
Who owns Lotus now?
Lotus Cars is an iconic British producer of sports and racing cars. The first Lotus car was born in 1948 and in June 2017, Lotus Cars became majority owned by Zhejiang Geely Holding Group. The original founder of Lotus, Colin Chapman, believed that lightness was key to the development of great sports cars.
Who are the major shareholders of Lotus?
Shareholders: Lotus KFM
| Name | Equities | % |
|---|---|---|
| Lotus Essential Sdn. Bhd. 23.38 % | 300,000,000 | 23.38 % |
| Sak Kuan Wong 15.64 % | 200,740,000 | 15.64 % |
| Cwl Ventures Sdn. Bhd. 6.403 % | 82,166,000 | 6.403 % |
| Ming Teck Yau 5.455 % | 70,000,000 | 5.455 % |
Who is the owner of Lotus brand?
Mr. Kamal Passi, our founder has always endeavoured to provide our consumers with the purest and the most potent beauty and wellness solutions. His passion bore fruit with the creation of Lotus Organics.
Did Toyota ever own Lotus?
The death of Colin Chapman brought some changes for Lotus, resulting in the company being owned internationally. Here's a modern timeline leading to who makes Lotus cars today: 1986 – General Motors and Toyota buy a combined majority share in Group Lotus as co-owners.
What 4 brands of GM are left?
Our Brands
- CHEVROLET.COM.
- BUICK.COM.
- GMC.COM.
- CADILLAC.COM.
Does GM still own Lotus?
Lotus Cars 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 by businessman Romano Artioli and DRB-HICOM through its subsidiary Proton. It is currently owned by Chinese multinational Geely.
Which group owns Lotus?
Geely Automotive
Lotus Group is the parent company of the above subsidiaries and others. It is part of Geely Automotive, the fastest-growing automotive group in the world. Geely has a 51% controlling stake, with 49% owned by Etika Automotive, a Malaysian conglomerate.
Does China own Lotus?
Lotus is currently majority-owned by Chinese multinational Geely.
