Lotus Technology, the non-sports car arm of Lotus Group, will go public in a merger with a special acquisition company (SPAC) that will see it listed on the New York Nasdaq exchange, the company said.
The deal would value the company at around $5.4 billion (£4.38bn), Lotus Technology said in a statement.
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Politics aside, I'd have thought Lotus Technology would be a more savvy bet than a whole load of other EV startups that aren't owned by an already successful, massive Chinese manufacturer?