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.
Lotus Technology, aka Lotus Tech, is majority owned by China’s Geely Holding with other shareholders including Malaysia’s Etika and Nio Capital, an investment arm of the Chinese carmaker Nio.
