Lotus Becomes One Global Company Following Completion of Lotus UK Acquisition

Lotus Becomes One Global Company Following Completion of Lotus UK Acquisition

• Lotus becomes one integrated global business under a single corporate structure.
• Lotus Tech has acquired 100% equity interest of Lotus UK following the exercise of put options by Geely HK and Etika.
• Hethel manufacturing facility, Lotus sportscar manufacturing and Lotus Engineering remain central to the group’s future.
• The integration is expected to accelerate collaboration, streamline governance and support long-term growth.

NEW YORK, 25 AUGUST 2026

Leading global intelligent luxury mobility provider Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”) has today announced that it has completed the acquisition of 100% of the equity interests in Lotus Advance Technologies Sdn Bhd (“Lotus UK”).

The transaction brings Lotus’ iconic British sportscar business, engineering consultancy and next-generation intelligent vehicle technologies together under a single corporate structure, marking a significant milestone in Lotus’ evolution, creating a unified global organisation that combines more than 78 years of engineering and motorsport heritage with advanced technologies, electrification capabilities and global commercial operations.

Based in Hethel, Norfolk, Lotus UK sits at the heart of the Lotus brand and includes the manufacturing operations responsible for Lotus sportscars, together with Lotus Engineering, the world-renowned automotive engineering consultancy recognised for its expertise in lightweight engineering, aerodynamics and chassis dynamics.

By bringing Lotus UK and Lotus Tech together under one organisation, the Company expects to strengthen collaboration across engineering, manufacturing, product development and commercial operations, while streamlining governance and accelerating the integration of capabilities across the wider business. The unified structure is expected to create opportunities for greater operational efficiency and support the delivery of the Company’s Focus 2030 strategy.

Qingfeng Feng, Chief Executive Officer of Lotus Tech, said:
“Lotus is one brand and one strategy, and from today it is one business. Everything that makes Lotus a Lotus – the engineering, the obsession, the discipline – now sits in a single organization. It unifies the brand, increasing our global competitiveness and accelerating product development and go-to-market speed. This is an important step in advancing our Focus 2030 strategy and embarking on the next chapter of Lotus’ global revitalization.”

For Lotus, the transaction brings together the core elements that have shaped the company in recent years: a globally recognised performance brand, British engineering excellence, advanced intelligent vehicle technologies and a growing international business. The Company believes this integrated operating model provides a stronger platform for future growth while maintaining Lotus’ distinctive identity and heritage.

Lotus has been shaping automotive culture for 78 years and will continue to redefine the limits of performance through racing-inspired engineering, engaging road cars and technologies developed through its global operations, with design and engineering expertise rooted in the United Kingdom and technology capabilities enabled through its wider ecosystem.

About Lotus Technology Inc.

Lotus Technology Inc. has operations across the UK, the EU, the US and China. The Company is dedicated to delivering high-performance sports cars and luxury lifestyle electric vehicles under Lotus Brand, a global performance brand built on solid foundations and a rich heritage, with a focus on world-class R&D in next-generation automobility technologies and designs to meet its uncompromising vision of how a car should look, perform and feel. For more information about Lotus Technology Inc., please visit www.group-lotus.com.

About Lotus

We make cars, for the drivers. Everything we do is in relentless pursuit of performance.