Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, announced today that its intelligent driving arm, Lotus Robotics, has been designated to license several leading automakers to provide them with its intelligent driving technology and software. The announcement demonstrates the R&D prowess that is driving the growth of Lotus Tech's technology-related revenues as the Company executes its Vision80 business transformation strategy.
Key Insights Given the large stake in the stock by institutions, L Catterton Asia Acquisition's stock price might be...
Lotus Technology said on Tuesday that it will go public in the United States via a merger with special purpose acquisition company L Catterton Asia Acquisition Corp in a deal that will value the combined group at $5.4 billion. The valuation takes into account $288 million of cash in LCAA's trust account, it said. LCAA raised $250 million when it went public in 2021.