Lotus “expand” production in ChinaJanuary 20, 2019
According to automobile publications, the British company Lotus is organizing the mass production of its sports cars in China, for which a plant will be built in the city of Wuhan. The capacity of this company is designed to produce 150,000 cars annually.
The Chinese brand Geely, which currently owns a controlling stake in the British company Lotus, has invested $ 1.3 billion in a new plant in China. It is reported that now is the recruitment of employees to the company. By the way, the latter is mentioned in a number of government documents.
The company Geely, which also owns the Swedish Volvo brand – the Chinese acquired it back in 2010, plans to expand the existing model range of the British Lotus.
In particular, this is the first crossover of the automaker. In addition, it is planned to significantly increase sales of Lotus – according to official data, last year, the British company sold only 1,630 sports cars.
“For Geely, the transition to the elite car market will help take a larger market share,” commented foreign analyst Alan Kang, a Shanghai analyst at LMC Automotive. “Geely needs to do this in order to better compete with global brands.”
Plans to build a new Lotus plant in Wuhan, the capital of Hubei Province, were approved last month. The plant will be able to produce 150,000 cars per year. The company will produce all-electric and hybrid cars, which are central to the future plans of Lotus, as well as traditional cars with internal combustion engines. It will also produce cars for other brands owned by Geely and Lotus.
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