Lotus Cars, the iconic British manufacturer renowned for its lightweight sports and racing vehicles, is currently owned by a partnership between Geely and Etika Automotive.
Current Ownership Structure of Lotus Cars
As of the current period, the ownership of Lotus Cars is primarily held by two significant entities in the global automotive and industrial sectors:
- Geely: Officially known as Zhejiang Geely Holding Group Co., Ltd., Geely is a prominent Chinese multinational automotive company. It holds a majority stake in Lotus, and this acquisition was a strategic move to expand its diverse portfolio of global automotive brands, which also includes Volvo and Polestar.
- Etika Automotive: This is a Malaysian conglomerate that holds a minority stake in Lotus. Etika Automotive is part of the broader Etika group, which has interests in various industries beyond automotive, including food and beverages.
This joint ownership structure allows Lotus to leverage Geely's extensive global resources, technological expertise, and manufacturing capabilities, alongside Etika Automotive's strategic regional insights and investment. The partnership has been instrumental in the recent revitalization and expansion plans for Lotus, including the development of new models like the Evija hypercar and the Eletre SUV.
Key Owners at a Glance
For a clearer overview, the current primary owners of Lotus Cars are detailed below:
| Owner | Type of Company | Nationality | Primary Stake |
|---|---|---|---|
| Geely | Multinational Automotive | Chinese | Majority |
| Etika Automotive | Diversified Conglomerate | Malaysian | Minority |
This dual ownership model has provided Lotus with the necessary capital and strategic direction to innovate and expand its product line, ensuring its continued presence in the high-performance automotive market.
