Latest Breaking News On - China headquartered lotus technology - Page 1 : comparemela.com

Lotus Technology, the luxury electric vehicle arm of sports car brand Lotus, said on Tuesday it has secured $870 million in financing ahead of the completion of its merger with blank check company L Catterton Asia Acquisition (LCAA). All of the financing was secured based on a $5.5 billion valuation, China-headquartered Lotus Technology said in a statement. Investors will be issued public shares upon closing of the business combination with LCAA, and result in Lotus Technology having a free float of over 19%, excluding existing LCAA shareholders, it said.

United kingdomUnited statesL catterton asiaChristopher cushingYantoultra nguiLotus groupLotus technologyLouis vuitton moet hennessyChina headquartered lotus technologyVuitton moetEl cattertonSpecial purpose acquisition company