Geely-backed electric vehicle group Lotus Technology has finalised its acquisition of Lotus Advance Technologies (Lotus UK).
The move consolidates two previously separate operations into one corporate entity, encompassing both UK sportscar production and engineering consultancy services.
The transaction was prompted by put options exercised by two shareholders.
Geely International (Hong Kong) and Etika Automotive were both parties to a put option agreement dated 31 January 2023, which gave either shareholder the right to require Lotus Technology to buy out their respective holdings in the UK business.
Geely HK exercised its option first, in April 2025, obliging Lotus Technology to purchase its 51% stake in Lotus UK.
Etika Automotive followed suit in July 2025, triggering the sale of its remaining 49% holding under the same agreement.
Lotus UK operates out of Hethel, Norfolk, site of the Hethel plant where the firm’s sportscars are manufactured.
The business also incorporates Lotus Engineering, which provides consultancy services in lightweight design, aerodynamics and chassis dynamics to clients outside the Lotus brand.
Following completion of the deal, manufacturing of Lotus’s sportscars and hypercars now sits within the same ownership structure as its engineering consultancy arm.
The company stated the restructuring aims to bring engineering, manufacturing, product development and commercial functions into closer alignment, alongside simplifying governance arrangements.
Lotus Tech CEO Qingfeng Feng 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 organisation. 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 revitalisation.”
The firm also said its engineering and design operations, built on more than 78 years of motorsport and engineering history, will continue to be based in the UK as the company expands its international footprint.
The restructuring follows a separate development in July, when Geely began exporting Lotus-branded electric vehicles to Canada under a new bilateral trade arrangement with China.
“Lotus Technology completes acquisition of Lotus UK” was originally created and published by Just Auto, a GlobalData owned brand.
