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  4. Sports car maker Lotus's tech arm valued at $4.5 billion in fundraising
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Sports car maker Lotus's tech arm valued at $4.5 billion in fundraising

SHANGHAI (Reuters) - Lotus Technology, the technology arm of sports car brand Lotus, said on Wednesday it had completed a fundraising that valued the business at nearly $4.5...
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Sports car maker Lotus's tech arm valued at $4.5 billion in fundraising © Reuters. FILE PHOTO: A Lotus sign is seen at the car plant headquarters in Hethel, Britain June 23, 2021. Picture taken June 23, 2021. REUTERS/Dylan Martinez/File Photo

SHANGHAI (Reuters) - Lotus Technology, the technology arm of sports car brand Lotus, said on Wednesday it had completed a fundraising that valued the business at nearly $4.5 billion.

The unit, part of Group Lotus which is in turn owned jointly by Chinese automaker Geely and Malaysia's Etika Automotive, said it would use the proceeds for product innovation and developing global distribution networks.

Reuters reported in 2021 that Lotus Technology was looking to raise $400 million to $500 million by the end of that year, with a post-money valuation of $5 billion to $6 billion.

Lotus Technology confirmed on Wednesday it was the same round of fundraising but didn't disclose the amount raised or participating investors.

Lotus plans to start production of its first electric SUV by the end of this year and begin deliveries in early 2023.

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30-09-2023 00:28:08 (UTC+7)

EUR/USD

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    EUR/USD 1.0569 ↑ Sell  
    GBP/USD 1.2193 ↑ Sell  
    USD/JPY 149.46 Neutral  
    AUD/USD 0.6431 Neutral  
    USD/CAD 1.3559 Buy  
    EUR/JPY 157.95 Buy  
    EUR/CHF 0.9675 Neutral  
    Gold 1,866.75 ↑ Sell  
    Silver 22.413 ↑ Sell  
    Copper 3.7317 Neutral  
    Crude Oil WTI 90.98 ↑ Sell  
    Brent Oil 92.44 ↑ Sell  
    Natural Gas 2.947 ↑ Buy  
    US Coffee C 145.45 ↑ Sell  
    Euro Stoxx 50 4,173.35 ↑ Sell  
    S&P 500 4,290.09 Buy  
    DAX 15,386.58 ↑ Sell  
    FTSE 100 7,608.08 ↑ Sell  
    Hang Seng 17,822.00 Buy  
    Small Cap 2000 1,782.90 Buy  
    IBEX 35 9,428.00 ↑ Sell  
    BASF 42.950 ↑ Sell  
    Bayer 45.45 ↑ Sell  
    Allianz 225.70 Sell  
    Adidas 166.62 ↑ Sell  
    Lufthansa 7.506 Neutral  
    Siemens AG 135.66 ↑ Sell  
    Deutsche Bank AG 10.450 ↑ Sell  
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# So hôm qua # Chênh TG
SJC Eximbank6,830/ 6,880
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SJC HCM6,820/ 6,890
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SJC Hanoi6,820/ 6,892
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Cập nhật 30-09-2023 00:28:10
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Cập nhật lúc 18:53:44 29/09/2023
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