Lotus will start building cars in China, following the construction of a new factory in Wuhan city.
The news agency is reporting that the British sports car brand’s owners Geely has invested in a new $1.3-billion factory. – according to Reuters.
While unconfirmed, Reuters’ report is the first evidence of a major shakeup for Lotus since Geely bought a majority stake in the brand in 2017.
Geely, which also owns Volvo, is looking to build more upmarket models. That will include the long-anticipated first SUV from Lotus.
A move to manufacturing cars in China wouldn’t spell the end of Lotus building cars at its home in Norfolk. Geely and Lotus previously released a joint statement confirming that Norfolk will remain the brand’s home of manufacturing.
Additional locations and models are still unknown. – according to Reuters.