Lotus Bets Massive On Its New EV Division

Lotus Bets Massive On Its New EV Division


Lotus could also be greatest identified for light-weight sports activities vehicles, but it surely’s betting large on its forthcoming electrical SUV – at present generally known as the ‘Sort 132’ – due in 2023, and it’s even seeking to float its new EV division on the inventory market.

Lotus has been owned by Geely since 2017, a Chinese language firm which additionally owns Volvo Automobiles and Polestar (in addition to the London EV Firm, or LEVC – producer of the electrical range-extended London black cab, Lync & Co and Proton).

The brand new EV division, Lotus Expertise, will likely be based mostly in China. Lotus believes that the EV division will likely be valued at round £5-6 billion. The potential inventory market flotation received’t embody Lotus Automobiles (the sports activities automobile enterprise).

Lotus says it’s going to promote 100,000 vehicles per 12 months by 2028, and 90,000 will likely be electrical saloons and SUVs produced by Lotus Expertise. After the preliminary Lotus electrical SUV there are plans for an electrical saloon after which a smaller electrical SUV. All will likely be inbuilt China.

The primary electrical mannequin from Lotus is the Evija hypercar, which is claimed to have essentially the most power-dense electrical powertrain of any automobile, in addition to acceleration matching that of a Components One automobile.

Headline figures for the Evija are as follows:

  • Goal energy output of two,000 PS, and 1,700 Nm of torque, which might make it the world’s strongest sequence manufacturing street automobile
  • A goal 0-62mph time of lower than three seconds
  • A high pace over 200mph
  • Pure electrical driving vary goal of 250 miles.
  • The battery has the power to just accept an 800kW cost – when charging models able to delivering this are commercially accessible, it is going to be doable to totally replenish the battery in simply 9 minutes.

In Lotus custom, the ultra-lightweight carbon fibre monocoque makes it the world’s lightest manufacturing EV hypercar, at 1,680kg. If you happen to’re out there for a Lotus Evija try to be conscious that manufacturing is because of be restricted to only 130 vehicles and there’s a £1.7 million price ticket.


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October 2022