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Home News Auto News Geely Mulls USD 1.9B Revival Plan For Lotus - Second Plant Planned Geely Mulls USD 1.9B Revival Plan For Lotus - Second Plant Planned Auto News Arvind | August 10, 2018 11:43 am Geely is mulling a huge USD 1.9 Billion investment plan to revive the Lotus brand.Bloomberg reports, quoting sources familiar with the matter, that the investment plan is part of Geely’s efforts to revive the iconic British into a premium automaker that can rival the likes of Porsche and Ferrari. Funds will reportedly go towards growing the company’s technical workforce and establishing new design and production facilities.The proposal’s initial phase involves expansion of the Hethel plant by hiring 200 new engineers.The second phase involves establishing a research and design centre based in Coventry, which Geely has reportedly committed to two months ago. The plan finally involves establishing a second production facility in the U.K., tentatively in the West Midlands region.Bloomberg also reports that Geely is in talks to increase its 51 percent controlling stake in Lotus Cars, which was acquired through its 49.9 percent purchase of Proton Holdings last year.Recently, Geely appointed Feng Qingfeng, vice president and chief technical officer of Geely Auto Group as the new CEO of Lotus – succeeding Jean-Marc Gales. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Geely Lotus Print Related News Geely Man Becomes New CEO of Lotus Auto News Gokul | June 06, 2018 Lotus Cars CEO Jean-Marc Gales has stepped down with immediate effect, and will be succeeded by Feng Qingfeng, vice president and chief technical ... Lotus To Get An RM 5.5 Billion Factory In China Thanks To Geely Auto News Aswan | January 18, 2019 There's no money like Chinese money, in all its vast, life-giving glory. Geely is fast becoming known as a company that breathes life back into ... Geely Begins Work On New Lotus Plant In China Auto News Eric | April 15, 2019 Zhejiang Geely Holding (ZGH) has begun construction on a new 9 billion Yuan production plant in Wuhan, Hubei.When the new plant goes online in 2021, ... Confirmed: Geely Acquires 49.9 Percent Stake In Proton Plus 51 Percent Of Lotus Auto News Kon | May 24, 2017 Following months of speculation, DRB-Hicom Bhd and Zhejiang Geely Holding Group have come to an agreement that sees the Chinese carmaker acquiring ... Comments
Geely Mulls USD 1.9B Revival Plan For Lotus - Second Plant Planned Auto News Arvind | August 10, 2018 11:43 am Geely is mulling a huge USD 1.9 Billion investment plan to revive the Lotus brand.Bloomberg reports, quoting sources familiar with the matter, that the investment plan is part of Geely’s efforts to revive the iconic British into a premium automaker that can rival the likes of Porsche and Ferrari. Funds will reportedly go towards growing the company’s technical workforce and establishing new design and production facilities.The proposal’s initial phase involves expansion of the Hethel plant by hiring 200 new engineers.The second phase involves establishing a research and design centre based in Coventry, which Geely has reportedly committed to two months ago. The plan finally involves establishing a second production facility in the U.K., tentatively in the West Midlands region.Bloomberg also reports that Geely is in talks to increase its 51 percent controlling stake in Lotus Cars, which was acquired through its 49.9 percent purchase of Proton Holdings last year.Recently, Geely appointed Feng Qingfeng, vice president and chief technical officer of Geely Auto Group as the new CEO of Lotus – succeeding Jean-Marc Gales. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Geely Lotus
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
Geely Man Becomes New CEO of Lotus Auto News Gokul | June 06, 2018 Lotus Cars CEO Jean-Marc Gales has stepped down with immediate effect, and will be succeeded by Feng Qingfeng, vice president and chief technical ...
Lotus To Get An RM 5.5 Billion Factory In China Thanks To Geely Auto News Aswan | January 18, 2019 There's no money like Chinese money, in all its vast, life-giving glory. Geely is fast becoming known as a company that breathes life back into ...
Geely Begins Work On New Lotus Plant In China Auto News Eric | April 15, 2019 Zhejiang Geely Holding (ZGH) has begun construction on a new 9 billion Yuan production plant in Wuhan, Hubei.When the new plant goes online in 2021, ...
Confirmed: Geely Acquires 49.9 Percent Stake In Proton Plus 51 Percent Of Lotus Auto News Kon | May 24, 2017 Following months of speculation, DRB-Hicom Bhd and Zhejiang Geely Holding Group have come to an agreement that sees the Chinese carmaker acquiring ...