• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

Geeky Gadgets

Gadgets and Technology News

  • Home
  • Apple
  • Android
  • Deals
  • Gadgets
  • Technology
  • Hardware
  • Gaming
  • Cars


China’s Geely Is Buying Lotus

10:44 am September 29, 2017 By Roland Hutchinson

  • Share
  • Tweet
  • Pin
  • Email

Lotus

Chinese company Geely has announced that it has purchased a majority stake in Lotus. The company now owns 51 percent of Lotus. The other 49% is owned Malaysian car maker Etika Automotive.

Geely also owns Volvo and the London Taxi Company, the company was founded in 1986 and it sold over 1.3 million cars last year. The company has managed to increase sales of Volvo cars during its ownership, it will be interesting to see if it can do the same for Lotus.

With the transaction completed, the Board of Directors for Lotus has been formally established, consisting of five seats of which three are appointed by Geely Holding and two are appointed by Etika.

Under this structure, Geely Holding has appointed Geely Holding’s Executive Vice President and Chief Financial Officer, Mr. Daniel Donghui Li as Chairman of the Lotus Board. Mr. Feng Qing Feng, Geely Auto Vice President and Chief Technology Officer and also Mr. Nathan Yu Ning, whom is the Vice President of International Business and Executive Advisor to the President at Geely Holding will also join the board.

You can find out more details about the changes coming to Lotus over at the company’s website at the link below.

Source Lotus

Filed Under: Auto News

Latest Geeky Gadgets Deals


Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn more.

Primary Sidebar

  • Email
  • Facebook
  • RSS
  • Twitter

Top News

laser engraver

LaserPecker 2 mini laser engraver

professional massage gun

NANO Pro handheld professional massage gun $89

Power station

ElecHive 2,400Wh universal portable power station

laptop stand

Mantiz aluminum folding laptop stand

levitating light

Amazing Floately VOLTA levitating light

Last Minute Deals

Apple News

iOS 14.4 beta 2

Here is another look at iOS 14.4 beta 2 (Video)

tvOS 14.4 beta 2

Apple released tvOS 14.4 beta 2

macOS Big Sur 11.2 beta 2

Apple releases macOS Big Sur 11.2 beta 2

iOS 14.4 beta 2

What’s new in iOS 14.4 beta 2 (Video)

iOS 14.4 beta 2

Apple releases iOS 14.4 beta 2 and iPadOS 14.4 beta 2

Technology News

Google Purchases Fitbit

Denon Home Sound Bar 550

New Denon Home Sound Bar 550 unveiled

Samsung Twitch

Samsung announces new partnership with Twitch

Cyberpunk 2077 console release apology by co-founder Marcin Iwi?ski

Arduino Lint

Easily detect issues with your Arduino projects using Arduino Lint

Android News

Vivo X60 Pro+

Vivo X60 Pro+ smartphone launching January 21st

Oppo A93 5G

Oppo A93 5G smartphone gets official

Samsung Galaxy S21

Samsung Galaxy S21 and Galaxy S21+ shown off on video

Samsung Galaxy S21 Ultra

Samsung Galaxy S21 Ultra shown off on video

Samsung Galaxy Buds Pro

Samsung Galaxy Buds Pro headphones gets official

Footer

About Us

  • About Geeky Gadgets
  • Advertise On Geeky Gadgets
  • Archives
  • Contact Us
  • Disclosure Policy
  • Free Newsletter
  • Geeky Gadgets Logo
  • Privacy Policy
  • Site Map

Further Reading

  • Auto News
  • Camera News
  • Concepts & Design
  • Entertainment News
  • Design News
  • Geeky Stuff
  • Apple iPad
  • Apple iPhone
  • Mobile Phone News
  • Sponsored
  • Tablet News

Copyright 2007 - 2020 Geeky Gadgets

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

Geeky Gadgets
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

Cookie Policy

More information about our Cookie Policy