# Lotus Technology to go public via merger with L Catterton Asia Acquisition Corp

Lotus Technology, a luxury EV maker, will go public through a business combination with SPAC L Catterton Asia Acquisition Corp, valuing the combined company at approximately US$5.4 billion. Existing equity holders including Geely Holding will retain about 89.7% ownership.

- Type: Acquisition
- Announced: 2023-01-31
- Where: Singapore
- Value: $5.40B
- Status: announced
- Products: electric vehicles, hyper SUV Eletre
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Geely Holding](https://endata.com/companies/25757.md) (investor)
- [Lotus Technology](https://endata.com/companies/63073.md) (target)
- [L Catterton Asia Acquisition Corp](https://endata.com/companies/68239.md) (acquirer)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1841024/000110465923008628/tm234838d8_425.htm), 2023-01-31: "Lotus Tech is a pioneering luxury electric vehicle maker that operates under the iconic British brand, Lotus."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.