Lotus Technology Inc. Secures $300 Million Funding for Global Expansion and Liquidity Boost

Reuters
Aug 19
<a href="https://laohu8.com/S/LOT">Lotus</a> Technology Inc. Secures $300 Million Funding for Global Expansion and <a href="https://laohu8.com/S/LQDT">Liquidity</a> Boost

Lotus Technology Inc., a prominent player in the intelligent and luxury mobility sector, has secured up to $300 million in funding through a securities purchase agreement with ATW Partners. This investment will be converted into ordinary shares of the company in the form of American depositary shares. The new funding aims to propel business development and enhance liquidity, reflecting the confidence of partners in Lotus's growth potential. Additionally, Lotus has entered a Master Credit Facility Framework Agreement with Zhejiang Geely Holding Group, securing a non-revolving credit facility of up to RMB1.6 billion to further bolster its financial standing and operational capabilities.

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