British carmaker Lotus is planning a multibillion-pound flotation

February 20, 2022 admin Stock News 0

© Reuters. FILE PHOTO: A Lotus sign is seen at the car plant headquarters in Hethel, Britain June 23, 2021. Picture taken June 23, 2021. REUTERS/Dylan Martinez

(Reuters) – British carmaker Lotus is planning a multibillion-pound flotation and the company is speaking to prospective investors, The Times reported, without citing the source of the information.

Lotus is moving to open a production plant in China and is targeting annual sales of 100,000 by the end of the decade, the newspaper said.

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