Lotus Technology Inc. completed the acquisition of 100% equity interest in Lotus Advance Technologies Sdn Bhd (referred to as Lotus UK) on August 21, 2026, following exercises of put options by Geely and Etika. The transaction consolidates Lotus' iconic British sportscar engineering, manufacturing capabilities at Hethel, Norfolk, and next-generation intelligent vehicle technologies under a single corporate structure. This integration aims to unify the brand globally, streamline governance, enhance operational synergies, and accelerate product development as part of the Focus 2030 strategy. The company operates in the automotive industry, designing and manufacturing high-performance sports cars and luxury electric vehicles.