Lotus stays committed to luxury segment plan

Visitors inspect Lotus” cars at the Guangzhou auto show in November. [LI FUSHENG/CHINA DAILY]

Lotus Technology, a division of British company Lotus Group that owns Lotus Cars, will focus on vehicles priced starting from $80,000 and has no plan to go cheaper for volume, said CEO Feng Qingfeng.

Feng said that it is important to differentiate from one another in the market, saying the company’s models are positioned as smart electric “lifestyle”…

Continue reading this news update.

Comments are closed