This article only represents the author's own views.
Homegrown Chinese auto giant Geely Holding Group is continuing to build its credentials as a dealmaker in a new energy vehicle (NEV) space that it sees as a critical part of its future.
Late last month, Lotus Technology Inc., the electric vehicle (EV) arm of British luxury sports car brand Lotus, said it raised $870 million ahead of a listing on the Nasdaq by merging with L Catterton Asia Acquisition (LCAA.US), a special purpose acquisition company (SPAC) backed by luxury giant LVMH. Geely bought 51% of Lotus in 2017, adding it to its stable of global brands that also includes Volvo, Polestar and Proton.
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