"Lotus Tech's Nasdaq Debut and Luxury EV Game Plan"
TL;DR Summary
Lotus Technology, a luxury electric vehicle company majority-owned by Geely Holding, debuted on Nasdaq with a market capitalization of $9.3 billion, slightly lower than Nio's $11.2 billion. The company's stock, trading under the ticker symbol "LOT," rose 2.15 percent on its first day of trading. Lotus Technology's listing is the largest of a China-concept stock this year and will support the development of its next-generation automobility technologies and global distribution network expansion.
Topics:business#businessfinance#electric-vehicle#geely-holding#lotus-technology#market-capitalization#nasdaq-debut
- Lotus Tech debuts on Nasdaq with slightly lower market cap than Nio CnEVPost
- Lotus Cars Are Legit. What We Thought After Driving an Eletre. Barron's
- EV maker Lotus Tech closes up modestly in Nasdaq debut after SPAC merger Reuters
- Why Lotus thinks its luxury EV game plan will succeed globally Yahoo Finance
- Lotus SPAC merger to list under 'LOT' stock ticker this week Electrek.co
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