"Lotus Tech's Nasdaq Debut and Luxury EV Game Plan"
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.
