L Catterton Asia Acquisition Corp (LCAA)

[barnyarddog]

On 24 May 2017, Chinese multinational Geely announced that was taking a 51% controlling stake in Lotus.[20][21] The remaining 49% were acquired by Etika Automotive, a holding company of Proton's major shareholder Syed Mokhtar Albukhary.[22]

In January 2021 Lotus' parent company Geely announced a joint venture with Renault–Nissan–Mitsubishi Alliance and their Alpine division to develop a range of electric performance cars sharing some of their future platforms.[23] In April 2021 Lotus announced plans to produce only electric cars by 2028 and increase production numbers from around 1,500 per annum to tens of thousands. Geely and Etika Automotive provided two billion pounds (US$2.8 billion) to fund the changes.[24]

Lotus Technology, the electric vehicle division of Lotus which has a different ownership structure (30% by Etika and the rest by Geely and Nio Capital) was listed on NASDAQ through a SPAC acquisition. After the listing, 10.3% of shares will be held by the public.[25]

https://en.wikipedia.org/wiki/Lotus_Cars#cite_note-25