Iconic British Sports Car Maker Lotus Might End Up In Chinese Hands
Corporate Business

British Car Maker Lotus May End Up In Chinese Hands

The Zhejiang Geely Holding Group is reportedly bidding for a 51% stake in Malaysia’s Proton Holdings, the owner of the Proton and Lotus brands. The current owner is DRB-Hicom, one of the country’s largest automotive conglomerates, which has long been looking for a “strategic partner” for Proton Holdings. Zhejiang Geely currently owns the Geely Auto, Volvo, and the Lynk & Co. brands.