Will Lotus Production Move to China
Corporate Business

Will Lotus Production Move to China?

Could the UK be losing another icon? With the sale of Proton and its stake in Lotus, could Lotus go the way of MG and transfer production to China? According to Bloomberg, Chinese billionaire Li Shufu said his Zhejiang Geely Holding Group will consider producing Lotus sports cars in China after agreeing to purchase stakes in Malaysian carmaker Proton Holdings Bhd. and its British unit.