Lotus Technology Inc. has announced that its wholly-owned subsidiary, Ningbo Lotus Venture Capital Co., Ltd., has entered into an equity transfer agreement with Zhejiang Geely Powertrain Co., Ltd. On May 30, 2025, Ningbo Lotus agreed to sell its 17.5% equity interest in Wuxi InfiMotion Technology Co., Ltd. to Geely for a total cash consideration of RMB420 million. The completion of this transaction is contingent upon customary closing conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lotus Technology Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-054463), on May 30, 2025, and is solely responsible for the information contained therein.