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Lotus Offers Glimpse of SUV to Drum Up Support for Possible IPO

  • Lotus Tech considering IPO in U.K., U.S. or China: spokesman
  • Size, valuation of possible Lotus Tech IPO not yet determined

British sports-car maker Group Lotus Plc is touting its electrification push to help drive interest in a potential listing of its China-based business.  

Lotus Tech, which is developing electric cars for the Lotus brand, is currently weighing a listing in the U.K., U.S. or China, spokesman James Andrew told reporters in London. Last week, Lotus showed off its upcoming Type 132 electric SUV -- developed by Lotus Tech and due to be built in Wuhan -- to the financial community and dealers in London.