05:32 PM EDT, 07/01/2025 (MT Newswires) -- Lotus Technology ( LOT ) said Tuesday that Etika Automotive exercised put options requiring it to purchase Etika's 49% stake in Lotus UK.
The company said that, combined with Geely HK's earlier exercised option, it is set to acquire 100% of Lotus UK.
The transaction is expected to finalize by the end of 2025, according to Lotus Technology ( LOT ).