Lotus Technology went public via a SPAC merger with L Catterton Asia Acquisition in a $5.4bn deal.

Lotus Technology, a global luxury electric vehicle maker, went public via a SPAC merger with L Catterton Asia Acquisition in a $5.4bn deal. "We are very pleased to announce the successful completion of the business combination with Lotus Tech, a pioneer in the electrification of luxury mobility with a world-leading product portfolio of luxury vehicles. We are confident Lotus Tech's listing on the Nasdaq will further its global expansion, and look forward to joining them in the exciting growth journey ahead," Chinta Bhagat, LCAA Co-CEO.