According to Bloomberg, in response to previous reports that Lotus Sports Cars will close its British factory, Lotus Sports issued a statement clarifying that it will continue to maintain production and operations in the UK.
Electre； Image source: Lotus sports car
Lotus Sports Car emphasized in a statement: “We are actively exploring strategic solutions to improve operational efficiency and ensure competitiveness in the global market change. Lotus sports cars are currently operating normally, with no plans to close the factory. ”
Meanwhile, Lotus said in a statement that the company has invested heavily in its UK business over the past six years and reaffirmed its commitment to the UK market. According to the company, the UK is still the largest commercial market for Lotus sports cars.
The Financial Times reported on June 27 that Lotus sports cars, controlled by Zhejiang Geely Holding Group, plan to stop production at its Hethel plant in the United Kingdom, a move that could affect 1,300 jobs. Lotus previously confirmed to the Financial Times that the company has suspended production since mid-May to adjust inventories due to supply chain issues caused by U.S. tariff policies.
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Although it was world-renowned for producing world-renowned brands such as Mini and Jaguar, the British automotive industry has been in decline for many years. Brexit and high energy costs have further exacerbated the country’s automotive industry’s woes. If Lotus closes its UK factory, it will be another blow to the UK economy after companies such as Honda and Ford Motor Company closed their factories in the UK.
In addition, it is worth mentioning that previously it was reported that King Charles III of England ordered a Lotus Electre PureElectric vehicle, worth £160,000, is expected to be used on one of its country estates. This Lotus pure electric car is painted in the traditional burgundy paint of the royal family. It is reported that this color is also used in other royal vehicles and official vehicles.
