Lotus Cars is British by birth and Chinese by ownership.
Lotus Technology completed the acquisition of 100 percent of the equity interests in Lotus Advance Technologies on 21 August 2026, buying the 51 percent held by Geely Holding through Geely International (Hong Kong) Limited and the 49 percent held by Etika Automotive, bringing Lotus Cars under the Nasdaq-listed company and ending the 51/49 Geely and Etika ownership of the car business.
Where it sits
Two levels. A figure marks a company boundary crossed; a word means the figure was never published.
Lotus Cars
78 years, six owners since 1980
The year is coloured by whoever held it at the time.
- 1948 Colin Chapman built his first trials car in a lock-up in London, and formed the Lotus Engineering Company in 1952.
- 1986 General Motors bought 58 percent of Group Lotus plc from the company’s shareholders for £22.75 million in 1986 and went on to own the whole company, which its own 1993 annual filing lists as a wholly owned subsidiary with Lotus Cars Ltd beneath it. There was no single selling company: after Colin Chapman’s death in 1982 the shares were spread across individuals and a group of investors.
- 1993 General Motors sold Lotus to Bugatti, the Italian company of Romano Artioli, for a reported £30 million in 1993, having written off £54 million on its seven years of ownership. Bugatti is outside this dataset. Artioli’s Bugatti business collapsed in 1995 and he sold Lotus to Proton in 1996.
- 1996 Malaysia’s Proton bought 80 percent of the Lotus Group from Romano Artioli’s Bugatti in October 1996, 64 percent for Proton itself and 16 percent personally for its chairman Yahaya Ahmad, and owned 100 percent by 2003. Proton passed to DRB-HICOM in 2012, which sold Lotus to Geely Holding and Etika in 2017. Bugatti, Proton and DRB-HICOM are all outside this dataset.
- 2017 Geely Holding took 51 percent of Lotus Advance Technologies Sdn Bhd, the holding company above Lotus Cars, and Etika Automotive took 49 percent, completing the purchase from Malaysia’s DRB-HICOM, Proton’s parent since 2012, which had owned Lotus through Proton since 1996. DRB-HICOM and Proton are outside this dataset.
- 2025 Etika Automotive and Geely's Hong Kong arm exercised put options requiring Nasdaq-listed Lotus Technology to buy the whole of the Lotus car business from them.
- 2026 On 10 June 2026 Geely's Hong Kong arm received 24,477,676 Lotus Technology ordinary shares and Etika Automotive 23,517,767, in each case from Lotus Group International Limited, as the consideration for the put options over the Lotus car business. This settled the price; the car business itself did not change hands until August.
- 2026 Lotus Technology completed the acquisition of 100 percent of the equity interests in Lotus Advance Technologies on 21 August 2026, buying the 51 percent held by Geely Holding through Geely International (Hong Kong) Limited and the 49 percent held by Etika Automotive, bringing Lotus Cars under the Nasdaq-listed company and ending the 51/49 Geely and Etika ownership of the car business.
Lotus Technology
1 marque
The Nasdaq-listed company that bought the British sports car business outright from Geely and Etika in 2026. No company controls it: its founder holds the majority of the votes personally.
the United Kingdom 1
Lotus Cars