BEIJING/SHANGHAI (Reuters): The Chinese owner of Lotus plans to start producing the British sports car brand in China for the first time with the opening of a new 9 billion yuan (US$1.3bil) factory in Wuhan city, company job advertisements and government documents showed.
The previously unreported plans are Zhejiang Geely Holding Group’s first move to shake up the British brand since its purchase of a majority stake in 2017.
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