What is lotus parent company?

Lotus parent company is a British automotive brand that is owned by Chinese multinational Geely Group. Geely acquired a controlling stake in Lotus in 2017, marking their first entry into the luxury sports car segment. Lotus was founded in 1948 by Colin Chapman and has a reputation for producing high-performance sports cars that are lightweight yet powerful. The brand has had a number of ups and downs over the years, including times of financial difficulty and ownership changes. However, Geely's investment has allowed Lotus to develop new models and expand their product lineup. The company's headquarters are located in Hethel, Norfolk, England, and they employ approximately 800 people.