Thanks to its Chinese owner Geely, Lotus now has the resources to expand and is looking to add 200 new engineers to its workforce as part of its plan to increase production.
As reported by The Telegraph, the British sports car company plans to triple production to 5,000 cars a year and will also open an engineering center in the Midlands.
It will also be launching a hypercar dubbed ‘Type 130’ that will be unveiled later this year. The hypercar will have an output of around 1000bhp and will be powered by an all-electric powertrain developed by Williams Advanced Engineering.
Back in 2017, Geely bought over Lotus as part of a £100 million (S$177 million) deal and its boss, billionaire Li Shufu aims to turn Lotus around and make it a credible rival to the world’s best supercar makers.