British carmaker Lotus is planning a multibillion-pound flotation -The Times

A Lotus sign is seen at the car plant headquarters in Hethel
A Lotus sign is seen at the car plant headquarters in Hethel, Britain June 23, 2021. Picture taken June 23, 2021. REUTERS/Dylan Martinez

Feb 20 (Reuters) - British carmaker Lotus is planning a multibillion-pound flotation and the company is speaking to prospective investors, The Times reported, without citing the source of the information.

Lotus is moving to open a production plant in China and is targeting annual sales of 100,000 by the end of the decade, the newspaper said.

Reporting by Anirudh Saligrama in Bengaluru; editing by Grant McCool

Our Standards: The Thomson Reuters Trust Principles.

Read Next