UK Car Boost As Lotus Commits To UK

Thu 29th Apr 2021

British motor manufacturing has received a major shot in the arm after Lotus revealed that it is to invest £2.5bn in their Norfolk plant, with the aim of building a range of electric sports cars in the UK.

The announcement was made this week after the company unveiled the Lotus Emira, which will be the famous sports car brand’s last ever combustion engine sports car before they go all-electric.

In addition to increasing their capacity at the Norfolk factory, the company is also expanding into China build the company’s first ever electric SUV with the aim of increasing output ten-fold.

Lotus sold only 1,378 vehicles in 2020, but are aiming at ‘tens of thousands’ of units by 2025.

“This plan will take us into new segments, and new parts of the market,” said Lotus Managing Director, Matt Windle.

“When the lifestyle products and the new sports cars come along, we will be talking about tens of thousands of cars a year, rather than thousands.”

“The lifestyle cars will be produced in China, and the sports cars will stay in Hethel.”

Founded in 1948 by motor-racing legend Colin Chapman, Lotus are now owned by the Chinese Geely Group, and employ 1,400 employees at their Norfolk plant. But the company aim to rival Porsche, Aston Martin and even Ferrari with a switch to SUVs to match market trends.

It’s expected that within five years the SUV, which is going to be produced in Wuhan, will be the company’s most popular model.