• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
A woman is charging her electric car in front of a brick wall as part of the Lotus EV Venture.

Geely Announces Strategic Move with New Lotus EV Venture Supported by LVMH

02/03/2023
Celebrating 60 Years of Excellence: Honoring Krieger Worldwide at the Go Global Awards

Celebrating 60 Years of Excellence: Honoring Krieger Worldwide at the Go Global Awards

10/23/2025
Pietermaritzburg & Midlands Chamber of Business Nominated for the Go Global Awards 2025

Pietermaritzburg & Midlands Chamber of Business Nominated for the Go Global Awards 2025

10/22/2025
Goenvi Technologies Accelerates Global Push in Carbon Removal and Circular Economy Solutions

Goenvi Technologies Accelerates Global Push in Carbon Removal and Circular Economy Solutions

10/21/2025
Trump Hints at Possible Tariff Reductions if China Offers New Trade Concessions

Trump Hints at Possible Tariff Reductions if China Offers New Trade Concessions

10/20/2025
U.S. Tariff Threat on Foreign Films Raises Concerns in the U.K. Industry

U.S. Tariff Threat on Foreign Films Raises Concerns in the U.K. Industry

10/20/2025
U.S. Moves to Cut Aid and Impose Tariffs on Colombia

U.S. Moves to Cut Aid and Impose Tariffs on Colombia

10/20/2025
Rising Tariffs Brew Challenges for U.S. Coffee Industry

Rising Tariffs Brew Challenges for U.S. Coffee Industry

10/20/2025
Tariffs Drive Up Costs and Shortages for U.S. Consumers

Tariffs Drive Up Costs and Shortages for U.S. Consumers

10/20/2025
International Trade Council and Future Farming Consortium Sign MOU to Accelerate Global Agri-Innovation

International Trade Council and Future Farming Consortium Sign MOU to Accelerate Global Agri-Innovation

10/16/2025
Company Spotlight: KRIEGER Worldwide | Norman Krieger, Inc.

Company Spotlight: KRIEGER Worldwide | Norman Krieger, Inc.

10/16/2025
Trump Poised for Historic First with Possible Attendance at Supreme Court Tariff Hearing

Trump Poised for Historic First with Possible Attendance at Supreme Court Tariff Hearing

10/16/2025
Trump Considers Attending Supreme Court Hearing on Tariff Authority Case

Trump Considers Attending Supreme Court Hearing on Tariff Authority Case

10/16/2025
supplychainreport
Friday, October 24, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Geely Announces Strategic Move with New Lotus EV Venture Supported by LVMH

by Raxer X.
02/03/2023
in Luxury Goods

Chinese automotive giant Geely has revealed its intention to list a portion of its sports car brand, Lotus, in the U.S. through a merger with a firm backed by the luxury goods investment group LVMH (Louis Vuitton).

Lotus, with a manufacturing facility in China, is set to focus on producing electric SUVs. According to Peter Wells, Director of the Centre for Automotive Industry Research at Cardiff University, this move is crucial for the survival of Lotus, characterizing it as a “do or die push for survival.”

YOU MAY ALSO LIKE

Designer Fragrances Embrace Niche Market Trends

Luxury Brands Adjust Strategies to Appeal to Aspirational Consumers

This announcement marks Geely’s latest strategic move as it aims to expand its presence in the global auto marketplace and solidify its position in the electric vehicle (EV) technology landscape. The global shift towards electrification in the automotive industry, particularly in Europe, has led to a growing market share for Chinese firms.

Wells commented on Geely’s role, stating, “Geely has been a steady steward for many of these companies, including Lotus, positioning them for the upcoming electric revolution by quietly investing substantial sums of money.”

In 2022, Chinese electric vehicles achieved a 9 percent market share in Europe, almost double the previous year, according to analysis by auto consultants Inovev. Chinese manufacturers exhibit a cost advantage, producing electric vehicles for an average of $11,000 less than their Western counterparts.

JATO Dynamics consultancy reports that the average price of an electric vehicle in Europe is 56,000 euros ($61,000), whereas Chinese groups have significantly reduced the average price of an electric vehicle in China to 32,000 euros ($35,000) by the first half of 2022.

Efficiency gains and the comparatively higher cost of battery production in Europe enable Chinese firms to compete favorably in the global market. Inovev predicts that Chinese groups could capture a fifth of Europe’s electric vehicle market by 2030.

Despite challenges related to production and affordability of electric cars, along with infrastructure concerns, the EU plans to end the sale of new petrol and diesel cars by 2035. In 2022, semiconductor shortages affected automakers, but the electric vehicle market showed resilience, reaching a record 12.1 percent share of the market in the European Union.

Looking ahead, experts anticipate a stronger future for electric vehicles, with Al Bedwell, Director of Global Powertrain at LMC Automotive, predicting a 50 percent growth in 2023 as the semiconductor supply chain stabilizes.

While Elon Musk’s Tesla remains the global leader in electric car sales, Chinese electric vehicle leader BYD is rapidly advancing, nearly tripling its sales in 2022 to 900,000 cars, with plans for further expansion in Europe and North America.

Chinese carmakers benefit from a robust domestic supply chain, including the world’s largest battery maker, CATL, providing access to innovative technologies like battery swapping and lithium iron phosphate batteries.

Stay current with supply chain report news at The Supply Chain Report. For international trade resources, visit ADAMftd.com.

#GeelyLotusUSListing #GeelyAutomotive #LotusSportsCars #LVMHInvestment #ElectricSUVs #EVTechnology #ChineseAutomakers #ElectricVehicleMarket #AutomotiveIndustry #ElectricVehicles #EVGrowth #BYDExpansion #CATL #EVSupplyChain #AutomotiveStrategy #LotusElectric #GeelyStrategy #EVMarketShare #AutomotiveRevolution #ElectricCars #EVPriceAdvantage #BatteryTechnology

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.