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Minister Ma Hui Attends the Launch of All-electric Lotus Cars under Zhejiang Geely Group

On July 16, 2019, Minister Ma Hui of the Chinese Embassy attended the launch of the Lotus Evija, an all-electric hypercar manufactured by Group Lotus Plc, a unit of Zhejiang Geely Holding Group Co Ltd, and delivered a speech. The Rt Honourable Greg Clark MP, Secretary of State for Business, Energy and Industrial Strategy, Andrew Stephenson MP, Minister for Business and Industry, Richard Bacon MP for South Noffolk, An Conghui, President of Geely Holding Group and President of Geely Automobile Group, Li Donghui, Executive Vice President and Chief Financial Officer, Feng Jingfeng, Vice President and Chief Technical Officer of Geely Automobile Group and Global President of the Group Lotus, Phil Popham, Lotus Cars CEO, and 150 representatives of the Chinese and British political and business circles were present.

Minister Ma first extended his congratulations on the first all-electric hypercar unveiled by Lotus under the ownership of Geely, calling it the golden fruit of the business partnership and win-win cooperation between China and the UK. Britain is a world leader in auto industry and has many quintessential British brands. China is the world’s largest auto manufacturer and largest market. As the auto industry undergoes major transformation, Chinese and British carmakers have been building strong partnerships and matching their complementary strengths to achieve win-win results and common development. After taking a controlling stake in Lotus, Geely has kept its pledge of investing in the expansion of the Lotus product line to new energy vehicles, starting a new chapter in Lotus. This is also a vivid example of China-UK joint commitment to green and open development. China is actively pursuing the concept of innovative, coordinated, open, green and win-win development to vigorously promote renewable energy and new energy vehicles. The UK is a free trading nation and a world leader in innovation. China and the UK are actively responding to climate change. Geely and Lotus are working together to develop all-electric vehicles, leading the trend of the times, boosting the momentum of economic growth, and making new contribution to a clean and beautiful world. A more open China and a globalized UK will work together to bring greater benefits to both countries and the world.

Secretary Clarke said that the release of this sleek and high-performance all-electric hypercar will not only reinvigorate the Lotus brand, but will also profoundly change people’s perception of electric vehicles. It symbolises a revolution in the electric vehicle industry. Climate change is a global challenge that requires joint response from the international community. Two years ago, he had the privilege of attending the launch of the Antis plant, a London-based electric car company and a wholly-owned subsidiary of Geely. Thanks to Geely, Londoners became the first in the world to use low-emission electric vehicles. Last year, China sold more electric vehicles than all the other countries in the world combined. The UK and China can learn from each other and joint hands to build an electric and electrified future. The link between Geely and Lotus will help deepen the connectivity between the UK and China in various fields, which is of great significance to promoting the “Golden Era” of UK-China relations.

President An Conghui said that Geely Holding Group is a young, open and innovative company that has been continuously extending its global reach. It has extensive cooperation with the automotive industry in Sweden, Britain, Germany and Malaysia. In the past eleven years, it played an important role in the successful transformation of Volvo, London Taxi and Proton. Since taking a controlling stake of Lotus, Geely has taken practical measures to help the company achieve a renaissance. The birth of this new car is a milestone in the history of Lotus. He was convinced that with the deepening of China-UK economic and trade cooperation, Lotus’ return as the world’s top stage of luxury sports car will no longer be a dream.

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Founded in 1948, Group Lotus Plc has a history of more than 70 years in manufacturing sports cars and employs about 1,500 people. It was on the verge of bankruptcy due to operational difficulties. In 2017, Zhejiang Geely Holding Group acquired a 51% controlling stake in Group Lotus and a 49% stake in its parent company, Malaysia’s Proton. Since then, Geely has focused investments on the transformation of Lotus, with the expansion of its product range to new energy sports cars.

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