Lotus, British sports car manufacturer is adding an additional 200 new engineers to their workforce as the part of their ambitious production plan. Their expansion plan is bankrolled by Chinese backer, Geely. This news was reported by The Telegraph and stated that Lotus is planning to triple its production to 5,000 units each year. They will also open an engineering center in Midlands. Geely already has few electric hypercars and they injected Lotus with multi-billion-dollar investment. CEO Phil Popham said that the company has been survival mode for many years but its time to get aggressive.
They are hiring engineers for the current site and also at Midlands. Phil wants to tap industrial resource outside Norfolk to enable their growth. Way back in the year 2017, Geely took control of Lotus in a deal worth £100 million. Li Shufu, the billionaire behind Geely wants to change fortune of the British sports car maker for good. He wants Lotus to be a credible rival to other renowned best supercar makers rather than just keeping afloat after incurring loss.
Interestingly, Lotus disclosed a month back that they are developing their first-ever hypercar. It has been dubbed as “Type 130” and will be powered with all-electric powertrain. The powertrain is developed by Williams Advanced Engineering and is expected to pump out in excess of 1,000hp. It will make its debut later this year, but no specific date has been set till date. We will get to know more about Type 130 in coming months.