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Lotus expands China business

The Geely brand Lotus is planning to produce its electric models in China. Between 2022 and 2026, four new electric models are to roll off production lines at a newly planned plant in Wuhan in the People’s Republic. The production of 2,000 compact SUVs will begin as early as next year, Feng Qingfeng, chief executive of Lotus, told Reuters. About one billion euros will be invested in the new production facility in China.

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