Official Thread [Official] Lotus Electric Hypercar now confirmed

[Tourbillon]

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These are *pre production values and I believe but haven't checked that some of the values have increased, it's a been awhile since I looked. The purpose is to highlight the FIVE driving modes contained within the video. I've checked it hasn't been shared yet or the values in this comments stream.

Modes/power/torque

1. Range 1000hp/800NM
2 City provides greater power control (same values in rear wheel drive only format) and decreases the level of regenerative braking for urban environments
3 Tour 1400hp/1700NM
4 Sport 1700hp/1700NM
5 Track 1973hp/1700NM or 1254lbs/ft in plain English

And that's really it EXCEPT one thing. Lotus has been taking fire for "non deliveries" (not saying here) of this production hypercar. This project for Lotus is as challenging for THEM as perhaps the AMG ONE was for Mercedes, but for different reasons. Maybe more so because Lotus to my knowledge have zero hypercar or hypercar production or EV related experience or expertise in any of those fields. Ground up brand spanking new.

So 2023 is slated or penciled in, even if it went to 2024 it would be in line with Aston Martin and Rimac and hell even the Bugatti Veyron. Just saying!

 

[A.P.]

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These are *pre production values and I believe but haven't checked that some of the values have increased, it's a been awhile since I looked. The purpose is to highlight the FIVE driving modes contained within the video. I've checked it hasn't been shared yet or the values in this comments stream.

Modes/power/torque

1. Range 1000hp/800NM
2 City provides greater power control (same values in rear wheel drive only format) and decreases the level of regenerative braking for urban environments
3 Tour 1400hp/1700NM
4 Sport 1700hp/1700NM
5 Track 1973hp/1700NM or 1254lbs/ft in plain English

And that's really it EXCEPT one thing. Lotus has been taking fire for "non deliveries" (not saying here) of this production hypercar. This project for Lotus is as challenging for THEM as perhaps the AMG ONE was for Mercedes, but for different reasons. Maybe more so because Lotus to my knowledge have zero hypercar or hypercar production or EV related experience or expertise in any of those fields. Ground up brand spanking new.

So 2023 is slated or penciled in, even if it went to 2024 it would be in line with Aston Martin and Rimac and hell even the Bugatti Veyron. Just saying!

Those prototypes are nice, but the real reason there haven't been customer deliveries is this.

Lotus ends Evija development contract with Williams Advanced Engineering | Autocar

Engineering firm begins legal action against Lotus, claiming decision is "wrongful and without any legal basis"

www.autocar.co.uk

My theory, Lotus needed to start the development of the batteries and e-motors from scratch in 2020. Williams took their stuff back and said: Sod off Lotus! In other words, like Valkyrie and AMG One it has been a rough development time.

 

[Tourbillon]

Those prototypes are nice, but the real reason there haven't been customer deliveries is this.

Lotus ends Evija development contract with Williams Advanced Engineering | Autocar

Engineering firm begins legal action against Lotus, claiming decision is "wrongful and without any legal basis"

www.autocar.co.uk

My theory, Lotus needed to start the development of the batteries and e-motors from scratch in 2020. Williams took their stuff back and said: Sod off Lotus! In other words, like Valkyrie and AMG One it has been a rough development time.

It's certainly a part of it. I logged some stuff elsewhere. But originally I'm sure it was a partnership from memory in research and development. I'll find out at somepoint.

 

[Rolf]

Wow 4 wheel burnout is insane from that car. It certainly has got the looks, its a fantastic looking BEV hypercar.

 

[Tourbillon]

Wow 4 wheel burnout is insane from that car. It certainly has got the looks, its a fantastic looking BEV hypercar.

LOL! 100% impressive! It's a gorgeous car!

 

[Tourbillon]

Lotus Spins Off EV Division in $5.4 Billion SPAC Deal

EV subsidiary of storied Lotus Cars, Lotus Technology, is being spun out in an initial $5.4 billion SPAC merger!

cleantechnica.com

Lotus Spins Off EV Division In $5.4 Billion SPAC Deal

EV subsidiary of storied Lotus Cars, Lotus Technology, is being spun out in an initial $5.4 billion SPAC merger!

"The EV subsidiary of Lotus Cars, Lotus Technology, is being spun off in an SPAC-style merger with L Catterton Asia Acquisition Corp. (LCAA) that’s valued at $5.4 billion!

The legendary sports car company that the late, great Colin Chapman guided to Formula 1 glory in the 20th century remains incredibly relevant in the 21st century by producing both the world’s most powerful 2000 HP electric hypercar, and developing innovations in chassis design and vehicle handling dynamics that continue to drive companies like Polestar and laid the foundations for the early success of new industry giants like Tesla (the original Tesla Roadster was, of course, based on a Lotus Elise chassis — according to the company’s CEO, Elon Musk).


More recently, Geely, the Chinese corporation that owns Volvo and Polestar, purchased the storied brand. Its integration gave Lotus access to Geely’s economies of scale, and gave Geely unfettered access to Lotus’ engineers — especially those in the Lotus Technology division, and the spinoff of that division should make it easier for them to attract automotive clients by establishing a more distinct operating entity from Lotus Cars.

The move is also likely to benefit the Lotus Cars brand by providing some of the funding it requires to launch more of its exciting electrified products like the previously-mentioned 2000 HP Evija and the more “conventional,” 600 HP Eletere SUV.

“This is an exciting time for Lotus Tech as we work towards delivering our first fully electric hyper SUV, applying our innovation and engineering expertise to meet the rising global demand for luxury EVs,” said Mr. Qingfeng Feng, Chief Executive Officer of the company. “We believe the proposed Business Combination and listing will help position Lotus Tech as a leading global luxury EV company and will enable us to further execute our strategy, accelerate our growth, and importantly, further our mission to steer the industry towards a more sustainable future.”

Over on the LCAA side, the executives seem similarly excited about the SPAC merger. “The global EV market is expanding rapidly, with the luxury segment growing at a faster pace than the broader industry. China, the EU, the UK, and the U.S. are expected to fuel the majority of this growth over the next decade as government policies in these regions provide further tailwinds for EV sales,” said Chinta Bhagat, Co-Chief Executive Officer of LCAA and a Managing Partner in the Asia fund of L Catterton. “Lotus Tech is well positioned to benefit from these dynamics, as it is a pioneer in the decarbonisation of luxury automobiles and its management team and R&D experts have demonstrated that they have the ability to lead the energy transition in the Company’s target segment and geographies. We look forward to a fruitful partnership with them to extend Lotus Tech’s technological and market leadership.”

The Business Combination transaction between Lotus Technology and LCAA values the Combined Company at approximately $5.4 billion (US), with $288 million of cash from LCAA’s trust account included under the assumption that none of LCAA’s public shareholders elect to redeem their shares. Proceeds from the Business Combination are expected to be used for further product innovation, something the company is calling “next-generation automobility technology development,” global dealer network expansion, and general corporate purposes (read: bonuses all-around, probably).

Source | Images: Lotus, via PR Newswire."

Well, I'm literally shocked!

 

[Centurion]

What are they spinning off that’s worth investing in? Brand equity and awareness are low and the business has no proprietary tech with a tangible advantage.

 

[Tourbillon]

What are they spinning off that’s worth investing in? Brand equity and awareness are low and the business has no proprietary tech with a tangible advantage.

I mean, I'll take a look in a few days man. I've got zero ide what Geely or Lotus or these new guys are doing! Completely out of the blue.

 

[Tourbillon]

Renderings of a racer and I think they're good!

 

[Tourbillon]

No fear.

 

[Tourbillon]

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I'll see about watching it, I mean I found some of his Mclaren stuff a little over critical from a couple of years back. But still others may want to watch it, so here it is!

 

[Centurion]

It's a nutshell he's saying that the Evija is vapourware. I can't challenge that point of view as it's questionable as to whether Lotus have secured enough purchase intent for the car to be financially viable.

 

[A.P.]

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I'll see about watching it, I mean I found some of his Mclaren stuff a little over critical from a couple of years back. But still others may want to watch it, so here it is!

He forgot to mention the development hell and the "Williams problem" they had and probably still have.

 

[Tourbillon]

He forgot to mention the development hell and the "Williams problem" they had and probably still have.

Yes there was that slight hiccup. Changing OEM's that late into a project whether you bring the engineering in house or not, from memory, isn't the best of circumstances to be in. Smh.

 

[Tourbillon]

It's a nutshell he's saying that the Evija is vapourware. I can't challenge that point of view as it's questionable as to whether Lotus have secured enough purchase intent for the car to be financially viable.

My take is if Geely can afford the Eletre then the Evija should be OK. If none get delivered this year then my alarm bells will be going off, a little!

 

[Centurion]

My take is if Geely can afford the Eletre then the Evija should be OK. If none get delivered this year then my alarm bells will be going off, a little!

The Evil will have a significantly higher unit cost than an Evija. Lotus have made BOLD performance and spec sheet claims that will cost them a fortune to materialise.

Touting the hypercar as the most powerful production car will result in journalists and owners putting it through the paces around the ring, Laguna Seca and other highly demanding tracks. Everything from heat management and charging will need to be nothing short of perfect, lap after lap after lap.

The more Lotus delays the car, the further away goal posts are being moved by the likes of the GT3 RS, 750s and soon the GT2 RS.

 

[Tourbillon]

The Director of Lotus Advanced Performance just stated something to us^^

That's literally 12 minutes old and it's a World Exclusive first confirmation of delivery of production Lotus Evija Hypercars. It looks like a Fittipaldi Edition too.

I'm well happy!

Keep watching she'll perform definitely. Defiantly.

Can she beat the Rimac Nevera?

I don't know.

But there are no losers if you own either one or both!

 

[Tourbillon]