23/08/2025
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Tag: Geely

🏭 Lotus Reverses Plan to Shut UK Factory After Fresh Support from Government

Cerus05 mins

In a dramatic reversal of fortune, Lotus Cars has decided not to proceed with the planned closure of its iconic production plant in Hethel, Norfolk—saving approximately 1,300 jobs. The decision follows urgent intervention from the UK Government, led by Business Secretary Jonathan Reynolds, who engaged directly with executives from Lotus and its Chinese owner, Geely,…

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Chinese Automakers Commit to Faster Supplier Payments Amid Fierce Price Wars

Cerus04 mins

Summary China’s largest automakers—including BYD, Geely, Nio, Xpeng, Li Auto, Xiaomi, GAC, FAW, Changan, and Chery—have pledged to pay their suppliers within 60 days. The move comes in response to government directives and growing industry concerns about protracted payment cycles exacerbated by aggressive price-cutting tactics in the EV market. What’s Driving the Change Industry Voices…

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