Key facts
- Lotus is considering producing its new plug-in hybrid SUV in the United States.
- Tariffs have impacted sales of Lotus's Chinese-made electric vehicles.
- The tariffs have contributed to a significant drop in global deliveries for Lotus.
- Lotus is a British sportscar maker.
- The company is exploring production options to address tariff concerns.
British sportscar manufacturer Lotus is contemplating a shift in its production strategy, exploring the possibility of manufacturing its new plug-in hybrid SUV within the United States. This potential move is a direct response to the financial pressures exerted by tariffs, which have adversely affected the sales performance of its electric vehicles that are currently produced in China. The impact of these tariffs has been significant, contributing to a notable decline in Lotus's overall global deliveries. The company is actively assessing various avenues to navigate and mitigate the economic consequences stemming from current trade policies and their influence on its market reach and sales figures.