Geely has added Lotus to its portfolio of brands which already include Volvo and London Taxi Company.
It has pledged to invest in the brand and raises the prospect of new British sports cars from Norfolk factory which has suffered from under-investment for decades while it has an enthusiastic following in the Far East.
Geely’s Volvo investment has transformed the Swedish-based car maker and introduced a raft of new models while the Black Cab maker is now moving towards international sales on the back of its electrification programme.