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  1. Nick in Sydney

    Lotus shares are down 90% from IPO

    I'd love to be a fly on the wall in the Geely or L Catterton board room! Lotus Technology shares closed yesterday at a new 52-week low of $1.48. Over the past year, the share price is down -82%. On the day of the Nasdaq SPAC, the shares closed at $13.80, so Lotus has lost about 90% of its...
  2. Nick in Sydney

    Autocar - 911 GTS vs Emira

    Big price difference! As tested, the 911 was £145,000 and the Aston was £165,000. I'll happily accept 4th place against that group. I wonder if the Turbo SE would have done worse or better?
  3. Nick in Sydney

    Lotus announces 2024 delivery numbers

    Lotus delivered 12,065 vehicles in 2024, representing a year-on-year increase of over 70% and boasting the top growth rate among leading luxury brands. China contributed approximately 25% of the total global deliveries in 2024. In 2025, the Company aims to increase global deliveries by 20% with...
  4. Nick in Sydney

    Lotus Technology announces hybrid technology

    This makes a lot of sense to me. It seems that Lotus has worked out that they went too early on pure EV! Maybe they'll put a hybrid engine in the TYP 134 Macan competitor and possibly in the TYP 135 as well? Below is the transcript of the conversation between Wall Street Journal and Lotus...
  5. Nick in Sydney

    Lotus - vehicle deliveries for first nine months of 2024

    Lotus delivered 7,543 vehicles in the first nine months of 2024. Yes, that's a big increase versus last year, but the quarterly deliveries aren't really "ramping up" in 2024. IMO, growth seems to have stalled. Lotus only delivered 2,670 vehicles in Q3, so I really can't see them achieving...
  6. Nick in Sydney

    Lotus Technology 1H 2024 Financial Results

    https://ir.group-lotus.com/news-releases/news-release-details/lotus-technology-reports-unaudited-second-quarter-and-first-half Lotus is trying to put a positive spin on the results, but they're ugly. -- Total 1H deliveries of 4,873 units -- Lifestyle/SUV were 2,389 and sports cars were 2,484...
  7. Nick in Sydney

    100% import tariff on Chinese-made cars in USA

    I see that Volvo has announced a delay in launching their EX30 in the USA while they shift production from China to Europe to avoid the new 100% tariff on Chinese-made cars. For those who haven't followed the story, in May the US government announced that the import tariff on Chinese-made...
  8. Nick in Sydney

    Lotus Technology issues $110M bond

    https://ir.group-lotus.com/news-releases/news-release-details/lotus-technology-secures-investment-strategic-investor Lotus just raised $110M from Geely International. I'm sorry to add more fuel to the fire, but I don't think it's a good sign that the newly listed group needs another $110M only...
  9. Nick in Sydney

    Steering wheel noise when turning

    Has anyone else experienced a noise from the steering wheel while turning? I notice it most in car parks when turning fairly tightly. I'd describe it as a flat clicking (clacking?) noise like two bits of plastic snapping against each other or a piece of plastic cracking.
  10. Nick in Sydney

    Emira interior design inspiration

    I was interested to read that Jennifer Andriamamonjy who came up with the interior design concept for the Emira was inspired by the Esprit Series 1. You can actually see the influence when you compare her design sketches with the old Esprit. I've always felt that the low passenger side...
  11. Nick in Sydney

    Why would you buy a new Emira in the UK?

    Sincere question for the Brits on this forum (I promise I'm not stirring): why on earth would you accept delivery of a new V6 Emira from Lotus at the moment? There are 73 cars available for sale in the UK with low or delivery miles and prices as low as £66,000. Surely any rational person...
  12. Nick in Sydney

    Is this a leather defect?

    The leather trim along the top of my driver's door (second photo) is very even and consistent and wouldn't look out a place in a Porsche. But the trim on my passenger door is much more grainy and "textured" and has at least two visible circular areas where it looks like the grain has been...
  13. Nick in Sydney

    Only three more years of ICE Emira?

    We've probably discussed this before, but if you look closely at the wording in the Lotus SPAC investor presentation, it very clearly states that Lotus will be a BEV only company by 2027. The January SPAC presentation specifically says that "ICE production will end in 2026." The July...
  14. Nick in Sydney

    Factory tour - 16 Aug 2023

    I did the Hethel factory tour this morning. It's genuinely terrific, and I highly recommend it. For a full day, combine it with the driving academy in the afternoon or with the Heritage Collection tour. You have to visit Hethel to fully appreciate what a relatively small almost "family-style"...
  15. Nick in Sydney

    No User Manual is being provided

    The most recent batch of Emiras delivered to Australia doesn't include a User Manual. The factory says they are no longer providing a paper manual, only an online manual via the Lotus website. Has anyone taken delivery in the UK in the past few days, and is this the same there? BTW, the car...
  16. Nick in Sydney

    Henry Catchpole - Carfection review

    Here's an exclusive for you! I was just on a live chat with Henry Catchpole and he told me that the Carfection Emira review video is currently being edited.
  17. Nick in Sydney

    First photo of Dark Verdant?

  18. Nick in Sydney

    Top Gear: Video Review

  19. Nick in Sydney

    Autocar (UK) review of 007 Emira prototype

    https://www.autocar.co.uk/car-news/new-cars/first-drive-2022-lotus-emira-prototype-review
  20. Nick in Sydney

    Autoweek (USA) review of 007 prototype

    https://www.autoweek.com/news/a39351775/lotus-emira-final-combustion-sports-car-review/?_ga=2.188239598.730650957.1646733309-309575207.1646733309
  21. Nick in Sydney

    Email sent to Australian FE deposit holders

    We all got this email today. Some interesting information contained in it regardless of your location . . . Hi [ ], On behalf of the team at Lotus Cars Australia and your local dealer, I would like to congratulate you on your decision to lock in an order for an Emira V6 First Edition. The...
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