|Bid||12.140 x 0|
|Ask||12.160 x 0|
|Day's range||12.020 - 12.480|
|52-week range||8.300 - 19.200|
|Beta (5Y monthly)||1.17|
|PE ratio (TTM)||27.02|
|Earnings date||21 Mar 2023|
|Forward dividend & yield||0.21 (1.66%)|
|Ex-dividend date||02 June 2022|
|1y target est||18.30|
China’s Geely will list part of its sports car brand Lotus in the US through a merger with a shell company that was founded by an LVMH-backed investment group in a deal that values the automaker at $5.4bn. The merger announced on Tuesday will be between Lotus Technology, which has a plant in China and plans to make electric SUVs, and L Catterton Asia Acquisition Corp (LCAA), a special purpose acquisition vehicle, or Spac, founded by L Catterton. L Catterton is a private equity group backed by LVMH and the family holding company for Bernard Arnault, the luxury group’s founder and currently the richest man in the world.
Alibaba (BABA) partners with Geely, wherein the former's digital capabilities are going to be integrated into the latter's smart electric transport.
For Polestar CEO Thomas Ingenlath, the EV-maker’s first gross profit as a public company wasn’t the biggest takeaway from Q3.