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British carmaker Lotus is planning a multibillion-pound flotation

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© Reuters. FILEPHOTO: Lotus signs can be seen in Hethel at the headquarters of Hethel car plants, Britain. June 23, 2021. Picture taken June 23, 2021. REUTERS/Dylan Martinez

(Reuters) – British automaker Lotus plans a flotation worth multibillions of pounds and is talking to potential investors, The Times reported. The Times did not cite the source.

According to the newspaper, Lotus intends to establish a manufacturing plant in China. The company is aiming for annual sales at 100,000 per year by the end.

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