The Chinese government threatened retaliatory tariffs on imports of European Union and US-made vehicles following the EU’s move to investigate Chinese EV subsidies and the White House’s tariff escalation on Chinese-made goods.
Luxury buyers are a fickle bunch. But Italian luxury brand Lamborghini seems to have figured them out.
Trading under the ticker LOT on the Nasdaq, Lotus Tech will focus on the higher end of the EV market.