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Jan 5, 2019,  by Allianz Partners Business Insights

Lotus planning electric hypercar with over 1,000 horse power

Lotus’ latest ambition is to break into the "hypercar" segment alongside such famous names as Porsche, Ferrari and McLaren. The legendary British constructor, which has been taken over by Chinese giants Geely, is now planning to manufacture an electric car with extraordinary properties – and a price tag that is equally eye-watering... 

Automotive manufacturer Lotus, which has been a close ally of Tesla ever since it was founded by Elon Musk, is now also looking to get into the electric vehicle sector, according to a report on Autocar website on 6 December. The legendary English constructor is apparently designing a hypercar which could have over 1,000 horse power under the hood. The vehicle is being named Omega and will be the exclusive preserve of the privileged few, as it will be a limited edition that retails at the princely sum of 2 million pounds (2.2 million euros), according to French website Numerama


Ready to rival the Porsche 918 Spyder


Project Omega is Lotus’ way of rubbing shoulders with other huge names in the sportscar game such as Porsche, McLaren and Ferrari. The future hypercar will not only have exceptional power but the latest in cutting-edge technology – hence the hefty price tag.

Very little information has been officially published regarding the technical characteristics of the car, which is being designed to rival luxury hybrids such as the Porsche 918 Spyder, the Bugatti Chiron and the McLaren P1. Its battery will therefore have to be fitted with a limited number of cells to keep its weight down whilst nevertheless being as efficient as possible – a real challenge when it comes to the autonomy range.


Take-over by Chinese giant Geely 


Lotus got a new supremo in the shape of former Ferrari employee Dany Bahar, who was placed at the helm in 2010 to get the firm back on track with an ambitious five-year plan that was meant to be marked by the Elan, Elite and Esprit sport cars, but which never ended up seeing the light of day. The company was then the subject of multiple take-overs and finally ended up being purchased by Geely.

This Chinese giant also owns Volvo, Polestar and Lynk & Co, and since becoming Lotus’ main shareholder, it will give the English brand the support it needs to break into the hypercar segment. The Omega is not expected to be available before the beginning of the next decade however, due to the fact that Lotus is currently working on a number of other projects simultaneously.


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