British carmaker Lotus to stage a multibillion-pound market entry

British carmaker Lotus is planning a multibillion-pound flotation, The Times reports.

Lotus is in the middle of discussions with prospective investors, the report added.

According to the report, the car maker is moving to open a production plant in China.

Lotus is targeting annual sales of 100,000 by the end of the decade, The Times added.

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