Lotus unveils plug-in hybrid in latest luxury car pivot away from electric
British sports-car maker to launch Chinese-made Eletre X in Europe in June
British sports-car maker to launch Chinese-made Eletre X in Europe in June

Chief executive slashes sales target and unveils strategy to revive struggling manufacturer controlled by China’s Geely

Hybrid pioneer’s push comes as rivals scale back their EV targets

Hit by high EV tariffs, Chinese auto groups have pivoted to selling cheaper, technologically advanced vehicles

Chinese owner’s ambitious plans for sports-car maker hampered by chaotic decisions, departures and job cuts

Luxury-car makers have been hit hard by US policy changes, tariffs and slowing demand in China

Decision casts doubt over future of joint venture combining both Japanese companies’ strengths