Lotus has a brand new, reasonably priced automobile within the pipeline and it will not be electrical

Lotus has a brand new, reasonably priced automobile within the pipeline and it will not be electrical

A Lotus for extra of the plenty is coming.

Drew Phillips/Lotus

Lotus, now working with a brand new lease on life beneath Geely possession, continues to tease its huge plans for increasing. The primary huge information got here within the type of the Lotus Evija, a brilliant unique electrical supercar. Now, CEO Phil Popham has spilled gentle particulars on the following challenge.

It is none aside from an reasonably priced automobile, meant to come back after the Evija and it’ll undoubtedly serve the other finish of the spectrum, Popham informed Bloomberg in a brand new interview printed Wednesday. The Evija will probably be restricted to 130 vehicles and value $2 million. This unnamed automobile will price between $67,000 and $110,000, so not precisely the following folks mover, however not $2 million, both.

What’s unclear is what sort of sports activities automobile this will probably be and Lotus did not instantly reply to Roadshow’s request for remark. It ought to provide house for on a regular basis use, however that might imply something from a grand touring kind of automobile and one thing extra sensible. What we do know is that this new mannequin would be the final Lotus with an internal-combustion engine. After that, Lotus plans to deal with different powertrains, evidenced by the Evija’s all-electric powertrain. Some cues from the Evija ought to make their strategy to this entry-level mannequin, too.

With the extra reasonably priced mannequin, Lotus needs to provide 5,000 vehicles per yr slightly than 1,600, in line with Popham. Sooner or later, it sounds just like the model is not afraid to deal with different segments outdoors of sports activities vehicles both. The CEO famous Geely has expertise with different kinds of vehicles and did not rule out the oft-rumored SUV mannequin or a sporty sedan.

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