Lotus to Launch Supercar in 2028, Scaling Back Full Electric Transition Goals

Published: May 12, 2026 13:14
[Lotus Scales Back EV Transition Plan, Plans to Launch New Supercar in 2028] Lotus announced that it will launch the brand's first-ever supercar by 2028, while scaling back its full EV transition targets. The UK sports car manufacturer is shifting toward a hybrid-focused product strategy in response to the industry environment of slowing global EV demand and declining government subsidies across countries.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Hyundai Motor publicly supports Indonesia’s policy to expand EV incentives for nickel use
3 hours ago
Hyundai Motor publicly supports Indonesia’s policy to expand EV incentives for nickel use
Read More
Hyundai Motor publicly supports Indonesia’s policy to expand EV incentives for nickel use
Hyundai Motor publicly supports Indonesia’s policy to expand EV incentives for nickel use
According to Indonesian state news agency Antara and other local media on May 14, Chief Operating Officer of Hyundai Motor Indonesia (HMID), met with reporters the previous day at an event in Jakarta announcing the winners of the “FIFA World Cup 2026 Test Drive Campaign.” He said, “Since establishing the Karawang battery cell plant, we have had a clear goal of maximizing the use of Indonesia’s nickel resources,” adding that “directly utilizing these resources in industry is a way to contribute to the national economy, and Hyundai Motor fully supports the government’s plan to expand incentives.”
3 hours ago
China's Used Car Market Sees April 2026 Sales Dip, Year-to-Date Volume Up
4 hours ago
China's Used Car Market Sees April 2026 Sales Dip, Year-to-Date Volume Up
Read More
China's Used Car Market Sees April 2026 Sales Dip, Year-to-Date Volume Up
China's Used Car Market Sees April 2026 Sales Dip, Year-to-Date Volume Up
According to data released by the China Automobile Dealers Association, in April 2026, the national used car market recorded a transaction volume of 1.6712 million units, down 6.73% MoM and down 1.76% YoY, with a transaction value of 113.476 billion yuan. From January to April 2026, the cumulative used car transaction volume reached 6.4932 million units, up 2.93% YoY, an increase of 184,600 units compared with the same period last year, with a cumulative transaction value of 426.358 billion yuan.
4 hours ago
C&D Inc. Signed Cooperation Memorandum with CATL
5 hours ago
C&D Inc. Signed Cooperation Memorandum with CATL
Read More
C&D Inc. Signed Cooperation Memorandum with CATL
C&D Inc. Signed Cooperation Memorandum with CATL
[C&D Inc. and CATL Signed Strategic Cooperation Memorandum] Xiamen C&D Inc. and CATL signed a strategic cooperation memorandum. The two parties will leverage overseas investment as a bond to conduct in-depth cooperation across the upstream and downstream of the new energy industry.
5 hours ago
[Lotus Scales Back EV Transition Plan, Plans to Launch New Supercar in - Shanghai Metals Market (SMM)