It all comes down to tariffs as Lotus must double the price of its Eletre SUV. The all-electric ute is made in China and there is a 100% tariff on all Chinese-made vehicles. The Eletre Carbon model, ...

The Lotus Eletre EV is still scheduled to reach the U.S., with deliveries set to start in the first quarter of 2025. But the Chinese-made electric SUV is seeing a major price hike due to new U.S.

Lotus Technology Inc., the electric-car maker majority-owned by China’s Geely, has slashed its annual delivery target by more than half amid trade uncertainties and tariffs on Chinese-made EVs. The ...