The company that provided the chassis for the original
Tesla
Roadster has reimagined itself as an electric-vehicle start-up. The market doesn’t have much love for EV start-ups in general these days, but it likes this one.
This past week, special-purpose acquisition company, or SPAC,
L Catterton Asia Acquisition
(ticker: LCAA) announced it was merging with Lotus Technology in a deal valuing the car maker at about $5.4 billion.