A Successful EV Start-Up Needs Cars, Capacity, and Cash

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A Successful EV Start-Up Needs Cars, Capacity, and Cash


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.



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