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Genii capitalizing on Lotus F1 tech with new sports car?

Detractors will tell you that there's little to be applied from Formula One racing to the cars we drive, but what about the cars most of us could only dream of driving? We're talking about supercars from the likes of Ferrari and McLaren - two hugely successful F1 racing teams that have successfully made the transition into building exotic sports cars for the road. And soon there may be one more.
That would be the Lotus F1 Team, which is rumored to be working on a sports car project of its own. Now we know what you might be thinking: Lotus already makes sports cars. Indeed they do, only the F1 team has nothing more to do with the automaker behind the Exige and Evora than the name they share. Today the team (formerly known as Toleman, Benetton and Renault) is owned by Genii Capital, whose chairman Gerald Lopez recently confirmed the rumors to Auto Motor und Sport: "We are going to develop a carbon chassis for a sports car that can be built in large quantities.... But this has nothing to do with Formula 1."
With little to nothing in the way of details available, the circulating rumors had tied the venture to on-again, off-again Italian auto marque De Tomaso. But our source at ATS (which recently bought the rights to the De Tomaso name following Gian Mario Rossignolo's aborted attempt to revive it) firmly denied the prospect of any such collaboration. Spokesmen for the Lotus F1 Team would not divulge any information; neither would the press office for parent company Genii Capital, leaving the door wide open to speculation once again.

Why Lotus thinks its luxury EV game plan will succeed globally

  Luxury sports car and EV maker Lotus completed its SPAC merger last week in the U.S. and its stock was publicly traded for the first time on Friday. It’s an interesting turn of events for the Geely-backed automaker now known as Lotus Tech given the uncertain EV market, but one that may prove an exception to the struggles of other pure-play EV makers. Trading under the ticker LOT on the Nasdaq, Lotus Tech will focus on the higher end of the EV market with its Eletre SUV and Emeya sedan, which will not only be offered in the US but also in Europe and, more importantly, China. “What is most important here is that we are definitely going to more markets at the same time through more models and through more stores,” said Lotus Tech CFO Alexious Lee to Yahoo Finance from the Nasdaq market site. By the end of the year Lotus will have four vehicles in production, three of them EVs. “These four models are currently available in Asia Pacific and part of it is also available in UK and EU,” Lee said. “We're having the new [Eletre] SUV model coming into the U.S. in the third quarter of this year, so different markets have different strategies and different product offerings and different conditions." Lotus is able to go to market in a number of territories due to the backing of its majority owner, Chinese auto giant Geely. But it also raised a considerable amount of money through its SPAC merger. Lotus Tech said it raised more than $880 million in pre-closing and PIPE financing commitments, with a targeted valuation on listing day of nearly $7 billion. Lotus Tech also had an interesting partner with its SPAC merging, combining with L Catterton Asia Acquisition Corp (LCAA), which is backed by French luxury conglomerate LVMH. Lotus Eletre in Solar Yellow View 11 Photos As Lotus targets the luxury segment with its vehicles — the Eletre and Emeya will be playing in the $80,000 to $150,000 ballpark — having a partner like LVMH, with its deep connections and insights into the luxury consumer, could be hugely beneficial. “Now what is more important here is Anish Melwani, who is the CEO for LVMH North America, will be on the board of Lotus Tech,” Lee said.

Lotus Evija X track special appears in spy photos at the Nurburgring

Few people would say the Lotus Evija is lacking in performance. It's meant to make just shy of 2,000 horsepower and is light for an electric car at around 3,700 pounds. But apparently Lotus wants to go further. These spy shots reveal a wild track-only special that's clearly labeled the Lotus Evija X testing at the Nurburgring. We're assuming this X will be substantially lighter than a regular Evija. It has a bare carbon body with seemingly fewer individual pieces. The headlights are gone and so are the rear windows. The interior appears gutted, too. That carbon body is far from stock, too. It's much wider and has all manner of downforce-producing add-ons. The front has a massive front splitter and canards and cutouts above the front wheels. The sides even have wide splitters with struts. And the X's crown aero accessory is that enormous wing that rises well above the roof.  The wide body also encompasses fat slick racing tires that are almost certainly not street legal. They bear the Pirelli P Zero name on the sidewalls, and they're wrapped around center-lock wheels. AP Racing brakes are tucked inside. There are of course plenty of questions surrounding the Evija X. It's definitely a track-only machine, but is it a one-off, or is it going to be sold in extremely limited numbers to select buyers? Maybe Lotus wants to take the Evija racing? Though it seems more like a rules-be-damned type of car like the Pagani Zonda R. Or maybe the Volkswagen ID.R, the fastest electric car to lap the 'Ring, would be a closer analogue to the Evija X. The spy photographer that provided these photos said the track was rented out for the day by Lotus, and some sort of notary was on hand, likely to certify a lap time. If Lotus is gunning for an EV lap record there, the Evija R is going to be outrageously fast. The ID.R's time sits at a shocking 6:05.336. And if the Lotus tops it, it would become the second fastest overall car at the 'Ring. We'll definitely be looking forward to more details and an eventual lap time. Related video: