When Geely took over operations of boutique sportscar manufacturer Lotus, it confirmed that it had desires to grow the brand into a competitive luxury manufacturer. This was affirmed after the reveal of the Evija electric hypercar which is likely to be followed-up by an all-electric SUV, rumoured to be called the “Lambda”.
According to Autocar, this crossover is set to launch in 2022 and be produced in China which is also likely to be its strongest market. It is Lotus’s intention for this new model to lead the charge in terms of brand relevance and volume growth within that market as well as the USA.
The initial goal is to increase Lotus’s sales from 1 500 to 5 000 units annually in the next few years. To improve economies of scale, it’s believed that Geely will make use of a recently updated plant located in Wuhan, China which has an annual production capability of 150 000.
The plan for an SUV by Lotus was initialised by former boss Jean-Marc Gales in 2016 with the idea that it would be a petrol-electric hybrid production. Since then however, the demand for a fully electric vehicle has increased in key markets.
It’s understood that Lotus has worked extensively on developing lightweight materials to counteract the mass of a heavy battery. Geely design boss Peter Horbury noted that a sports SUV is “never going to be as light as an Evora. But I’m sure if you’re calling it a Lotus, it has to be the lightest it can be of that genre.”
It’s rumoured that the Lambda will boast a power output of 560 kW, a range of 580 km and a competitive price tag.