The chairman of Chinese car maker Geely has confirmed that his company spoke to Lotus’s parent brand Proton two years ago, but said the talks never moved beyond the topic of technological cooperation.
Just days after rumours broke that his brand wanted to buy Lotus, Geely chairman Shufu Li said at a roundtable interview in Shanghai “Lotus’s parent company was seeking a partnership with other companies, but our conversations were just on the technological cooperation – we never talked about the purchase of equity.
“I learned of these latest rumours of an acquisition like you, through the media," he said.
While Li denied that his brand had proposed purchasing Lotus, he suggested Geely was interested in working with the British sports car maker in some way.
“Of course we are facing with different options,” he concluded, but wouldn't reveal any more.