Lotus is touting its electrification push to help drive interest in a potential listing of its China-based business.
Lotus Tech, which is developing electric cars for the British sports car maker, is weighing a listing in the UK, U.S. or China, spokesman James Andrew told reporters in London.
Last week, Lotus showed its upcoming Type 132 electric SUV -- developed by Lotus Tech and due to be built in Wuhan -- to the financial community and dealers in London.
The size of the issue and valuation are still to be determined, and no decision has been made on whether to proceed with an IPO, Andrew said.
Lotus Tech is key to parent Zhejiang Geely Holding Group's plan to grow sales from the low-volume brand to 150,000 annually from 1,710 last year, driven primarily by the sale of what it bills as electric "lifestyle" vehicles.
Lotus has said that half of its total sales may come from China in five years.
Like many other automakers, UK-based Lotus is pivoting from combustion engines to electric vehicles. The long-awaited Emira sports car that will start deliveries later this year will be its last gasoline-only model.
The company's all-electric product pipeline includes a sports sedan due to be introduced next year, a smaller SUV the year after, and a sports car due in 2026.
Chinese billionaire Eric Li's Geely, which also controls Sweden-based Volvo Cars, purchased a stake in Lotus in 2017.
It owns 51 percent of the company while Malaysia's Etika Automotive owns the remainder.
Under Geely, Lotus in 2019 launched its all-electric Evija hypercar, a 1,972-hp coupe that costs about $2 million.
Volvo, which aims to be an electric-only brand by 2030, completed an IPO last October and another Geely subsidiary, Polestar, plans to go public via a merger with the special-purpose acquisition company Gores Guggenheim in the first half of this year.
