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The iconic Lotus brand is going public on the US Nasdaq exchange under the ticker LOT as the pioneering luxury EV maker looks to become a global competitor.

Founded in 1948, Lotus is celebrating its 75th anniversary this year after growing to become a renowned sports car manufacturer.

In June 2017, Zhejiang Geely Holding Group, better known as Geely, bought majority ownership (51%) in Lotus Cars. Geely has scooped up several brands like Volvo, who also owns Polestar, with plans to accelerate their efforts to go electric.

In addition, Geely provides support to help its brands sustain growth while transitioning to new technology like electric vehicles and AI.

The original founder, Colin Chapman, was keen on lightness as the key to a great sports car, which is still a significant part of the brand’s DNA today. Lotus Technology, the global “intelligent tech” division of Lotus Group, takes the best of what the brand has accumulated over the past 75 years and injects it with modern innovations like EV batteries, energy management, and electric motors.

Lotus unveiled the “world’s first pure electric British hypercar,” the Enivja, in 2019 with 2000 hp and a starting price tag of over $2 million.

Meanwhile, Geely’s plans for the brand were much more extensive, announcing plans to produce four new electric vehicles, including two SUVs. Shortly following the exciting news, Lotus revealed a new lightweight EV platform to support the expansion of an all-electric lineup.

This past October, we got a glimpse of what the Lotus brand of the future could look like with the fully electric Eletre hyper SUV. The Eletre is part of a “new breed of pure electric SUVs” with 0 to 60 mph in under three seconds and starting price tag of around $95,000.

Lotus-LOT-EV-1
Lotus Eletre, all-electric hyper SUV (Source: Lotus)

Deliveries are expected to begin in China this quarter, followed by the UK and EU later this year. However, Lotus is also planning a US expansion for future delivery of the Eletre EV.

To help expand the brand and gear up for a US launch, Lotus is now planning to go public on the US-based Nasdaq exchange under the ticker LOT.

Lotus (LOT) goes public in the US to expand EV brand

In a press release today, Lotus said it has agreed to merge with special purpose acquisition company (SPAC) L Catterton Asia Acquisition Corp (LCAA) to become a publicly traded company.

Lotus is expected to keep its name, “Lotus Technology,” and will trade on the Nasdaq exchange under the ticker LOT.

CEO of Lotus Tech, Mr. Qingfeng Feng, is excited about the new business collaboration, explaining:

We believe the proposed Business Combination and listing will help position Lotus Tech as a leading global luxury EV company and will enable us to further execute our strategy, accelerate our growth, and importantly, further our mission to steer the industry towards a more sustainable future.

The value of the combined business is around $5.4 billion, while Lotus’s existing shareholders, including Geely and NIo Capital, will retain their interests and own 89.7% of the equity.

Through a manufacturing partnership with Geely, Lotus has access to the company’s 150,000 annual EV unit capacity and dedicated EV manufacturing facility in Wuhan, China.

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It happened: the storm hit. The power’s out. You have a home battery. Now what?

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It happened: the storm hit. The power’s out. You have a home battery. Now what?

The storm hit. The power’s out. With all the damage around you, it looks like you might be without power for a few days (at least). But you planned for this. You have a home backup battery. What happens now?

If you’re considering a home backup battery, or you already have one and haven’t needed it yet, you might be wondering what you’re supposed to do when the inevitable happens. The good news is: you probably won’t have to do much at all.

Whether you’ve got an industry standard like the Tesla Powerwall, one of the new GM Energy Storage Bundles, or any of the other excellent home battery systems on the market, from your point of view they’ll function in pretty much the same way.

Step 1: do nothing


“Jus’ chill, baby,” by ChatGPT.

Modern home batteries are paired with an automatic transfer switch. That’s a switch, usually installed near your home’s electrical panel, that allows you to go from grid power, to battery, and back. And, because it’s automatic, you don’t have to do anything at all.

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The instant the grid goes down, the automatic transfer switch recognizes the loss of power and automagically disconnects your house from the grid, seamlessly connecting it to your backup battery instead. Your lights stay on, the refrigerator keeps humming, and whatever else you’ve chosen to back up just keeps on keeping on. In some cases, the transition to battery power happens so smoothly that you might not even realize the neighborhood’s lost power, not noticing the neighbors’ dark windows until you step outside.

When the power comes back, that side of the switch gets energized, and it does its thing again, only in reverse – switching you back from battery to grid power and intelligently re-charging the battery in anticipation for the next blackout.

How long will my battery last?


UK battery storage
13.5 kWh Powerwall battery; via Tesla.

Unfortunately, this is one of those questions that doesn’t have an easy answer. In the simplest terms, if you have a small battery and try to keep the AC running, you might run out of juice in a few hours. On the other hand, if you have great big battery and save its electrons for just the barest essentials (a few lights, a laptop, and a phone or radio, for example) you might never run out of power.

To put some numbers to that, a 31 cu. ft. Samsung RF32CG5400SRAA stainless steel refrigerator is rated at 785 kWh/year. That works out to about 2.15 kWh/day. Factor in 20-40% higher energy needs for warmer temperatures, a few daily door openings, defrost cycles, inverter losses, etc. and you’re looking at 18-22 kWh of usable battery capacity to keep that thing running for a full week on battery power. Now do that same math for every appliance you deem a “must have,” then do the “nice to haves,” and on down the line.

That doesn’t even address the other form of “last,” and whether you’re looking for a ten- or twenty- year battery solution.

What you need to do, in other words, is talk to the experts. Let them know what appliances you need to keep running, how long you want to prepare for, and let them do the math to help determine which battery solution is right for you.

I’ve included a video that covers the process of picking a solar battery from EnergySage (a trusted affiliate partner), below, and invite you to share some of your own backup battery-picking experiences in the comments.

How to pick a solar battery


Original content from Electrek.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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Ford cracks Corvette ZR1 ‘Ring record – with an electric van*

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Ford cracks Corvette ZR1 'Ring record – with an electric van*

Just days after Chevrolet beat the mighty Ford Mustang GTD’s Nürburgring track record with their Corvette ZR1 and ZR1X, Ford went back to the ‘Ring to reclaim some glory. They didn’t bring a Mustang along, though – they showed up with an electric van, and record-setting hot shoe Romain Dumas behind the wheel.

* it’s not your typical van. It’s a SuperVan.

Ford took back a fair bit of Chevy’s headline-grabbing glory this week when LeMans-winning driver Romain Dumas lapped the 12.9 mile Green Hell in just 6 minutes and 48.393 seconds – a blazing performance that makes the 2000 hp Ford SuperVan 4.2 the ninth fastest car to ever blast around the storied German racetrack.

Dumas is no stranger to the Nürburgring’s Nordschleife. He was first overall at the 2007 24 hour race there. He also holds the outright Nürburgring track record for EVs, which he set back in 2019 behind the wheel of the Volkswagen ID.R, completing the circuit in 6 minutes and 05.336 driving the Volkswagen ID.R.

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The new ‘Ring-record comes just a few weeks after Ford beat out every other supercar at the Goodwood Festival of Speed in the UK with its all-electric SuperTruck, crushing the “competition” with their 1,400 hp prototype EV silhouette racer.

No word yet on what track record Ford plans to snatch with an EV next.

Electrek’s Take


Romain Dumas in-car video; via Ford.

If there were still Ford guys and Chevy guys, I like to think I’d be a Mopar guy – but even from the sidelines, I can tell that Chevy’s been having a rough couple of weeks, performance-wise. Not only did their top-shelf ZR1X get beaten by a Ford van (even if it is a SuperVan), but their clean sheet, future-thinking, pie-in-the-sky concept Corvette got beat to the hypercar headlines by a Chinese rival with 1,000 extra hp.

Take my advice, GM: it’s time to drag Warren Mosler back home from the Virgin Islands, figure out where Rod Trenne’s hiding, and get them to build you a proper, 900 kg electric ‘Vette. Y’all let me know if you need help setting that up.

SOURCE | IMAGES: Ford.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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PA Turnpike to add 80 new Applegreen DC fast chargers by 2027

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PA Turnpike to add 80 new Applegreen DC fast chargers by 2027

EV drivers who use the Pennsylvania Turnpike just got a jolt of good news: Two Applegreen DC fast charging stations have come online, adding to the growing network of over 60 EV chargers along the 360-mile toll road that links Pittsburgh, Harrisburg, and Philadelphia.

The new 400 kW Applegreen Electric charging stations are at the PA Turnpike’s North Somerset (MP 112.3 westbound) and South Somerset (MP 112.3 eastbound) Service Plazas. Each site includes two DC fast chargers for a total of four charging ports, with two NACS and two CCS plugs at each service plaza. The PA Turnpike says the sites are equipped to be expanded.

The Pennsylvania Turnpike plugged in its first EV charger in April 2014. A decade later, more than 60 charging stations are online at eight of its service plazas, giving EV drivers a reliable boost across the state. And thanks to a new partnership with Applegreen Electric, 80 new universal EV chargers are on the way. By 2027, all 17 service plazas will feature DC fast chargers.

“We are pleased to offer our EV customers convenient access to the latest, fastest technology – without leaving the PA Turnpike,” said Director of Facilities Operations Keith Jack.

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The EV chargers at North Somerset and South Somerset, along with an EV charger at the Hickory Run Service Plaza scheduled to open this fall, were funded with grants from the Pennsylvania Department of Environmental Protection’s Driving PA Forward program. The chargers at nine service plazas scheduled to open in 2027 are being funded through grants from the Biden administration’s federal National Electric Vehicle Infrastructure (NEVI) program. 

Applegreen Electric chief executive Eugene Moore noted that the PA Turnpike’s fast charger rollout “marks a key step in building a connected corridor with Pennsylvania as a vital part of the seamless network that now spans New Jersey, New York, Connecticut, and Delaware. With more to come soon in Ohio and Massachusetts, we’re accelerating the rollout of reliable, accessible EV infrastructure across the region.” 

Applegreen is deploying fast chargers on the New Jersey Turnpike, with which it now has an exclusive agreement – it’s taking over from Tesla.


The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

FTC: We use income earning auto affiliate links. More.

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