EV maker Lotus Tech closes up modestly in Nasdaq debut after SPAC merger

EV maker Lotus Tech closes up modestly in Nasdaq debut after SPAC merger

FILE PHOTO: A car is displayed on a rooftop as British sports car maker Lotus unveils its new fully electric "Emeya" Hyper-GT in New York City, U.S., Sept. 7, 2023. REUTERS/Caitlin Ochs/File Photo

Shares of Lotus Technology closed up 2% in their Nasdaq debut on Friday, recouping earlier losses, after the luxury electric car maker completed its merger with a blank-check acquisition company backed by private equity firm L Catterton.

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