Thursday brought volatility to EV start-up shares, with L Catterton Asia Acquisition shining amidst the chaos. The impending transformation into Lotus Technology and market reactions to the merger are highlighted.
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Lotus Technology's merger with SPAC and rebranding as LOT symbolizes a significant milestone for investors, ushering in potential market volatility. The article also delves into the corporate structure post-merger and explores the growth potential of Lotus Technology in the luxury electric vehicle market.