Lutes Motors announced that it has laid off 200 people due to serious losses and is actively producing electric SUV in China.

CTOnews.com, July 20 (Xinhua)-- Lotus, headquartered in Norfolk, UK, which has been acquired by Geely Motors of China, has announced that it will restructure its workforce, "which could lead to up to 200 job losses," BBC reported.

▲ Tuyuan Lutes' website previously reported a pre-tax loss of 145.1 million pounds in 2022 (CTOnews.com Note: currently about 1.355 billion yuan), compared with a loss of 8660 million pounds (currently about 809 million yuan) the previous year. However, the company did not specify the location of the layoffs.

Sales of Lutes also fell to 576 in 2022 from 1566 the previous year, and despite the launch of the first new model in more than a decade, the Emira sports car, it is still difficult to improve sales.

At the same time, Lutes Motors is also actively producing electric SUV in Wuhan, China, which is also one of the focus of the company's car electrification.

A spokesman for Lutes said: "Lutes will focus on the makers of Emira sports cars and Evija supercars this year. 2023 will be a record year for the company's car production, and then we will turn our attention to the electric sports cars of the future."