Lotus Engineering announces
today the opening of a dedicated office in China in response to the
increasing demand for its services from manufacturers in the world’s
fastest growing automotive market
Lotus Engineering China will
be based in Shanghai and led by Ben Boycott, an English automotive
engineer with nine years experience in the region. His team includes
staff from Lotus Engineering’s base in Hethel, UK, and experienced
local engineers with a wealth of knowledge of the Chinese automotive
industry.
China is the world’s fastest
growing automotive market, with forecasts suggesting over 30% annual
growth of light vehicle sales over the next few years. "We already
have positive ongoing relationships with the Chinese vehicle
manufacturers who seek to exploit substantial opportunities in the
rapidly expanding domestic market," explains Ben Boycott, general
manager, Lotus Engineering China.
"With a new team in place,
Lotus is now in an excellent position to more effectively provide
domestic producers with advanced innovative solutions for the
development and production of modern, world-class automotive
products."
Lotus Engineering’s activity
in China has been steadily increasing over the last decade, most
significantly in the last 2 years. It is currently working with
several clients on a range of powertrain and vehicle engineering
programmes, and is in detailed negotiations for further high value
projects totalling in excess of Rmb770 million (£50 million).
"The level of discussions
with current and potential clients in China has exceeded that which
can be managed from the UK," explains Simon Wood, director of Lotus
Engineering. "It’s very encouraging that we’ve now reached a point
that requires a local dedicated business development and project
execution team to field that demand."
Lotus is awaiting completion
of its permanent offices in Shanghai’s prestigious new hi-tech Jin
Qiao business park. In the interim, from 8th March, it will occupy
temporary offices in the Jin Mao Tower, also in Shanghai. |