In order to compete with models like the Porsche Macan and BMW iX3, Lotus is actively working on developing a third electric vehicle. Codenamed 134, the new model will serve as the entry-level vehicle in Lotus’s revamped lineup. With a length of less than 16.4 feet (5 meters), the entry-level Lotus EV will be smaller than the Eletre SUV.
The entry-level EV will ride on a different platform designed for smaller models while sharing technology with the Electric and Type 133 sedans. Compared to the Eletre, the new Lotus SUV is expected to have a smaller battery pack and less powerful electric motors.
Although pricing for the Type 134 hasn’t been announced yet, it is likely to be lower than the Eletre SUV’s price tag of around $105,000. The aim of Lotus is for the Type 134 to account for half of its annual sales by 2028, which would translate to approximately 75,000 units.
Having historically sold around 2,000 units per year globally, this would be a significant improvement for Lotus. Lotus’ expertise in aerodynamics and lightweight construction will be inherited by the entry-level electric SUV. Lotus’ core philosophy of performance and driving dynamics in the development of the new SUV is emphasized.
Known for its lightweight sports cars and motorsport heritage, Lotus has entered the EV world with the introduction of the Eletre SUV. Sharing some of its technology, the Type 134 electric SUV will be smaller than the Eletre. Although it will still have a price tag of $100,000, Lotus expects the Type 134 to become its most affordable vehicle yet.
Aligning with Lotus brand values, despite its smaller size, the Type 134 SUV will remain engaging and lively to drive. Competition from other electric SUVs, such as the Porsche Macan, Tesla Model Y, and Lucid’s upcoming SUV.
Lotus’ confidence in the handling and performance of their vehicles will set them apart from the competition. Rather than simply being an electrified SUV, the Type134 is engineered from the ground up to look, feel, and drive like a Lotus.
Founded in 1948 by Colin Chapman, Lotus is renowned for its internal combustion cars like the Elise, Exige,Evora, and Seven. The Model Seven of Lotus has served as the basis for Caterham’s modern models. Positioning it as a torchbearer for the brand in the coming years, the entry-level EV is an important vehicle for Lotus.
The aim of Lotus is to deliver a true Lotus experience in an electric SUV, combining performance, handling, and driving dynamics. Competition not only from luxury brands but also from mass-market brands offering quick electric SUVs will be faced by the Type 134. The expertise and commitment of Lotus to performance make them a formidable contender in the electric SUV segment.