Lotus CEO Hints At Esprit Revival As New V8 Hybrid Supercar Targets Ferrari

Lotus has shifted its strategy away from an all-electric future, announcing plans to combine plug-in hybrids and electric vehicles with high-performance combustion engines. CEO Feng Qingfeng confirmed a new V8 hybrid supercar, codenamed Type 135, arriving in 2028—the first V8 for Lotus in over 20 years. The car will benchmark Ferrari’s 849 Testarossa, signaling Lotus’ ambition to compete in the high-performance segment. The Type 135 will use a newly developed V8 engine created through Lotus’ involvement in the Horse Powertrain joint venture, a collaboration between Geely and Renault. This engine will prioritize lightweight design while delivering supercar-level performance, though it may also appear in Geely’s larger SUVs. Qingfeng suggested the Esprit nameplate could return for the new supercar, referencing its legacy connection and enduring fan demand. The original Esprit, produced from 1976 to 2004, was Lotus’ first factory V8 model. While no official announcement was made, his remarks fueled speculation about a revival. Lotus is also updating the Emira, its mid-engine roadster, to incorporate hybrid technology, moving away from its current combustion-only setup. The brand’s revised Focus 2030 strategy balances electrification with traditional sports car appeal, catering to enthusiasts who still value driver engagement and performance. The Type 135’s development marks Lotus’ most significant engineering investment in years, blending hybrid tech with a bespoke V8. The project underscores Geely’s broader push into high-performance vehicles while keeping Lotus at the forefront of lightweight, driver-focused supercars.