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Lotus Technology will go public in the United States via a merger with special purpose acquisition company L Catterton Asia Acquisition Corp in a deal that will value the combined group at $5.4 billion, people familiar with the matter said on Tuesday. The valuation takes into account $288 million of cash in LCAA's trust account, they said. Lotus Tech is a luxury electric vehicle maker division of sports car brand Group Lotus, which is in turn owned jointly by Chinese automaker Geely and Malaysia's Etika Automotive.