Polestar are interesting in the context of this thread aren't they? seeing as they're Geely owned, and their bread and butter is selling premium sporty EVs to the mainstream.
They didn't exist 15 years ago, last year they sold ~7k cars in the UK.
Lotus have a brand name presumably with a lot more Cache in China or else I don't see what Geely stand to gain from pitching the two brands head to head against each other globally.
If I was Geely I would either a) let Polestar and Lotus combine engineering forces/platforms/powertrains/driving dynamics and create models more akin to how VAG do it with Cupra/SEAT/VW/Audi/Skoda do, with what is more or less the same car, just with subtle styling differences and character differences.
or b) let Polestar do the EV/SUV thing altogether, and U-turn on Lotus doing premium heavy cars that don't fid the brand ethos. If you have to, just badge the Polestars as LOTUS in China only. Bring back the Exige V6 - controversial decision but I think it would be a popular move in Europe. Dedicate some investment to homologating the Exige V6 in the USA. Again it would be a popular move, you'd sell the the first 500 units there instantly and it should be pretty problem free as it's a well proven platform.
Porsche have announced they are abandoning ICE'd Caymans. That'd be a market opportunity for Lotus to capture with Exige V6/Emira V6 if they can take it, especially as nations roll back EV-only legislation dates.
But what do I know... π