The Emeya will start production in 2024 at a factory in Wuhan, China run by Chinese automaker Geely, which jointly owns Lotus with Malaysia's Etika Automotive.
The GT should have a range of just under 640km and have a price roughly comparable to Lotus' Eletre SUV model, which started production this year and ranges in price from £90,000 (RM526,000) to £130,000 (RM760,000), said chief commercial officer Mike Johnstone.
A GT has luxury features to make it more comfortable for long-distance driving.
The Emeya has a top speed of 250kph. With fast-charging capability it can add 150km of range in five minutes.
Johnstone said with Emeya, Lotus is targeting people "looking for something different in an electrified GT-style sports car."
"We expect, as we've already seen with Eletre, to see a number of people come over from German brands," Johnstone added. "We're already seeing people come over from Tesla as well."
Since its founding in 1948, Lotus typically made 5,000 cars a year, but funded by Geely and Etika, the company has planned a massive expansion.
Lotus Technology, which includes Lotus Cars, is also due to go public this year via a merger with special purpose acquisition company L Catterton Asia Acquisition Corp.
Johnstone said that public listing remains on track.
Geely has a sprawling carmaking empire and has listed parts of Volvo Cars, including Polestar. Its premium Chinese luxury brand Zeekr is talking to investors about a possible initial public offering.
Geely also plans to turn the London Electric Vehicle Company, which makes iconic black taxis, into a high-volume, all-electric brand.
