Chinese carmaker Geely, owner of the London Taxi Company, opened Wednesday a 300-million pound UK factory making only electrical versions of the iconic London black cab for use worldwide.

The site in Coventry, central England, "has the capacity to build more than 20,000 vehicles per year... the best ultra-low emission commercial vehicles in the world", LTC said in a statement.

Geely bought LTC four years ago after the British company found itself in serious financial difficulty. Geely owns Volvo and said it will use the Swedish carmaker's technologies and components in its new taxis.

"Today marks the rebirth of the London Taxi Company," said LTC chief executive Chris Gubbey after the creation of more than 1,000 new jobs linked to the plant's opening.

LTC chairman Carl-Peter Forster added that the plant is "the first brand new automotive manufacturing facility in Britain for over a decade, the first dedicated electric vehicle factory in the UK and the first major Chinese investment in UK automotive".

As well as a 300-million pound ($374-million, 346 million-euros) investment from LTC, the plant has been supported by 16.1 million pounds from the British government.

Tweet

Germany pushing e-mobility options
Washington (UPI) Mar 20, 2017
German energy company E.ON said Monday it was working within a government program to advance charging points for electric-powered mobility options. The company's subsidiaries submitted grant applications for more than 700 charging stations on behalf of the municipalities in which they operate. "Using various models, E.ON's regional companies are offering charging solutions for al ... read more

Related Links
Car Technology at SpaceMart.com

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only