ELECTRIC TAXI FACTORY HAILED IN COVENTRY

by

The London Taxi Company (LTC) has opened a new vehicle plant in Ansty, Coventry to construct purpose-built, mass-market electric taxicabs.

LTC, a wholly-owned subsidiary of Chinese VM Geely, has invested more than £300m in the new site in order that the TX5 will be produced at the plant and exported around the world. The investment and expansion of LTC has created 1,000 new jobs, including 200 engineers and 30 apprenticeships.

The site has the capacity to build more than 20,000 vehicles per year and the new vehicle is using the Volvo electric powertrain and platform, although the design of the outer body looks similar to previous taxis.

Deliveries of the new vehicle are expected to start in Q4 of 2017.

Chris Gubbey, Chief Executive of the London Taxi Company, said: “[The opening] marks the rebirth of the London Taxi Company. A company with a singular vision; to design and build dedicated urban commercial vehicles that can operate without emissions in cities around the world and bring down running costs for drivers.”

The London Taxi Company briefly went into administration in 2012 after parent company Manganese Bronze failed to secure funding, having failed to make a profit for five years. Geely, which already owned 20 percent of the taxi firm’s stock, bought the remainder of the company from the administrator in early 2013 to save it.

ECP BOSS WARNS OF BLOCK EXEMPTION ‘EXISTENTIAL THREAT’

Andy Hamilton rails against VM ‘mini monopolies’ and demands that the UK government and the CMA take action in face of ‘abuse’ of the rules

Read More

PRA BOSS CALLS FOR FORECOURT ‘PINGDEMIC’ EXCLUSION

‘Forecourt workers are essential and should be exempt from self-isolation requirements if fully vaccinated’, say PRA

Read More

YORKSHIRE EXHAUST SPECIALISTS SAY ‘YES’ TO AAG BUYOUT

Leeds-based firm had been a UAN member and employed over 60 people

Read More

NEW TRADE COALITION FORMED TO FIGHT BLOCK EXEMPTION THREAT

AFCAR comprises of bosses from four major UK trade bodies

Read More

HALFORDS TO HIRE 700 TECHNICIANS

Chain hiring following a busy year for vehicle mobile servicing and pedal cycles

Read More

Go to comments

Your email address will not be published. Required fields are marked *