The firm behind the new London taxi announces plans to invest £250m in its next generation green-cab
- Coventry to receive new state of the art facility for the next generation London Black Taxi
- Up to 1,000 jobs will be created
- Significant increase in production planned from 2018
The UK’s car-making industry received an even bigger boost this week as the man behind the London Taxi Company, Geely, is pumping £250 million into a research, development and assembly plant in Coventry. This in turn will create further jobs and secure long-term economic benefits for the Midlands.
This announcement comes at a time when the company prepares to create it’s next-generation electric and ultra-low emission taxi in light of the new regulations being introduced which will reduce the level of emissions from new taxis.
The Mayor of London, behind the new regulation, said: “The production of zero emission capable vehicles, incorporating the latest state of the art technology, is essential as we strive to create the greenest taxi fleet in the world for London. I warmly welcome Geely’s commitment to building this impressive new factory in Coventry, highlighting the UK’s position as a world leader in the development and manufacturing of ultra low emission technologies.” (The London Taxi Company)
The new plant will have the capacity to assemble up to 36,000 vehicles a year and will significantly increase the UK’s economic growth and the automotive industry as a whole.
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