China's Geely is planning to ramp up production of London’s iconic black taxis into a high-volume, all-electric brand of commercial and passenger vehicles
is planning a big investment to turn the maker of London's iconic black taxis into a high-volume, all-electric brand with a range of commercial and passenger vehicles, executives at the unit told Reuters.
"We need a developed product portfolio. We need to make big investments in terms of the technology and infrastructure," LEVC Chief Executive Alex Nan said at the taxi maker's headquarters in Coventry, central England. "Geely will make consistent investments into LEVC because this is a very unique project."
Nan said LEVC and Geely would seek to attract other investors to its zero-emission portfolio and would look to partner with other carmakers to develop new technology. "Geely fully supports the new transition strategy laid out by LEVC's board and executive team," Geely said in a statement.
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