New £300m London Taxi Company plant to make only EVs

9:41 am, March 22, 2017

THE London Taxi Company has opened a new £300m car plant – the first to be dedicated to producing electric vehicles.

The site in Ansty, Coventry, is the first vehicle manufacturing facility to be built in Britain for more than a decade.

In 2013, the London Taxi Company faced administration before China’s Zhejing Geely Holding Group stepped in to rescue the firm.

More than 1,000 jobs, including 200 engineers and 30 apprenticeships, have been created by the opening of the plant.

Undated handout photo issued by The London Taxi Company of their new electric taxi being cold weather tested in Norway, as the company opened their new £300 million car plant in Coventry - the first to be dedicated to producing electric vehicles. PRESS ASSOCIATION Photo. Issue date: Wednesday March 22, 2017. The site in Ansty, Coventry, is the first vehicle manufacturing facility to be built in Britain for more than a decade. See PA story INDUSTRY Taxi. Photo credit should read: Patrick Gosling/Beadyeye/The London Taxi Company/PA Wire NOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.

The London Taxi Company’s new electric taxi being cold weather tested in Norway

The new electric taxi will go on sale in London towards the end of 2017, and then around the world in early 2018.

Geely said 5,000 vehicles a year will be produced by 2019.

The factory will also become a globally connected research and development centre in electric vehicle powertrains and lightweight aluminium body structures, which will be applied in all vehicles made at the plant.

London Taxi Company chairman Carl-Peter Forster said: ‘The opening of our new plant sets a number of records: it’s 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.

‘We are extremely proud of what we have achieved today, and we have firmly put our stake in the ground as a new, global automotive leader in urban commercial vehicles.’

The West Midlands site has the capacity to build more than 20,000 vehicles a year – vehicles designed for, and dedicated to, being ultra-low emission commercial vehicles.

Unite union regional officer Peter Coulson said: “This a fantastic story of a company that was on its knees in 2013.

‘Now, thanks to the commitment of Geely’s top management and accompanying large-scale investment, the iconic London taxi is set for its continued renaissance.’