Bulletin

Geely set to build £150m UK plant for green taxis

Chinese carmaker Geely is expected to announce plans soon for a £150m factory in the UK to build the next generation of energy-efficient London taxis. Geely's favoured location for the factory is understood to be Ansty Park, an industrial estate on the outskirts of Coventry seeking to establish itself as a technology and innovation centre. The site is close to the existing headquarters of Geely subsidiary Manganese Bronze Holdings, which trades as The London Taxi Company, and builds the famous black cabs. The Government has lobbied hard for the factory and is understood to have offered a selection of locations. Although Ansty remains favourite, Geely sources said that other options for the factory had not been ruled out. The factory's main role will be to build the TX5, an upgraded 'green' version of the classic London cab scheduled to enter the market in 2018.

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