Geely Wants London Electric Vehicle Company to Build a Lot More Than Just Black Cabs

Geely Wants London Electric Vehicle Company to Build a Lot More Than Just Black Cabs

London Electric Vehicle Company TX black cab

Photo: LEVC

This might come as a shock to a few of our readers who don’t pay a lot of consideration to what occurs over on TERF Island within the UK, however the latest black cabs seen all over London are constructed by a firm that’s owned by Geely. Yes, the identical Geely that additionally owns Volvo and Lotus. Geely additionally owns a lot of different firms, too, however the focus at present is on the London Electric Vehicle Company. And extra particularly, Geely’s plan to have LEVC increase considerably and construct extra than simply taxis.

Reuters reports that the Chinese mega-corporation plans to make investments closely in LEVC and switch it into “a high-volume, all-electric model with a vary of economic and passenger autos.” It additionally reportedly needs to make investments extra in creating know-how that can enable LEVC to supply extra personalised providers to homeowners. Which feels like Geely plans to gather a entire lot of buyer information.

“We want a developed product portfolio. We want to make huge investments by way of the know-how and infrastructure,” LEVC Chief Executive Alex Nan instructed Reuters. “Geely will make constant investments into LEVC as a result of that is a very distinctive undertaking.”

As far as how a lot cash Geely plans to put money into LEVC, what the longer term lineup will seem like, and precisely when the primary new LEVC automobile will hit the highway go, Geely has but to say. Although executives did recommend that it may occur comparatively shortly, not less than when you think about LEVC at present solely makes one automobile. Allegedly, the largest potential holdup is charging infrastructure.

“There’s nothing we couldn’t ship in a very brief time interval if we would have liked to, however it’s simply a query of timing,” stated LEVC managing director Chris Allen. “But in two years’ time, is the business going to be prepared? Is the charging infrastructure going to be there? Is shopper confidence going to be there?” That stays to be seen. But should you’ve been wishing for a whereas that you possibly can personal a automobile constructed by the corporate that makes black cabs, then you possibly can quickly be in luck. All 4 of you.