The London Taxi Company is opening their new factory in Coventry with help from LTC’s Chinese owner Zhejiang Geely.
The iconic black cab will now be revolutionised to keep up with demand in decreasing emissions on vehicles all over the world, especially the UK.
Opening of the new £300 million factory in Coventry is said to create more than 1,000 jobs including 30 apprenticeship schemes.
LTC’s new taxi called the ‘TX5’ being produced at the site will be an electric taxi which uses an all-new Volvo three-cylinder petrol engine as a generator for a large battery pack and the electric motors, allowing a pure EV range of over 70 miles. They also announced that the taxi will be fully wheelchair accessible which is a great boost for disabled passengers who may have had to wait outside for public transport, whereas now they can wait in the comfort of their own home and be collected.
LTC have predicted to produce almost 5,000 vehicles per year by 2019 which goes to show how popular and in demand this new technology is and how it can benefit the environment as a whole.
The factory will also become a research and development centre in electric vehicle powertrains and lightweight aluminium body structures, which will be applied to all vehicles made at the plant.
The turnaround of The London Taxi Company has been remarkable considering they were facing administration in 2013, thanks to Chinese firm Zhejiang Geely Holding Group who stepped in to rescue the firm.
Unite union regional officer Peter Coulson said: “This is 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.
“Tribute should also be paid to the dedicated workforce who have worked hard and diligently to contribute to the current success.”
“This is fantastic news in terms of highly skilled jobs for our members and the future creation of employment opportunities. It will be a wonderful boost to the West Midlands economy.”