Geely Said to Plan Research Center for London Black Cabs in U.KBloomberg News
R&D center in Coventry will be Geely's second outside China
Geely to undertake research on non-emission electric taxis
Zhejiang Geely Holding Group Co., the Chinese owner of the London black cab manufacturer, plans to announce a new research and product development center in the U.K. to work on zero-emission taxis, according to a person familiar with the matter.
The company plans to make the announcement during President Xi Jinping’s visit to the U.K. next week, the person said, asking not to be named ahead of the official release. The U.K. research center will be built in the city of Coventry alongside a planned new plant, and will be Geely’s second such facility outside China after its joint center with Volvo Cars in Gothenburg, Sweden.
The company said in March that it will invest 250 million pounds ($382 million) in a new plant in Coventry that will be able to manufacture as many as 36,000 vehicles a year. The company will also introduce a new model in the U.K. at the end of 2017 and other markets in 2018.
Ashley Sutcliffe, a spokesman for Geely, declined to comment in an e-mail.
— With assistance by Tian Ying