The Chinese will turn London cabs into electric cars

Asia (, - Chinese automaker Geely intends to convert London taxis to electric vehicles. This was announced today, January 23, TASS reports with reference to Reuters.

Geely plans to invest heavily in the expansion of the London Electric Vehicle Company (LEVC) to transform the iconic black taxis into environmentally friendly ones, according to the agency.

"Geely will consistently invest in LEVC." We need an expanded range of products. And to this end, both companies will attract other investors and automakers to develop new technologies, ”Reuters quotes Alex Nan, CEO of the London-based company.

In turn, Managing Director Chris Allen added that it was about making LEVC a much more recognizable international brand.

At the same time, the size of the planned capital investments has not yet been announced.

Geely acquired LEVC in 2013 and invested £500 million ($620 million) in it.

The Chinese will turn London cabs into electric cars