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Geely-owned London Taxi Co. becomes London EV Co.

LONDON – London Taxi Co. (LTC), wholly-owned by Geely Holding Group, relaunched itself as the London Electric Vehicle Co. (LEVC) on July 11.

Underpinned by an investment totaling £325 million, LEVC’s ambition is to be the urban commercial vehicle provider of choice for cities around the world, according to a company statement.

LEVC also revealed the final version of the new London Taxi – the TX – and its eCity technology comprising of an advanced battery electric powertrain with a small petrol generator. Applied to the all-new electric TX, the technology allows for a range of over 400 miles including well over 70 miles range with zero emissions.

“Today is an incredibly exciting day for the company, for the world’s cities, for the air we breathe and for the drivers of commercial vehicles,” said Chris Gubbey, CEO of LEVC. “The launch of LEVC marks Britain’s leadership as a first mover in creating the world’s only dedicated electric vehicle company for the urban commercial market.”

Gubbey believes the new London Taxi will help transform city living and provide taxi drivers with an average weekly fuel saving of £100 compared with the outgoing diesel model, and predicted EVs for the commercial operator will be mandatory in cities around the world which could bring huge opportunities for LEVC globally.

Gubbey announced LEVC has received its first major international order from RMC in the Netherlands for an initial 225 vehicles to be delivered in 2018.

“RMC will be our importer for the Netherlands demonstrates the need for EV urban commercial vehicles across Europe and the world, and we look forward to have a long and fruitful relationship with RMC,” said Gubbey.

Due to launch in London later this year, LEVC is finalizing its quality and testing regime for the TX which has taken it to the extreme heat of the Arizona desert and freezing temperatures in the Arctic Circle. LEVC expects strong demand from its launch market in London once the order book opens on August 1.

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