The UK Chancellor’s (Finance Minister) visit to China has sparked fresh calls for stronger collaboration between British and Chinese firms, particularly in the fields of electric vehicles (EVs) and renewable energy technology.
Among those advocating for this partnership are companies like the London Electric Vehicle Company (LEVC), which revitalized a British icon – the London taxi – with Chinese investment.
In 2013 Chinese automaker Geely stepped in to rescue the London Taxi Company from administration.
With an investment of over $1 billion, Geely transformed the business, establishing a state-of-the-art factory in Coventry. The company, renamed the London Electric Vehicle Company, now produces a modern hybrid version of the classic London taxi – symbolizing a blend of British engineering and Chinese innovation.
Chris Allen, Managing Director of LEVC, emphasized the significance of this partnership. He said: “The cooperation between the UK Government, China Government, Geely investment, and UK operations is hugely …