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Geely’s TX5-based NEV plant starts production

Geely’s TX5-based NEV plant starts production Major media outlets reported that the first NEV model based on the English TX5 platform came off the assembly line on December 25, marking the start of production at the NEV plant in Yiwu, Zhejiang,The Geely Group invested CNY 7.2 billion for the construction of the plant, which covers a site area of approximately 119.3 acres. The construction agreement of the project was signed in March 2016. Const...

News Updated at: 2019/01/03

London Taxi Company inaugurates GBP 300 million EV assembly plant in UK

London Taxi Company inaugurates GBP 300 million EV assembly plant in UK On March 22, the London Taxi Company (LTC) officially opened the UK’s first car plant dedicated solely to the production of range-extended electric vehicles where it will build the world’s first mass-market electric taxi, the TX5.The GBP 300 million facility in Ansty Park also houses an R&D center tasked with light-weighting and EV research for parent company Geely.The in...

News Updated at: 2017/03/24

London Taxi maker raises USD 400 million for EV cab, production in 2017

k Cab. ZGH will use the net proceeds from the green bond to finance or refinance the design, development and production of zero-emission capable vehicles by LTC. ZGH is investing GBP 300 million in LTC’s research and production facility in Ansty, UK to develop the next-generation London taxi, the TX5, which was unveiled last October in London. The TX5 is a zero-emission capable vehicle and will be launched in the UK at the end of 2017 and in in...

News Updated at: 2016/05/24