Brexit and Uber no deterrent to Geely’s London Taxi Company plans

The launch of the London Taxi Company's (LTC) new plant represents a real coup for the traditional taxi industry as well as UK manufacturing. The £300m (US$374m) facility opens as wider industry trends threaten both of these areas.

The plant will start production with the world's first purpose-built, mass market electric taxi. The models incorporate electric powertrain system technologies from Volvo Car, another Geely-owned company, but retain the iconic exterior design.