More than 1,000 new jobs, including 200 engineers and 30 apprenticeships, will be made according to the London Taxi Company (LTC). LTC, which is set to launch the TX5, the new London cab, is building a new £300m vehicle plant in Ansty, Coventry capable of building up to 20,000 cars a year. This marks a rebirth of the company, according to Chris Gubbey, the company’s Chief Executive. “A company with a singular vision; to design and build dedicated urban commercial vehicles that can operate without emissions in cities around the world and bring down running costs for drivers,” he said.
The company has also announced a light commercial van (LCV) as the company’s second all-new model. This too will be a range-extended electric vehicle, an electric car with an engine acting as a generator to keep the battery topped up.
“The Mayor and TfL are fully committed to helping the iconic London taxi trade become the greenest, most sustainable fleet in the world,” Shirley Rodrigues the Deputy Mayor for Energy and Environment said. “With air quality at toxic levels in London, our Taxi and Private Hire Action Plan sets out bold measures to fully support the black cab trade’s evolution into zero emission capable vehicles.”
LTC can bring the new models to market thanks to a £325m investment from parent company Geely including £30m for the LCV and £25m for the plant.