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Search resuls for: "London Electric Vehicle Company"


3 mentions found


[1/4] British sports car maker Lotus unveils its new fully-electric “hypercar” in New York City, U.S., September 7, 2023. Johnstone said with Emeya, Lotus is targeting people "looking for something different in an electrified GT-style sports car." Since its founding in 1948, Lotus typically made 5,000 cars a year, but funded by Geely and Etika, the company has planned a massive expansion. Lotus Technology, which includes Lotus Cars, is also due to go public this year via a merger with special purpose acquisition company L Catterton Asia Acquisition Corp (LCAA.O). Geely also plans to turn the London Electric Vehicle Company, which makes iconic black taxis, into a high-volume, all-electric brand.
Persons: Caitlin Ochs, Mike Johnstone, Johnstone, Emeya, Geely, Nick Carey, Susan Fenton Organizations: Lotus, REUTERS, HK, Automotive, Reuters, Geely, Lotus Technology, Asia, Corp, Volvo, London Electric Vehicle Company, Thomson Locations: British, New York City, U.S, New York, Wuhan, China, Tesla
[1/2] A worker places a taxi sign onto the roof panel of a TX electric taxi inside the LEVC (London Electric Vehicle Company) factory in Coventry, Britain, January 18, 2023. REUTERS/Phil Noble/File PhotoANSTY, England, May 5 (Reuters) - Geely (0175.HK) unit London Electric Vehicle Company (LEVC) on Friday unveiled a new, large electric-vehicle (EV) platform for vehicles ranging from people-movers to commercial vans that it said could also be used by other units of the Chinese carmaker. But executives said they could not provide details of which EVs LEVC would focus on first, when the new EVs might roll off the production line or where they will be made. As such, Geely faces complexities that larger EV makers BYD (002594.SZ) and Tesla Inc (TSLA.O) have avoided. LEVC Managing Director Chris Allen told Reuters that the brand was positioning itself within the Geely group to provide larger EVs that "give more space, more opportunities, more flexibility with a larger vehicle size."
"Geely will make consistent investments into LEVC because this is a very unique project." Nan said LEVC and Geely would seek to attract other investors to its zero-emission portfolio and would look to partner with other carmakers to develop new technology. "Geely fully supports the new transition strategy laid out by LEVC's board and executive team," Geely said in a statement. As such, Geely faces a complexity that larger EV makers BYD (002594.SZ) and Tesla (TSLA.O) have avoided. Allen said LEVC was exploring a range of commercial and passenger car models on a common electric platform.
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