COVENTRY, England : China's Geely is planning a big investment to turn the maker of London's iconic black taxis into a high-volume, all-electric brand with a range of commercial and passenger vehicles, executives at the unit told Reuters.
LEVC builds a hybrid taxi model that starts at around 66,000 pounds , which has a battery providing 64 miles of range and a petrol range-extender giving it a total range of over 300 miles. The company's business was hit hard by the pandemic and it laid off 140 staff in October. "Geely fully supports the new transition strategy laid out by LEVC's board and executive team," Geely said in a statement.
"We need to make sure the UK environment as a whole is competitive and has its position on the world stage," said LEVC managing director Chris Allen.Geely owns multiple brands including Volvo and - via a joint venture with Volvo - Polestar. Zeekr, another brand in the group, filed for a U.S. initial public offering last month.Allen said LEVC was exploring a range of commercial and passenger car models on a common electric platform.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive-Goldman Sachs to cut asset management investments that weighed on earningsNEW YORK : Goldman Sachs Group Inc's asset management arm will significantly reduce the $59 billion of alternative investments that weighed on the bank's earnings, an executive told Reuters.The Wall Street giant plans to divest its positions over the next few years and replace some of those funds with out
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Bowen brace for West Ham sinks Everton in relegation scrapLONDON : Jarrod Bowen scored twice as West Ham United beat fellow strugglers Everton 2-0 at the London Stadium on Saturday, taking all three points in a match billed as a 'must-win' for both teams.The defeat - Everton's sixth in their last seven league games - will add to the pressure on manager Frank Lam
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Lampard confident he is still right fit for EvertonLONDON : Everton manager Frank Lampard is confident he can turn around the fortunes of the ailing Merseyside club following a sixth defeat in their last seven Premier League games at West Ham on Saturday.A first-half brace from Jarrod Bowen was enough to sink the toothless Toffees, who’s 15 points from
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Is getting 3 Covid-19 jabs enough - or do you need a 4th one? | When a dad tried to reclaim a $1.5m condo from his sonSubscriber picks is a weekly curation of the best from The Straits Times - where we bring you exclusive reports, in-depth analyses, and the latest happenings in Singapore and beyond. Read more at straitstimes.com. Don't need any. It seems that more doses, the more times you get Covid. The science backs that up. “Is getting a 3 Covid-19 jabs enough” The answer: Spoiler alert: you didn’t even need the first one
Source: straits_times - 🏆 5. / 69 Read more »
Newcastle stretch unbeaten run in draw at PalaceLONDON : Newcastle United extended their unbeaten Premier League run to a club record 15 matches and recorded a sixth successive clean sheet despite being held to a 0-0 draw at Crystal Palace on Saturday.The point from a disappointing clash was enough for Newcastle to move back into third place in the sta
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
British PM Sunak fined by police for failing to wear seat beltLONDON — British police fined Prime Minister Rishi Sunak on Friday (Jan 20) for failing to wear a seat belt while he filmed a social media clip in the back seat of a moving car, a potentially embarrassing blow as he tries to revive his party's fortunes. Sunak, who apologised on Thursday for a 'brief error of judgement', had uploaded...
Source: asiaonecom - 🏆 10. / 59 Read more »