London Taxi Company of Coventry has revealed the all-new TX5 cab it hopes will capture a major slice of the London taxi market, and carve itself a much larger international export business when it hits the market in 2017.
The unveiling is timed to coincide with a UK meeting today between David Cameron and the Chinese premier, Xi Jinping, who will be first to see the all-new design in the flesh.
Engineered from the ground up on a new plug-in hybrid platform - to give the zero-emissions performance required of all new cabs in London from 2018 - the new LTC design is part of a £250m effort by its new owner, Chinese manufacturer Geely, to revitalise the venerable Coventry-based firm. Li Shufu, Geely's chairman, will also be on hand for the new taxi's debut.
The recent expenditure includes £50m to build an all-new factory that will make at least 36,000 cars a year and will eventually build up to seven different electric vehicles based on the same architecture, an all-aluminium spaceframe clad with composite panels. The current London demand for cabs is only about 3500 units a year.