This rival Chinese-backed group is helping to bring the MetroCab back to London’s taxis fleet
Zhejiang Geely is not the only Chinese company that has backed a plant in Coventry to tap opportunities from the electrification of London’s taxis.
Red Sun Group, a privately-controlled conglomerate based in Nanjing that has more than 10,000 staff and annual turnover of £2.6 billion (US$3.46 billion), announced a tie-up three months ago with British company Ecotive to supply an alternative electric-petrol hybrid taxi.
“Red Sun wishes to invest in facilities for the new breed of commercial vehicles powered by the tried and tested, highly efficient hybrid Ecotive vehicle platform, starting with the production of the MetroCab,” it said in a statement in March.
Red Sun said it would commit more than £100 million for a new plant to be built by CAD CAM Automotive (CCA), in which it has a significant shareholding.
CCA, based in Coventry, is a provider of lightweight aluminium vehicle bodies for the “special vehicles operations” of Jaguar Land Rover.
Two years ago CCA and Red Sun said they were finalising a merger involving £300 million of investment over five years.