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Zhejiang Geely Holding Group
The London EV Company (formerly London Taxi Company), acquired by Geely in 2013, has struggled to expand beyond the niche London black cab market despite significant investment in a new Coventry manufacturing facility and an extended range electric vehicle platform. The business case for scaling a premium electric commercial vehicle brand beyond a single city's regulatory requirements proved more challenging than initially modeled, resulting in a business that remains commercially subscale relative to its manufacturing investment.