Up to 1,000 new jobs will be created thanks to the construction of a state-of-the-art £250 million taxi plant outside Coventry.
Chinese manufacturer Geely, which owns the London Taxi Company, says the first cars are expected to roll off the assembly line in 2017.
A 10-fold increase in capacity means the company will move from its home of 70 years on Holyhead Road to a new site on Ansty Park.
The London Taxi Company currently makes around 2,000 new vehicles a year. The investment plans to increase this figure to about 36,000.
With new emissions regulations set to affect taxi operators as early as January 2018, the investment will play a key role in the development of the next generation London Black Cab.
Mayor of London Boris Johnson said he “warmly welcomes” Geely’s commitment to the new factory.
“The vehicles this facility produces will help transform London’s taxi fleet, boost jobs and growth in London and the West Midlands, and secure the long-term future of the taxi industry, while ensuring everyone who loves, works in or visits our city has the cleanest possible air to breathe.”
