70-532: Manganese Bronze Holdings plc ( MBH ) was the holding company of LTI Limited . The firm's sole business in its final years as a company was London black taxicab manufacturing through the LTI subsidiary. The Manganese Bronze and Brass Co was founded in 1881, incorporated in 1882 and originally made ship propellers, operating from factories in London. By World War II , it was also extruding and rolling specialised alloys, and in
140-533: A Range Rover bodyshell was abandoned after almost five years of development. In 1984, the London taxicab dealer Mann & Overton was bought by Manganese Bronze Holdings. Pending the development of a new model, the FX4 was further developed and became the LTI Fairway. In 1992 the company was rebranded London Taxis International with three divisions: LTI Carbodies, LTI Mann & Overton and London Taxi Finance. In 1997,
210-558: A 50-50 joint venture to develop and operate the Smart brand as a global electric vehicle brand. The venture, later named Smart Automobile Co., Ltd. is headquartered in Ningbo, Zhejiang . It has a registered capital of CN¥ 5.4 billion, with each company contributing CN¥2.7 billion. The new all-electric Smart model from this joint venture was launched globally in 2022 as the Smart #1 , previously showcased as
280-462: A Geely subsidiary established in 1999 and phased out in 2010. The brand was temporarily revived in 2020 by launching its first EV, the Maple 30X . In 2022, Geely launched the joint venture between Lifan and Maple called Livan ( Chinese : 睿蓝 ), and the previous Maple products were reconsolidated into Livan. Lotus Cars is a British carmaker established in 1948 that produces sports and racing cars. It
350-614: A company listed on the Hong Kong Stock Exchange under the trading code 0175HK. In March 2004, Guorun was renamed Geely Automobile Holdings Limited , a company under ZGH, retaining the same trading code. This strategy was seen as Geely's "backdoor" entry into the Hong Kong stock market, providing a means to raise funds for the company. In 2006, Geely bought a 19.97 percent equity stake in British company Manganese Bronze Holdings ,
420-630: A drophead coupe body for the Daimler Conquest Roadster and made bodies for the Daimler Majestic and Majestic Major saloons. Under BSA, manufacturing facilities were extended and more plant installed. In 1958, Carbodies began manufacturing the body and carrying out the assembly, finishing and delivery of the most important vehicle in their history, the Austin FX4 taxi . Carbodies also supplied prototype bodies and tooling, projects including
490-939: A factory in Shanghai to manufacture London taxis for the export market and to supply components to the home factory in Coventry. In 2010 the Mann & Overton trading name was dropped. In October 2012, following a suspension of sales due to the discovery of a serious flaw with vehicle steering components and having failed in an attempt to obtain new financing, the company was placed in voluntary administration. The quite recently specified faulty steering components had been sourced from Geely supplier, Gang Yang in China. In February 2013, certain assets of The London Taxi Company were purchased from administrator PricewaterhouseCoopers by Geely. It continued to trade as The London Taxi Company until rebranded as
560-407: A former parent company of Volvo Cars . The deal made ZGH the biggest shareholder by number of shares with an 8.2% stake, and second by voting rights, with 15.6%. In September 2019, ZGH led a round of private funding for Volocopter that raised $ 55 million for the company. Volocopter's other private investors also include Daimler AG which owns a stake in the company. In late July 2020, it
630-608: A joint venture holding company with both as co-owners. The joint venture was officially established in late May 2024 as Horse Powertrain Limited , headquartered in London , United Kingdom. In January 2021, ZGH announced a deal to create an electric vehicle joint venture together with Baidu , a Chinese multinational technology company specializing in Internet-related services, products, and artificial intelligence (AI). Baidu would develop
700-628: A new company under its British subsidiary called The London Taxi Corporation, later renamed London Electric Vehicle Company , to resume assembly of the London black cab in Coventry , UK. In 2009, Geely bought an Australian transmission company Drivetrain Systems International (DSI), at that time the second largest automatic transmission manufacturer for A$ 70 million . In 2014, Geely sold 90% of its stake in DSI to multiple other Chinese companies after
770-556: A new line of 3- and 4-cylinder diesel and petrol engines to replace larger engines. It has also developed a new vehicle platform called the Scalable Product Architecture (SPA) . Sales reached 500,000 vehicles in 2015 for the first time in the brand's history, and continued to over 700,000 in 2023. Both company jointly developed engines and platforms, notably the Compact Modular Architecture platform that
SECTION 10
#1732858152465840-529: A new model of taxicab, the TX1 was introduced as a successor to the FX4. Further development resulted in the launch in 2002 of the TXII , powered by a Ford Dura Torq 2.4-litre diesel engine and featuring an integral fold-down ramp for wheelchair users. It also has an intermediate step and swivel-out seat for passengers with moderate walking difficulties. For people with hearing problems it has an induction loop incorporated in
910-735: A performance and tuning brand owned by Volvo Cars, would become a standalone brand focusing on electric cars. Polestar introduced its first product, the Polestar 1 coupé on 17 October 2017. The car was produced at the Polestar Production Centre in Chengdu , China. Following an initial public offering , Polestar shares began trading on the Nasdaq exchange under the symbol PSNY on 24 June 2022. In December 2017, ZGH invested €3.25 billion into Swedish truck and construction company Volvo Group ,
980-555: A proposed merger of both businesses. In the existing arrangement, Volvo Cars has been allowed autonomy with its resources despite being fully owned by ZGH. These merger talks were later halted, and 18% of Volvo Cars shares were listed on the Nasdaq Stockholm stock exchange in October 2021. In March 2021, ZGH launched the Zeekr brand for premium electric vehicles. Its first model,
1050-466: A result of the global economic downturn. On 29 June 2009 the company advised that Geely had a notifiable interest in 6,085,000 of the company's ordinary shares, representing 19.971% of the issued ordinary share capital. In March 2010 it was announced that Manganese would move the production of all taxicab bodies and chassis to Shanghai, but TX4 cabs for the UK market would continue to be assembled in Coventry. In
1120-644: Is Geely Group's original and mainstream brand, primarily sold in China and select overseas markets. It has an electric vehicle product line, the Geely Galaxy for premium EV/PHEV. Geely Galaxy ( Chinese : 吉利银河 ) is Geely's mass-market range of new energy vehicles ( plug-in hybrid and battery electric vehicles) that was established in February 2023. In October 2024, the Geely Geometry line has been merged with Geely Galaxy. Radar Auto ( Chinese : 雷达汽车 )
1190-461: Is a Chinese multinational conglomerate headquartered in Hangzhou, Zhejiang . The company is privately owned by Chinese entrepreneur Li Shufu , and mainly engaged in the automotive industry . Geely was founded 1986 as a refrigerator parts company, before transitioning to motorcycles in 1994 and entering the automotive industry in 1997. ZGH as a holding company was founded in 2003. As of 2023 ,
1260-694: Is a battery electric pick-up truck brand owned by ZGH. The brand's first vehicle, the Radar RD6 , was unveiled in 2022. The brand was consolidated into Geely Auto in November 2024. Polestar is a publicly traded electric car brand established in Sweden under the Volvo Cars Group. Polestar was initially 50.5% owned by ZGH and 49.5% by Volvo Cars. Zeekr ( Chinese : 极氪 ) is a premium battery electric vehicle brand of ZGH owned by Geely Automobile Holdings. The company
1330-501: Is listed on the New York Stock Exchange since May 2024. The brand was founded in 2021 as an offshoot of Lynk & Co , as its first vehicles were meant to be Lynk & Co models. However after a major shareholding restructuring in 2024, it holds 51% of Lynk & Co currently. Lynk & Co ( Chinese : 领克 ) was established in 2017 that uses technology developed jointly by Volvo Cars and Geely Auto. Before 2024, It
1400-567: Is owned 51% by ZGH since 2017, while the rest is owned by Etika Automotive. Farizon Auto ( Chinese : 远程汽车 ) was established in 2016 to focus on the development and sales of electric commercial vehicles. Farizon also has a sub-brand called Ouling ( Chinese : 欧铃 ) selling gasoline-powered lower end micro trucks. London Electric Vehicle Company (LEVC) is a brand owned by ZGH that produces and sells electric black cabs . It adopted its current name in 2017 to reflect its new mission of developing and producing electric commercial vehicles. It
1470-473: Is used by Volvo, Geely and Lynk & Co vehicles. Improving technical expertise and a sophisticated production management system led to a significant sales surge for Geely from 2010 onwards. In October 2016, Geely Auto released its new brand called Lynk & Co in Berlin , Germany, which is intended to bridge the gap between Geely and Volvo brands. The brand was launched with three production models, all based on
SECTION 20
#17328581524651540-592: The Austin FX3 taxi, introduced in 1948, as well as finishing and delivering the complete vehicles. More than 7,000 FX3s, mainly destined for London, were produced over 10 years. They also developed a system for turning modern all-steel saloon cars into convertibles. This work was carried out on the early unit construction Hillman Minx , the Austin Somerset and Hereford , the Ford Mk1 Consul and Zephyr and, later
1610-514: The Compact Modular Architecture (CMA). In August 2017, ZGH, Geely Automobile Holdings and Volvo Car Group signed an agreement at Geely Auto's Hangzhou Bay R&D Center to establish the Lynk & Co joint venture. Geely Auto controls 50% of Lynk & Co, Volvo Cars held 30%, and ZGH held the remaining 20%. In May 2017, ZGH purchased a 51% controlling-stake in Lotus Cars from its owner, DRB-HICOM ,
1680-662: The Concept #1 at the 2021 Munich Motor Show. Smart electric vehicles from the partnership are based on the Sustainable Experience Architecture (SEA) electric vehicle platform developed by Geely. In August 2021, ZGH through its subsidiary Geely Auto formed a strategic partnership with Renault . In January 2022, the two companies signed an agreement by which Renault's South Korean subsidiary, Renault Korea Motors , would produce vehicles based on Geely Compact Modular Architecture platform , initially intended for
1750-461: The Jaguar E-type bonnet and panels for Triumph , Ariel and BSA motorcycles and scooters . Further contracts undertaken during the 1960s and early 1970s were the conversion of Humber Hawk and Super Snipe , Singer Vogue and Triumph 2000 saloons into estate cars , but gradually, as contract work on private cars and commercial vehicles fell away, the FX4 taxi would become more important for
1820-588: The London EV Company in September 2017 developing electric commercial vehicles at a new plant near Coventry, the first into production being an electric taxicab - the LEVC TX . They provided most bodies for the separate chassis cars Geely Zhejiang Geely Holding Group Co., Ltd. (ZGH) , commonly known as Geely Holding ( / ˈ dʒ iː l i / ; Chinese : 吉利控股 ; pinyin : Jílì Kònggǔ ),
1890-453: The London EV Company , Radar Auto and Farizon brands. It produces motorcycles under its subsidiaries Zhejiang Geely Ming Industrial (Jiming and Geely), Qianjiang Motorcycle (QJMotor and Keeway), and Benelli . It also holds a 17% stake in Aston Martin and owns half of Horse Powertrain , an engine manufacturing joint venture with Renault . Geely is a phonetic transliteration of
1960-624: The Norton , AJS and Matchless motorcycle brands in 1964. Manganese absorbed part of the Birmingham Small Arms Company in 1973 - which included Carbodies , the Coventry-based London taxicab maker, under chairman Dennis Poore , as part of a rescue plan initiated by the British government. BSA Motorcycles interests trading as Triumph were combined with Manganese motorcycle production to form Norton Villiers Triumph . BSA Guns
2030-574: The Zeekr 001 was launched in April 2021, and deliveries began in October 2021. In May 2024, Zeekr filed its initial public offering (IPO) on the New York Stock Exchange . Zeekr raised around US$ 441 million , making it the largest IPO of a Chinese company since 2021. In February 2024, Volvo Cars announced its plan to reduce its stake in Polestar by the third quarter of 2024 from currently 48.3% to around 18% by ceding it to ZGH. In September 2024, Li Shufu,
2100-537: The 1920s were MG and Alvis Cars . The scale of a new contract to build bodies for the MG M-Type Midget meant that they needed larger premises and in 1928, they moved to a larger site on Holyhead Road, where they remain to this day. In the 1930s, they supplied bodies for Rover , Invicta and Railton , but by far their biggest and most important customer in that decade was the Rootes Group . During World War II
2170-502: The 1950s expanded into light alloy product manufacturing. In the early 1960s, it shortened its name to Manganese Bronze and became an important conglomerator of British motorcycle marques. The company acquired the subsidiary Carbodies in 1973, which was involved in the design, development and production of taxicabs . This subsidiary eventually became LTI Limited, and traded first as London Taxis International and then as The London Taxi Company. The sale of its components division in 2003 left
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2240-585: The Mk2 Ford Consul, Zephyr and Zodiac . In 1954, Bobby Jones sold Carbodies to the BSA Group , who put it under the control of its prestige car company, Daimler . Although it was intended for Carbodies to become the manufacturing plant for Daimler steel bodies, this was never fulfilled. It did, however convert the Conquest saloon into a drophead , using the same methods they used on Fords and Austin and also made
2310-403: The acquisition of British taxi maker Manganese Bronze Holdings in 2013 and restructured it into London Electric Vehicle Company . In 2017, ZGH acquired a majority stake in British sports carmaker Lotus Cars in 2017. ZGH's business is divided into five business units: Geely Auto Group which includes the brands Geely Auto, Lynk & Co, and Proton Holdings ; Volvo Car Group which includes
2380-408: The administrator. On 31 October PwC announced that 156 Manganese staff in the UK were to be made redundant with immediate effect, out of the company's then total of 274 employees in the country, with the losses spread across its manufacturing facility, head office and dealerships. In January 2013, it was reported that Geely was in negotiations to buy the remaining shares of the company from PwC to save
2450-530: The automotive value chain , from research and development and design to production, sales and service. Geely was established in 1986 in Ningbo, Zhejiang by Li Shufu as a refrigerator parts manufacturer located in Taizhou, Zhejiang . To start the company, Li Shufu had to borrow funds from his family. In 1994, Geely transitioned into the motorcycle industry by acquiring a state-run firm , and started producing China's first scooter . In 1997, Geely completed
2520-528: The brand was ranked among the top ten in the Chinese automobile market. In 2002, Geely was restructured from being a family-operated entity to a joint-stock company managed by professional management. On 24 March 2003, Zhejiang Geely Holding Group Co., Ltd. (ZGH) was established with a registered capital of CN¥ 930 million. In January 2004, Li Shufu bought controlling shares in Guorun Holdings Co., Ltd.,
2590-460: The brands Volvo Cars and Polestar ; Geely New Energy Commercial Vehicle Group which include the brands London Electric Vehicle Company and Yuancheng (Farizon); Geely Group (New Business) which includes the brands Caocao, Terrafugia , Qianjiang Motorcycle , Joma , and other new businesses; and Mitime Group ( 铭泰集团 ; Míngtài Jítuán ) which includes ZGH educational institutions, motorsports business, and tourism business. Its global operations span
2660-474: The business. A press statement in February 2013 announced that an agreement had been reached for Geely to purchase the remainder of the London Taxi Company's assets, manufacturing rights, unsold stock and dealerships. Geely set up a new company, The London Taxi Corporation Ltd. under its British subsidiary Geely UK Ltd to resume assembly of the London black cab in Coventry. Carbodies Carbodies
2730-723: The carmaker's first-ever SUV, the Proton X70 was introduced in Malaysia in December 2018. It is based on first-generation Geely Boyue . In July 2023, after the internal restructuring in Geely Group, the Proton brand was consolidated into the balance sheets of Geely Auto . Volvo Cars is owned 78.7% by ZGH (post Volvo Cars IPO). ZGH acquired Volvo Cars from Ford Motor Company in 2010. The Maple brand name originated with Shanghai Maple Automobile ,
2800-463: The coachbuilding operations of his then employer, timber merchants Gooderhams and set up in business in premises acquired from Thomas Pass in West Orchard, Coventry . Rather than make bespoke bodies to individual designs, Carbodies set out to produce coachwork to a number of standardised designs for car companies that did not have their own coachbuilding facilities. Their first major customers during
2870-475: The company made bodies for military vehicles. They also acquired press tools through the Lend-Lease scheme, which enabled them to make aircraft components. In 1943, Carbodies also became a limited company at this time, with Bobby Jones as governing director and his son, Ernest Jones managing director. After the war, Carbodies negotiated with London taxi dealer Mann & Overton and Austin to make bodies for
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2940-582: The company ranks 225 in the 2023 Fortune Global 500 list of the world's largest companies. In 2023, the group produced a total of 2.79 million vehicles globally, including 980,000 plug-in electric vehicles . The company manufactures and sells vehicles under the brands of Geely and Lynk & Co , which are part of the Geely Auto Group business unit, along with its subsidiaries and joint ventures such as Zeekr , Volvo Cars , Polestar , Proton , Smart and Lotus , as well as commercial vehicles under
3010-489: The company suffered losses. Following continuing losses in that year, Ford Motor Company offered Volvo Cars for sale in December 2008. On 28 October 2009, Ford confirmed that, after considering several offers, the preferred buyer of Volvo Cars was ZGH. On 23 December 2009, Ford confirmed the terms of the sale to ZGH had been settled. A definitive agreement was signed on 28 March 2010 for US$ 1.8 billion . The European Commission and China's Ministry of Commerce approved
3080-496: The company with LTI Limited as its only operating division. In October 2012, MBH entered administration, having not made a profit since 2007. The Chinese automotive manufacturer Geely , which already owned 20% of the shares in LTI Limited, the company's only business, agreed to purchase LTI's principal assets and trade from the administrator to save the business and continue the production of taxis in Coventry. The new holding company
3150-610: The company's native name 吉利 ( pinyin : Jílì ), which means "auspicious" or "propitious" in Chinese . Geely entered the automotive industry in 1997, but only officially received national production license in November 2001. Following a restructuring of Geely, ZGH was established as a holding company largely owned by Li Shufu in March 2003. ZGH acquired the Swedish passenger car maker Volvo Cars from Ford Motor Company in 2010. It completed
3220-446: The company. In 1971 Carbodies bought the FX4 chassis assembly line from British Leyland 's Adderley Park , Birmingham factory and moved it to Coventry, making them complete manufacturers of the FX4, in actuality if not in name. In 1973, Carbodies was included in the sale of BSA to Manganese Bronze Holdings . In the 1970s, Carbodies tried to make a new taxi of their own, the FX5, but it
3290-591: The construction of relevant factories and initial investment preparations to enter the automobile industry. This made Geely the first private automobile company in China, whereas other carmakers are state-owned enterprises such as Chery . Geely's first car, the Geely Haoqing , rolled off the assembly line in Linhai, Zhejiang on 8 August 1998. However, Geely did not obtain its national production license until 9 November 2001, which delayed mass production until 2002. By 2002,
3360-403: The deal on 6 and 29 July 2010, respectively. The deal closed on 2 August 2010 with Geely paying $ 1.3 billion cash and a $ 200 million note. At the time of the purchase, is the largest overseas acquisition by a Chinese automaker. This acquisition facilitated Volvo's recovery and brought significant technological and managerial advancements to Geely. Under Geely ownership, Volvo Cars has developed
3430-532: The domestic market. As of January 2022 , production was slated to start by 2024. In May 2022, Renault said a Geely subsidiary was set to acquire a 34% stake of Renault Korea Motors through capital increase as part of their partnership, although the company would continue to be majority owned by Renault and a consolidated subsidiary of it. In November 2022, Renault said it plans to combine its powertrain production and development operations (including internal combustion engines and hybrid systems) with Geely's into
3500-598: The electric car's software while Geely would manufacture the car. The companies formed Jidu Auto in the same year, combining elements of both company names. Later, in August 2023, they launched the Ji Yue brand, with Geely owning 65% and Baidu 35%. Ji Yue is a subsidiary of Geely Group that was formed to circumvent restrictions on car manufacturing qualifications. Jidu Auto now focuses on technology solutions, including product design and AI development, for Ji Yue vehicles. Geely Auto
3570-871: The first step in this strategy, Geely announced to merge all the Geely Geometry dealership into Geely Galaxy dealership, further integrate its brand portfolio and sales channel. In November 2024, Geely Holding Group (Geely) announced to transfer its 11.3% stake in Zeekr Intelligent Technology (Zeekr) to Geely Automobile Holdings ( Geely Auto ). Geely Auto's shareholding ratio in Zeekr increased to 62.8%. Zeekr announced to purchase 20% stake of Lynk & Co from Geely Auto for 3.6 billion yuan and acquire Volvo Car 's 30% stake in Lynk & Co for 5.4 billion yuan. This made Zeekr hold 51% of Lynk & Co in total, while
SECTION 50
#17328581524653640-468: The founder of the Geely, released the "Taizhou Declaration", announcing that the company has entered a new stage of strategic transformation that Geely would promote the integration of internal resources, further clarify the positioning of each brand, straighten out equity relationships, reduce conflicts of interest and duplication of investment, and improve resource utilization efficiency. In October 2024, As
3710-563: The intercom system. In 2007 the TXII was replaced by the TX4 . This series established LTI Vehicles as a worldwide supplier of London-type taxis. In October 2010 the London Taxis International was rebranded as The London Taxi Company. A joint venture with Chinese car maker Geely , who already held a 20% interest in the company through its Manganese Bronze shareholding, was formed to build
3780-580: The land under its Coventry manufacturing facility. In October 2006 Manganese and the Chinese automaker Geely announced the creation of a China-based taxicab manufacturing joint venture. An extraordinary general meeting held in January 2007 of Manganese's shareholders approved the formation of the joint venture. In June 2008 Manganese announced the production of the first prototype TX4 taxi at its Chinese joint venture, LTI Shanghai. In July 2008 Manganese announced that it would be making redundant 40 employees as
3850-499: The largest shareholder of Malaysian carmaker Proton Holdings . The remaining 49% were acquired by Etika Automotive, a holding company of Proton's major shareholder Syed Mokhtar Albukhary . Proton had owned Lotus since 1996, and largely struggled to turn the fortunes of the sports car maker around. ZGH also purchased a 49.9% stake in Proton Holdings, which was agreed on 23 June 2017 and finalised on 29 September 2017. The purchase
3920-461: The manufacture of complete London taxicabs . Two years later was bought by Manganese Bronze Holdings . Rebranded as The London Taxi Company in October 2010, it was placed in administration in October 2012, with certain assets purchased by Geely to form what is now the London EV Company . The origins of The London Taxi Company can be traced to 1919, when Robert 'Bobby' Jones, a former general manager at coachbuilder Hollick & Pratt took over
3990-440: The manufacturer of London black cabs . Both companies started a £53 million joint venture to produce the black cabs in China, with Geely holding 52 percent and the British company 48 percent. The company has since reduced costs by producing parts in China. In February 2013, ZGH fully acquired Manganese Bronze Holdings for £11.04 million , after the British company entered administration due to lack of funding. ZGH established
4060-561: The marine division based at Birkenhead, and the company converted into a holding company, Manganese Bronze Holdings Ltd , with two operating subsidiaries: Manganese Bronze Ltd at Ipswich and Alpax Ltd at Willesden and Beverley. In the early 1960s Manganese Bronze Bearings Ltd (as it was then known) was taken over by a Dennis Poore investment vehicle, Villiers Engineering Ltd , a motorcycle company chiefly known for its range of engines, creating Manganese Bronze Holdings Ltd. This company subsequently bought Associated Motor Cycles Ltd , owners of
4130-618: The remaining 49% of Lynk & Co shares continues to be held by Geely Auto. The electric pickup brand Radar Auto has been consolidated into Geely Auto . In 2018, Li Shufu through his investment company Tenaciou3 Prospect Investment Limited purchased a 9.7% stake in Daimler AG (now Mercedes-Benz Group ), owner of the Mercedes-Benz and Smart brands. As of 2024 , Li Shufu is the second largest Mercedes-Benz AG shareholder after BAIC Group . In January 2020, ZGH and Daimler AG announced
4200-571: The same month it was reported that Geely would increase its shareholding in Manganese to 51% through participation in a placing of new shares. In August 2010 it was announced that Geely had decided not to proceed with the share placement and its shareholding in Manganeze would remain at just under 20%. In November 2010, LTI changed their trading name to "The London Taxi Company" to reflect the company's core business. Manganese entered administration on 22 October 2012 after failing to secure additional funding; PricewaterhouseCoopers (PwC) were appointed as
4270-400: Was London Taxis International. In January 2003 Manganese launched Zingo Taxi, an innovative taxi hailing system using mobile location technology. This was sold to Computer Cab in November 2004 for £1. This was to stem large losses because only 1,100 of London's approximately 21,000 taxi drivers subscribed. Between July 2003 and November 2004 Manganese also sold its property portfolio, including
SECTION 60
#17328581524654340-467: Was a taxi design and manufacturing company based in Coventry , England. In its latter years it also traded as London Taxis International and The London Taxi Company . It operated a coachbuilding business on Holyhead Road, Coventry. After half a century making short runs of limited demand bodies for major manufacturers it was obliged to replace these now moribund activities and in 1971 took from its former customer and supplier of taxi chassis, Austin ,
4410-406: Was abandoned in 1979 because the development costs were too high. In 1982 Carbodies took responsibility for the complete manufacture of the FX4 taxicab, after British Leyland lost interest in it. By this time, the FX4 was the company's only product, despite attempts to introduce new lines, such as a Ford Cortina MkV convertible and the Range Rover Unitruck. A new model of taxi, the CR6, based on
4480-444: Was announced that the Xingma Group had agreed to transfer a 15.2% stake of its shares in the Ma'anshan -based heavy truck manufacturer Hualing Xingma to Geely New Energy Commercial Vehicle Group, a wholly owned subsidiary of ZGH. After the transaction, Geely New Energy Commercial Vehicle Group would become the de facto controlling shareholder of Hualing Xingma. In February 2020, Volvo Cars and Geely started formal discussions about
4550-439: Was contracted by the Ministry of Munitions to produce shell cases. As its London location put it at risk of enemy air-raids, the shell case factory was moved to Ipswich. During World War II , its propeller works was moved to Birkenhead . A takeover of Redro Ltd in 1959 gave the firm a presence in Beverley and new light alloy product capabilities. In 1962, it shortened its name to Manganese Bronze . In 1963 Stone-Platt took over
4620-501: Was liquidated in 1986. BSA's components businesses became Manganese Bronze Components Division, comprising sintering, precision casting and metal powders; this division was sold in 2003 and went bankrupt a short period later. In 1984, the London taxicab dealer Mann & Overton was bought by Manganese. In 1992 the name Carbodies Limited was dropped and the company was renamed LTI Limited, comprising three divisions: LTI Carbodies, LTI Mann and Overton and London Taxi Finance. The trading name
4690-490: Was named The London Taxi Corporation , and it traded as The London Taxi Company (as LTI had done). This successor company was renamed to London EV Company in 2017. What became the Manganese, Bronze and Brass Co was founded in 1876 as P.M. Parsons , incorporated in 1882 and originally made Parsons Alloy (copper and manganese) ship propellers , operating from Thames-side factories in Deptford and, later, Millwall , London. It expanded into alloy products, and in World War I
4760-411: Was owned 50% by Geely Auto, 30% by Volvo Cars, and 20% by ZGH. It currently 51% owned by Zeekr and 49% owned by Geely Auto after restructuring. Proton is a national car brand of Malaysia, established in the 1980s at the behest of the government and later reverted to private ownership under DRB-HICOM . Since 2017, the brand is owned 49.9% by ZGH and 50.1% by DRB-HICOM. Its first Geely-based vehicle, also
4830-425: Was previously known as The London Taxi Company, which has roots from Manganese Bronze Holdings , the original manufacturer of black cabs that Geely acquired in 2013. With a new factory in Ansty Park , near Coventry, it has begun production of a new generation of zero-emission -capable new taxi vehicle in late 2017. Jidu Auto ( Chinese : 集度 ) is a joint venture between ZGH and Baidu that would be engaged in
4900-498: Was seen to facilitate future export growth in right-hand drive markets, and making inroads into the lucrative ASEAN region. Proton confirmed that it would not downsize its workforce following its deal with Geely. In July 2017, the company purchased Terrafugia , an American maker of flying cars . In November 2017, ZGH announced completion of the Terrafugia acquisition, including approval from all relevant regulators. In October 2017, Volvo Cars and ZGH announced that Polestar ,
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