Electric taxi manufacturer to lay off 140 workers in Coventry
The London Electric Vehicle Company (LEVC) has announced that it will lay off 20% of its staff, which results in around 140 job losses at its Coventry factory in Ansty.
The automotive firm which manufactures electric black cabs and vans has said it’s been heavily impacted by the pandemic and is therefore looking to improve its cash flow.
Alex Nan, CEO of LEVC said: “To put LEVC on the path to resilient, sustainable profitability and growth, we are strategically restructuring the business. We will continue to focus on our commitment to green mobility solutions, with ongoing support from Geely’s global technology and supply chain resources.
“[The factory in Coventry] remains the home of the iconic London black cab and we will announce further news on LEVC’s new strategic vision soon.”
Developing London’s first electric black cab, there are now more than 4,400 cabs by LEVC on the streets of London.
The firm, once know as The London Taxi Company was rescued in 2013 by China’s Zhejing Geely Holding Group. It then opened the £300m facility in Ansty in 2017, creating 1,000 jobs.