A Chinese car firm, Geely, which owns Sweden's Volvo, has announced plans to expand a new £300million electric black cab factory in Coventry.
In a major boost to the UK car industry the company, which pledged to invest a further £30 million, plans to use the plant to develop a new electric 'green' London Taxi Cab, creating 1,000 jobs. The plant will also be used to build an electric van.
Chief Executive of Geely, Li Shufu, has given his full commitment to the project despite Britains vote to leave the European Union.
"We do respect the decision made by the British people," he says. "I don't think Brexit will have any negative impact on the relationship between China and the UK.
"We can continue this relationship with Britain well into the future. The UK is a very attractive country. From Geely's position we have no plans to change these plans for future investment."
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