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October 22, 2015

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Classic collaboration models

Source: AFP | October 22, 2015, Thursday | Print Edition

ZERO-EMISSION prototypes of a London’s classic taxi cab and red bus were showcased as models of China-Britain collaboration on the second day of President Xi Jinping’s state visit.

Xi was joined by Prince William and his wife Kate as he was shown the technology during a visit that has focused heavily on wooing Chinese investment to Britain.

London Taxi Company’s Chinese owner Geely unveiled the TX5, a zero-emission-capable version of the British capital’s iconic black cab, and announced an additional investment of 50 million (US$77 million) in its British arm.

Bus builder Alexander Dennis Limited showed off the result of its collaboration with Chinese firm BYD, a zero-emission London red bus.

The Scottish firm said that it had reached an agreement with BYD to build 51 single-decker London buses to be delivered in the next nine months, in a deal that would progress to building 200 buses a year to be distributed around Britain.

Luxury sportscar maker Aston Martin also showcased its RapidE model, which the firm aims to develop in a 50 million pound deal with investment firm China Equity.

“This is a perfect example of how UK-China collaboration not only promotes investment but also makes a difference to the lives of ordinary people. It is another reason why China remains one of our most important international partners,” Sajid Javid, Britain’s Secretary of State for Business, Innovation and Skills, said in a statement.

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