PM David Cameron meets with Geely Chairman Li Shufu

British Prime Minister David Cameron, currently in China on a state visit this week, today met with Chairman Li Shufu, of Zhejiang Geely Holding Group, in Shanghai.

Mr Cameron and Mr Li’s discussion focused on the London Electric Vehicle Company, a subsidiary of Geely Group, touching on the firm’s production, global sales and future development. Geely Group Vice President and London Electric Vehicle Company Chairman Daniel Li was also present at the meeting.

Mr Cameron said, "Black cabs are synonymous with London.

"Seeing one in Shanghai today highlights how the links between the UK and China can bring rewards for both Chinese investment helping British businesses to succeed and grow.

"I'm delighted that Geely are investing £80m in their UK operation - increasing production at their Coventry plant, building a new development centre and creating 500 new British jobs.”

Mr Li said, “As a long-term and committed investor, we are determined to restore the fortunes of this symbolic brand which is known and admired all around the world. We believe the illustrious past of the London Black Cab can be matched by a successful and healthy future.”

Geely Group own The London Electric Vehicle Company which restarted production of the iconic Black Cab in September 2013. This momentous occasion for the Coventry-based manufacturer, hosted by Chairman Li and Vice-President of UK Operations Peter Johansen, was attended by a number of key local and national dignitaries, including the Secretary of State for Business