Geely close to announcing new home for TX5 production

Black Cab maker Geely are close to announcing Coventry’s 100 acre Ansty Park as the new home for the factory that will be building the upgraded TX5. A formal decision is expected in May.

The UK government have worked with Geely during the last year to secure the major investment and put forward a number of sites across the UK. The site in Leeds is expected to be chosen due to its close proximity to the existing Manganese Bronze Holdings headquarters on Holyhead Road in Coventry.

If they go ahead the factory is set to cost in the region of £150 million and the building is set to take the place on the remaining development land to the south of the phase 2 area at Ansty Park, which is owned by the Homes and Communities Agency and is located next to junction 2 of the M6. The second phase of the bilding work is likely to comprise of 6 buildings ranging in size from 34,000 sq ft to 90,000 sq ft.

Geely already owned 20% stake in the London Taxi Company and saved it from administration in 2012.