Chinese firm Red Sun Group has announced an investment of more than £100 million into a Coventry-based manufacturing company to produce zero-emissions taxis.
Building on the specialised work Cad Cam Automotive (CCA) currently do for Jaguar Land Rover, Red Sun Group wish to invest in providing facilities for the new breed of commercial vehicles powered by tried and tested, highly efficient hybrid Ecotive Vehicle Platform, starting with the production of the MetroCab.
Commenting on the investment, Yang Shou Hai President of Red Sun Group said: “I have always been driven by applying new technologies to provide better products and reduce the impact on our environment.
“This is another strong step in Red Sun’s stated ambition to becoming China and the world’s pioneer in new technology, independent innovation and industrial models.
“This investment opportunity brings together highly skilled workers, and the application of market leading technologies to provide highly efficient commercial vehicles with vastly reduced harmful exhausts. We are very excited at the longer-term prospects this technology and plant can deliver.
“This investment on top of the £300 million already announced will lead to the production of billions of pounds worth of cars and commercial vehicles in the years to come.”
Martyn Wheeler, managing director of CCA, added, “This investment is not only a testament to the quality of our company’s employees and their output, but further proof that the automotive production business is thriving in the Midlands and especially in Coventry.”