LEVC receives £90m from Geely as Coventry factory faces fresh uncertainty

Verifying
  • Geely provided LEVC with two loans to repay Santander and BNP Paribas.
  • £90m was fully drawn down, while LEVC reported £61.8m in annual losses.
  • LEVC’s Ansty plant faces uncertainty as the TX6 electric taxi remains in development.
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