But if Uber's Popular/Pool service proves to be as popular as it has in many other countries, will there be a Taxi trade left in London, able to afford these pricey vehicles.
Uber pop is the service that uses unchecked, unlicensed drivers, driving unlicensed vehicles to offer ride sharing through its smart phone app.
Geely is expected to make the announcement during President Xi Jinping’s visit to the UK next week, according to the leak ahead of the official release. The UK research center will be built in the city of Coventry alongside a planned new plant, and will be Geely’s second such facility outside China after its joint center with Volvo Cars in Gothenburg, Sweden.
The company said in March that it will invest 250 million pounds ($382 million) in a new plant in Coventry that will be able to manufacture as many as 36,000 vehicles a year. The company will also introduce a new model in the U.K. at the end of 2017 and other markets in 2018.
Bloomberg article said a spokesman for Geely has declined to comment.
EDITORIAL COMMENT:
Interesting times ahead. TfL have always stated that ride share services from PH operators would be deemed illegal.
Uber argue although they have a PH operator's licence from TfL, they are not a licensed Private Hire operator. It's their partners/drivers who are operators, Uber say they are mearly a technology company, not a transport company.