Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTAX.L Regulatory News (TAX)

  • There is currently no data for TAX

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Electric Taxi Launched

8 Feb 2010 07:00

RNS Number : 7948G
Eco City Vehicles PLC
08 February 2010
 



8 February 2010

 

Eco City Vehicles PLC

("Eco City" or "ECV" or "the Group")

 

Mercedes All Electric Taxi Launched

 

 

Eco City Vehicles PLC, a developer and supplier of eco-friendly commercial vehicles and the London licensed taxi, is pleased to announce the launch today of an all electric prototype of the London-licensed Mercedes Vito taxi (Vito), which was co-developed and is distributed exclusively by the Group.

 

Called the Mercedes Electric eVito Taxi (eVito), the zero-emissions, lithium-ion battery vehicle was developed by a consortium of high-technology engineering companies including ECV's manufacturing partner Penso, Mercedes Benz UK and Zytec Automotive.

 

One80 Ltd, an associate company of the Group, provides its patented rear-wheel steering technology for the eVito as well as the Vito taxi, enabling the vehicle to meet the Public Carriage Office requirement for a minimum turning circle of 25 feet.

 

Later this year, the consortium plans to conduct controlled trials to confirm eVito's suitability for road usage as a London licensed taxi.

 

The electric taxi is powered by Zytek's 70kW electric powertrain and expected to exceed a total range of 120 miles in a typical mixed drive cycle on a single charge. The vehicle's performance is predicted to be similar to the internal combustion engine taxi, making it an ideal choice for inner city transportation and London cabbies. With zero emissions, it is also expected to be fully compliant with the Mayor of London's proposed new clean air standards for London taxis, due to be introduced in time for the London Olympics.

 

The Group believes that the advanced technologies used in the eVito also offers considerable potential for developing other types of eco-friendly commercial vehicles targeted at urban areas.

 

Peter DaCosta, Chief Executive Officer of Eco City Vehicles, commented: "The eVito is the first all-electric wheelchair accessible taxi with a 25-foot turning circle to be launched in the world and a major step towards our goal to become a leading supplier of niche eco-friendly vehicles. Subject to successful trials, the eVito together with the already popular Vito taxi, provides London with a great opportunity to reduce air pollution with modern vehicles. We have taken on board Mayor Boris Johnson's wish for a cleaner London and I'm confident this will contribute to meeting his goal."

 

 

Enquiries:

 

Eco City Vehicles plc

Peter DaCosta, Chief Executive Officer

+44 20 7377 2182

 

Corfin Communications

Neil Thapar, Alexis Gore, Harry Chathli

+ 44 20 7977 0020

 

Numis Securities Limited

Stuart Skinner (Nominated Adviser)

+44 20 7260 1000

David Poutney (Corporate Broker)

 

 

About Eco City Vehicles

 

Eco City Vehicles plc is an established specialist vehicle distributor and a leading after-sales service centre for the London Taxi owner-driver market. Eco City Vehicles is in the process of expanding its product lines by distributing environmentally friendly vehicles through its existing channels to market, targeting local authorities, urban vehicle fleet owners (e.g. supermarket chains) and other business users.

 

The Vito, co-developed by ECV with One80 Ltd and Mercedes Benz, was launched in June 2008 as an alternative to the old-style TX4 taxi. Since then it has captured a more than 30% share of new "black cab" taxi sales in London, becoming an increasingly familiar site in the capital. The Group has also launched a 3.5 tonne series hybrid Mitsubishi truck in the UK.

 

About Penso

 

Penso, based in Coventry, are an advanced engineering and niche manufacturing group of companies, providing products and services to mainstream and low volume OEMs globally. Penso manufacture the Vito Taxi for Eco City Vehicles and have been one of the lead partners responsible for the delivery of the eVito taxi prototype.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEAAAXESLEEFF
Date   Source Headline
14th Dec 20097:00 amRNSEco City sells 500th Vito taxi
12th Nov 20092:33 pmRNSPresentation to investors
29th Sep 20097:00 amRNSInterim results
17th Jul 200911:44 amRNSTermination of LTI Dealership
30th Jun 20094:30 pmRNSFinal Results
19th May 20097:00 amRNSECV's first hybrid truck arrives
31st Mar 20097:00 amRNSECV's Mercedes Vito Taxi
6th Oct 20087:00 amRNSRe Further Licensing
30th Sep 20087:00 amRNSInterim Results
2nd Jul 20084:54 pmRNSAnnual Report and Accounts
24th Jun 200811:41 amRNSReceipt of European Whole-Typ
16th Jun 20087:54 amRNSContract Win
2nd Jun 20087:00 amRNSStatement re. Press Comment
30th May 20083:23 pmRNSPreliminary Results
13th May 200810:43 amRNSStatement Re Share Price Move
1st Feb 20086:02 pmRNSDirectorate Change
22nd Jan 20087:00 amRNSAcquisition
8th Jan 20089:46 amRNSTrading on PLUS
11th Oct 20079:32 amRNSTotal Voting Rights
11th Oct 20079:17 amRNSFirst day of dealings

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.