Yes, the same Geely that also owns Volvo and Lotus. Geely also owns a lot of other companies, too, but the focus today is on the London Electric Vehicle Company. And more specifically, Geely's plan to have LEVC expand significantly and build more than just taxis.

No, Volvo Cars does not own the London Electric Vehicle Company (LEVC), although they are "sibling" companies within a larger corporate family. Both Volvo and LEVC are owned by the Chinese automotive conglomerate Zhejiang Geely Holding Group (commonly known as Geely). Geely acquired Volvo from Ford in 2010 and completed the acquisition of LEVC (then known as the London Taxi Company) in 2013. Because they share a parent company, LEVC vehicles often utilize Volvo's high-end engineering, interior components, and safety technology; for example, the LEVC TX taxi uses a plug-in hybrid powertrain that shares significant DNA with Volvo’s T8 engines. As of early 2026, LEVC has been even more closely integrated into Geely's "Galaxy" business unit to accelerate its expansion into global luxury MPVs. So, while you may see a "Volvo-like" steering wheel or switchgear in a modern London taxi, the relationship is one of corporate partnership under Geely's massive umbrella rather than direct ownership by the Swedish carmaker.