UK-China technology partnerships announced

Deals for Aston Martin, Alexander Dennis and Geely unveiled

Low carbon taxis and a zero-emission sports car are at the centre of a £325 million suite of creative and technology partnerships between the UK and China announced today.

The partnerships will develop innovative new technologies in cutting-edge facilities in both the UK and China.

Aston Martin has unveiled a £50 million deal with China Equity to develop its zero-emission electric Rapide sports car.

Meanwhile, London Taxi Company owner Geely also announced an extra £50 million investment to enhance its research capabilities and launch a new fleet of zero-emission-capable black cabs.

In addition, British bus builder Alexander Dennis is to join forces with Chinese firm BYD to build 200 next-generation buses over the next 10 years. The deal could be worth £2 billion.

Business secretary Sajid Javid said: “Global partnerships are essential in building a Britain that is stronger, more prosperous and full of opportunity. Deals like those announced today will ensure our economy remains resilient and our businesses feel well-equipped to face the future.

“This is a perfect example of how UK-China collaboration not only promotes investment but also makes a difference to the lives of ordinary people. It is another reason why China remains one of our most important international partners.”

The announcements were made as part of the official state visit of Chinese president Xi Jinping.