Manganese Bronze Holdings LTI Limited as its only operating division. In October 2012, MBH entered administration, having not made a profit since 2007. The Chinese automotive manufacturer Geely, which already owned 20% of the shares in LTI Limited, the company's only business, agreed to purchase LTI's principal assets and trade from the administrator to save the business and continue the production of taxis in Coventry. The new holding company was named The London Taxi Corporation, and traded as "The London Taxi Company" (as LTI had done): this successor company was renamed to London EV Company in 2017. Manganese originally made ship propellers. In
Electric Vehicle Company Electric Vehicle Company Electric Vehicle Company was an American automobile holding company and early pioneering manufacturer of automobiles. The Electric Vehicle Company was founded 27 September 1897 as a holding company of battery-powered electric vehicle manufacturers made up of several companies assembled by Isaac Rice. Rice had acquired in May, 1897 another electric cab manufacturer, the Electric Carriage & Wagon Company (E.C.W.C.) in New York. Their vehicles were constructed by "Henry G. Morris" and "Pedro G. Salom", builders of the Electrobats, the first truly useful electric automobiles in the USA. E.V.W.C. pioneered a cab system that included service stations for