(Geely is reported to be seeking to raise nearly 1 billion pounds for London Electric car Company to boost electric taxi production] Geely Holdings is considering raising capital for London Electric vehicle Company (LEVC), the maker of London's iconic taxi, to strengthen its electric vehicle fleet, according to people familiar with the matter. It is reported that Geely may seek to raise about 1 billion pounds ($1.2 billion) from private investors for LEVC. Geely may also explore other strategic options to boost electric taxi production and boost LEVC. People familiar with the matter said that the relevant considerations are at a preliminary stage, depending on the reaction of investors, such as the size and timing of financing and other details may still change. (Bloomberg)