Low carbon partnerships between the UK and China worth £100 million have been announced.
The news comes as Chinese President Xi Jinping, who is also expected to sign a nuclear deal later today, is in the UK for a four-day State Visit.
Aston Martin has unveiled a £50 million project with China Equity to develop its zero-emission ‘RapidE’ sports car.
London Taxi Company owner Geely is also investing £50 million for research programmes and to launch a new fleet of zero-emission black cabs.
Business Secretary Sajid Javid said global partnerships are “essential in building a Britain that is stronger, more prosperous and full of opportunity”.
He added: “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 projects are part of trade and investment deals worth £30 billion that are expected to be unlocked this week.
UK spies are to reportedly monitor computer systems at new nuclear power plants built by Chinese companies.