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Geely raises $400M via Green Bonds sale to develop and produce TX5 range-extended electric London taxis

Green Car Congress

China’s Zhejiang Geely Holding Group (ZGH) has raised $400 million through the first Green Bond sale on the offshore market from a Chinese automobile company to support the design, development and production of range-extended electric vehicles by its UK subsidiary, the LondonTaxi Company (LTC), manufacturer of the iconic London Black Cab.

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NYC Goes EV

Revenge of the Electric Car

Last week, the Obama administration announced new fuel economy standards for automobiles that provides some incentives for electric cars. billion in stimulus grants to the industry. “We can see a role for more efficient vehicles in a New York City with vastly diminished automobile use.&#. roads by 2015 and has provided $2.4