article thumbnail

ADB leads $135M climate financing package for VinFast e-bus fleet and EV charging network in Vietnam

Green Car Congress

The Asian Development Bank (ADB) mobilized a $135-million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network.

Vietnam 195
article thumbnail

BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

Green Car Congress

thousand in 2017. Investment in new wind, solar, and other non-large hydro renewables projects in the country fell to $86 billion in 2018 from $122 billion in 2017. Across all emerging markets surveyed, 2018 investment fell to $133 billion, lower than not just the 2017 total but the 2015 figure as well. billion and $2.7

Coal 243
article thumbnail

VinFast pushes forward regardless of early setbacks

Baua Electric

VinFast was once based in 2017, began making fuel automobiles in 2019 and delivered its first EV locally in 2021 month pronouncing plans for 2 others, the midsize VF 8 crossover and three-row VF 9. This week, it all started generating the smaller VF 6 and VF 7 in Vietnam next phasing out fuel vehicles endmost week.

Vietnam 52
article thumbnail

BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

This was the second-highest annual figure ever (after 2017’s $313.3 Highlights of the renewables investment total included a leap of 56% in financings of offshore wind projects to $50 billion, including the largest deal ever in that sub-sector—$8.3 Biomass and waste-to-energy financings were down 3% at $10 billion.

2020 259