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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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Following the Money in the Air-Taxi Craze

Cars That Think

Today, Joby has more than 1,000 employees and it’s backed by close to US $2 billion in investments, including $400 million from Toyota Motor Corporation along with big infusions from Uber and JetBlue. Industry analysts tend to have more restrained expectations. The proposed MOCs must be acceptable to the FAA.

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Better Place, China Southern Grid sign strategic agreement on battery switching; Guangzhou accord to encourage production of EVs with switchable batteries

Green Car Congress

The Guangzhou accord calls for the municipal government to encourage local car manufacturers, such as Guangzhou Automobile Industry Group, to produce electric cars with switchable batteries. It also calls for the city to promote electric-car adoption in fleet segments including public-sector vehicles and private-sector fleets such as taxis.

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Volkswagen Group, Google partnering on quantum computing; traffic optimization, batteries, AI

Green Car Congress

We at Volkswagen want to be among the first to use quantum computing for corporate processes as soon as this technology is commercially available. Quantum computing technology opens up new dimensions and represents the fast-track for future-oriented topics. Thanks to our cooperation with Google, we have taken a major step towards this goal.

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Geely invests in Carbon Recycling Intl.; vehicles fueled by methanol from CO2, water and renewable energy

Green Car Congress

Geely’s Englon SC7 sedan was the first methanol-fueled car to receive approval from China’s Ministry of Industry and Information Technology. In late April 2015, Geely Auto deployed a first-of-its-kind fleet of 150 methanol-fueled taxis in the southern Chinese city of Guiyang in cooperation with the municipal government.

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Three perspectives on China’s EV industry (spoiler alert: legacy brands are toast) – Charged EVs

Baua Electric

Jeremiads lamenting China’s takeover of the global auto industry are everywhere these days. Each reaches basically the same conclusion: the global non-Chinese automakers will never be able to catch up unless they radically change their corporate mindsets. Three recent accounts stand out from the pack.

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IDTechEX sees battery swapping as winner in 2- and 3-wheeler markets of Asia-Pacific

Green Car Congress

Personal cars and taxi fleets in China are now adopting this technology as well with ambitious targets set by companies for rolling out their own swap station networks. Although IDTechEx believes battery-swapping remains unlikely to thrive in the US, many Chinese OEMs are now entering the European market.

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