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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. Even by the standards of big-money tech investment, the vision is giddily audacious.

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Geely exports more than 100,000 vehicles in 2012; 164% year-on-year growth

Green Car Congress

According to figures released by the China Association of Automobile Manufacturers (CAAM), in the first eleven months of 2012 Chinese self-developed brands exported 470,000 passenger vehicles in total—with automotive manufacturers on average showing a 30% sales increase over 2011 figures.

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BYD and Hertz partnering on EV rentals in China

Green Car Congress

BYD and The Hertz Corporation, the world’s largest general use car rental brand, announced a strategic partnership to promote new energy applications to propel the development of the EV markets in China. As part of the partnership, Hertz will rent BYD’s e6 electrical vehicle (EV) to Chinese consumers, municipalities and government agencies.

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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

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. The companies will develop in phases the joint education center to host government and industry delegations and educate Chinese consumers about the benefits of going electric.

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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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How China beat everybody to be international chief in electrical automobiles

Baua Electric

Production is booming too — Chinese language manufacturers account for approximately part of all EVs offered globally, HSBC analysts stated in a up to date be aware. The Shenzhen-based corporate has turn into the best-selling logo in China, finishing Volkswagen AG’s decades-long reign. It’s now not simply consumers. China had 6.36