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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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MEG expanding heavy-duty electric truck efforts; succsessful testing of mine vehicle

Green Car Congress

After in-depth conversation and research, conducted by MEG and our partners, with two of China’s leading mining provinces, Inner Mongolia and Yunnan, we have determined that they have a combined sales target for heavy trucks and the required batteries of approximately US$14 billion (RMB100 Billion) over the next three years.

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Shanghai GM Aims to Reduce Fuel Consumption 15%, Improve Performance 14% by 2015; New Engines, Prototype New Sail Electric Vehicle

Green Car Congress

The Drive to Green strategy is based on improving and optimizing the performance of traditional internal combustion engines and transmissions; continuing the roll out of hybrids; promoting electric vehicles; and supporting the development of hydrogen and other zero-emission products. liter VVT engine and 1.4-liter Advanced Powertrains.

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VW Group strategy calls for >30 new BEVs by 2025 with annual EV sales of 2-3M units; mobility services

Green Car Congress

The Volkswagen Group forecasts that its own BEV sales will be between two and three million units in 2025, equivalent to some 20 to 25 percent of the total unit sales expected at that time. Combustion engines will still account for around two-thirds of the new vehicles market volumes in 2030, he noted. —Matthias Müller.

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UK unveils new plan to cut NO2; sale of new conventional gasoline and diesel cars to end by 2040; focus on local action

Green Car Congress

Among the many policy and funding details in the UK Plan for Tackling Roadside Nitrogen Dioxide Concentrations , produced by Defra and the Department for Transport is the cessation of the sale of all new conventional gasoline and diesel cars by 2040. Source: UK plan for tackling roadside NO 2. Click to enlarge. 100M – National road network.

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World Bank/PRTM study finds global value chain shift resulting from vehicle electrification could favor China from technology and supply chain perspectives

Green Car Congress

Industry forecasts suggest that the global electric vehicle sales will contribute between 2% to 25% of annual new vehicle sales by 2025, with the consensus being closer to 10%. The study estimates that global sales of plug-in vehicle will likely constitute 10% of new vehicle sales by 2020. Integrated Charging Solutions.

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EV Chargers for All!

Cars That Think

Gillian Flaccus/AP Renters in the United States are now spending 30 percent of their income on rent, leaving little to finance the purchase of a vehicle. Therefore, it is not surprising that homeowners (with an median household income of $82,210, according to NMHC data) make up nearly nine out of 10 sales of all new U.S. households.