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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.

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Volvo Cars successfully places first green bond, raises €500M

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The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework. A report will be issued annually to provide full transparency to investors. —Carla de Geyseleer, Chief Financial Officer.

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Jing-Jin Electric and Allison Transmission partner to accelerate development of commercial vehicle electrified powertrain solutions for global markets

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Together, the companies will further define product portfolio scope, manufacturing locations and supporting resources to be provided by each party. Headquartered in Beijing, JJE has technical centers and production facilities in the United States and China including Michigan, Shandong, and Shanghai.

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Volvo Cars raises €500M for electrification through second green bond issue

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All proceeds are earmarked for funding and accelerating the company’s transformation towards becoming a fully electric carmaker by 2030 and becoming climate-neutral and circular by 2040. Volvo Cars was the first established car maker to commit to full electrification and aims to sell only pure electric cars by 2030.

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Volkswagen committing $7.1B to boost product line-up, R&D, manufacturing in North America; targeting 55% BEV sales by 2030

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billion over the next five years in the North American region (NAR) (Canada, Mexico, United States) to boost its product portfolio, regional R&D and manufacturing capabilities. Volkswagen aims to strengthen these capabilities in its pivot to electric mobility. 4 electric SUV at Volkswagen’s Chattanooga, TN, facilities.

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BMW Group to build future MINI E vehicles in China with Great Wall Motor

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The BMW Group and Great Wall Motor have launched a new joint venture—Spotlight Automotive Limited—and are building a joint plant in China, where the BMW Group will produce future fully-electric models of its MINI brand. Jiangsu is also one of the leading provinces for finance, education and technology.

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Ford Pro now shipping E-Transit electric vans to European customers from Ford Otosan plant in Turkey

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Ford Pro is now shipping the first production units of its all-electric E-Transit van to customers across Europe from the Ford Otosan factory in Kocaeli, Turkey, a milestone that closely follows the start of deliveries to US customers from Kansas City Assembly Plant in February. Earlier post.)

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