Zhejiang Geely Holding Group Raises US$400 Million in Chinese Auto Industry’s First Ever Offshore Green Bond Issuance

May 20, 2016 | London Electric Vehicle Company, London Taxi Co., Zhejiang Geely Holding Group

20th May 2016, Hangzhou. Zhejiang Geely Holding Group (“ZGH” or the “Group”) priced the first-ever Green Bond on the offshore market from a Chinese automobile company, raising US$400m to support the development of zero-emission capable vehicles by its UK subsidiary, the London Taxi Company (“LTC”), manufacturer of the iconic London Black Cab. The senior unsecured bonds,…

The London Taxi Company Unveils Next Generation Zero Emission Capable Black Cab and Announces Further R&D Investment in the UK

October 21, 2015 | London Electric Vehicle Company, London Taxi Co., Zhejiang Geely Holding Group

21 October 2015, Coventry, UK. The London Taxi Company (LTC) today unveiled the new design for its next generation zero emission capable Black Cab, the TX5, at a VIP event celebrating creative industries and design held at Lancaster House, London, as part of the state visit tothe UK by Chinese President Xi Jinping. The TX5…

Construction Underway for the London Taxi Company’s New Home to Build Ultra Low Emissions Vehicles

August 3, 2015 | London Electric Vehicle Company, London Taxi Co., Zhejiang Geely Holding Group

3 August 2015, Coventry. The London Taxi Company has today announced the start of construction work to build its new research, development and assembly site in Ansty, Coventry. This important milestone comes soon after the company’s £250 million investment project was announced in the presence of the Prime Minister and Mayor Boris Johnson earlier in…

Geely Auto and BNP Paribas Financial Joint Venture Receives Second Round of Approval

August 3, 2015 | Geely Auto Group, Zhejiang Geely Holding Group

3 August 2015, Shanghai, China. Geely Automobile Holdings Limited (Referred to as ‘Geely Auto’ below) and BNP Paribas Personal Finance (Referred to as ‘BNPP PF’) are pleased to announce that their financial joint venture has received the official approval from the Chinese Government to commence business operations now. The new joint venture, named Genius Auto…

Geely Group Invests in Iceland’s Carbon Recycling International in Further Step Forward for New Energy & Methanol Vehicle Efforts

July 3, 2015 | Geely Auto Group, Zhejiang Geely Holding Group

3 July 2015, Reykjavik, Iceland. Zhejiang Geely Holding Group (Geely Group) today announced plans to investa total of US$45.5 million in Carbon Recycling International (CRI). The investment consists of an initial investment and additional purchases of CRI equity over a three-year period. Geely Group will become a major shareholder of CRI and will gain representation…

Geely Group Delivers First Batch of GC9 Sedans to Diplomatic Service Bureau

May 20, 2015 | Geely Auto Group, Zhejiang Geely Holding Group

20 March 2015, Beijing. Zhejiang Geely Holding Group (“Geely Group”) today officially delivered an initial fleet of 20 Geely GC9 sedans to China’s Diplomatic Service Bureau. The vehicles were provided as part of an agreement reached in October 2014, under which Geely Group will provide the Bureau with 50 units of its flagship sedan to serve…

Geely to Invest £250m in New London Taxi Site to Develop Next-Generation Green Cab

March 26, 2015 | London Electric Vehicle Company, London Taxi Co., Zhejiang Geely Holding Group

26 March 2015, Coventry, UK. Geely announces today that it will invest £250m to build a new state-of the-art research, development and assembly facility for the London Taxi Company as the group prepares for the introduction of the next generation London Black Cab. The investment will see the construction of a new purpose-built facility in…