Zhejiang Geely Holding Group Co., owner of the company that makes London’s iconic black cabs, secured this amount through a green bond sale. The proceeds will finance the development of the TX5, a hybrid battery-powered version of the classic 1958 FX4.
01 Jan 2018
By when London will require all new taxis to be zero-emission capable.
electric cabs a year will be produced by the new factory in Coventry, England. The factory will be built using funds from the bonds issued. Commercial sales are set to start in the fourth quarter of 2017.