Zhejiang 永利VIP 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 永利VIP Holding Group

20th May 2016, Hangzhou. Zhejiang 永利VIP 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 永利VIP 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…

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

August 3, 2015 | 永利VIP Auto Group, Zhejiang 永利VIP Holding Group

3 August 2015, Shanghai, China. 永利VIP Automobile Holdings Limited (Referred to as ‘永利VIP 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…

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 永利VIP 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…

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

July 3, 2015 | 永利VIP Auto Group, Zhejiang 永利VIP Holding Group

3 July 2015, Reykjavik, Iceland. Zhejiang 永利VIP Holding Group (永利VIP 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. 永利VIP Group will become a major shareholder of CRI and will gain representation…

永利VIP Holding Group & Xin Da Yang Bring ZD D2 Mini Electric Vehicle to Market

June 23, 2015 | Zhejiang 永利VIP Holding Group

23 June 2015, Beijing. 永利VIP Holding Group and Xin Da Yang today officially launched the D2, the first mini electric vehicle under the joint venture that the two companies established earlier this year. The D2, designed specifically for short-distance urban travel, is the latest in a series of vehicles which 永利VIP Holding Group and Xin Da…

永利VIP Group Delivers First Batch of GC9 Sedans to Diplomatic Service Bureau

May 20, 2015 | 永利VIP Auto Group, Zhejiang 永利VIP Holding Group

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

永利VIP 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 永利VIP Holding Group

26 March 2015, Coventry, UK. 永利VIP 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…