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Carmakers tap green bonds for electric vehicles

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IN DEMAND: Zhejiang Geely raised US$400 million this month in a green bond sale to finance development of zero-emission black cabs in the UK.

New York

INVESTORS expect more carmakers to tap the green bond market after car companies raised US$2.5 billion in 2016 to finance electric and hybrid vehicles.

This month, the financial arm of Toyota Motor Corp sold a US$1.6 billion green bond to fund consumer purchases and leases

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