Gasgoo Daily: Mercedes-Benz issues first Green Panda Bond in China

With Gasgoo Daily, we will offer daily important automotive news in China. For those we have reported, the title of the piece will include a hyperlink, which will provide detailed information.

Mercedes-Benz issues first Green Panda Bond in China

Mercedes-Benz International Finance B.V. successfully issued its first Green Panda Bond in China on November 24, with a scale of 500 million yuan, a two-year maturity, and a coupon rate of 2.9%, according to a statement released by Mercedes-Benz's official WeChat account. The bond is the first green bond issued by Mercedes-Benz outside the European market and the first Green Panda bond issued by an automotive company in China. 

Photo credit: Mercedes-Benz

EVE Energy to supply BMW’s Shenyang battery center with battery cells

BMW Group's power battery center in Shenyang struck a cooperation deal with EVE Energy Co., Ltd. ("EVE Energy") recently, under which the latter will supply battery cells to the automaker. The procurement order came after BMW’s announcement to invest 10 billion yuan in expanding its power battery center in Shenyang.

All-new Peugeot 5008 hits market in China

The all-new Peugeot 5008 model officially hit the Chinese market on November 25. Presale of the model kicked off with a price range of 177,700 yuan to 233,700 yuan. Inheriting Peugeot’s refreshed design style, the new 5008 is installed with a new-type front grille with chrome plated lines.

Photo credit: Dongfeng Peugeot

Beijing aims to have 74 hydrogen refueling stations under operation by 2025

Beijing, the capital of China, is ambitious to have 74 operational hydrogen-refueling stations by 2025, 37 stations of which are expected to be built by 2023, according to a document released by Beijing Municipal Government earlier this week.

Tesla recalls 80,561 Model 3, Model X, Model S vehicles in China

On November 25, Tesla issued a plan to recall 80,561 Model 3s, Model Xs, and Model Ss in China. The recall will take effect immediately.

Dongfeng Forthing plans to stop oil-fueled vehicle production in five years

Dongfeng Forthing, a car manufacturer under Dongfeng Motor Group, aims to stop producing fossil-fueled vehicles within the next five years, as part of the new energy vehicle (NEV) brand strategy, named "Guanghe (meaning 'photosynthetic') Future" the automaker released on Nov. 24.

China's driverless sanitation vehicle developer Yunchuang Zhixing closes Pre-A+ round

China’s autonomous driving startup Yunchuang Zhixing announced on November 24 the completion of its Pre-A+ financing round, which raised for the company tens of millions of yuan.

Great Wall Motor launches NEV-dedicated brand ‘GWM’ in Brazil

Chinese biggest SUV manufacturer, Great Wall Motor, held a ceremony in Brazil on Nov. 23 local time to launch the brand "GWM" in this country, indicating a milestone in the company's global promotion of its new energy vehicles (NEVs).