Green Bond of General Motors for Clean Transportation Strategy
- Aug 1, 2022 5:49 pm GMT
General Motors (GM) has announced the pricing of its first green bond offering, a $2.25 billion senior unsecured note offering to fund its clean transportation strategy.
GM announced earlier this year plans to invest more than $7 billion in electric vehicle and battery production in North America, and the company revealed last week that it has secured enough battery raw material to support its goal of 1 million units of EV capacity in North America by 2025.
An optimistic outlook on achieving NetZero aims is being created by these collaborations' initiatives for modifying the climate. Nothing can stop us from creating a sustainable society if every institution—government, business, and individual—begins working with enthusiasm toward the same objective.
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