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Electric Vehicles

GM Eyes Sustainable Debt Market to Fund Its Electric Car Push

  • Aims for carbon neutral products, operations globally by 2040
  • BNP, Credit Agricole arranging calls with credit investors
GM’s electric Chevrolet Blazer

GM’s electric Chevrolet Blazer

Source: General Motors Co.

General Motors Co. is reaching out to investors to gauge their interest in debt meant to benefit the environment as the automaker looks to scale up its production of electric vehicles to compete with Tesla Inc.

GM has mandated BNP Paribas SA and Credit Agricole CIB to arrange a series of calls with fixed-income investors focused on environmental, social and governance issues on Wednesday and Thursday, according to a person with knowledge of the matter. BNP will be coordinating logistics, said the person, who asked not to be identified as the details are private. Usually a new debt deal follows after such calls.