Original disclosure @ NDB website
Updated in EWS Aug 5, 2025
Contribute Information
Can you contribute information about this project?
Contact the EWS Team
As stated by the NDB, the project consists of a loan to PAIFL to support sustainable transport, including electric passenger cars, LNG commercial vehicles, electric buses, and EV charging stations.
The Project aims to support the expansion of sustainable transport in China, thereby contributing to the reduction of greenhouse gas emissions. It is expected to primarily align with the SDG 9, while also contributing to SDG 7 and SDG 13. Additionally, the proposed transaction supports China’s national targets of peaking carbon emissions before 2030 and achieving carbon neutrality before 2060.
As stated by Bloomberg, Ping An International Financial Leasing Co., Ltd. offers financial leasing services. The Company conducts direct leasing, leaseback, entrust leasing, leveraged leasing, joint leasing, and other businesses. Ping An International Financial Leasing provides leasing services for medical, engineering construction, manufacturing, education, and other areas.
No project contacts provided at the time of disclosure.
ACCESS TO INFORMATION
You can submit an information request for project information though a form at the bottom of the following webpoage https://www.ndb.int/about-us/contact-us/. Alternatively, you can send an e-mail to info@ndb.int.
ACCOUNTABILITY MECHANISM OF NEW DEVELOPMENT BANK
The New Development Bank (NDB) does not currently have an independent accountability mechanism to accept complaints related to NDB-financed projects. The Bank does have a whistleblower mechanism that receives complaints about misconduct related to corruption, fraudulent practices and instances of money laundering in projects financed by the NDB and/or against the NDB staff members. To learn more about the whistleblower mechanism and how to file a complaint, access this webpage at: https://www.ndb.int/about-us/whistleblowing/.