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Geely to spend more than $300 million on smart green technologies for commercial vehicles

Geely subsidiary Farizon Auto has raised more than $300,000,000 to research and develop a global ecosystem based on commercial vehicles powered by new energy sources. But even without it, the brand is the best-selling brand in China’s freight segment.

Farizon’s main financial partner was Singaporean company GLP. Geely’s subsidiary trucks will achieve carbon neutrality by 2025 through collaboration to develop new technologies and develop the commercial vehicle ecosystem with alternative sources.

It looks like these guys are going to make their “heavy trucks” the most environmentally friendly in the world. In addition, three areas have already been created to integrate the global ecosystem: fleet leasing and intelligent logistics management, clean energy supply control and battery charging and replacement services.

The company will further develop the brand’s philosophy to lead the green revolution in commercial vehicles through innovation and smart connectivity, the ambitious press release said.

One cannot help but agree: the plans are grandiose. And there is no doubt that the Chinese will implement them, and quite soon.

It is worth adding that Farizon is the number one in China in terms of sales in the energy new commercial vehicle sector. And sales are growing steadily. Let’s say that year-over-year sales volume grew by 259%, achieving a market share of 19.6%. According to the results of three quarters of 2022, the company has secured the status of absolute leader.

Farizon’s main financial partner was Singaporean company GLP. Geely’s subsidiary trucks will achieve carbon neutrality by 2025 through collaboration to develop new technologies and develop the commercial vehicle ecosystem with alternative sources.

It looks like these guys are going to make their “heavy trucks” the most environmentally friendly in the world. In addition, three areas have already been created to integrate the global ecosystem: fleet leasing and intelligent logistics management, clean energy supply control and battery charging and replacement services.

The company will further develop the brand’s philosophy to lead the green revolution in commercial vehicles through innovation and smart connectivity, the ambitious press release said.

One cannot help but agree: the plans are grandiose. And there is no doubt that the Chinese will implement them, and quite soon.

It is worth adding that Farizon is the number one in China in terms of sales in the energy new commercial vehicle sector. And sales are growing steadily. Let’s say that year-over-year sales volume grew by 259%, achieving a market share of 19.6%. According to the results of three quarters of 2022, the company has secured the status of absolute leader.

Source: Avto Vzglyad

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