Subsidiary of Geely-backed NEV brand Farizon closes $100m in debut financing

Subsidiary of Geely-backed NEV brand Farizon closes $100m in debut financing

Photo from Farizon's official WeChat account.

A wholly-owned subsidiary of Geely-backed Farizon New Energy Commercial Vehicle Group has secured $100 million in its initial funding round at a pre-money valuation of $1 billion to invest in the development of methanol-to-hydrogen new energy vehicles (NEVs).

Edited by: Padma Priya

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter