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Venture Capital

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Farizon Auto raises USD600m to fund expansion

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By Will Pulson - 11th August 2023

Farizon’s methanol-powered heavy trucks

China - Farizon Auto, the commercial vehicle unit of China’s Zhejiang Geely Holding Group focused on new energy vehicles (NEVs), said it raised UD600m in a Series A funding round in July.

This followed a successful pre-A Round last October in which it raised USD300m and was backed mainly by local financial institutions including Boyu Capital and Yuexiu Industrial Fund.

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