The trucks are produced at the company’s smart assembly plant in Zibo, Shandong province, run by the Geely Holding Group E-Pickup division. The first batch of exports were shipped to markets in Central Asia.

Farison Auto is a new brand name for CVs built and sold by Geely.

Farizon plans to use the funds to strengthen its R&D and new product development operations, as it looks to consolidate its position as China’s leading manufacturer of new energy commercial vehicles.

Farizon Auto, the new energy commercial vehicle brand name of Zhejiang Geely New Energy Commercial Vehicle Group (a subsidiary of Zhejiang Geely Holding Group of Hangzhou), has raised USD300m in a pre-A round of fundraising, which it said will be used to strengthen its range of low- and zero-emission vehicles.

Chinese vehicle manufacturer, Zhejiang Geely Holding Group said it plans to launch a full-range of new energy commercial vehicles in South-east Asia soon.