The agreement is designed to support Farizon Auto’s expansion in the methanol-hydrogen and electric-powered commercial vehicle segment.

The Xinghan G hydrogen fuel cell truck is Farizon’s latest addition to its growing range of new energy commercial vehicles, which also includes battery, methanol and hydrogen powered trucks.

The new Xuanwu battery features in the Farizon Xingxiang V7E light van, which has a driving range of 305 km on a single charge and is aimed at the local delivery sector offering seven cubic metres of cargo capacity and a payload of 1.3 tons.

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.

Geely's Farizon looks to change the concept of what an automonous tractor looks like in China.

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.