Farizon, Geely’s truck unit, raised $600M to expand outside China

Farizon, a maker of hybrid and electric trucks owned by China’s Geely, has closed a $600 million Series A raise, the company said in a statement. The Hangzhou-based company plans to use the funds to expand its operations outside of China.
A key focus for Farizon’s expansion will be Europe, where the automaker plans to start selling a light electric cargo van called the Super Van as early as 2024. Farizon hopes the Super Van will become one of Europe’s top three e-cargo vans.
Recently, California-based Rivian began to deliver its first e-cargo vans for Amazon in Europe. Rivian

リンク元