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Farizon Auto

From Wikipedia, the free encyclopedia

Farizon Auto
FormerlyGeely New Energy Commercial Vehicle Group
TypeSubsidiary
IndustryAutomotive
Founded2016; 10 years ago (2016)
HeadquartersHangzhou, China
Area served
Worldwide
Key people
Fan Xianjun (CEO)
ProductsAutomobiles
ParentZhejiang Geely Holding (100%)
Websitegeelycv.com
A Farizon Auto badge on one of its vehicles

Farizon Auto, officially Zhejiang Geely Farizon New Energy Commercial Vehicle Group is a Chinese automaker. Focused on manufacturing commercial vehicles, Farizon is a subsidiary of major Chinese automotive company Geely. As of 2026, its vehicles are sold in numerous global markets.

History

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Farizon Auto was founded in 2016. Its first products were a fully-electric light commercial vehicle, and a city bus.[1]

The company raised over $300 million in a Pre-A Round in October 2022 led by GLP's investment arm Hidden Hill Capital,[2] and $600 million in a Series A funding round in July 2023, led by Boyu Capital and Yuexiu Industrial Fund.[3]

The factory was later acquired by the Chinese electric commercial vehicle company Yuancheng Auto, which in conjunction with Myoung Shin. The company plans to manufacture CKD-made electric trucks for the China market.[4]

In May 2024, it was announced that it would give up production of finished vehicles and switch to the automobile parts and automation equipment business.[5]

Operations

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As of mid-2026, aside from within China, Farizon Auto vehicles are sold in numerous global markets, including South Africa, the United Kingdom, and Portugal.

Products

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Farizon Auto

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Ouling

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Farizon acquired Ouling (Chinese: 欧铃) in 2021, a brand selling gasoline-powered lower end medium duty, light duty, and micro trucks.

CAMC (Hanma Technology)

Farizon acquired CAMC (Chinese: 华菱星马) in 2020, a Chinese manufacturer of trucks and truck-based special vehicles established in 1999.

References

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  1. "Farizon Auto is a brand under Geely New Energy Commercial Vehicle Group". Geely. Retrieved 17 July 2026.
  2. "Chinese automaker Geely's new energy brand Farizon raises over $300 mln". Reuters. 27 October 2022. Retrieved 20 July 2023.
  3. "Geely truck unit, Farizon, raises $600 million in funding round". Reuters. 20 July 2023. Retrieved 20 July 2023.
  4. "군산공장 인수한 명신, 4년 동안 생산은 전무". Hankyong (in Korean). 1 June 2023. Retrieved 1 June 2023.
  5. "명신 군산공장, 자동차부품·자동화설비 사업으로 전환". Newsis (in Korean). 29 May 2024. Retrieved 29 May 2024.
  6. "E5 (Pure Electric City Logistice Vehicle)-GCV". www.geelycv.com. Archived from the original on 5 November 2021. Retrieved 5 November 2021.
  7. "E200S (Pure Electric Box-type Transport Vehicle)-GCV". www.geelycv.com. Archived from the original on 5 November 2021. Retrieved 5 November 2021.
  8. "E200 Pure Electric Box-type Transport Vehicle-GCV". www.geelycv.com. Archived from the original on 5 November 2021. Retrieved 5 November 2021.
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