Farizon Auto, the new energy commercial vehicle brand from Zhejiang Geely New Energy Commercial Vehicle Group (a subsidiary of Geely Holding) raised more than US$300 million in its first external financing round. This Pre-A round of investment was led by Hidden Hill Capital, which is backed by Singapore’s GLP. Farizon.
BEIJING/HONG KONG (Reuters) - Chinese automaker Geely's new energy vehicle subsidiary on Wednesday said its brand Farizon has raised over $300 million from a funding round led by Asian logistics firm GLP's investment arm Hidden