FARIZON(GEELY)

Yuancheng Auto (Chinese: 远程汽车; pinyin: Yuǎnchéng Qìchē) or Farizon Auto is a commercial brand of Geely that was formed in 2016 to focus on the development and sales of commercial vehicles in China and has launched several long-range capable truck and bus solutions. The company raised over $300 million in a Pre-A Round in October 2022 led by GLP's investment arm Hidden Hill Capital, and $600 million in a Series A funding round in July 2023, led by Boyu Capital and Yuexiu Industrial Fund. 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. On May 29, it was announced that it would give up production of finished vehicles and switch to the automobile parts and automation equipment business.