Chinese automaker Geely's new energy brand Farizon raises over $300 mln

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 Hill Capital. Qazet.az report according to r

The new capital raise, which involves other investors such as Chinese logistics and chemical group Transfar and an investment firm backed by major Chinese investment bank CITIC Securities, came as Geely stepped up its new energy vehicle development.