Geely's Farizon New Energy Commercial Vehicle Group, also known as Farizon Auto, has teamed up with the People’s Government of Bozhou city in China to establish a methanol-hydrogen ecosystem, marking the beginning of a strategic collaboration. Both parties plan to invest in the entire industrial chain of the methanol-hydrogen sector, utilizing Bozhou's resources and geographical advantages. This partnership will concentrate on developing green methanol production, methanol refueling infrastructure, and methanol-powered vehicles to advance the industry ecosystem. Bozhou city, known for its commitment to a clean and low-carbon energy system, is focusing on new green growth sectors like zero-carbon logistics and circular economy. Farizon Auto sees methanol as a clean and renewable energy source with environmentally friendly and sustainable attributes, aiming to promote methanol-electric technologies in commercial vehicles. The collaboration includes plans to develop new energy commercial vehicles, establish a demonstration zone for methanol-hydrogen electric vehicle applications, and support zero-carbon methanol production projects. Farizon Auto has already set up several methanol refueling stations in China and is looking to expand further by 2027. The company's subsidiary, Chunqing Technology, has achieved significant financing rounds, indicating a positive outlook on the growth of the methanol-hydrogen industry.