Farizon New Energy Commercial Vehicle Group, a Geely Holding Group subsidiary, has signed a strategic cooperation agreement with the People's Governments of Qujing and Xuanwei Cities in China. The agreement focuses on promoting China's green methanol production model, aiming to accelerate large-scale production and application of green methanol while reducing CO2 emissions by 100,000 tonnes per year. The collaboration will involve deep cooperation in various fields, including new energy project development, methanol production, green hydrogen synthesis, and the promotion of alcohol-hydrogen electric vehicles. The project will utilize Geely's technology to efficiently capture CO2 and produce green methanol, establishing a green methanol industrial park. It will also involve the planning and construction of methanol fuel refueling stations, aiming to provide comprehensive solutions for various transportation sectors. This initiative is a significant step towards local carbon neutrality and industrial transformation in the region.