Geely's Farizon New Energy Commercial Vehicle Group (Farizon Auto) has entered into an agreement with the People's Government of Bozhou city in China to create a methanol-hydrogen ecosystem. This collaboration will involve investments in the entire industrial chain of the methanol-hydrogen sector, capitalizing on Bozhou's resources and geographical advantages. Bozhou, aiming to become a carbon-peak pilot city, is dedicated to building a clean and low-carbon energy system and is keen on fostering green industrial sectors. The partnership with Farizon Auto aims to drive the establishment of the methanol-hydrogen ecosystem in Bozhou. Farizon Auto's CEO highlighted the benefits of methanol as a clean and renewable energy source and emphasized the company's focus on promoting methanol electric technologies in commercial vehicles. The collaboration aims to advance green and low-carbon transportation, develop new energy commercial vehicles and components, and create a demonstration zone for methanol-hydrogen electric vehicle applications. Currently, Farizon Auto has already set up 519 methanol refueling stations in China and plans to significantly expand this number to 4,000 stations by 2027. This expansion is part of the company's strategy to support the growing demand for methanol-powered vehicles. The partnership also includes plans to work on zero-carbon methanol production projects, showcasing a strong commitment to sustainability and environmental responsibility.