Farizon New Energy Commercial Vehicle Group, a subsidiary of Geely Holding Group, has signed a strategic cooperation agreement with the People's Governments of Qujing and Xuanwei Cities in China. The agreement focuses on an alcohol-hydrogen ecological layout to advance China's green methanol production model. The collaboration will involve new energy project development, methanol production, synthesis of green methanol from CO2 and green hydrogen, promotion of alcohol-hydrogen electric vehicles, and manufacturing of new energy commercial vehicles. Leveraging Geely's 'CO2 + hydrogen' methanol production technology, the project aims to reduce CO2 emissions by 100,000 tonnes annually, accelerating the local carbon neutrality process. Methanol refueling stations will be constructed in Qujing City, catering to various transportation needs and aiming to establish an innovative green methanol economy model.