Geely's Farizon New Energy Commercial Vehicle Group and ZF signed a memorandum of understanding at the IAA TRANSPORTATION 2024 in Hannover, Germany, to accelerate the industrialization of innovative technologies for new energy commercial vehicles. The collaboration focuses on combining Farizon's expertise in methanol-hydrogen and electric technologies with ZF's leading position in the commercial vehicle sector. The partnership aims to create globally competitive new energy commercial vehicles with enhanced efficiency and lightweight designs through energy-efficient systems. Farizon Auto's proprietary "methanol-hydrogen + electric" technology offers a practical and cost-effective alternative to traditional hydrogen fuel cells, enabling convenient charging solutions and overcoming some limitations of pure electric and hydrogen fuel systems. ZF is committed to promoting the use of methanol-hydrogen and other alternative energy technologies to drive the adoption of new energy heavy trucks in the commercial vehicle industry. Beyond developing new energy solutions, the collaboration also focuses on optimizing the entire methanol-hydrogen ecosystem to accelerate the progress of the new energy vehicle industry.