Geely’s Farizon Auto and Bozhou city signed an agreement to build a methanol-hydrogen industry ecosystem. The collaboration aims to advance sustainable fuel technologies and infrastructure in the region. This partnership marks a strategic step toward integrating alternative energy solutions for commercial vehicles.
Chunqing Technology secures **$135 million** in a Pre-A+ funding round backed by Farizon New Energy Commercial Vehicle Group. The company, a subsidiary of Farizon, expands its financial support amid growth in the commercial vehicle sector. The round highlights investor confidence in Chunqing’s operations and market positioning.
China’s Alxa League in Inner Mongolia has launched a **500,000-ton green methanol production project**, beginning with a **100,000-ton demonstration phase**. The facility uses **wind and solar power** for electrolysis to produce hydrogen, which is then combined with **captured industrial CO₂** to synthesize methanol. This marks China’s first large-scale green methanol initiative of its kind.
