Farizon hits 600,000th EV milestone, targets 1 million units by 2030
The company has ranked No. 1 in China’s new-energy commercial vehicle market for four consecutive years since entering the sector a decade ago.
The company has ranked No. 1 in China’s new-energy commercial vehicle market for four consecutive years since entering the sector a decade ago.

The company has built a product lineup spanning four series — A, B, C and D — covering price ranges from 60,000 yuan ($8,888) to 300,000 yuan.

The move comes as Geely expands its “All-Domain AI” strategy from technology integration toward deeper vehicle intelligence.

The surge reflects the rapid overseas expansion of Chinese EV manufacturers, as global demand for affordable electric vehicles continues to rise.

The latest chart underscores the province’s resilience and Hangzhou’s growing role as one of China’s leading corporate headquarters.

NEV exports reached 277,189 vehicles, soaring 585% from a year earlier and accounting for 58% of total exports.

Under the agreement, the two companies will collaborate across vehicle smart hardware, core components for new energy vehicles and intelligent manufacturing.

Sales have now risen on both a monthly and annual basis for four consecutive months.

This pivot comes as it seeks to evolve from a ride-hailing operator into a broader physical AI mobility platform.

Li also cautioned against the industry’s growing tendency to compress vehicle development cycles.