March 16, 2022, Zhejiang, China, On March 11, Zhejiang Geely New Energy Commercial Vehicles Group Co., Ltd. (hereinafter referred to as Geely Commercial Vehicles) reached a strategic cooperation intention with Industrial Bank Financial Leasing Co., Ltd. (hereinafter referred to as Industrial Bank Financial Leasing) with the value of RMB 5 billion.

Through the cooperation, Industrial Bank Financial Leasing will serve Geely Commercial Vehicles new energy development strategy relying on financial leasing product advantages. Both parties will cooperate in new energy commercial vehicles sales, power station construction and operation, production base construction, data risk management and business mode innovation.

New energy vehicle is the future development tendency of ground transportation. And the cooperation is also a support for national strategy of “dual carbon” goals.

In the future, Geely Commercial Vehicles will devote to becoming a comprehensive service provider of intelligent and green technology, promote commercial vehicle industry reform with upstream and downstream partners and assist the implementation of “dual carbon” goals.