With a market capitalization of $30 billion, Geely's long-distance commercial vehicles plan to complete round A financing next year.

CTOnews.com December 27 news, According to the financial news agency reported, Geely Holdings 'long-distance commercial vehicle technology company plans to complete Series A financing in 2023, In the next three years to fully carry out product market and capital market strategic coordination, To reach 30 billion US dollars (About 209.1 billion yuan) market value target.

As a brand under Geely New Energy Commercial Vehicle Group, Remote announced the completion of Pre-A round financing in October this year, with the financing amount exceeding US $300 million (about RMB 2.187 billion yuan).

CTOnews.com learned that Long-range Automobile said that Pre-A round financing will be mainly used for R & D investment and market ecological construction, further consolidating and upgrading Long-range's leading position in the new energy commercial vehicle market.

In announcing the completion of the Pre-A round of financing, Remote also announced carbon neutrality targets: operational carbon neutrality by 2025; full life cycle carbon neutrality by 2030.