Who owns Farizon? The ownership chain, Geely Holding's stake and the 2016 deal
Facts checked Chinese holding 100%
Farizon is Chinese. It is Geely Holding's commercial-vehicle brand, covering electric and methanol-fuelled vans and trucks, and it supplies the vans sold in Britain under the Farizon name.
Farizon Auto, formally Zhejiang Geely Farizon New Energy Commercial Vehicle Group, is Geely Holding's commercial vehicle arm, founded in 2016 with an electric light commercial vehicle and a city bus. It has taken outside investment, raising more than US$300 million in a pre-A round in October 2022 and US$600 million in a Series A in July 2023, so Geely's exact percentage is not a round number and was not verified here. Farizon sold 162,019 vehicles in 2025.
The short answer
| Controlled by | Geely Holding |
|---|---|
| Stake | not published |
| Since | 2016 |
| Kind | brand |
| Origin | CN |
| Name in Chinese | 远程 “ywen-CHUNG” |
| Top of the chain | Li Shufu |
| Is it Chinese? | Yes |
The chain, step by step
Li Shufu owns Geely Holding at 82.23% since 1986.
Li Shufu founded Geely Holding in 1986 and owns 82.233% of it directly; his son Li Xingxing holds 8.0583% and Ningbo Yima Enterprise Management Partnership 9.7087%, which Polestar's 2025 annual report summarises as Li Shufu owning about 91.9% directly or indirectly.
Geely Holding controls Farizon since 2016.
Farizon Auto, formally Zhejiang Geely Farizon New Energy Commercial Vehicle Group, is Geely Holding's commercial vehicle arm, founded in 2016 with an electric light commercial vehicle and a city bus. It has taken outside investment, raising more than US$300 million in a pre-A round in October 2022 and US$600 million in a Series A in July 2023, so Geely's exact percentage is not a round number and was not verified here. Farizon sold 162,019 vehicles in 2025.
| Holder | Holds | Kind | Stake | Since |
|---|---|---|---|---|
| Li Shufu | Geely Holding | owns | 82.23% | 1986 |
| Geely Holding | Farizon | controls | controls | 2016 |
Farizon: questions people ask
- Who owns Farizon?
- Geely Holding lists Farizon Auto as one of its own brands and runs it as its commercial vehicle arm, though outside investors joined funding rounds in 2022 and 2023, so Geely's exact percentage is not published.
- What does Farizon make?
- New energy commercial vehicles: electric and alternative-fuel vans, trucks and buses. Its first products in 2016 were an electric light commercial vehicle and a city bus.
- What does the name Farizon mean?
- The English name is a coinage. The Chinese name 远程 (Yuǎnchéng) means 'long distance', which is what the vehicles are built for.
Related
Sources for Farizon
- Gasgoo, Geely Holding Group 2025 sales surpass 4.11 million, NEV penetration reaches 56%. Read .
- Wikipedia, Farizon Auto (article). Read . Founding year, first products and the 2022 and 2023 funding rounds.
- Zhejiang Geely Holding Group, Overview. Read . Lists Farizon Auto among Geely Holding's brands.
- Wikipedia, List of automobile manufacturers of China. Read . Geely Holding's brand portfolio.
- Lotus Technology Inc (U.S. Securities and Exchange Commission), Lotus Technology Inc., Form 20-F for the year ended 31 December 2025, Item 6.E Share Ownership, footnote 6. Read . Percentages as disclosed for 28 February 2026.
- Polestar (U.S. Securities and Exchange Commission), Polestar Automotive Holding UK PLC, Form 20-F for the year ended 31 December 2025, Item 7.A. Read .