In December 2022, Farizon Auto set a new sales record, with the monthly sales volume reaching 10244 units. Moreover, from January to December 2022, Farizon achieved the largest cumulative sales volume among all brands in China, cementing its position as the market leader of China’s new energy commercial vehicle segment. Farizon has further set an ambitious sales target of 150,000 units in 2023.
In 2022, Farizon‘s new energy light trucks were best-sellers in their segment for the second consecutive year. Approximately every fourth new energy light truck sold in China came from Farizon, with the brand’s market share reaching 23.4%.
Since Farizon’s Pre-A round in October, it’s registered capital has increased from 1 billion to 3.5 billion RMB. Planning to complete its Series A financing in 2023, Farizon has announced that in the next three years, it will fully commit to accelerating development in both products and capital markets and achieve the market capitalization target of 30 billion USD.