Announced
Completed
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Completed
automaker
China
Venture Capital
Private Equity
Acquisition
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Single Bidder
Minority
Private
Automobiles
Synopsis
Hidden Hill Capital, a private equity investment platform of GLP, led a $300m pre-Series A round in Farizon Auto, Geely's new energy vehicle subsidiary. Farizon will use much of the funding "for research & development and ecosystem development, in order to further consolidate its market-leading position in new energy commercial vehicles," Zhejiang Geely New Energy Commercial Vehicle Group said in a statement.
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