Chunqing Technology has completed its third - round financing of over $200 million.

On July 20, Chunqing Technology, a subsidiary of Farizon New Energy Commercial Vehicle Group, announced the completion of its third - round financing. The lead investor was Hangzhou High - tech Financial Investment, and several strategic partners such as Xiangtan Electrochemical Industry Investment and Nanxun Industrial Fund participated in the follow - on investment. The amount of this round of financing exceeded $200 million, and the funds were mainly used for the R & D of alcohol - hydrogen products and technologies and the construction of the alcohol - hydrogen ecological system. (Jiemian)