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China’s Geely launches electric truck, its rival to Tesla’s Semi


Geely’s Farizon Auto unit, a commercial vehicle company, has launched a new semi-truck with energy in Shanghai on Nov. 8. It is expected to begin production in 2024 and have the vehicle rolled out by 2024.


SHANGHAI — China’s GeelyAutomakers are looking to introduce new technologies to commercial vehicle markets with the launch of a brand new semi-truck on Monday.

Farizon Auto’s commercial vehicle business, Geely, plans to release the Homtruck in 2024. The divisions CEO Mike Fan said that the company is also looking at international markets.

Fan claimed that this product has been designed and built to face the global market, in a CNBC translation. Fan also stated that North America would be targeted by the vehicle with Europe, Korea, Japan, and North America.

Geely’s Homtruck launches as an automaker from Mercedes-owner DaimlerBYD (backed by Warren Buffett) has unveiled its own electric truck. Tesla has announced its own vehicle, called the Semi in 2017This vehicle was delayed by a number of factors.

There will be two power options for the Homtruck: pure electric and methanol hybrid. Geely invested in methanol-powered batteries for many years. Some of its current models have this option. Farizon also said that Homtruck batteries can be easily swapped, which decreases the charge time.

According to the company, it includes a toilet and shower, a single bed, refrigerator and kitchen, as well as a washing machine.

By 2030, fully driverless?

Autonomous driving is the goal of The Homtruck.

Geely stated that the vehicle would be capable of using some autonomous driving features. For longer distances trucks can communicate with one another to ensure safe speed and distance.

Fan stated that Geely intends to bring autonomous driving into the market in three stages. The company plans to introduce partial driverless technology in 2023. It also hopes that it will have more advanced systems by 2026. Geely hopes to have full autonomous driving in 2030.

Fan stated, “I am sure that regulations and standards for autonomous driving will be in formation.”

“Based on market demand and development needs of our company. [Geely]As a company you should always be developing and improving technologies in advance. We can then apply our technology to the market when all regulations are in place.”

Rising prices for raw materials and chip shortage

Automobile manufacturers have been also dealing with an increase in raw material prices and increased costs. global shortage of semiconductors

Automobile makers have been paying close attention to the record-breaking price of lithium this year.

Benchmark Mineral Intelligence’s Oct. 29 report stated that “which could have major consequences on electric vehicles coming onto the market between 2022-2024”

Geely’s Fan claimed that rising raw material costs are having an impact on the company’s production volume and margin, as the automaker deals with “rising prices pressure.”

He described rising raw material costs as a “period problem” that will be “gradually resolved.”

Fan said that the worldwide chip shortage was limiting Fan’s company production. Fan also stated that the supply problems are being “gradually resolved”, and that companies are looking at “alternative options” to chip production.

Fan explained that the two components will work in tandem to reduce chip shortages.