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IT Home reported on August 2 that on August 1, Geely's Yuancheng New Energy Commercial Vehicle Group celebrated its 10th anniversary. With the mass production of Yuancheng Xinghan H alcohol hydrogen electric vehicles at the Maanshan base,Yuancheng announced that it has reached a milestone of 300,000 new energy commercial vehicles and completed delivery, and it is also the birth of “the world’s first 300,000-unit new energy commercial vehicle brand”.

Yuancheng New Energy Commercial Vehicle Group is a subsidiary of Geely Holding GroupIt is officially called "China's first commercial vehicle group focusing on the new energy field". Its products cover the entire range of commercial vehicles including heavy trucks, light trucks, small and micro trucks, LCVs, buses, etc. The first batch of vehicles have been delivered to the UAE in the overseas market, and were exported to Turkey in January this year.

On July 20, 2023, Yuancheng, a brand of Yuancheng New Energy Commercial Vehicle Group, announced the completion of Series A, with a financing amount of US$600 million (IT Home Note: currently approximately RMB 4.347 billion).