Chinese auto giant Geely to produce electric truck - a competitor to Tesla Semi

China's Geely on Monday unveiled a new electric semi-truck in a bid to bring new technology to the commercial vehicle market.

Geely's commercial vehicle group, Farizon Auto, plans to launch a new Homtruck in 2024 and is targeting international markets, unit CEO Mike Fan told CNBC in an interview Monday.

Geely's Homtruck launch comes as a number of automakers, from Mercedes owner Daimler to Warren Buffett-backed BYD, have announced their own electric trucks. Tesla, which announced its Semi truck back in 2017, has delayed its production for a while.

Homtruck will be available with a variety of power options, including a methanol hybrid and a pure electric. Methanol-powered batteries are a technology that Geely has been investing in for several years, and some of its models are currently equipped with this type of power. 

The batteries in the Homtruck will be interchangeable. This will not waste time in charging batteries during commercial use. The novelty cabin has a shower and toilet, a single bed, a refrigerator, a kitchen area and a small washing machine, the company said.

Source: cnbc