Geely Holding Welcomes New Investors in Zeekr

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Hangzhou, China — Zhejiang Geely Holding Group (Geely Holding), China’s largest private-owned automotive group, this week welcomed new fairness traders to Zeekr, international premium electrical mobility know-how firm following the completion of an preliminary public providing on the New York Inventory Trade. Shares of the brand new publicly listed firm will probably be traded below the ticker “ZK.”

Being listed as a publicly listed firm, Zeekr will try to continually enhance its inside management, company governance, and international compliance whereas delivering glorious merchandise to international clients.

Funds raised from the itemizing will probably be used to additional develop new superior applied sciences and merchandise for Zeekr in addition to help the enlargement of its gross sales, advertising and marketing, and charging community world wide.

Daniel Li, Chief Govt of Geely Holding, mentioned “There are huge demands and opportunities in the global new energy vehicle market. Zeekr is positioned as a premium electric mobility brand and is an important pillar supporting Geely’s electric transformation. I believe that Zeekr will be able to seize this historic opportunity and become a sustainable business that unlocks long term value for users, investors and society.”

Andy AN, CEO of Zeekr Know-how and President of Geely Holding, added “Zeekr’s listing on the world’s most active and influential capital market is an important milestone in the company’s global journey. Today, Zeekr becomes a truly global enterprise ready to accelerate its expansion and meet the growing global demands for smart electric mobility.”

As a worldwide premium electrical mobility know-how model below Geely Holding Group, Zeekr goals to create a totally built-in consumer ecosystem with innovation as a typical. The model makes use of Geely’s Sustainable Expertise Structure (SEA) and contains its personal battery applied sciences, battery administration programs, electrical motor applied sciences and electrical automobile provide chain.

Since Zeekr started delivering automobiles in October 2021, the model has delivered over 240,000 automobiles up to now together with the Zeekr 001, Zeekr 001 FR, Zeekr 009 MPV, Zeekr X city SUV and Zeekr 007 sedan. ZEEKR has introduced plans to promote automobiles in European, Center Jap and different Asian markets, and has an bold roll-out plan over the following 5 years to fulfill the quickly increasing international EV demand.

Press launch from Geely Holding