Geely-owned Zeekr hit the New York Stock Exchange with a splash, soaring 38% in trading, indicating investor optimism in Chinese automakers' offerings.
Zeekr's strong investor sentiment reflected in the upsize of shares sold at $21 each, raising $441 million to aid expansion outside China by 2024.
Zeekr targets Europe for EV market conquest, ready to challenge legacy automakers with flagship models like the Zeekr 001 and Zeekr X urban SUV.
Chinese automakers like BYD, SAIC, and Great Wall Motor are also breaking into the European EV market, intensifying competition for companies like Zeekr.
[
add
]
[
|
|
...
]