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[NEWS] Zeekr files for stock-market listing in US

Zeekr files for stock-market listing in US

Zeekr 001 front quarter static 2021
Zeekr has shipped 66,611 units of its 001 fastback since it launched in December 2021

Geely-owned Chinese EV brand reportedly seeks $1bn investment and a valuation above $10bn

Chinese EV maker Zeekr has filed for an initial public offering (IPO) in the US as part of plans to take the brand global as a rival to Tesla.

Zeekr filed draft registration paperwork for an IPO with US regulators on 7 December.

Citing sources with knowledge of the IPO filing, Reuters reported Zeekr is seeking a valuation of more than $10bn (£8.14bn); to raise more than $1 billion (£814 million). A listing could come as early as the second quarter of 2023, it said.

The move to list in New York comes after Zeekr confirmed it had submitted an IPO proposal to the Hong Kong stock exchange.

By choosing New York as the venue for its IPO, Zeekr is hoping for a higher valuation, said Reuters.

Zeekr was officially launched in March 2021, one month before the Chinese car maker announced its first model, the 001 fastback.

Its second model, the 009 MPV, was unveiled in November 2022.

Since the start of 001 deliveries in December 2021, Zeekr’s cumulative deliveries total 66,611 units.

A third Zeekr production model, a pricing-leading hatchback, is planned to be launched in China in 2023.

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