Pictured here’s a Zeekr electric vehicle charging situation in Dongguan, Guangdong province of China, on Nov. 14, 2022.
Vcg | Visual China Workers | Getty Photographs
BEIJING — Geely-backed electric automotive imprint Zeekr acknowledged Monday or not it is now valued at $13 billion after a $750 million elevate from Chinese battery huge CATL and others.
Zeekr will not be yet publicly listed, nevertheless Geely acknowledged in December the emblem filed confidentially for an preliminary public offering within the U.S.
The contemporary $13 billion valuation makes Zeekr rate extra on paper than Xpeng, which had a market value of $8.01 billion, in accordance with Refinitiv Eikon recordsdata accessed Monday.
Nio and Li Auto are rate powerful extra, with market valuations of $17.22 billion and $25.22 billion, respectively, the records showed.
Zeekr acknowledged its contemporary customers consist of Amnon Shashua — co-founder and CEO of self-riding tech firm Mobileye. The firm did not straight away acknowledge to a matter for comment.
Contemporary Amperex Skills (CATL) and three converse-affiliated funds also participated within the newest funding round, in accordance with a statement.
Zeekr acknowledged it intends to consume the funds for tech vogue — and plans to enter the European market this year.
Geely established the Zeekr electric vehicle imprint in 2021. The firm began delivering its Zeekr 001 coupe that October, and claims to comprise delivered bigger than 80,000 fashions since.
The Zeekr 001 is priced between 300,000 yuan ($43,915) and 386,000 yuan. For rough comparison, Tesla’s Mannequin Y begins at 261,900 yuan.
The powerful greater and boxy multi-motive vehicle Zeekr 009 began deliveries in January, the firm acknowledged. Prices starting up up at 499,000 yuan.
In 2010, China-basically basically based completely Geely purchased Swedish auto imprint Volvo, which beforehand belonged to Ford Motor.
By gross sales in China, Geely was the fourth-biggest manufacturer of newest vitality vehicle passenger autos in 2022, within the encourage of Tesla China, which was in third space, in accordance with the China Passenger Car Association.
Learn extra about electric autos from CNBC Pro
