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Zeekr, an electric vehicle maker from China, is a unit owned by Geely. It has filed confidentially for an initial public offering in the United States that could raise more than $1B.
Zeekr is the Zeekr for the IPO filing The Geely unit is ready to enter the European electric vehicle market. According to reports, the Geely unit was valued at approximately $9B in a financing round last year. according to ReutersThe author cited unnamed sources that were close to the matter.
Zeekr, the latest Chinese EV maker, would join Li Auto (LI), NIO(NIO), BYD [OTCPK]DDF and Xpeng (“XPEV”) in listing on the US market. The US-based Telsa (TSLA), also has a substantial presence on the Chinese market.
Polestar (PSNY), another Geely EV unit went public in June via a merger with SPAC Gore Guggenheim. The combined company was valued at approximately $20B.
Vinfast, a Vietnamese electric vehicle manufacturer (VFS), recently applied for US listing.