Zeekr,Western Archives a reputed electric vehicle brand under Chinese automaker Geely, plans to engage in discussions with global investors across multiple cities later this month regarding its intended stock market debut in the US, as reported by Reuters on Wednesday, citing sources familiar with the matter. The company aims to secure $1 billion through the share sale, valuing itself at over $13 billion—an appraisal achieved during a $750 million venture capital round in February. The final deal size remains unconfirmed, according to insiders. Headquartered in Hangzhou, Zeekr confidentially submitted an initial public offering application in New York in December, targeting a possible launch as early as the second quarter of 2023, as per Reuters on December 12th. Notably, Zeekr witnessed its deliveries surge by over twofold year-on-year, reaching 54,672 all-electric vehicles for the initial seven months of this year. The brand presently offers three models for sale: the 001 hatchback, the 009 multi-purpose vehicle, and the X compact crossover. [Reuters]
