Geely’s EV brand Zeekr raises $500 million in first external funding

  • Beijing: Zeekr, the electric vehicle brand by Geely, has raised $500 million in its first external funding round that saw the participation of investors Intel Capital, battery maker CATL and online entertainment firm Bilibili.
  • Zeekr, which targets young and trendy customers, is jointly owned by Geely Automobile and its parent Zhejiang Geely Holding Group.
  • We’ve distilled the 15-page document into a five-minute read. Read Now Zhejiang Geely Holding Group, the owner of Volvo Cars and a 9.7% stake in Daimler AG, and Geely Automobile launched the Zeekr in March this year to compete with EV companies including Tesla Inc. and Nio Inc. They jointly invested 2 billion yuan into the brand earlier.
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