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Geely-owned EV brand ZEEKR sits on cusp of a US IPO seeking valuation of $5.13 billion

ZEEKR IPO

Young EV-centric brand ZEEKR is continuing its efforts to become a globally recognized name in the space as it gears up for an initial public offering (IPO) on the New York Stock Exchange (NYSE) this week. The Geely-owned sub-brand will go public later this week and seeks a valuation of over 5 billion dollars.

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Funding secured: Polestar’s (PSNY) outlook bounces back with $1 billion in external cash

Polestar funding

Who needs Volvo anyway? Shortly after co-parent company Volvo Cars announced plans to cut ties with Polestar, the EV-centric brand has turned to an all-star lineup of international banks for external funding totaling close to one billion dollars. Polestar’s other owner, Geely Holding, is still very much involved and will also help Polestar continue work to roll out its two incoming electric SUVs and beyond.

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Geely Auto inks deal with ZEEKR to sell its EVs in Mexico, hints at expansion to South America

ZEEKR Mexico

Geely Holding Group subsidiary Geely Auto has announced a vehicle purchase agreement with fellow marque brand ZEEKR to sell its EVs and aftermarket parts in Mexico. With the agreement, Geely hopes to fast-track ZEEKR’s line of advanced new energy vehicles to Mexican consumers hungry for more sustainable alternatives to combustion models as a stepping stone to further expansions South to Latin America.

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EV competition heats up in China as Geely’s Galaxy brand launches E8 starting under $25k

Less than a year after its launch in China, Geely’s sub-brand Galaxy has begun selling its first all-electric model – the E8. Starting at a price below $25,000, the Galaxy E8 sedan looks extra sleek, and it touts some more than adequate EV technology, arriving as a genuine contender in an ultra-competitive Chinese market.

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This huge EV van is inspired by the world’s largest passenger jet

If you’ve ever flown on the double-decker monster that is an Airbus A380, you know just what a bizarrely special experience it is — a plane so massive, you can barely tell it’s taking off or landing (let alone that it’s cruising 35,000 feet in the air). The latest MPV (MPEV?) from Geely-owned LEVC (London Electric Vehicle Company) is inspired by that wonder of engineering, and it’s a big boy indeed. With an 8-passenger layout and a length of over 17 feet (5.3 meters, specifically), the L380 is a vehicle designed to jet get groups around in comfort.

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Geely and Baidu officially launch JiYue 01 ROBOCAR with AI and voice-activated parking

01 ROBOCAR

Just over two months after announcing a restructuring of its business partnership to bring its AI-powered 01 ROBOCAR to market, Geely and Baidu have officially launched the futuristic autonomous EV in China. The 01 arrives as the world’s first consumer vehicle featuring Baidu’s full Apollo suite of Level 4 autonomous driving solutions.

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ZEEKR plans ambitious 2023, including doubling sales, 2 new EV models, and entry into Europe

ZEEKR Europe

Young Chinese EV brand ZEEKR is looking to significantly expand its sales and global footprint in 2023, according to an internal letter outlining several of the Geely-owned marque’s goals. In addition to introducing two new EV models this year, ZEEKR is planning to enter key markets in Europe. It makes us wonder if the US could soon be next.

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