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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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Breaking down Geely Group’s 5% sales growth by automaker, including Volvo Cars and Polestar

Geely Group

Chinese automotive conglomerate Geely Group has posted its annual sales results for 2022, which accounted for more than 2.3 million vehicles sold and nearly 5% growth overall. Although not all of those sales were all-electric models, EVs accounted for nearly a third of them. Here’s how each of the Group’s EV brands performed in 2022.

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Geely brand ZEEKR quietly files for US IPO seeking valuation over $10 billion

ZEEKR IPO

Luxury EV brand ZEEKR appears poised to be the next Chinese automaker to enter the US stock market by confidentially filing for an IPO. An influx of US cash could certainly aid the Geely Auto-owned brand in its plans to expand to Europe and North America, especially if it hits the $10 billion valuation it is reportedly seeking.

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Geely launches new outdoors lifestyle marque Radar Auto to produce electric pickups, SUVs, and ATVs

Geely electric pickup

Rivian did it first, Ford did it the biggest, and now China is next. Geely Auto is entering the nascent electric pickup truck segment with an entirely new brand called Radar Auto. The new outdoors-centric marque officially launched today along with images of its flagship EV called the RD6. In addition to electric pickups, Radar also has plans for SUVs and ATVs.

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Geely is rolling out swap stations for heavy duty EVs like cement mixers, housing three-ton battery packs

Geely swap

Chinese multinational automotive company, Geely, has shared a recent update from its Technology Group subsidiary showing battery swap capabilities integrated into what it calls Heavy Goods Vehicles (HGVs). The battery swap stations operate under the same concept as passenger EVs, but use a different swap method without having to lift the hefty construction vehicles.

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Baidu’s autonomous EV marque JIDU garners $400 million Series A funding round to support ‘Robocar’ launch in 2023

JIDU EV

Intelligent EV startup JIDU announced a closed round of Series A funding that raised nearly $400 million dollars. The financing was led by JIDU’s parent company Baidu Group, and its business partner Zhejiang Geely Holding Group – the largest auto manufacturer in China. JIDU plans to use the funds for R&D of its teased “Robocar” concept, aiming for mass production in 2023.

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2021 EV deliveries in China by the numbers: How some of the market’s major players grew

EV deliveries China

As we eagerly slam the book shut on 2021 and look toward a promising year of further EV adoption in 2022, it’s important to look back and assess how far the global market has come during this most recent trip around the Sun. From there, we can compare 2021’s numbers to the year prior and gain an idea of the trajectories many of the major EV automakers may travel on into 2022. We will begin with EV deliveries in China, a rich mecca of EV production and innovation with many companies now expanding to other markets around the globe.

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Geely and Foxconn establish JV to push back against chip shortage

geely foconn chip shortage jv

Everywhere you look, you can see signs of an automotive market that’s been hit hard by a silicon “chip shortage.” Everywhere that is, except Tesla, where a more flexible, software-focused approach and sturdier grip on its critical parts supplies have allowed the company to nearly double its deliveries from the year before. Over in China, Geely and Foxconn have taken notice.

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Geely-owned Zeekr brand sets its sights on North America

zeekr 001 coming to the us

You know Geely as the Chinese money behind Volvo, Polestar, and Lotus – but they’re a lot bigger than that. Geely has its own brand, is backing an electric Smart revival, and recently invested billions in Mercedes’ parent company, Daimler, to become a top shareholder. Geely means business, in other words, and the CEO of their newest premium EV brand, Zeekr, has eyes on America.

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Geely’s Farizon Auto unveils ‘Homtruck’ electric semi for global market in 2024

electric semi

Farizon Auto, the commercial vehicle branch of Geely, launched a new electric semi-truck concept called the Homtruck. While the unveiled vehicle remains a concept, Geely has already shared intentions to enter production and begin deliveries in 2024. Furthermore, the Chinese automaker is planning to roll out the Homtruck semi in international markets too, including North America.

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